Real Estate
The average auction sales rate has hovered around 40% for the last six weeks
The slump in residential building may have hit the bottom but costs have hit a record high
1st Aug 25, 12:16pm
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The slump in residential building may have hit the bottom but costs have hit a record high
Average asking prices in Auckland down for five consecutive months, with drop of $112,805 since February
1st Aug 25, 8:00am
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Average asking prices in Auckland down for five consecutive months, with drop of $112,805 since February
Latest Reserve Bank figures show that even as mortgage rates come down, the amount of non-performing housing loans is still going up, now getting close to $2.5 billion worth
31st Jul 25, 3:47pm
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Latest Reserve Bank figures show that even as mortgage rates come down, the amount of non-performing housing loans is still going up, now getting close to $2.5 billion worth
The latest auctions had the lowest number of properties on offer since the three day week between Easter and Anzac weekend - sales rate dropped to 38%
26th Jul 25, 6:36am
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The latest auctions had the lowest number of properties on offer since the three day week between Easter and Anzac weekend - sales rate dropped to 38%
ANZ economists expect three further rate cuts to take the OCR to 2.5% in February, although the effect on house prices will be "less potent" than in previous interest rate declines
25th Jul 25, 8:15am
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ANZ economists expect three further rate cuts to take the OCR to 2.5% in February, although the effect on house prices will be "less potent" than in previous interest rate declines
The estimated average price paid by first home buyers in June was $682,000
Latest Reserve Bank figures show that some 30% of 'new' mortgage commitments in the past month were due to customers changing loan providers
23rd Jul 25, 3:50pm
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Latest Reserve Bank figures show that some 30% of 'new' mortgage commitments in the past month were due to customers changing loan providers
Residential auction sales rate tops 40% for only the third time this year
REINZ House Price Index and sales volumes both took a dive in June
The national median rent declined by $5 a week in May compared to April, while the number of properties newly tenanted was at a four year high for the month of May
14th Jul 25, 12:13pm
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The national median rent declined by $5 a week in May compared to April, while the number of properties newly tenanted was at a four year high for the month of May
Fewer properties being auctioned - sales rate reasonably flat at 39%
The number of properties listed for rent last month was at an eight year high for the month of June
10th Jul 25, 7:18am
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The number of properties listed for rent last month was at an eight year high for the month of June
Vendors lowering their price expectations on Trade Me Property as buyers have plenty of choice and properties take longer to sell
8th Jul 25, 9:45am
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Vendors lowering their price expectations on Trade Me Property as buyers have plenty of choice and properties take longer to sell
QV says some Auckland buyers are trying their luck by making "cheeky offers" in the current market
8th Jul 25, 7:41am
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QV says some Auckland buyers are trying their luck by making "cheeky offers" in the current market