Housing market
Fewer properties offered at residential property auctions, less than a third selling under the hammer
20th Apr 24, 6:39am
73
Fewer properties offered at residential property auctions, less than a third selling under the hammer
Real estate agencies' estimated commission revenue has been around $400m for each of the last four quarters
18th Apr 24, 11:16am
63
Real estate agencies' estimated commission revenue has been around $400m for each of the last four quarters
Auction activity easing back as the housing market heads deeper into autumn
Low sales volumes, falling prices and high stock levels suggest it's going to be a difficult winter for the housing market
16th Apr 24, 9:00am
96
Low sales volumes, falling prices and high stock levels suggest it's going to be a difficult winter for the housing market
The number of homes offered at auction dropped by more than a third after Easter, with 30% selling under the hammer
6th Apr 24, 6:01am
111
The number of homes offered at auction dropped by more than a third after Easter, with 30% selling under the hammer
Housing values inched higher in early 2024, CoreLogic says
Overall sales rate from last week's auctions dropped to 28%
The housing market is heading into winter with a shed load of unsold properties looking for buyers
2nd Apr 24, 5:00am
186
The housing market is heading into winter with a shed load of unsold properties looking for buyers
First home buyers' average estimated purchase price down about $10,000 to $20,000 year-on-year
30th Mar 24, 6:01am
59
First home buyers' average estimated purchase price down about $10,000 to $20,000 year-on-year
Plenty of properties on offer at the auctions but still only a third selling under the hammer
25th Mar 24, 11:31am
53
Plenty of properties on offer at the auctions but still only a third selling under the hammer
Auckland, Tauranga, Kapiti Coast, Porirua and Queenstown are now unaffordable for typical first home buyers even if they have a 20% deposit
22nd Mar 24, 11:16am
129
Auckland, Tauranga, Kapiti Coast, Porirua and Queenstown are now unaffordable for typical first home buyers even if they have a 20% deposit
Fewer homes being auctioned but the sales rate remains firmly stuck on a third
18th Mar 24, 10:08am
124
Fewer homes being auctioned but the sales rate remains firmly stuck on a third
The housing market looks set to end the summer season with a big overhang of unsold stock
16th Mar 24, 6:00am
178
The housing market looks set to end the summer season with a big overhang of unsold stock
Housing sales and prices both rose in February but sales were still well below long-term norms
14th Mar 24, 9:00am
92
Housing sales and prices both rose in February but sales were still well below long-term norms
BNZ's Chief Economist expects the housing market to remain flattish in the first half of this year then pick up in the second half
11th Mar 24, 3:15pm
34
BNZ's Chief Economist expects the housing market to remain flattish in the first half of this year then pick up in the second half
Plenty of homes on offer in the auction rooms but the sales rate is stuck at one-third
11th Mar 24, 11:44am
27
Plenty of homes on offer in the auction rooms but the sales rate is stuck at one-third
Latest Reserve Bank figures show that in January some 76% of new owner-occupier borrowers fixed for terms of just 18 months or less
7th Mar 24, 3:48pm
17
Latest Reserve Bank figures show that in January some 76% of new owner-occupier borrowers fixed for terms of just 18 months or less
Home buyers are spoiled for choice as the number of homes for sale hits an eight year high
2nd Mar 24, 7:09am
175
Home buyers are spoiled for choice as the number of homes for sale hits an eight year high
Less than a third of auctioned properties selling under the hammer
ANZ economists label January's housing sales 'abysmal' saying the market is 'stagnant'
20th Feb 24, 1:09pm
121
ANZ economists label January's housing sales 'abysmal' saying the market is 'stagnant'
Plenty of properties on offer at the latest auctions but just over a third selling under the hammer
17th Feb 24, 6:24am
60
Plenty of properties on offer at the latest auctions but just over a third selling under the hammer
Independent global economic researchers Capital Economics say falls in nominal house prices have been 'modest' in most developed economies and 'almost non-existent' in some others
15th Feb 24, 11:32am
88
Independent global economic researchers Capital Economics say falls in nominal house prices have been 'modest' in most developed economies and 'almost non-existent' in some others
Just over a third of properties sold under the hammer at the latest auctions
Latest Reserve Bank figures indicate New Zealand's home owner-occupiers are increasingly focusing on shorter term fixed mortgage rates - presumably in the assumption that rates will come down sooner rather than later
8th Feb 24, 3:51pm
7
Latest Reserve Bank figures indicate New Zealand's home owner-occupiers are increasingly focusing on shorter term fixed mortgage rates - presumably in the assumption that rates will come down sooner rather than later
High stock levels in the housing market at the start of this year mean buyers have plenty to choose from over summer
5th Feb 24, 5:00am
93
High stock levels in the housing market at the start of this year mean buyers have plenty to choose from over summer