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Thursday, June 27th 2024
Predictions cut for rising house prices
Two of the country’s major banks have slashed their house price growth forecasts for the rest of the year.
News > House Prices
Thursday, June 27th 2024
Two of the country’s major banks have slashed their house price growth forecasts for the rest of the year.
Thursday, March 07th 2024
Most Kiwis think interest rate increases have peaked.
Wednesday, February 21st 2024
House sales have plunged to their second lowest level in about 40 years, only 2% up on January’s sales last year, which were the lowest since 1983.
Monday, December 18th 2023
Property prices have edged up slightly heading into the summer break.
Wednesday, December 13th 2023
While the Real Estate Institute of New Zealand’s (REINZ) November data show a solid increase in sales, up by 15.7%, from 5,550 to 6,422, month-on-month, and up by 12.2%, from 5,724 to 6,422, compared to November last year, the number was the lowest for a November month since 2011. Apart from November last year, last month’s sales were below 7,000 for a November month since 2013.
Thursday, December 07th 2023
Increasing constraints, including the cost and availability of credit, have meant a major slowdown in the apartment market. Consents dropped by 36% in the year to October – the lowest total since July 2017.
Wednesday, December 06th 2023
Wealthy Auckland buyers who can afford $2 million plus houses have returned to the market in force.
Wednesday, November 29th 2023
ANZ is predicting house prices to fall 0.4% over the rest of the year, versus the 0.2% rise it had previously forecast.
Thursday, November 02nd 2023
CoreLogic’s latest national House Price Index (HPI) shows the national downturn is officially over with a total peak to trough decline of about $138,000 or 13.2% from the record highs of late 2021.
Tuesday, October 10th 2023
Growth in the property market is on the way up although at a gentle place.
Tuesday, September 26th 2023
ANZ reckons house prices will now lift 4% over the second half of this year. This is up 1% from its previous forecast of 3%.
Monday, September 18th 2023
As the residential market turns around from a deep downturn, properties for sale are spending less time on the market and prices have increased for the first time in 10 months.
Wednesday, September 13th 2023
The latest REINZ property market figures shows a convincing turnaround in fortunes.
Tuesday, September 05th 2023
More houses were sold by Barfoot & Thompson, Auckland biggest residential agency, last month than in the March last year.
Tuesday, August 29th 2023
House prices in New Zealand are among the most unaffordable in the world.
Monday, August 21st 2023
The floor for the property market seems to have arrived more or less with migration, but it is patchy.
Thursday, August 17th 2023
House prices stabilised earlier than the Reserve Bank was expecting which is one of the reasons why the central bank raised slightly its forecast track for its official cash rate (OCR), it says in its latest monetary policy statement.
Tuesday, August 15th 2023
The winter chill has been taken off the housing market, the latest REINZ data show.
Tuesday, August 08th 2023
The bottom of the housing market beckons, with the nation’s three-month rolling rate of decline dropping for the fourth straight month.
Friday, July 21st 2023
A Reserve Bank discussion paper by researcher Andrew Coleman argues that temporary surges in house prices are often caused by interest rate movements.
Friday, July 21st 2023
Rising property sales are starting to bite into the country’s stock levels leading to house price rises.
| SBS FirstHome Combo | 5.45 |
| TSB Special | 5.99 |
| Co-operative Bank - First Home Special | 5.99 |
| ICBC | 6.15 |
| Co-operative Bank - Owner Occ | 6.19 |
| BNZ - Classic | 6.19 |
| ANZ Special | 6.19 |
| AIA - Go Home Loans | 6.19 |
| ASB Bank | 6.19 |
| Unity First Home Buyer special | 6.20 |
| Unity | 6.29 |
| TSB Special | 5.69 |
| ANZ Special | 5.69 |
| ICBC | 5.69 |
| ASB Bank | 5.69 |
| SBS Bank Special | 5.69 |
| AIA - Go Home Loans | 5.69 |
| Co-operative Bank - Owner Occ | 5.75 |
| Unity | 5.79 |
| BNZ - Classic | 5.79 |
| Westpac Special | 5.79 |
| Kiwibank Special | 5.79 |
| Westpac Special | 5.69 |
| TSB Special | 5.69 |
| ASB Bank | 5.69 |
| BNZ - Classic | 5.69 |
| BNZ - Std | 5.69 |
| SBS Bank Special | 5.69 |
| Co-operative Bank - Owner Occ | 5.69 |
| Kiwibank Special | 5.69 |
| ICBC | 5.69 |
| AIA - Go Home Loans | 5.69 |
| ANZ | 6.19 |
| SBS FirstHome Combo | 5.94 |
| AIA - Back My Build | 5.94 |
| CFML 321 Loans | 6.70 |
| CFML Home Loans | 6.95 |
| ANZ Blueprint to Build | 7.39 |
| ICBC | 7.49 |
| Co-operative Bank - Owner Occ | 7.65 |
| Co-operative Bank - Standard | 7.65 |
| Credit Union Auckland | 7.70 |
| ANZ | 7.89 |
| ASB Bank | 7.89 |
