Real Estate
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
Residential auction activity at its lowest level since August 2023
Barfoot & Thompson's sales dipped lower and prices moved sideways in July
More than 40,000 new homes consented in year to June, up 19% on previous year
42% sold at the latest residential property auctions
House buyers hold the balance of power when it comes to pricing, Cotality says
ANZ report says housing market softened mid-year with investors particularly cautious
Just over half the mortgages approved to first home buyers in June were low equity loans
Auction room temperatures drop as the number of properties on offer sinks to a three year low
BNZ chief economist expects floating mortgage rates to hit 7% next year, house prices to remain flat this year, maybe rise 3% next year
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BNZ chief economist expects floating mortgage rates to hit 7% next year, house prices to remain flat this year, maybe rise 3% next year