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No reprieve for persistent property price falls
New Zealand Labour Party

No reprieve for persistent property price falls

New Zealand home values fell for a 10th straight month in January, leaving prices 7.2% below a year ago and raising further downside risks.

By Michael Curreen • 6 min read • Wed, 1st Feb 2023
What were 2022’s top performing suburbs?
GFC

What were 2022’s top performing suburbs?

Higher mortgage rates and tighter lending rules have left New Zealand’s housing market weaker than expected, with sales at a 12-year low.

By Michael Curreen • 6 min read • Tue, 10th Jan 2023
Wellington at ‘epicentre’ of property downturn
Bank of New Zealand

Wellington at ‘epicentre’ of property downturn

Mortgage holders may welcome easing nationwide declines, but Wellington is still leading the slump, with Porirua posting the steepest falls.

By Michael Curreen • 5 min read • Wed, 30th Nov 2022
First home buyers increase market share amid housing downturn
Bank of New Zealand

First home buyers increase market share amid housing downturn

Higher borrowing costs have not stopped New Zealand first home buyers lifting their share of purchases to 24% as prices ease.

By Staff Writer • 5 min read • Mon, 14th Nov 2022
House prices not going up any time soon
GFC

House prices not going up any time soon

Further official rate rises are likely to keep mortgage costs high and delay any rebound in New Zealand’s housing market.

By Michael Curreen • 8 min read • Tue, 1st Nov 2022
Third of homeowners not confident they are adequately insured
Risk & Compliance

Third of homeowners not confident they are adequately insured

Rising rebuild costs are leaving many Kiwi homeowners exposed, with 30% unsure their cover would fully replace a total-loss house.

By Michael Curreen • 6 min read • Fri, 28th Oct 2022
Housing market facing challenges for rest of 2022
GFC

Housing market facing challenges for rest of 2022

Sharply higher mortgage rates and refinancing demand are set to deepen New Zealand’s property slowdown, CoreLogic warns.

By Michael Curreen • 4 min read • Wed, 3rd 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
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
Widespread fall in house prices continue
Insurance

Widespread fall in house prices continue

Tighter, costlier credit is set to deepen New Zealand's housing downturn, with CoreLogic warning of more price falls and weaker sales.

By Michael Curreen • 6 min read • Wed, 1st 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
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
Price falls starting to appear across some suburbs
Bank of New Zealand

Price falls starting to appear across some suburbs

Stretched affordability and higher mortgage rates are pushing median values down in 154 suburbs, with Auckland and Wellington among the weakest.

By Michael Curreen • 4 min read • Sun, 27th Mar 2022
What have two years of Covid taught us about property?
Property Market

What have two years of Covid taught us about property?

Sharp falls never came, but tighter credit and rising mortgage rates now threaten to turn New Zealand's Covid-era property boom into a buyer's market.

By Michael Curreen • 5 min read • Thu, 24th Mar 2022
What the cash rate increase means for the property market
Supply Chain

What the cash rate increase means for the property market

Higher borrowing costs are cooling sales and slowing price growth, with more than half of NZ mortgages set to reset this year.

By Michael Curreen • 4 min read • Wed, 23rd Feb 2022
Housing affordability getting worse despite easing price growth
Bank of New Zealand

Housing affordability getting worse despite easing price growth

Mortgage repayments now absorb nearly half of household income, as record house prices and weaker wages push affordability to fresh lows.

By Michael Curreen • 6 min read • Fri, 18th Feb 2022
2021 wrap-up sheds light on this year’s property market
Bank of New Zealand

2021 wrap-up sheds light on this year’s property market

Rising rates and tighter lending rules are likely to cool demand, with CoreLogic warning some fixed-rate borrowers could soon see repayments double.

By Michael Curreen • 5 min read • Wed, 26th Jan 2022
Property market entering 2022
Westpac

Property market entering 2022

Rising rates and tighter lending rules could cool New Zealand’s housing boom in 2022, after values topped GBP £1m nationally for the first time.

By Michael Curreen • 4 min read • Wed, 5th Jan 2022