Greg Ninness

Scraping together a deposit is likely to be the biggest hurdle first home buyers face, and not just in Auckland

Scraping together a deposit is likely to be the biggest hurdle first home buyers face, and not just in Auckland

No relief for Auckland's housing shortage and stretched infrastructure with record migration providing around 40,000 extra residents for the city in year to November

No relief for Auckland's housing shortage and stretched infrastructure with record migration providing around 40,000 extra residents for the city in year to November

A review of things you need to know before you go home on Tuesday: ANZ raises mortgage & deposit rates, The Warehouse margins squeezed, 2 CEOs resign, Rakon gets cash injection

A review of things you need to know before you go home on Tuesday: ANZ raises mortgage & deposit rates, The Warehouse margins squeezed, 2 CEOs resign, Rakon gets cash injection

Auction Results: Barfoot & Thomspon took 162 residential properties to auction last week, had sold 57 by the end of the following day

Auction Results: Barfoot & Thomspon took 162 residential properties to auction last week, had sold 57 by the end of the following day

PM Bill English abolishes position of Housing Minister as latest figures show growing housing disaster in Auckland with only two thirds of the homes required being consented

PM Bill English abolishes position of Housing Minister as latest figures show growing housing disaster in Auckland with only two thirds of the homes required being consented

Bayleys sold 50% of Auckland auction properties last week; plus auction results from Waikato and Hawke's Bay

Bayleys sold 50% of Auckland auction properties last week; plus auction results from Waikato and Hawke's Bay

Will the housing market have a massive hangover or a soft landing next year? ANZ and Westpac economists give their views

Will the housing market have a massive hangover or a soft landing next year? ANZ and Westpac economists give their views

Harcourts, Barfoot & Thompson, LJ Hooker and Ray White to pay fines ranging from $2.2m to $2.575m for price fixing

Harcourts, Barfoot & Thompson, LJ Hooker and Ray White to pay fines ranging from $2.2m to $2.575m for price fixing

Auction results: one third of apartments sold at this week's auctions, two thirds passed in

Auction results: one third of apartments sold at this week's auctions, two thirds passed in

The REINZ Dairy Farm Price Index is up 4.1% compared to 12 months ago but purchasers and banks remain cautious

The REINZ Dairy Farm Price Index is up 4.1% compared to 12 months ago but purchasers and banks remain cautious

A third of the homes auctioned by Barfoot & Thompson last week were sold by 5pm the following day

A third of the homes auctioned by Barfoot & Thompson last week were sold by 5pm the following day

Union says many workers spending more than half their wages on housing costs

Union says many workers spending more than half their wages on housing costs

Migration now accounts for two thirds of Auckland's population growth and is the main reason for the region's housing shortage

Migration now accounts for two thirds of Auckland's population growth and is the main reason for the region's housing shortage

Trade Me Property says asking prices are well up in most parts of the country but a rush of new supply means the Auckland apartment market is 'stuck in the mud'

Trade Me Property says asking prices are well up in most parts of the country but a rush of new supply means the Auckland apartment market is 'stuck in the mud'

Auckland's median house price was down 2% in November but across the rest of the country prices continued hitting new highs

Auckland's median house price was down 2% in November but across the rest of the country prices continued hitting new highs

Bayleys auction results: Muriwai bach sells for $841,000; Whitianga cottage goes for $430,000; Ellerslie unit fetches $445,000

Bayleys auction results: Muriwai bach sells for $841,000; Whitianga cottage goes for $430,000; Ellerslie unit fetches $445,000

Fewer turning up at apartment auctions but bidding still strong for some properties, while others got no bids

Fewer turning up at apartment auctions but bidding still strong for some properties, while others got no bids

Auction results: 30% sell under the hammer but nearly 40% got no bids at four major Barfoot & Thompson auctions last week

Auction results: 30% sell under the hammer but nearly 40% got no bids at four major Barfoot & Thompson auctions last week

Investors at Bayleys' auctions snapped up commercial properties in Auckland, Whitianga, Napier and Wellington

Investors at Bayleys' auctions snapped up commercial properties in Auckland, Whitianga, Napier and Wellington

People are spending more on food, housing and transport, according to the Household Expenditure Survey

People are spending more on food, housing and transport, according to the Household Expenditure Survey

Apartment buyers remain cautious but there are a few bright spots at Auckland auctions

Apartment buyers remain cautious but there are a few bright spots at Auckland auctions

First home buyers are being squeezed between rising prices and rising interest rates in the upper North Island, but prices are easing in other parts of the country

First home buyers are being squeezed between rising prices and rising interest rates in the upper North Island, but prices are easing in other parts of the country

The number of homes worth $1 million or more has quadrupled over the last three years, Myvalocity says

The number of homes worth $1 million or more has quadrupled over the last three years, Myvalocity says

NZIER's Quarterly Predictions are for localised effects from earthquakes and higher interest rates

NZIER's Quarterly Predictions are for localised effects from earthquakes and higher interest rates

Prices at Bayleys' auctions ranged from $407,000 for a house in Hamilton to $3.9m for a house on a lifestyle block at Whitford

Prices at Bayleys' auctions ranged from $407,000 for a house in Hamilton to $3.9m for a house on a lifestyle block at Whitford