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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The latest figures suggest the housing market will continue stagnating over winter with too much stock on offer and not enough buyers
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The latest figures suggest the housing market will continue stagnating over winter with too much stock on offer and not enough buyers
Building industry still doing it tough but firms worry about a shortage of skilled staff and apprentices when things pick up again
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Building industry still doing it tough but firms worry about a shortage of skilled staff and apprentices when things pick up again
REINZ House Price Index and sales volumes both took a dive in June
The national median rent declined by $5 a week in May compared to April, while the number of properties newly tenanted was at a four year high for the month of May
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The national median rent declined by $5 a week in May compared to April, while the number of properties newly tenanted was at a four year high for the month of May
Fewer properties being auctioned - sales rate reasonably flat at 39%
Population gain from migration down by 81.5% in year to May compared to previous 12 months
The number of properties listed for rent last month was at an eight year high for the month of June
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The number of properties listed for rent last month was at an eight year high for the month of June
Residential construction cost inflation was 2.7% in year to June, down from the 10.4% peak in 2022
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Residential construction cost inflation was 2.7% in year to June, down from the 10.4% peak in 2022
Vendors lowering their price expectations on Trade Me Property as buyers have plenty of choice and properties take longer to sell
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Vendors lowering their price expectations on Trade Me Property as buyers have plenty of choice and properties take longer to sell
QV says some Auckland buyers are trying their luck by making "cheeky offers" in the current market
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QV says some Auckland buyers are trying their luck by making "cheeky offers" in the current market
Auction activity is settling into its winter groove - 41% of properties sold under the hammer at the latest auctions
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Auction activity is settling into its winter groove - 41% of properties sold under the hammer at the latest auctions
New dwelling completions in Auckland flatlined in March and April suggesting the building slump may have hit the bottom
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New dwelling completions in Auckland flatlined in March and April suggesting the building slump may have hit the bottom
Median dwelling values flat in Auckland and Wellington, up in Hamilton, Tauranga, Christchurch and Dunedin
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Median dwelling values flat in Auckland and Wellington, up in Hamilton, Tauranga, Christchurch and Dunedin
Barfoot & Thompson's June stock levels hit a 17 year high last month giving buyers plenty of choice
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Barfoot & Thompson's June stock levels hit a 17 year high last month giving buyers plenty of choice
The value of construction work consented declined by just over $1 billion in year to May compared to previous 12 months
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The value of construction work consented declined by just over $1 billion in year to May compared to previous 12 months
Stock levels high, asking prices down on Realestate.co.nz in June
The average price first home buyers are paying for a home has hardly moved since October last year but record numbers are taking out low equity loans
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The average price first home buyers are paying for a home has hardly moved since October last year but record numbers are taking out low equity loans
Numbers up a tad at the latest auctions compared to the previous short week, with 39% selling under the hammer
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Numbers up a tad at the latest auctions compared to the previous short week, with 39% selling under the hammer
The value gap between three and four bedroom homes has declined over the last year
Government and Auckland Council changing zoning laws to allow high rise development in several inner Auckland suburbs
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Government and Auckland Council changing zoning laws to allow high rise development in several inner Auckland suburbs
ANZ and BNZ economists both downgrade their 2025 house price forecasts, expect stronger increases next year
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ANZ and BNZ economists both downgrade their 2025 house price forecasts, expect stronger increases next year
Mortgage payments on cheaper homes are at their lowest level in almost four years
Just 35% of the Auckland properties that sold at auction achieved prices above or at least equal to new Rating Valuations
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Just 35% of the Auckland properties that sold at auction achieved prices above or at least equal to new Rating Valuations
Advertised rents are dropping around the country but are particularly weak in Wellington
The housing market has a large hump of unsold stock to overcome over winter