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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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
Auction activity slowing as the market heads towards its last gasp before the Christmas break
Record numbers of New Zealanders moving overseas keeping a lid on net migration gains
Inflation almost disappearing from residential and commercial construction costs
Just under 200,000 people currently in New Zealand on work visas
'There's very little to suggest that house prices will suddenly take off any time soon,' says QV
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'There's very little to suggest that house prices will suddenly take off any time soon,' says QV
Rents and the number of rental properties being tenanted are both as flat as a pancake
Just over a third selling under the hammer at the latest residential auctions
Home ownership rates are increasing while renting is declining, according to census data
Housing market in a holding pattern, CoreLogic says, with different factors pushing the market in opposite directions
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Housing market in a holding pattern, CoreLogic says, with different factors pushing the market in opposite directions
Average asking price of homes for sale on Realestate.co.nz dropped by almost $29,000 in October while stock levels were at an almost 10-year high
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Average asking price of homes for sale on Realestate.co.nz dropped by almost $29,000 in October while stock levels were at an almost 10-year high
Barfoot & Thompson's sales and selling prices both headed higher in November but the agency has a mountain of stock to deal with
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Barfoot & Thompson's sales and selling prices both headed higher in November but the agency has a mountain of stock to deal with
Annual value of new residential construction being consented down $5b over the last two years
More first home buyers are purchasing a home of their own and they're paying more for them and borrowing more
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More first home buyers are purchasing a home of their own and they're paying more for them and borrowing more
Overall auction sales rate stays in the mid-30% range as Christmas looms large