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Property Market Stories - Page 19

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Property Market stories

Final week to have your say on LVRs
Bank of New Zealand

Final week to have your say on LVRs

House buyers and investors face tighter mortgage rules from 1 March as the Reserve Bank warns high-LVR lending is rising again.

By Michael Curreen • 2 min read • Wed, 20th Jan 2021
Record low listings driving up house prices
Hybrid & Remote Work

Record low listings driving up house prices

Record shortages of homes for sale are fuelling the pressure, with New Zealand’s median house price climbing to a fresh high for the fourth month.

By Michael Curreen • 12 min read • Sun, 17th Jan 2021
21 predictions for 2021
Supply Chain

21 predictions for 2021

Low rates, fiscal stimulus and reopening borders should support New Zealand property values in 2021, though office and retail risks remain.

By Michael Curreen • 7 min read • Thu, 14th Jan 2021
Top performing suburbs of 2020
Bank of New Zealand

Top performing suburbs of 2020

New Zealand’s housing boom lifted values in almost every main centre, with Auckland now boasting 117 suburbs above the NZD $1 million mark.

By Michael Curreen • 10 min read • Wed, 6th Jan 2021
Is the Kiwi bach still affordable?
Hybrid & Remote Work

Is the Kiwi bach still affordable?

Falling unoccupied stock and pandemic demand are making holiday homes harder to buy, though some coastal spots still fall below GBP £500,000.

By Michael Curreen • 3 min read • Tue, 29th Dec 2020
Listings hit rock bottom after most sales in 13 years
Northland

Listings hit rock bottom after most sales in 13 years

A shortage of homes for sale is fuelling record house prices and leaving buyers with fewer options, despite the busiest November in 13 years.

By Michael Curreen • 6 min read • Mon, 14th Dec 2020
Why property has gotten political
Bank of New Zealand

Why property has gotten political

Affordability is worsening for first-time buyers as house prices outpace incomes, deepening the housing divide and fuelling political pressure.

By Michael Curreen • 5 min read • Thu, 3rd Dec 2020
Queenstown property market bounces back
Property Market

Queenstown property market bounces back

Low rates, pent-up demand and $85 million of infrastructure spending are helping Queenstown’s property market recover after Covid hit confidence.

By Michael Curreen • 4 min read • Fri, 27th Nov 2020
Home Start grant update a priority for summer market
Property Market

Home Start grant update a priority for summer market

Only a third of New Zealand homes now qualify for the Home Start grant, intensifying calls to lift price caps before summer buying picks up.

By Michael Curreen • 2 min read • Fri, 20th Nov 2020
Property market running red hot with listings alarmingly light
Northland

Property market running red hot with listings alarmingly light

Listings fell to record lows as buyers pushed Auckland’s median house price to GBP £1 million and nationwide sales hit a 14-year October high.

By Michael Curreen • 12 min read • Fri, 13th Nov 2020
Suburban apartments overtake CBD
Auckland Council

Suburban apartments overtake CBD

Albany has become Auckland’s top apartment market, with suburban projects taking more than two-thirds of sales as CBD demand slumps.

By Michael Curreen • 6 min read • Fri, 6th Nov 2020
Property values rising faster than pre-COVID levels
Trade Me

Property values rising faster than pre-COVID levels

Nationwide house prices climbed 1.3% in October as low rates and scarce listings kept demand ahead of supply.

By Michael Curreen • 7 min read • Fri, 30th Oct 2020
Return of LVRs a cruel blow to first home buyers
Bank of New Zealand

Return of LVRs a cruel blow to first home buyers

Record-low rates have lifted first home buyers to a 25% market share, but reimposed lending curbs could force many out again.

By Michael Curreen • 3 min read • Mon, 26th Oct 2020
End of the brain drain and Kiwi returnees offset migration losses
Statistics NZ

End of the brain drain and Kiwi returnees offset migration losses

Lower migration losses are still propping up housing demand, though CoreLogic says border closures will eventually curb population growth.

By Staff Writer • 3 min read • Sun, 18th Oct 2020
Most properties sold in 42 months
Property Market

Most properties sold in 42 months

House sales jumped to a 42-month high in September, with low borrowing costs and scarce listings driving record prices nationwide.

By Staff Writer • 11 min read • Tue, 13th Oct 2020
Global house prices defy pandemic
Housing

Global house prices defy pandemic

House prices in major cities have held firm through the downturn, though UBS warns falling rents and weaker incomes could trigger a correction.

By Staff Writer • 2 min read • Sun, 11th Oct 2020
Property market enters spring on the up
Bank of New Zealand

Property market enters spring on the up

Nationwide property values rose 0.8% in September as low rates and scarce listings kept demand firm despite the economic downturn.

By Staff Writer • 6 min read • Thu, 1st Oct 2020
World’s most expensive property markets in 2020
Property Market

World’s most expensive property markets in 2020

Hong Kong tops the global list for home prices, with an average residential property costing USD $1.23 million despite pandemic uncertainty.

By Michael Curreen • 2 min read • Fri, 25th Sep 2020
Will house prices continue to rise as we enter recession?
Hybrid & Remote Work

Will house prices continue to rise as we enter recession?

Record house prices and strong sales are fuelling doubts over Treasury’s forecast of a 5% fall by June next year.

By Michael Curreen • 8 min read • Sun, 20th Sep 2020