Greg Ninness

Two new COVID-19 cases arrived on Air NZ flight from Brisbane and were in quarantine at Novotel Ellerslie in Auckland before driving to Wellington

Two new COVID-19 cases arrived on Air NZ flight from Brisbane and were in quarantine at Novotel Ellerslie in Auckland before driving to Wellington

There was a 38% sales rate at Barfoot & Thompson's auctions last week compared to 64% in the last week of May

There was a 38% sales rate at Barfoot & Thompson's auctions last week compared to 64% in the last week of May

Most of the people who arrived in this country long term in April were returning New Zealand citizens

Most of the people who arrived in this country long term in April were returning New Zealand citizens

The REINZ national median selling price dropped from $680,000 in April to $620,000 in May

The REINZ national median selling price dropped from $680,000 in April to $620,000 in May

There was no shortage of bids at the latest Auckland apartment auctions but buyers were very cautious on price

There was no shortage of bids at the latest Auckland apartment auctions but buyers were very cautious on price

Although the number of properties being auctioned is still increasing the rate of growth is slowing as the market starts returning to normal

Although the number of properties being auctioned is still increasing the rate of growth is slowing as the market starts returning to normal

Businesses face some hard decisions as we emerge into the post-lockdown world - including the toughest decision of all, says Greg Ninness

Businesses face some hard decisions as we emerge into the post-lockdown world - including the toughest decision of all, says Greg Ninness

A surge of properties offered at auction wasn't matched by the rise in sales at Barfoot & Thompson's auction rooms

A surge of properties offered at auction wasn't matched by the rise in sales at Barfoot & Thompson's auction rooms

NZ Mortgages & Securities says it has plenty of money to lend but is looking for residential developers with suitable projects to lend it to

NZ Mortgages & Securities says it has plenty of money to lend but is looking for residential developers with suitable projects to lend it to

The COVID-19 lockdown appears to have had a bigger impact on commercial building projects than residential construction

The COVID-19 lockdown appears to have had a bigger impact on commercial building projects than residential construction

Auction activity is still gathering pace but the number of auction sales is higher than it was a year ago

Auction activity is still gathering pace but the number of auction sales is higher than it was a year ago

Barfoot & Thompson's sales volumes halved in May compared to a year ago but new listings suggest the market is returning to normal as lockdown restrictions are eased

Barfoot & Thompson's sales volumes halved in May compared to a year ago but new listings suggest the market is returning to normal as lockdown restrictions are eased

QV says housing values have already come down from recent highs but it will be several months before we see the full effect of the COVID-19 pandemic on prices

QV says housing values have already come down from recent highs but it will be several months before we see the full effect of the COVID-19 pandemic on prices

Building consents for commercial buildings dropped much more sharply in April than consents for new dwellings

Building consents for commercial buildings dropped much more sharply in April than consents for new dwellings

New listings on realestate.co.nz bounced back strongly in May but the national average asking price fell sharply

New listings on realestate.co.nz bounced back strongly in May but the national average asking price fell sharply

At recent Auckland apartment auctions there were plenty of potential buyers and they weren't afraid to bid but everything that sold went for less than its rating valuation

At recent Auckland apartment auctions there were plenty of potential buyers and they weren't afraid to bid but everything that sold went for less than its rating valuation

Although auction numbers are still well down on where they were at this time last year, the sales ratio is higher

Although auction numbers are still well down on where they were at this time last year, the sales ratio is higher

RBNZ says the banks have $40 billion of loans on commercial property with $5 billion of that in development projects

RBNZ says the banks have $40 billion of loans on commercial property with $5 billion of that in development projects

Westpac report says residential construction activity likely to fall 20% next year, commercial construction to be down 15%

Westpac report says residential construction activity likely to fall 20% next year, commercial construction to be down 15%

The removal of LVR restrictions on new mortgage lending probably won't be much help to first home buyers in high priced areas like Auckland, Bay of Plenty, Wellington and Nelson

The removal of LVR restrictions on new mortgage lending probably won't be much help to first home buyers in high priced areas like Auckland, Bay of Plenty, Wellington and Nelson

Auction numbers may still be low but there are plenty of bidders out there and properties are selling although results are mixed

Auction numbers may still be low but there are plenty of bidders out there and properties are selling although results are mixed

ANZ report affirms forecast of 10% to 15% fall in house prices this year but warns there's a risk they could fall by more, says commercial property market likely to be even more badly affected

ANZ report affirms forecast of 10% to 15% fall in house prices this year but warns there's a risk they could fall by more, says commercial property market likely to be even more badly affected

Farm sales numbers savaged during the April lockdown but prices not so badly affected

Farm sales numbers savaged during the April lockdown but prices not so badly affected

Hotel industry's recovery could be hampered by up 4200 new rooms under construction, mostly in Auckland and Queenstown

Hotel industry's recovery could be hampered by up 4200 new rooms under construction, mostly in Auckland and Queenstown

Migrant visa approval numbers hammered in April but the number of migrants in the country on work, student and residence visas remained fairly stable

Migrant visa approval numbers hammered in April but the number of migrants in the country on work, student and residence visas remained fairly stable