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Property Market Stories - Page 17

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Property Market stories

Vendors continue to achieve record resale results
Property Market

Vendors continue to achieve record resale results

Record-low losses and near-universal gains in New Zealand’s housing market are being driven by tight supply, strong demand and cheap borrowing.

By Michael Curreen • 6 min read • Fri, 19th Nov 2021
Property market back on the up
Northland

Property market back on the up

New Zealand’s median house price climbed by NZD $100,000 in October, with 10 regions hitting record highs amid tight supply and strong demand.

By Michael Curreen • 13 min read • Fri, 12th Nov 2021
House price jump start of a new trend?
Bank of New Zealand

House price jump start of a new trend?

Rising mortgage costs and tighter lending rules are expected to cool the market, even after values posted their first monthly acceleration in six months.

By Michael Curreen • 7 min read • Fri, 5th Nov 2021
‘Certain property slowdown’ data confirms
Bank of New Zealand

‘Certain property slowdown’ data confirms

Higher mortgage rates and tighter lending rules are already cooling New Zealand’s housing market, with investor demand slipping further.

By Michael Curreen • 4 min read • Sun, 31st Oct 2021
Housing market momentum continues to wane
Bank of New Zealand

Housing market momentum continues to wane

Property values rose 1.4% nationally in September, but activity is easing as tighter lending and higher rates weigh on buyers.

By Michael Curreen • 5 min read • Sun, 10th Oct 2021
OCR rise won’t deter first home buyers as rent increases continue
GFC

OCR rise won’t deter first home buyers as rent increases continue

Higher mortgage costs are unlikely to deter first-time buyers while rents keep climbing and remain above many monthly loan repayments.

By Michael Curreen • 4 min read • Fri, 8th Oct 2021
Concerns rental market will worsen following tax changes
Property Market

Concerns rental market will worsen following tax changes

Tenants could face higher rents and fewer homes as landlords lose interest deductibility from Friday, industry figures warn.

By Michael Curreen • 4 min read • Thu, 30th Sep 2021
Most profitable suburbs revealed
Property Market

Most profitable suburbs revealed

Property values have surged nationwide, leaving first-home buyers facing tougher affordability as almost every New Zealand suburb gained at least 10%.

By Michael Curreen • 4 min read • Mon, 27th Sep 2021
Build-to-rent finally gaining traction in New Zealand
Sustainability

Build-to-rent finally gaining traction in New Zealand

Housing pressure is driving New Zealand's first large-scale build-to-rent scheme, with 295 apartments planned for Sylvia Park in Auckland.

By Michael Curreen • 3 min read • Wed, 22nd Sep 2021
The booming success of Auckland residential developments
Supply Chain

The booming success of Auckland residential developments

A further NZD $150m in funding will help Auckland developers meet surging demand, with some homes already sold off-plan to waiting buyers.

By Michael Curreen • 6 min read • Sun, 19th Sep 2021
Strong Spring predicted for property market following lockdown
Northland

Strong Spring predicted for property market following lockdown

Lockdown has not cooled demand, with New Zealand house prices hitting another record as spring listings are delayed and buyers stay active.

By Michael Curreen • 12 min read • Tue, 14th Sep 2021
Deals delayed but not disappearing following Covid resurgence
Deloitte

Deals delayed but not disappearing following Covid resurgence

Property deals are being slowed by fresh restrictions, but Colliers expects demand to recover quickly once alert levels ease.

By Michael Curreen • 4 min read • Sun, 5th Sep 2021
Property market slowdown continues – house prices fall in two cities
Bank of New Zealand

Property market slowdown continues – house prices fall in two cities

Affordability pressures are starting to bite, with Hamilton and Rotorua both posting quarterly falls after a rapid run-up in values.

By Michael Curreen • 7 min read • Tue, 31st Aug 2021
Plenty of real estate activity under Level 4
Digital Transformation

Plenty of real estate activity under Level 4

Online property traffic is staying strong during New Zealand's Level 4 lockdown, as buyers browse listings and sellers turn to virtual appraisals.

By Michael Curreen • 2 min read • Thu, 26th Aug 2021
Reserve Bank holds cash rate – what it means for the property market
GFC

Reserve Bank holds cash rate – what it means for the property market

Borrowers face higher repayments and tighter credit as rate rises, though lockdown likely postpones the Reserve Bank’s next move.

By Michael Curreen • 2 min read • Mon, 23rd Aug 2021
Ownership change for Century 21 New Zealand
Small Business

Ownership change for Century 21 New Zealand

The franchise's headquarters will move to Manawatu after Tim Kearins bought Derryn Mayne's 25% stake in Century 21 New Zealand.

By Michael Curreen • 2 min read • Fri, 6th Aug 2021
$41.2b property sector becomes New Zealand’s biggest industry
NZX

$41.2b property sector becomes New Zealand’s biggest industry

The sector now employs nearly 200,000 people and accounts for 15% of New Zealand’s GDP, according to new industry analysis.

By Michael Curreen • 2 min read • Wed, 28th Jul 2021
Housing market continues to defy expectations
Northland

Housing market continues to defy expectations

New records in prices and sales show demand is still outpacing supply, despite efforts to cool New Zealand's property market.

By Michael Curreen • 11 min read • Sun, 18th Jul 2021
Commercial property market outperforming expectations
Hybrid & Remote Work

Commercial property market outperforming expectations

Stronger-than-expected demand is tightening yields and lifting values, with industrial and large-format retail assets in New Zealand most resilient.

By Michael Curreen • 5 min read • Thu, 8th Jul 2021