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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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
There was a big drop in auction activity in the week of April 17-23 but the sales rate stayed above 50%
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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
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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
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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
Sales of farms and lifestyle blocks are both well up compared to this time last year
Sales of farms and lifestyle blocks are both well up compared to this time last year
The number of properties being sold at auction exceeds the number being passed in by the barest of margins
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The number of properties being sold at auction exceeds the number being passed in by the barest of margins
The opening bid for a waterfront apartment in downtown Auckland was just $500 and it sold under the hammer for $5000
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The opening bid for a waterfront apartment in downtown Auckland was just $500 and it sold under the hammer for $5000
Current market conditions make moving up the property ladder an extremely affordable proposition for existing home owners, Interest.co.nz's Home Loan Affordability Report shows
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Current market conditions make moving up the property ladder an extremely affordable proposition for existing home owners, Interest.co.nz's Home Loan Affordability Report shows
The real estate industry a big time winner from the Reserve Bank's strategy of forcing down interest rates to record lows
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The real estate industry a big time winner from the Reserve Bank's strategy of forcing down interest rates to record lows
The overall sales rate at Barfoot & Thompson's auction has declined for five weeks in a row
Auction room activity is cooling as the housing market heads out of the peak selling season
House price growth has been greatest in Wellington and Hawke's Bay over the March year
Housing market heading for the stratosphere as prices and sales volumes rocket up
Auckland's residential building boom continues, with new homes completed in February up 36% compared to a year earlier
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Auckland's residential building boom continues, with new homes completed in February up 36% compared to a year earlier