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Property Market

Plenty of real time options available

Stand-alone houses are regaining ground in Auckland and elsewhere, as Cotality's latest tool shows a patchy recovery with townhouses lagging.

By Staff Writer • 3 min read • Wed, 11th Jun 2025
Tariffs add to uncertainty for borrowers
Risk & Compliance

Tariffs add to uncertainty for borrowers

Borrowers face a slower economic recovery, with the Reserve Bank signalling room for further OCR cuts as tariff uncertainty clouds mortgage rates.

By Michael Curreen • 2 min read • Wed, 9th Apr 2025
A better year ahead for housing construction
GFC

A better year ahead for housing construction

Slower construction inflation should ease pressure on would-be buyers, with CoreLogic saying house-building costs rose just 1.1% over the past year.

By Michael Curreen • 3 min read • Tue, 14th Jan 2025
Home value decline in December sums up 2024
Public Sector

Home value decline in December sums up 2024

House prices are still 17.6% below their post-Covid peak, with weak Auckland and Wellington values weighing on 2025 prospects.

By Staff Writer • 5 min read • Wed, 8th Jan 2025
What more OCR cuts mean for property
Bank of New Zealand

What more OCR cuts mean for property

Mortgage holders may get further relief early next year, but house prices are likely to rise only modestly as listings and unemployment stay high.

By Staff Writer • 2 min read • Fri, 29th Nov 2024
Commercial sentiment rises following OCR cuts
GFC

Commercial sentiment rises following OCR cuts

Lower interest rates are reviving property investor confidence, with national sentiment turning positive after the Reserve Bank’s OCR cuts.

By Michael Curreen • 3 min read • Tue, 5th Nov 2024
What’s behind NZ’s townhouse boom?
Housing

What’s behind NZ’s townhouse boom?

Townhouses now account for nearly half of new dwelling consents, with Auckland driving most of the rise as buyers seek cheaper homes.

By Michael Curreen • 4 min read • Mon, 5th Aug 2024
10 things to know about the property market right now
Property Market

10 things to know about the property market right now

Buyers are still active, but high mortgage rates and new debt limits are making deals harder to close across the housing market.

By Michael Curreen • 4 min read • Wed, 26th Jun 2024
Different cities see small drops and gains in house prices
Bank of New Zealand

Different cities see small drops and gains in house prices

Auckland and Wellington weakened again in May as high mortgage rates and plenty of listings kept the national housing market subdued.

By Michael Curreen • 5 min read • Thu, 6th Jun 2024
CoreLogic predicts 5% rise in house prices this year
Reserve Bank of New Zealand

CoreLogic predicts 5% rise in house prices this year

High mortgage rates and weak sales are keeping the housing market subdued, even as CoreLogic sees prices rising about 5% this year.

By Michael Curreen • 5 min read • Sun, 3rd Mar 2024
Residential construction costs levelling out
Supply Chain

Residential construction costs levelling out

Pressures on supply chains and builder capacity are easing, with annual residential construction cost growth falling to a seven-year low.

By Michael Curreen • 3 min read • Thu, 25th Jan 2024
Will industrial property keep breaking records?
eCommerce

Will industrial property keep breaking records?

Vacancy constraints and rising rents have kept industrial property firm, but higher rates and a cooling economy are now testing demand.

By Michael Curreen • 5 min read • Mon, 6th Nov 2023
Reserve Bank taking ‘wait and see’ approach
Bank of New Zealand

Reserve Bank taking ‘wait and see’ approach

Borrowers facing repricing will welcome a stable OCR, with the Reserve Bank now signalling cuts may not come until early 2025.

By Michael Curreen • 3 min read • Fri, 18th Aug 2023
When will people start moving house again?
Hybrid & Remote Work

When will people start moving house again?

Buyer confidence is expected to lift mover activity in the coming quarters, but high mortgage rates may keep house moves subdued for now.

By Michael Curreen • 5 min read • Thu, 27th Jul 2023
Less dwelling consents easing construction costs
Supply Chain

Less dwelling consents easing construction costs

Slowing demand is easing pressure on New Zealand builders, with construction cost growth now running well below the 2022 peak.

By Michael Curreen • 3 min read • Tue, 11th Jul 2023
Home sales record first annual increase in two years
Bank of New Zealand

Home sales record first annual increase in two years

Tighter stock on the market and a 7.5% rise in sales point to New Zealand housing volumes finally bottoming out after a long slump.

By Michael Curreen • 3 min read • Fri, 23rd Jun 2023
The beginning of the end of NZ’s house price downturn?
GFC

The beginning of the end of NZ’s house price downturn?

Signs of a floor are emerging as mortgage rates stabilise and sales improve, though values have still fallen 10.5% over the past year.

By Michael Curreen • 3 min read • Thu, 20th Apr 2023
Is the housing market a casualty of the Reserve Bank’s war on inflation?
Bank of New Zealand

Is the housing market a casualty of the Reserve Bank’s war on inflation?

Mortgage rates may already be near their peak, but new borrowers still face tough affordability tests and repricing pressure for months.

By Michael Curreen • 4 min read • Wed, 5th Apr 2023