Greg Ninness

Auckland's residential construction industry may have to increase capacity by 20% over the next two years to keep pace with the number of new homes being consented

Auckland's residential construction industry may have to increase capacity by 20% over the next two years to keep pace with the number of new homes being consented

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

Almost 40,000 new homes consented in May year, a 19% increase year-on-year

Almost 40,000 new homes consented in May year, a 19% increase year-on-year

Barfoot & Thompson had strongest June sales since 2021 but the median selling price fell $40,000 from May

Barfoot & Thompson had strongest June sales since 2021 but the median selling price fell $40,000 from May

Housing market still in buyers' favour, little chance of runaway prices anytime soon, Cotality says

Housing market still in buyers' favour, little chance of runaway prices anytime soon, Cotality says

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

Businesses more confident as inflation expectations decline, ANZ Business Outlook Survey shows

Businesses more confident as inflation expectations decline, ANZ Business Outlook Survey shows

Builders get some relief as lower diesel prices help stabilise rising construction costs according to QV CostBuilder

Builders get some relief as lower diesel prices help stabilise rising construction costs according to QV CostBuilder

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 money is being spent on residential building alteration work, non-residential work more resilient

Less money is being spent on residential building alteration work, non-residential work more resilient

Prospective first home buyers in Auckland, Tauranga and Kapiti are caught between not being able to scrape together a 20% deposit and being unable to afford the repayments on a low equity loan

Prospective first home buyers in Auckland, Tauranga and Kapiti are caught between not being able to scrape together a 20% deposit and being unable to afford the repayments on a low equity loan

The number of properties being offered at auction is dropping as fast as the outside temperature on a cold winter's night

The number of properties being offered at auction is dropping as fast as the outside temperature on a cold winter's night

Older people aged 60-plus along with children and teenagers made up just over a third of all residency approvals in the May year

Older people aged 60-plus along with children and teenagers made up just over a third of all residency approvals in the May year

Vendors taking their properties off the market helped push down the volume of unsold housing stock in May

Vendors taking their properties off the market helped push down the volume of unsold housing stock in May

Housing sales slumped and prices eased slightly in May according to the REINZ

Housing sales slumped and prices eased slightly in May according to the REINZ

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

Population growth from migration up strongly with the number of New Zealanders migrating overseas declining

Population growth from migration up strongly with the number of New Zealanders migrating overseas declining

Prospective tenants have plenty of properties to choose from with vacant rental stock remaining elevated

Prospective tenants have plenty of properties to choose from with vacant rental stock remaining elevated

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

Mortgage top ups accounted for nearly half of new mortgage approvals in April

Mortgage top ups accounted for nearly half of new mortgage approvals in April

New Zealand's average dwelling value up 0.3% to $912,190 in three months to May, QV says

New Zealand's average dwelling value up 0.3% to $912,190 in three months to May, QV says

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

Diesel costs declined 18.9% in May but that wasn't enough to offset other price rises in the building industry with some costs increasing by 25% according to QV CostBuilder

Diesel costs declined 18.9% in May but that wasn't enough to offset other price rises in the building industry with some costs increasing by 25% according to QV CostBuilder