Greg Ninness

The sales rate in Barfoot & Thompson's auction rooms has settled at just over 50% during autumn

The sales rate in Barfoot & Thompson's auction rooms has settled at just over 50% during autumn

Sales of farms and lifestyle blocks are running well ahead of last year with prices also on the rise

Sales of farms and lifestyle blocks are running well ahead of last year with prices also on the rise

Although some of the froth has come off the prices being achieved at auction over the last few weeks, there's nothing to suggest a major collapse in prices since changes to tax rules on residential investment properties were announced

Although some of the froth has come off the prices being achieved at auction over the last few weeks, there's nothing to suggest a major collapse in prices since changes to tax rules on residential investment properties were announced

The number of people in New Zealand on work or student visas has declined by 63,417 since its peak in February 2020

The number of people in New Zealand on work or student visas has declined by 63,417 since its peak in February 2020

Average nationwide rent on newly tenanted properties up 6.5%, but Auckland and Queenstown differ from the rest of New Zealand

Average nationwide rent on newly tenanted properties up 6.5%, but Auckland and Queenstown differ from the rest of New Zealand

The yields on residential investment property have declined considerably as rental growth fails to keep up with rising prices

The yields on residential investment property have declined considerably as rental growth fails to keep up with rising prices

The housing market is starting to settle in for winter as auction volumes decline

The housing market is starting to settle in for winter as auction volumes decline

Net gain of NZ citizens and net loss of non-New Zealand citizens in the year to March, Statistics NZ says

Net gain of NZ citizens and net loss of non-New Zealand citizens in the year to March, Statistics NZ says

The number of new homes being built in Auckland is at its highest level since records began in 2013

The number of new homes being built in Auckland is at its highest level since records began in 2013

House prices were particularly soft in Auckland in April, with prices heading down on the North Shore and in Central Auckland

House prices were particularly soft in Auckland in April, with prices heading down on the North Shore and in Central Auckland

The national median dwelling price declined by 1.8% in April but price movements were mixed around the country

The national median dwelling price declined by 1.8% in April but price movements were mixed around the country

The sales rate at property auctions has declined from about three quarters to just over half over the last three months

The sales rate at property auctions has declined from about three quarters to just over half over the last three months

The boom in the construction sector is not confined to housing, non-residential construction activity has also increased to record levels over the year to March

The boom in the construction sector is not confined to housing, non-residential construction activity has also increased to record levels over the year to March

Residential construction is booming with more than 40,000 new homes consented in year to March

Residential construction is booming with more than 40,000 new homes consented in year to March

Tony Alexander/REINZ survey suggests less FOMO and more FOOP among buyers as housing market starts to cool

Tony Alexander/REINZ survey suggests less FOMO and more FOOP among buyers as housing market starts to cool

Barfoot & Thompson had its best April sales since 2002 - average selling price above $1 million for seventh consecutive month

Barfoot & Thompson had its best April sales since 2002 - average selling price above $1 million for seventh consecutive month

Only four districts in Auckland have average housing values of less than $1 million with all of them in South Auckland

Only four districts in Auckland have average housing values of less than $1 million with all of them in South Auckland

Foreign buyers purchased 714 New Zealand homes in the year to March and sold 1473 over the same period

Foreign buyers purchased 714 New Zealand homes in the year to March and sold 1473 over the same period

Sales rates at major auctions have declined from 70%-plus at the peak of the summer selling season to around 50% now

Sales rates at major auctions have declined from 70%-plus at the peak of the summer selling season to around 50% now

The Government has asked the Productivity Commission to undertake a wide-ranging review of current immigration settings

The Government has asked the Productivity Commission to undertake a wide-ranging review of current immigration settings

Asking prices on Realestate.co.nz's portal declined by $18,340 (2.1%) in April suggesting a cooling housing market nationwide with new listings similar to 2019

Asking prices on Realestate.co.nz's portal declined by $18,340 (2.1%) in April suggesting a cooling housing market nationwide with new listings similar to 2019

There was a big drop in auction activity in the week of April 17-23 but the sales rate stayed above 50%

There was a big drop in auction activity in the week of April 17-23 but the sales rate stayed above 50%

Properties with development potential were particularly sought after at Bayleys' latest commercial property auction

Properties with development potential were particularly sought after at Bayleys' latest commercial property auction

CoreLogic expects housing market to cool but says speculation that changes to tax rules for residential property investors will force up rents is probably unfounded

CoreLogic expects housing market to cool but says speculation that changes to tax rules for residential property investors will force up rents is probably unfounded

Overall sales rate of 52% at Barfoot & Thompson's auctions last week

Overall sales rate of 52% at Barfoot & Thompson's auctions last week