Greg Ninness

Barfoot & Thompson is continuing to auction twice as many properties as it did at this time last year

Barfoot & Thompson is continuing to auction twice as many properties as it did at this time last year

The real estate industry has just had its best June sales in four years

The real estate industry has just had its best June sales in four years

The popularity of smaller commercial properties is keeping their net yields under 5% and they may even go a bit lower

The popularity of smaller commercial properties is keeping their net yields under 5% and they may even go a bit lower

Eight out of 10 apartments passed in at auction suggests significant differences between vendors' and buyers' price expectations

Eight out of 10 apartments passed in at auction suggests significant differences between vendors' and buyers' price expectations

More than twice as many homes were sold at auction in the first week of July as in the same week last year

More than twice as many homes were sold at auction in the first week of July as in the same week last year

QV House Price Index shows property values have flattened out but it's too early to say if they are at the edge of a cliff or will start to rise again

QV House Price Index shows property values have flattened out but it's too early to say if they are at the edge of a cliff or will start to rise again

Sales rates ranged from 45% to 100% at Barfoot & Thompson's auctions last week

Sales rates ranged from 45% to 100% at Barfoot & Thompson's auctions last week

Since March the number of people leaving this country has exceeded those arriving by a substantial margin

Since March the number of people leaving this country has exceeded those arriving by a substantial margin

The sales rate at residential auctions has settled around 50%, prices look reasonably steady

The sales rate at residential auctions has settled around 50%, prices look reasonably steady

Two-thirds of real estate agents think house prices will fall, a quarter think they'll fall by more than 10%

Two-thirds of real estate agents think house prices will fall, a quarter think they'll fall by more than 10%

Barfoot & Thompson sold more homes in June than it did in June last year as Auckland property market recovers from lockdown

Barfoot & Thompson sold more homes in June than it did in June last year as Auckland property market recovers from lockdown

Consents for 3554 new homes were issued in May, the highest number since May last year

Consents for 3554 new homes were issued in May, the highest number since May last year

June listings on Realestate.co.nz were up 20% compared to June last year while asking prices were sliding

June listings on Realestate.co.nz were up 20% compared to June last year while asking prices were sliding

Steady auction activity suggests the housing market is settling into normal winter trading

Steady auction activity suggests the housing market is settling into normal winter trading

Two thirds of the commercial properties offered at Bayleys' Auckland auction didn't receive any bids

Two thirds of the commercial properties offered at Bayleys' Auckland auction didn't receive any bids

Apartments with remediation issues are fetching particularly low prices - one sold for just $35,000 while another with a declared reserve of just one dollar was passed in

Apartments with remediation issues are fetching particularly low prices - one sold for just $35,000 while another with a declared reserve of just one dollar was passed in

Consistent sales rates around 50% being achieved at residential property auctions

Consistent sales rates around 50% being achieved at residential property auctions

House prices at the bottom end of the market have declined 7.3% from their March peak, while mortgage interest rates continue to slide

House prices at the bottom end of the market have declined 7.3% from their March peak, while mortgage interest rates continue to slide

Sales on half the properties at Barfoot & Thompson's auctions last week

Sales on half the properties at Barfoot & Thompson's auctions last week

The number of Code Compliance Certificates issued for new dwellings in Auckland took a dip in April but was still up on April last year

The number of Code Compliance Certificates issued for new dwellings in Auckland took a dip in April but was still up on April last year

Although the Unitec site is listed for fast track consenting this is just a small part of the project. The full development is expected to take 10 to 15 years to be fully complete

Although the Unitec site is listed for fast track consenting this is just a small part of the project. The full development is expected to take 10 to 15 years to be fully complete

The number of work and residency visas being issued is picking up again but new student visas are almost non-existent

The number of work and residency visas being issued is picking up again but new student visas are almost non-existent

Farm sales hit by lockdown and drought but there are some positives with a favourable exchange rate, low interest rates and reasonable prices for dairy, lamb, beef and horticultural products

Farm sales hit by lockdown and drought but there are some positives with a favourable exchange rate, low interest rates and reasonable prices for dairy, lamb, beef and horticultural products

The number of residential auctions is rising at a faster pace than auction sales, which means the auction sales rate is declining

The number of residential auctions is rising at a faster pace than auction sales, which means the auction sales rate is declining

House prices have been trending down since they peaked in March, Westpac economist says the decline will be worse than the recessions of the 1990s

House prices have been trending down since they peaked in March, Westpac economist says the decline will be worse than the recessions of the 1990s