Thursday, March 07th 2024

Interest rate expectations: It’s not over yet

Most Kiwis think interest rate increases have peaked.

Sales dive to new depths – lending at low DTIs

Wednesday, February 21st 2024

Sales dive to new depths – lending at low DTIs

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.

Listings surge and prices up

Monday, December 18th 2023

Listings surge and prices up

Property prices have edged up slightly heading into the summer break.

Housing market still at a low ebb despite lift in sales

Wednesday, December 13th 2023

Housing market still at a low ebb despite lift in sales

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.

Apartment market takes a dive

Thursday, December 07th 2023

Apartment market takes a dive

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.

Auckland housing market rebounding

Wednesday, December 06th 2023

Auckland housing market rebounding

Wealthy Auckland buyers who can afford $2 million plus houses have returned to the market in force.

Weaker than expected

Wednesday, November 29th 2023

Weaker than expected

ANZ is predicting house prices to fall 0.4% over the rest of the year, versus the 0.2% rise it had previously forecast.

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Housing slump over

Housing slump over

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.

Housing market turns but big bounce not expected

Housing market turns but big bounce not expected

Tuesday, October 10th 2023

Growth in the property market is on the way up although at a gentle place.

House price rises revised upwards

House price rises revised upwards

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%.

Properties selling faster and prices increase

Properties selling faster and prices increase

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.

Housing market perkier than expected as it turns around

Housing market perkier than expected as it turns around

Wednesday, September 13th 2023

The latest REINZ property market figures shows a convincing turnaround in fortunes.

House sales rise more than 50% on a year ago

House sales rise more than 50% on a year ago

Tuesday, September 05th 2023

More houses were sold by Barfoot & Thompson, Auckland biggest residential agency, last month than in the March last year.

Restoring housing affordability

Restoring housing affordability

Tuesday, August 29th 2023

House prices in New Zealand are among the most unaffordable in the world.

Migration helps housing find a floor

Migration helps housing find a floor

Monday, August 21st 2023

The floor for the property market seems to have arrived more or less with migration, but it is patchy.

House prices stabilised earlier than RBNZ expected

House prices stabilised earlier than RBNZ expected

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.

Lift in sales but prices still declining

Lift in sales but prices still declining

Tuesday, August 15th 2023

The winter chill has been taken off the housing market, the latest REINZ data show.

Downturn slowly running out

Downturn slowly running out

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.

Housing price surges can be interest driven

Housing price surges can be interest driven

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.

Listings fall as property sales rise

Listings fall as property sales rise

Friday, July 21st 2023

Rising property sales are starting to bite into the country’s stock levels leading to house price rises.

House value rises predicted for early next year

House value rises predicted for early next year

Thursday, July 13th 2023

Kiwibank is forecasting annual gains in the housing market of 2% by the first quarter of next year, before hitting a high of 6% by the middle of the year.

Heartland Bank - Online 6.69
SBS FirstHome Combo 6.74
Wairarapa Building Society 6.95
Unity 6.99
Co-operative Bank - First Home Special 7.04
ICBC 7.05
China Construction Bank 7.09
BNZ - Classic 7.24
ASB Bank 7.24
ANZ Special 7.24
TSB Special 7.24
Unity First Home Buyer special 6.45
Heartland Bank - Online 6.45
TSB Special 6.75
Westpac Special 6.75
China Construction Bank 6.75
ASB Bank 6.75
ICBC 6.75
AIA - Go Home Loans 6.75
Kiwibank Special 6.79
Co-operative Bank - Owner Occ 6.79
ANZ Special 6.79
ASB Bank 6.39
Westpac Special 6.39
AIA - Go Home Loans 6.39
China Construction Bank 6.40
ICBC 6.49
SBS Bank Special 6.55
Kiwibank Special 6.55
BNZ - Classic 6.55
Co-operative Bank - Owner Occ 6.55
TSB Special 6.59
Kainga Ora 6.99
SBS FirstHome Combo 6.19
AIA - Back My Build 6.19
ANZ Blueprint to Build 7.39
Credit Union Auckland 7.70
ICBC 7.85
Heartland Bank - Online 7.99
Pepper Money Essential 8.29
Co-operative Bank - Owner Occ 8.40
Co-operative Bank - Standard 8.40
First Credit Union Standard 8.50
Kiwibank 8.50