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
Home loan affordability improved significantly for first home buyers in 2024 thanks to three key factors
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Home loan affordability improved significantly for first home buyers in 2024 thanks to three key factors
Fewer new homes being built in Auckland but they are nowhere near the bottom yet
Value of building work for new housing dropped almost $5 billion last year versus 2022 peak
Prices down and stock levels rising as 2025 gets underway for Barfoot & Thompson
Total stock of homes for sale hits 9-year high for the time of year, putting buyers in an even stronger position for 2025
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Total stock of homes for sale hits 9-year high for the time of year, putting buyers in an even stronger position for 2025
Sales rate at January auctions nudged past 50% for the first time since July 2023
CoreLogic House Value Index declined by just 0.07% nationally in January
Vendors paid an estimated $1.77 billion in residential real estate sales commissions last year
Buyers remained very cautious on price at the latest property auctions
Median asking rents in Auckland, BoP declined 1.5% in December according to Trade Me Property
Record departures still being offset by migration gains with NZ population up 30k in November year
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Record departures still being offset by migration gains with NZ population up 30k in November year
Buyers likely to retain the whip hand as the housing market heads into 2025
REINZ says December was especially quiet and buyers had plenty to choose from as housing inventory surged
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REINZ says December was especially quiet and buyers had plenty to choose from as housing inventory surged
QV says average housing values declined by just 0.3% last year with prices remaining 'relatively static'
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QV says average housing values declined by just 0.3% last year with prices remaining 'relatively static'
Residential rents have generally settled at levels slightly below their record highs
There was a 30% drop in buyer interest on Trade Me Property in December
There were almost 190,000 overseas workers and 59,000 overseas students in this country at the end of last year
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There were almost 190,000 overseas workers and 59,000 overseas students in this country at the end of last year
The home ownership rate has dropped from 74% of total housing stock in Q1 1991, to 67% in Q4 2024.
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The home ownership rate has dropped from 74% of total housing stock in Q1 1991, to 67% in Q4 2024.
Fewer homes are being built and they are taking longer on average to be completed
The number of new homes being consented has declined by a third over the last two years
Falling house prices at the bottom of the market and lower mortgage rates improve affordability for first home buyers
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Falling house prices at the bottom of the market and lower mortgage rates improve affordability for first home buyers
Although more properties were auctioned in 2024, the sales rate dropped to 35% from 40% in 2023
Trade Me Property says residential landlords may need to reduce their asking rents due to an oversupply of rental stock
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Trade Me Property says residential landlords may need to reduce their asking rents due to an oversupply of rental stock
Unsold residential properties are sitting on the market for longer rather than being removed from sale
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Unsold residential properties are sitting on the market for longer rather than being removed from sale
November housing market quiet in Auckland, more buoyant in rest of the country, REINZ says