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
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Just over 34,000 new homes consented in year to August, up 1.3% compared to previous 12 months
Just over 34,000 new homes consented in year to August, up 1.3% compared to previous 12 months
The mountain of housing stock for sale continues to get bigger - still a buyer's market in September
The number of homes for sale is at an 11 year high leaving buyers in charge as the spring market gets underway
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The number of homes for sale is at an 11 year high leaving buyers in charge as the spring market gets underway
Residential building completions in Auckland are down by 21.5% compared to last year's peak but the slump continues to flatten
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Residential building completions in Auckland are down by 21.5% compared to last year's peak but the slump continues to flatten
Fewer properties on offer at the latest auctions and fewer sold under the hammer
Almost 45% of mortgages approved to first home buyers in August were low equity loans
ANZ's economists are picking shorter term interest rates to go lower but warn the easing cycle won't last forever
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ANZ's economists are picking shorter term interest rates to go lower but warn the easing cycle won't last forever
Property values largely stagnant over the last three months and it's hard to envisage a strong lift in values in the near term, Cotality says
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Property values largely stagnant over the last three months and it's hard to envisage a strong lift in values in the near term, Cotality says
First home buyers benefitting from the convergence of falling mortgage rates, lower house prices and slowly rising incomes
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First home buyers benefitting from the convergence of falling mortgage rates, lower house prices and slowly rising incomes
More properties on offer at the latest auctions but no change in the sales rate
Residential rents are flat or falling in most parts of the country giving landlords little to cheer about
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Residential rents are flat or falling in most parts of the country giving landlords little to cheer about
Investors are facing some lacklustre returns from residential property in the absence of capital gains
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Investors are facing some lacklustre returns from residential property in the absence of capital gains
High stock levels and large number of properties being withdrawn from sale suggest buyers remain firmly in control of the housing market
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High stock levels and large number of properties being withdrawn from sale suggest buyers remain firmly in control of the housing market
REINZ's August sales numbers and median prices both dropped month-on-month
Auction rooms busier but fewer properties selling under the hammer
Housing market to remain subdued this year before house price rises next year, Westpac economist Kelly Eckhold says
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Housing market to remain subdued this year before house price rises next year, Westpac economist Kelly Eckhold says
Cotality says supply of housing has overtaken population growth in some parts of NZ, contributing to downward pressure on property values
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Cotality says supply of housing has overtaken population growth in some parts of NZ, contributing to downward pressure on property values
Net population gain from migration down to 13,066 in 12 months to July this year from 115,785 in July 2023 year
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Net population gain from migration down to 13,066 in 12 months to July this year from 115,785 in July 2023 year
Average asking prices on Trade Me Property declined by $41,100 over autumn/winter - Auckland asking prices down by $72,700
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Average asking prices on Trade Me Property declined by $41,100 over autumn/winter - Auckland asking prices down by $72,700
QV says Nelson and Wellington leading the way as housing market slump deepens
Residential property auction activity struggling to shrug off winter
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'
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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
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