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Property Market Stories - Page 15

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Property Market stories

Invercargill still seeing record house prices
Hybrid & Remote Work

Invercargill still seeing record house prices

Affordable Southland is drawing first home buyers and investors, with Invercargill’s median house price hitting a record NZD $488,000 in August.

By Michael Curreen • 4 min read • Tue, 13th Sep 2022
Will spring bring respite in property market downturn?
Inflation

Will spring bring respite in property market downturn?

Rising mortgage rates and inflation are still weighing on New Zealand property sales, though agents are seeing more first-home buyers returning.

By Michael Curreen • 9 min read • Tue, 13th Sep 2022
The temptation to sell privately
Social Media

The temptation to sell privately

Softening house prices could tempt vendors to go private, but agents still deliver about 15% more on average, Century 21 says.

By Michael Curreen • 2 min read • Mon, 5th Sep 2022
Report reveals main drivers for house price growth
Bank of New Zealand

Report reveals main drivers for house price growth

Higher urban land costs and borrowing pressures have driven New Zealand house prices up for two decades, though reforms may ease them.

By Michael Curreen • 3 min read • Wed, 31st Aug 2022
Melbourne’s first Build-to-Rent project opens in CBD
Construction

Melbourne’s first Build-to-Rent project opens in CBD

A third of the 400 apartments are already occupied as the 59-level Southbank tower opens, signalling stronger demand for rental stock in Melbourne.

By Michael Curreen • 1 min read • Thu, 25th Aug 2022
A snapshot of industrial, retail and office markets
Supply Chain

A snapshot of industrial, retail and office markets

Industrial rents are being pushed higher by record-low vacancy, as office and retail markets in Auckland, Wellington and Christchurch tighten.

By Michael Curreen • 4 min read • Sun, 14th Aug 2022
Fix, inflate or reset?
Bank of New Zealand

Fix, inflate or reset?

Higher inflation and 30-year-high interest rates are forcing landlords and tenants to renegotiate rent formulas as costs and vacancies diverge.

By Michael Curreen • 6 min read • Mon, 1st Aug 2022
New housing costs rising at fastest pace on record
Supply Chain

New housing costs rising at fastest pace on record

Materials shortages and labour pressures have pushed CoreLogic’s residential construction index to its steepest annual rise since late 2012.

By Michael Curreen • 4 min read • Wed, 27th Jul 2022
Property lender throws $600m toward Kiwibuild revival
Housing

Property lender throws $600m toward Kiwibuild revival

Lifting price caps is expected to unlock stalled Auckland projects after the lender set aside GBP £600 million for about 1,000 homes.

By Michael Curreen • 3 min read • Sun, 24th Jul 2022
Decision-makers drive demand for ESG reporting
Risk & Compliance

Decision-makers drive demand for ESG reporting

A voluntary new tool will let property groups measure social sustainability impacts across construction projects, precincts and assets.

By Michael Curreen • 1 min read • Tue, 19th Jul 2022
Prices flatten with keen buyers still out there
Bank of New Zealand

Prices flatten with keen buyers still out there

Demand is still holding up this winter, with first-home buyers helped by easier deposit rules and lending changes despite softer sales.

By Michael Curreen • 11 min read • Sun, 17th Jul 2022
June sees hat-trick of property value drops
GFC

June sees hat-trick of property value drops

Higher mortgage costs and tighter lending are set to keep house prices under pressure, with June marking a third straight monthly fall.

By Michael Curreen • 7 min read • Tue, 5th Jul 2022
First home buyers ‘marginally’ ahead in softening market
Bank of New Zealand

First home buyers ‘marginally’ ahead in softening market

Lower entry-level house prices and wider government support are nudging first-home buyers closer to ownership despite rising rates.

By Michael Curreen • 2 min read • Thu, 23rd Jun 2022
Auckland house prices down on last year
Supply Chain

Auckland house prices down on last year

The city was the only New Zealand region to post an annual fall, with sales also down 38.3% as buyers paused amid higher rates.

By Michael Curreen • 4 min read • Wed, 15th Jun 2022
Higher OCR will keep pressure on housing market
Bank of New Zealand

Higher OCR will keep pressure on housing market

Borrowers face higher mortgage costs and further house price weakness as the Reserve Bank signals the OCR may peak around 4% by mid-2023.

By Michael Curreen • 2 min read • Fri, 27th May 2022
How Australia’s new government plans to tackle its housing crisis
Sustainability

How Australia’s new government plans to tackle its housing crisis

Industry groups say Labor’s policies could ease affordability pressures after its weekend win made housing reforms more likely.

By Michael Curreen • 1 min read • Wed, 25th May 2022
Well-timed relief for first home buyers
Property Market

Well-timed relief for first home buyers

Tighter lending and higher mortgage costs have pushed first home buyers to a seven-year low, even as government support rules are loosened.

By Michael Curreen • 8 min read • Sun, 22nd May 2022
Where is property still booming?
Inflation

Where is property still booming?

West Coast and Canterbury are still posting strong gains, but a surge in listings and weaker demand is cooling prices nationwide.

By Michael Curreen • 11 min read • Thu, 12th May 2022
World’s tallest timber tower planned for Perth
Climate change

World’s tallest timber tower planned for Perth

A $350-million proposal could bring 245 apartments to South Perth if planners back the 50-storey hybrid project.

By Michael Curreen • 1 min read • Mon, 2nd May 2022