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House prices

BNZ chief economist Mike Jones says significant mortgage rate relief is unlikely this year and he's 'not confident' the housing market can 'right itself' till it is clear mortgage rates have stopped rising
6th Mar 23, 10:05am
16
BNZ chief economist Mike Jones says significant mortgage rate relief is unlikely this year and he's 'not confident' the housing market can 'right itself' till it is clear mortgage rates have stopped rising
Barfoot & Thompson's residential sales plunged in February while stock levels rose substantially
2nd Mar 23, 10:31am
85
Barfoot & Thompson's residential sales plunged in February while stock levels rose substantially
Average value of NZ homes down $99k from March 2022 peak, Auckland values down $186k, Wellington values down $215k
1st Mar 23, 12:01am
146
Average value of NZ homes down $99k from March 2022 peak, Auckland values down $186k, Wellington values down $215k
Latest RBNZ lending figures show the total stock of mortgage borrowing grew by just 4.1% in the 12 months to January, the slowest annual rate of growth in exactly 10 years
28th Feb 23, 4:11pm
11
Latest RBNZ lending figures show the total stock of mortgage borrowing grew by just 4.1% in the 12 months to January, the slowest annual rate of growth in exactly 10 years
[updated]
Latest Reserve Bank mortgage figures for January - while numerically hitting all kinds of record lows - actually suggest a slight uptick from December on a seasonally-adjusted basis
27th Feb 23, 10:59am
47
Latest Reserve Bank mortgage figures for January - while numerically hitting all kinds of record lows - actually suggest a slight uptick from December on a seasonally-adjusted basis
Economist Brian Easton examines how speculative bubbles have occurred in the New Zealand housing market
27th Feb 23, 8:02am
41
Economist Brian Easton examines how speculative bubbles have occurred in the New Zealand housing market
Doug Fairgray on the Labour-National push to enable greater housing density across our five biggest cities
26th Feb 23, 6:00am
94
Doug Fairgray on the Labour-National push to enable greater housing density across our five biggest cities
Almost a third of first home buyers have less than a 20% deposit and the average amount they're paying for a home is down $58,300 since April last year
25th Feb 23, 7:15am
119
Almost a third of first home buyers have less than a 20% deposit and the average amount they're paying for a home is down $58,300 since April last year
[updated]
'People who took out high leveraged loans in the 2020-21 period will be facing very high interest servicing costs'; RBNZ says gap between mortgage and deposit interest rates 'more extreme over recent times'
23rd Feb 23, 9:37am
71
'People who took out high leveraged loans in the 2020-21 period will be facing very high interest servicing costs'; RBNZ says gap between mortgage and deposit interest rates 'more extreme over recent times'
[updated]
The Reserve Bank says while there are early signs of demand easing it continues to outpace supply, as reflected in strong domestic inflation; sees recent storm damage adding 0.3 percentage points to inflation in the March and June 2023 quarters
22nd Feb 23, 2:11pm
138
The Reserve Bank says while there are early signs of demand easing it continues to outpace supply, as reflected in strong domestic inflation; sees recent storm damage adding 0.3 percentage points to inflation in the March and June 2023 quarters
Big price falls in Auckland, BoP, Taranaki, Manawatu, Wellington, and Nelson/Marlborough a boon for first home buyers last month
21st Feb 23, 12:12pm
96
Big price falls in Auckland, BoP, Taranaki, Manawatu, Wellington, and Nelson/Marlborough a boon for first home buyers last month
Latest quarterly Reserve Bank figures show that the country's new mortgage borrowers are stretching themselves much less than has been seen in recent years in regards to the amount of debt they are taking on relative to income
20th Feb 23, 10:19am
55
Latest quarterly Reserve Bank figures show that the country's new mortgage borrowers are stretching themselves much less than has been seen in recent years in regards to the amount of debt they are taking on relative to income
More homes are being resold at a loss with apartments being particularly badly hit
17th Feb 23, 10:00am
115
More homes are being resold at a loss with apartments being particularly badly hit
Median house price declines over the past year are now being measured in hundreds of thousands of dollars in some places
15th Feb 23, 11:40am
97
Median house price declines over the past year are now being measured in hundreds of thousands of dollars in some places
Housing market outlook grim as sales slump to a record low and the number of homes for sale surges
14th Feb 23, 11:04am
122
Housing market outlook grim as sales slump to a record low and the number of homes for sale surges
QV figures show average NZ house values down $129,000 in January year, Auckland and Wellington values down $220,000
14th Feb 23, 5:00am
82
QV figures show average NZ house values down $129,000 in January year, Auckland and Wellington values down $220,000
The next major challenge the Reserve Bank faces is convincing everyone that once interest rates hit peak highs they won't start falling rapidly again
12th Feb 23, 6:00am
128
The next major challenge the Reserve Bank faces is convincing everyone that once interest rates hit peak highs they won't start falling rapidly again
Only a decade ago more than half the country's mortgages were on floating rates, now the amounts on floating rates has dwindled to record lows
9th Feb 23, 12:38pm
7
Only a decade ago more than half the country's mortgages were on floating rates, now the amounts on floating rates has dwindled to record lows
David Hargreaves has a trawl through some of the RBNZ's mortgage data to see how homeowners are reacting to rising rates a year and a half into a rising mortgage rate environment
9th Feb 23, 9:33am
37
David Hargreaves has a trawl through some of the RBNZ's mortgage data to see how homeowners are reacting to rising rates a year and a half into a rising mortgage rate environment
Barfoot & Thompson's median selling price down $240,000 from its November 2021 peak
2nd Feb 23, 10:38am
127
Barfoot & Thompson's median selling price down $240,000 from its November 2021 peak
Realestate.co.nz figures show stock levels up and asking prices down, warns many vendors still have unrealistic price expectations
1st Feb 23, 1:30pm
65
Realestate.co.nz figures show stock levels up and asking prices down, warns many vendors still have unrealistic price expectations
Property values continuing their downward slide at the start of 2023, CoreLogic says
1st Feb 23, 1:00am
85
Property values continuing their downward slide at the start of 2023, CoreLogic says
RBNZ figures show first home buyers might possibly be hitting the limits of their seemingly boundless enthusiasm, while investors may have just stirred slightly
31st Jan 23, 10:50am
35
RBNZ figures show first home buyers might possibly be hitting the limits of their seemingly boundless enthusiasm, while investors may have just stirred slightly
Big price falls in Auckland, BoP, Taranaki, Manawatu, Wellington, and Nelson/Marlborough a boon for first home buyers last month
26th Jan 23, 9:59am
172
Big price falls in Auckland, BoP, Taranaki, Manawatu, Wellington, and Nelson/Marlborough a boon for first home buyers last month
QV says home values fell nationally by an average of 10.3% last year - which was the largest drop in more than 15 years, but the market has not reached the bottom yet
20th Jan 23, 5:00am
148
QV says home values fell nationally by an average of 10.3% last year - which was the largest drop in more than 15 years, but the market has not reached the bottom yet