Housing market
The housing market is heading into spring with high stock levels and declining asking prices
Auction rooms the busiest they've been since early June but no improvement in the sales rate
New mortgage borrowing in July slipped to lowest monthly level since February, falling 13% or almost $1.2 billion year-on-year as investors retreat
New mortgage borrowing in July slipped to lowest monthly level since February, falling 13% or almost $1.2 billion year-on-year as investors retreat
Despite residential auction activity falling this week, and the sales rate dragging, plans are afoot for some #gameday events to try and spark a revival
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Despite residential auction activity falling this week, and the sales rate dragging, plans are afoot for some #gameday events to try and spark a revival
High numbers of homes for sale and lacklustre sales volumes keep buyers in the driving seat through winter
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High numbers of homes for sale and lacklustre sales volumes keep buyers in the driving seat through winter
Overall sales rate of 38% at the latest residential property auctions
Housing sales slumped in July while prices also edged lower, the Real Estate Institute of New Zealand says
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Housing sales slumped in July while prices also edged lower, the Real Estate Institute of New Zealand says
The percentage of residential properties selling at a loss has increased to 13% from less than 1% in 2022, Cotality says
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The percentage of residential properties selling at a loss has increased to 13% from less than 1% in 2022, Cotality says
QV says average NZ residential property values down 1.5% over the three months to the end of July
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QV says average NZ residential property values down 1.5% over the three months to the end of July
Realestate.co.nz says vendors need to price their properties to meet the current market rather than hold out for 2021 prices
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Realestate.co.nz says vendors need to price their properties to meet the current market rather than hold out for 2021 prices
ANZ report says housing market softened mid-year with investors particularly cautious
Auction room temperatures drop as the number of properties on offer sinks to a three year low
NZ First is considering a Crown co-investment election policy for first home buyers that Shane Jones says would give FHBs access to mortgage interest rates ‘cheaper than what the Aussie-owned banks are charging’
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NZ First is considering a Crown co-investment election policy for first home buyers that Shane Jones says would give FHBs access to mortgage interest rates ‘cheaper than what the Aussie-owned banks are charging’
Real estate industry's residential sales commission dropped in the second quarter
June's housing market suggested many vendors are becoming more realistic on price which could help sales numbers
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June's housing market suggested many vendors are becoming more realistic on price which could help sales numbers