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Home asking prices take a dip

Asking prices on dropped 2% nationally & 3.4% in Auckland in July, but the number of new listings was up 7.5%

House prices hit new record

House prices hit record highs in Auckland and Christchurch last month. Still upward price pressure in Auckland, says Harcourts, Christchurch new listings rise

Residential property inventory stays low says NZ residential property listings rose 5% in January year-on-year but inventory 10 weeks down on long-term average

Property market tightens in January

Property market remains tight over summer as buyer interest surges to record heights, but listings only rise 4%, reports

Housing boom seen spreading

Volume of houses for sale in Auckland drops to low as tightening in housing market spreads outside Auckland and Christchurch 'hotspots'

Auckland home listings at 4 yr low

Auckland residential property listings at lowest level in at least four years. What are you seeing in your area?

Landlords rushing to the exit

By Bernard Hickey Listings data collected from and shows landlords have rushed en-masse to put their houses and apartments up for sale since late January as speculation has grown that the government will announce closures of various tax loopholes in the May 20 budget. The shift in property from being listed for rental to being listed for sale is similar to the patterns seen in early 2008 as property owners moved at the peak of the market to cash out their capital gains. This created an oversupply of listings, which was a factor that drove the median price down around 10% through the rest of 2008. Median prices rebounded through mid-2009 to near record levels, encouraging some sellers back onto the market now. The government has ruled out a land tax and a comprehensive capital gains tax in the budget, but has suggested it could ringfence losses on residential property, remove the ability to claim depreciation on buildings and create a 'bright line' test to force property traders to pay tax on capital gains. This has reduced the appeal of residential property investing for many investors who are receiving yields of less than 5% from properties in major centres where prices have doubled since 2002, but rents are up around 30%. counts the number of house and apartment listings for sale on both websites every week and the surge in listings for sale can be seen in this interactive chart. The slump in listings for rent can be seen in this interactive chart . There is a seasonal aspect to these moves as universities resume, but the size of the surge in sale listings and the fall in rental listings is clearly well beyond the move seen in early 2009 and closer to the shift seen in early 2008.