Property

The building industry contracted by $3.571 billion in the year to June

The building industry contracted by $3.571 billion in the year to June

Cotality says caution dominates the housing market, and it's 'unlikely people will be rushing out to bid up house prices aggressively over the rest of 2025'

Cotality says caution dominates the housing market, and it's 'unlikely people will be rushing out to bid up house prices aggressively over the rest of 2025'

The 1208 new homes completed in Auckland in June was down 8.6% year-on-year

The 1208 new homes completed in Auckland in June was down 8.6% year-on-year

Barfoot & Thompson's sales dip slightly in August - stock levels remain high

Barfoot & Thompson's sales dip slightly in August - stock levels remain high

Average residential construction costs increased by just 1.2% in 12 months to August according to QV Costbuilder

Average residential construction costs increased by just 1.2% in 12 months to August according to QV Costbuilder

Residential building slump appears to have bottomed out in 12 months to July - fewer townhouses/home units being built and more apartments

Residential building slump appears to have bottomed out in 12 months to July - fewer townhouses/home units being built and more apartments

A jump in new listings on Realestate.co.nz keeps total stock levels at an 11 year high at the start of spring

A jump in new listings on Realestate.co.nz keeps total stock levels at an 11 year high at the start of spring

Sales rate drops to 43% from 49% at the latest residential property auctions

Sales rate drops to 43% from 49% at the latest residential property auctions

Low equity mortgage lending to first home buyers is at record levels

Low equity mortgage lending to first home buyers is at record levels

ANZ economists expect the OCR to be cut to 2.5% by the end of the year but point to it going back up at some stage

ANZ economists expect the OCR to be cut to 2.5% by the end of the year but point to it going back up at some stage

First home buyers have benefited considerably from falling house prices and interest rates over the last few years

First home buyers have benefited considerably from falling house prices and interest rates over the last few years

The latest auctions achieved the highest overall sales rate in almost two years

The latest auctions achieved the highest overall sales rate in almost two years

Cotality says the rest of 2025 for the housing market may be just as subdued as the first 7-8 months of the year, despite Wednesday's OCR rate cut

Cotality says the rest of 2025 for the housing market may be just as subdued as the first 7-8 months of the year, despite Wednesday's OCR rate cut

Easing residential rents will be good news for tenants in most areas - not much fun for landlords

Easing residential rents will be good news for tenants in most areas - not much fun for landlords

House prices are languishing even as interest rates decline but sales volumes are holding up

House prices are languishing even as interest rates decline but sales volumes are holding up