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
Latest articles
Eight out of 10 apartments passed in at auction suggests significant differences between vendors' and buyers' price expectations
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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
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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
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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
Since March the number of people leaving this country has exceeded those arriving by a substantial margin
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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
Two-thirds of real estate agents think house prices will fall, a quarter think they'll fall by more than 10%
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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
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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
June listings on Realestate.co.nz were up 20% compared to June last year while asking prices were sliding
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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
Two thirds of the commercial properties offered at Bayleys' Auckland auction didn't receive any bids
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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
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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
House prices at the bottom end of the market have declined 7.3% from their March peak, while mortgage interest rates continue to slide
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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
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
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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
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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
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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
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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
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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
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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
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
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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
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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
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Most of the people who arrived in this country long term in April were returning New Zealand citizens