Greg Ninness

New Zealand real estate agencies estimated to have earned $390.7 million in residential sales commissions in the second quarter this year, down $77.9 million from $468.6 million in the second quarter of 2016

New Zealand real estate agencies estimated to have earned $390.7 million in residential sales commissions in the second quarter this year, down $77.9 million from $468.6 million in the second quarter of 2016

Farm sales down by 25% on a year ago but prices are up - REINZ says the drop in log prices highlights the risks of becoming too dependent on China

Farm sales down by 25% on a year ago but prices are up - REINZ says the drop in log prices highlights the risks of becoming too dependent on China

Low auction numbers and an overall sales rate of 37% at Barfoot & Thompson's auctions last week

Low auction numbers and an overall sales rate of 37% at Barfoot & Thompson's auctions last week

NZ is gaining just over 50,000 people a year from migration, down 20% compared to three years ago

NZ is gaining just over 50,000 people a year from migration, down 20% compared to three years ago

Although fewer people are selling by auction, there are fewer dreamers and tyre kickers, which is pushing up the sales rate

Although fewer people are selling by auction, there are fewer dreamers and tyre kickers, which is pushing up the sales rate

The housing market continues to hibernate over winter, with sales volumes at five year lows and prices flat in Auckland and inching higher elsewhere

The housing market continues to hibernate over winter, with sales volumes at five year lows and prices flat in Auckland and inching higher elsewhere

It was a year of ups and downs for commercial real estate agencies with CBRE and JLL both dipping into the red while Colliers made a substantial profit

It was a year of ups and downs for commercial real estate agencies with CBRE and JLL both dipping into the red while Colliers made a substantial profit

REINZ says there are signs of renewed confidence returning to the Auckland market

REINZ says there are signs of renewed confidence returning to the Auckland market

Sales rates ranged from zero to 60% sold at Barfoot & Thompson's latest auctions

Sales rates ranged from zero to 60% sold at Barfoot & Thompson's latest auctions

The Commerce Commission alleges Ronovationz engaged in cartel conduct by preventing its members from competing for the same properties

The Commerce Commission alleges Ronovationz engaged in cartel conduct by preventing its members from competing for the same properties

Although fewer homes are being auctioned compared to the same time last year, the sales rate is about the same

Although fewer homes are being auctioned compared to the same time last year, the sales rate is about the same

Statistics NZ estimates the number of households renting their homes increased by 15,400 in the year to June, while owner-occupied households increased by 7900

Statistics NZ estimates the number of households renting their homes increased by 15,400 in the year to June, while owner-occupied households increased by 7900

Rents in Wellington are rising so strongly they are closing in on Auckland, with average Auckland rent now just 5% higher than Wellington average

Rents in Wellington are rising so strongly they are closing in on Auckland, with average Auckland rent now just 5% higher than Wellington average

Harbourside apartment in Auckland's Central Business District sells for $20,000, but there was a catch or two

Harbourside apartment in Auckland's Central Business District sells for $20,000, but there was a catch or two

The latest monthly Quotable Value data shows property values declining in Auckland and Queenstown with tentative signs of falls in Wellington

The latest monthly Quotable Value data shows property values declining in Auckland and Queenstown with tentative signs of falls in Wellington

Residential construction shows no sign of slowing down as new consents hit a forty five year high, pushed up by a strong rise in consents for townhouses in Auckland

Residential construction shows no sign of slowing down as new consents hit a forty five year high, pushed up by a strong rise in consents for townhouses in Auckland

Barfoot & Thompson's sales volumes have now been at nine year lows in three of the last four months

Barfoot & Thompson's sales volumes have now been at nine year lows in three of the last four months

All quiet on the auction front as activity slows to a trickle at Barfoot & Thompson's auctions

All quiet on the auction front as activity slows to a trickle at Barfoot & Thompson's auctions

Some competitive bidding at Bayleys' latest commercial property auction with most sales providing their new owners with net yields of 5.5% to 6%

Some competitive bidding at Bayleys' latest commercial property auction with most sales providing their new owners with net yields of 5.5% to 6%

New listings on Realestate.co.nz hit a record low in June but buyers will still have plenty of choice with total stock levels up and asking prices generally weaker

New listings on Realestate.co.nz hit a record low in June but buyers will still have plenty of choice with total stock levels up and asking prices generally weaker

Auction numbers remain low, but there was an overall sales rate of 46% at the latest auctions

Auction numbers remain low, but there was an overall sales rate of 46% at the latest auctions

First home buyers were helped by big drops in house prices in Papakura and Franklin in May, but prices remained surprisingly firm in many other places

First home buyers were helped by big drops in house prices in Papakura and Franklin in May, but prices remained surprisingly firm in many other places

The number of new homes being completed in Auckland could increase by about a third over the next two years

The number of new homes being completed in Auckland could increase by about a third over the next two years

Sales on just over a third of the properties at Barfoot & Thompson's auctions last week

Sales on just over a third of the properties at Barfoot & Thompson's auctions last week

Predicting which way house prices will go has become more difficult because the market is not following the usual rules, says Greg Ninness

Predicting which way house prices will go has become more difficult because the market is not following the usual rules, says Greg Ninness