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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Just over half the properties selling under the hammer at Barfoot & Thompson's auctions
The housing market may be at a turning point with prices at the bottom of the market declining in April
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The housing market may be at a turning point with prices at the bottom of the market declining in April
Activity in the Auckland CBD apartment market increases, but units in buildings with problems are selling at bargain basement prices
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Activity in the Auckland CBD apartment market increases, but units in buildings with problems are selling at bargain basement prices
ANZ report says the border closure means housing supply is catching up with demand but there's still uncertainty over future immigration settings
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ANZ report says the border closure means housing supply is catching up with demand but there's still uncertainty over future immigration settings
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
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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
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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
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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
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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
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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
Net gain of NZ citizens and net loss of non-New Zealand citizens in the year to March, Statistics NZ says
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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
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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
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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
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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
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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
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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
Tony Alexander/REINZ survey suggests less FOMO and more FOOP among buyers as housing market starts to cool
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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
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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
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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
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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
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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
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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
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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