Greg Ninness

Westpac almost doubles its forecast for house price growth this year to 11.5%, but warns there could be consequences with new mortgage lending restrictions possible

Westpac almost doubles its forecast for house price growth this year to 11.5%, but warns there could be consequences with new mortgage lending restrictions possible

Prices at Harcourts' Auckland auctions ranged from $240,000 for a 1 brm unit in Mt Wellington to $3m for an Epsom pad, plus results from Hamilton, Christchurch, Wellington and Blenheim

Prices at Harcourts' Auckland auctions ranged from $240,000 for a 1 brm unit in Mt Wellington to $3m for an Epsom pad, plus results from Hamilton, Christchurch, Wellington and Blenheim

The REINZ's median house price smashed all records in many parts of the country last month

The REINZ's median house price smashed all records in many parts of the country last month

Bayleys auction prices started at $175,000 for a three bedroom house on a large section near Matamata

Bayleys auction prices started at $175,000 for a three bedroom house on a large section near Matamata

There was plenty of competitive bidding at the latest Ray White apartment auction with 8 out of 10 selling under the hammer

There was plenty of competitive bidding at the latest Ray White apartment auction with 8 out of 10 selling under the hammer

Numbers of households renting up 25% in last 10 years, while owner-occupiers up just 4.2%

Numbers of households renting up 25% in last 10 years, while owner-occupiers up just 4.2%

City Sales sold six out of seven apartments at auction; Colliers sells range of commercial properties with yields as low as 4.7%

City Sales sold six out of seven apartments at auction; Colliers sells range of commercial properties with yields as low as 4.7%

QV's latest figures show values remain flat in Auckland but up strongly in Wellington, Tauranga and Hamilton

QV's latest figures show values remain flat in Auckland but up strongly in Wellington, Tauranga and Hamilton

Barfoot & Thompson's median selling price back up to just under the record high set in December, sales volumes also up strongly in March

Barfoot & Thompson's median selling price back up to just under the record high set in December, sales volumes also up strongly in March

Harcourts sold 74% of their Auckland auction properties last week, 67% in Hamilton, 63% in Christchurch

Harcourts sold 74% of their Auckland auction properties last week, 67% in Hamilton, 63% in Christchurch

Bayleys sold three quarters of their Auckland auction properties and two thirds in Hamilton

Bayleys sold three quarters of their Auckland auction properties and two thirds in Hamilton

Ray White City Apartments sold half of their latest offerings under the hammer at this week's auction

Ray White City Apartments sold half of their latest offerings under the hammer at this week's auction

Government pushes ahead with efficiency programme to outsource more advisory roles

Government pushes ahead with efficiency programme to outsource more advisory roles

Harcourts sold 80% of their Auckland and Wellington auction properties in the week before Easter, two thirds in Hamilton and Christchurch

Harcourts sold 80% of their Auckland and Wellington auction properties in the week before Easter, two thirds in Hamilton and Christchurch

There was a big jump in new dwelling consents in Auckland, Waikato, Bay of Plenty and Otago last month, while Canterbury and Wellington were more subdued

There was a big jump in new dwelling consents in Auckland, Waikato, Bay of Plenty and Otago last month, while Canterbury and Wellington were more subdued

Bayleys had a smaller than usual auction offering last week but there wasn't much left for sale afterwards

Bayleys had a smaller than usual auction offering last week but there wasn't much left for sale afterwards

There was spirited bidding on most of the apartments at the latest Ray White Auckland auction

There was spirited bidding on most of the apartments at the latest Ray White Auckland auction

Home Loan Affordability Report: House prices increasing so much in Auckland they risk creating an economic underclass that doesn't exist in other parts of the country

Home Loan Affordability Report: House prices increasing so much in Auckland they risk creating an economic underclass that doesn't exist in other parts of the country

Latest results from the auction rooms include seven Auckland apartments and two North Shore warehouse/office units

Latest results from the auction rooms include seven Auckland apartments and two North Shore warehouse/office units

S&P affirms NZ's AA credit rating citing our 'resilient economy' but sees downside with high household and diary farm debt

S&P affirms NZ's AA credit rating citing our 'resilient economy' but sees downside with high household and diary farm debt

Harcourts sold between 60% and 68% of homes at last week's auctions

Harcourts sold between 60% and 68% of homes at last week's auctions

Rents on Trade Me Property flat in Auckland and Christchurch, down in Wellington

Rents on Trade Me Property flat in Auckland and Christchurch, down in Wellington

S&P thinks NZ house price growth will slow and eventually start to drop and warns of pressures on banks if prices keep rising

S&P thinks NZ house price growth will slow and eventually start to drop and warns of pressures on banks if prices keep rising

Net migration surges to yet another record high of 67,391 in February year as long term arrivals keep rising, departures stabilise

Net migration surges to yet another record high of 67,391 in February year as long term arrivals keep rising, departures stabilise

A couple of Auckland homes cracked the $3 million mark at Bayleys' latest auctions

A couple of Auckland homes cracked the $3 million mark at Bayleys' latest auctions