Housing market

Residential auction activity at its second lowest point this year with just 263 properties on offer and 90 selling under the hammer

Residential auction activity at its second lowest point this year with just 263 properties on offer and 90 selling under the hammer

Average asking prices on Realestate.co.nz down almost $60,000 since February while stock for sale hits a 12-year high

Average asking prices on Realestate.co.nz down almost $60,000 since February while stock for sale hits a 12-year high

ANZ economists still expect the Reserve Bank to raise the OCR three times year in spite of recent falls in oil prices

ANZ economists still expect the Reserve Bank to raise the OCR three times year in spite of recent falls in oil prices

Just over a third of the properties offered at the latest auctions sold under the hammer

Just over a third of the properties offered at the latest auctions sold under the hammer

More than half the $1.68 billion approved for first home buyer mortgages in May was for low equity loans

More than half the $1.68 billion approved for first home buyer mortgages in May was for low equity loans

Less than 300 properties offered at the latest auctions around the country for the second week in a row but the sales rate edged up to just over a third

Less than 300 properties offered at the latest auctions around the country for the second week in a row but the sales rate edged up to just over a third

National average asking price on Trade Me Property down $50,000 over the last three months with Auckland's down $91,300

National average asking price on Trade Me Property down $50,000 over the last three months with Auckland's down $91,300

Fewer properties on offer, fewer selling under the hammer and prices easing - a chilly first week of winter at the latest auctions

Fewer properties on offer, fewer selling under the hammer and prices easing - a chilly first week of winter at the latest auctions

Housing values becalmed in May according to the Cotality Home Value Index

Housing values becalmed in May according to the Cotality Home Value Index

Homes for sale on Realestate.co.nz at 12-year high for the month of May while asking prices declined for the third consecutive month

Homes for sale on Realestate.co.nz at 12-year high for the month of May while asking prices declined for the third consecutive month

ANZ NZ says short term mortgage rates are cheaper but the certainty provided by longer term rates has value in the current economic climate because 'things could change quickly'

ANZ NZ says short term mortgage rates are cheaper but the certainty provided by longer term rates has value in the current economic climate because 'things could change quickly'

A huge overhang of unsold properties does not bode well for the housing market this winter

A huge overhang of unsold properties does not bode well for the housing market this winter

The number of properties selling under the hammer dropped below a third at the latest residential property auctions

The number of properties selling under the hammer dropped below a third at the latest residential property auctions

House prices and sales volumes both declined in April - Auckland market particularly soft: REINZ April data

House prices and sales volumes both declined in April - Auckland market particularly soft: REINZ April data

More homes selling under the hammer at the latest residential property auctions

More homes selling under the hammer at the latest residential property auctions