About
Greg Ninness is the Property Editor of interest.co.nz. He has worked as a business journalist since 1990 and covered the commercial and residential property markets since 2005.
Greg Ninness
Latest articles
The percentage of residential properties selling at a loss has increased to 13% from less than 1% in 2022, Cotality says
9
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
25
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
Realestate.co.nz says vendors need to price their properties to meet the current market rather than hold out for 2021 prices
26
Realestate.co.nz says vendors need to price their properties to meet the current market rather than hold out for 2021 prices
Latest building consent figures suggest a move towards building cheaper commercial properties
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
New home volumes being completed in Auckland are almost back to where they were four years ago before the recent residential construction boom
3
New home volumes being completed in Auckland are almost back to where they were four years ago before the recent residential construction boom
Although it fell year-on-year, New Zealanders were still charged $4.8 billion of interest on residential mortgages in Q2 this year
9
Although it fell year-on-year, New Zealanders were still charged $4.8 billion of interest on residential mortgages in Q2 this year
Just over half the mortgages approved to first home buyers in June were low equity loans
First home buyers may be in a sweet spot with the REINZ's lower quartile selling price now lower than it was five years ago
8
First home buyers may be in a sweet spot with the REINZ's lower quartile selling price now lower than it was five years ago
Auction room temperatures drop as the number of properties on offer sinks to a three year low
Fee paying overseas students and the children of foreign workers attending NZ schools both showing strong growth
3
Fee paying overseas students and the children of foreign workers attending NZ schools both showing strong growth
BNZ chief economist expects floating mortgage rates to hit 7% next year, house prices to remain flat this year, maybe rise 3% next year
13
BNZ chief economist expects floating mortgage rates to hit 7% next year, house prices to remain flat this year, maybe rise 3% next year
Real estate industry's residential sales commission dropped in the second quarter
June's housing market suggested many vendors are becoming more realistic on price which could help sales numbers
4
June's housing market suggested many vendors are becoming more realistic on price which could help sales numbers
Winter weather and school holidays see auction activity remain at its annual low point
The national median rent increased by $5 a week in the year to May, declined by $5 in Wellington and was unchanged in Auckland and Canterbury
2
The national median rent increased by $5 a week in the year to May, declined by $5 in Wellington and was unchanged in Auckland and Canterbury
Auckland and the West Coast recorded the biggest drops in average asking prices on Trade Me Property over winter
17
Auckland and the West Coast recorded the biggest drops in average asking prices on Trade Me Property over winter
The popularity of floating rate mortgages continues to decline as interest rates rise
The popularity of floating rate mortgages continues to decline as interest rates rise
House prices down, sales numbers down as housing market contracts in June - REINZ
Estimated net migration turned negative in May as more people left the country long term than arrived
14
Estimated net migration turned negative in May as more people left the country long term than arrived