Housing market

Buoyant start to summer housing market with volumes up and prices steady

14 Nov 18, 10:03am

October's house sales volumes up 15.5% versus October last year, while the median selling price set a new record, REINZ says
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Twyford lauds 'innovative' financing of infrastructure

13 Nov 18, 10:32am

David Hargreaves

40 comments

Special purpose vehicle will fund $91 mln of infrastructure to support building of 9,000 homes at Wainui, north of Auckland
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Lighting the housing market's fire?

13 Nov 18, 7:50am

David Hargreaves

60 comments

David Hargreaves says the new wave of competition between banks for mortgage business may prove to be short lived but it should certainly provide some life for the housing market leading up to Christmas
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RBNZ says interest rates still on hold till 2020

8 Nov 18, 9:05am

David Hargreaves

85 comments

Reserve Bank leaves Official Cash Rate unchanged at 1.75%; still sees upside and downside risks
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Westpac boss sees bank mortgage competition hotting up

6 Nov 18, 11:51am

David Hargreaves

32 comments

Westpac NZ's David McLean is seeing increased competition between the banks as the spring housing market springs to life
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Auckland now a buyers' market as new listings surge and asking prices ease

1 Nov 18, 5:02am

Greg Ninness

195 comments

Realestate.co.nz says the Auckland market is now favouring buyers for the first time since 2011- QV says average values falling
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Borrowing growth slowing on all fronts

31 Oct 18, 3:32pm

David Hargreaves

30 comments

Latest Reserve Bank monthly figures show declines in the rate of annual borrowing growth across the personal, housing, business and agricultural sectors
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New dwelling consents down 7.6% in September compared to a year ago

31 Oct 18, 11:49am

Greg Ninness

5 comments

New dwelling consents took a breather in September, mainly due to a drop in the number of stand alone houses and apartments being consented, while townhouse and home unit consents were up
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Barfoot's auction sales rate unaffected by start of foreign buyer restrictions

31 Oct 18, 5:00am

Greg Ninness

75 comments

Sales rate at Barfoot & Thompson's auctions stayed steady on a third after the introduction of foreign buyer restrictions on residential property
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Overseas buyers account for almost 10% of residential property sales in central Auckland

30 Oct 18, 12:09pm

Greg Ninness

65 comments

Residential property purchases by overseas buyers were declining before the overseas buyer restrictions were introduced
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ANZ tips further LVR rule loosening

30 Oct 18, 11:34am

David Hargreaves

24 comments

ANZ economists believe the RBNZ will further relax the mortgage lending restrictions next month, though not by much; they see a 'neutral level' of low deposit loans being about 15%-20% of banks' lending
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Auckland first home buyers better off by $87 a week compared to 18 months ago

26 Oct 18, 11:04am

Greg Ninness

79 comments

Falling interest rates, easing house prices and rising incomes have improved the lot of typical first home buyers in Auckland by nearly $90 a week since March 2017
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Barfoot & Thompson's auction rooms go into overdrive

24 Oct 18, 9:37am

Greg Ninness

132 comments

Nearly 250 properties offered at Barfoot & Thompson's latest auctions with sales on a third and most selling for more than their rating valuations
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Real estate industry commission revenue up 8.9% in third quarter

20 Oct 18, 9:59am

Greg Ninness

28 comments

The real estate industry is holding its own despite poor sales in September, with estimated commission revenue in the third quarter up almost 9% on last year
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Harcourts' sales steady compared to last year - average prices pick up

16 Oct 18, 12:25pm

Greg Ninness

11 comments

Harcourts' September sales suggest a steady start to spring as national average selling price rises, sales volumes flat
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Inflation surges

16 Oct 18, 10:59am

David Hargreaves

44 comments

Stats NZ says prices rose 0.9% in the September quarter, giving an annual inflation rate of 1.9%; economists expected just a 0.7% quarterly rise
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Barfoot's auction numbers hit 200 last week with sales on a third

16 Oct 18, 10:00am

Greg Ninness

58 comments

Comparing auction selling prices to rating valuations suggests prices are relatively steady
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Pumping it up

15 Oct 18, 11:44am

David Hargreaves

23 comments

We face the apparently contradictory situation in which inflation is strongly rising and yet the Reserve Bank will keep the possibility of interest rate cuts on the table
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Will they or won't they?

11 Oct 18, 1:47pm

David Hargreaves

37 comments

There's some expectation the Reserve Bank might loosen mortgage lending restrictions next month - but the 'evidence' either supportive or against such a move is is not definitive
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