News > House Prices
Wednesday, January 15th 2025
Former Reserve Bank Governor and National Party leader Don Brash says there are grounds for believing that house prices may finally have ended the three-decade period when they rose significantly faster than incomes.
Friday, January 10th 2025
Although houses prices typically rise more than apartments over the long-term, the gap is not as wide as many people expect.
Thursday, November 28th 2024
The Reserve Bank's forecasts were predicated on an assumption that house prices will rise about 7% in each of the next two calendar years, governor Adrian Orr told journalists after RBNZ cut its official cash rate (OCR) from 4.75% to 4.25%.
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.
| SBS FirstHome Combo | 4.39 |
| Unity First Home Buyer special | 4.69 |
| Co-operative Bank - First Home Special | 5.09 |
| TSB Special | 5.19 |
| Co-operative Bank - Owner Occ | 5.19 |
| Kiwibank Special | 5.19 |
| Nelson Building Society | 5.24 |
| ASB Bank | 5.25 |
| AIA - Go Home Loans | 5.25 |
| Kainga Ora | 5.29 |
| ICBC | 5.29 |
| Unity | 4.99 |
| TSB Special | 4.99 |
| ICBC | 4.99 |
| Kainga Ora | 4.99 |
| ANZ Special | 4.99 |
| ASB Bank | 4.99 |
| AIA - Go Home Loans | 4.99 |
| Co-operative Bank - Owner Occ | 5.19 |
| Kiwibank Special | 5.19 |
| Nelson Building Society | 5.24 |
| SBS Bank Special | 5.29 |
| Westpac Special | 5.39 |
| ICBC | 5.49 |
| BNZ - Classic | 5.59 |
| SBS Bank Special | 5.69 |
| ASB Bank | 5.79 |
| BNZ - Std | 5.79 |
| Kainga Ora | 5.79 |
| AIA - Go Home Loans | 5.79 |
| Co-operative Bank - Owner Occ | 5.89 |
| Kiwibank Special | 5.89 |
| TSB Special | 5.89 |
| AIA - Back My Build | 4.44 |
| SBS FirstHome Combo | 4.44 |
| CFML 321 Loans | 5.25 |
| Co-operative Bank - Standard | 6.45 |
| Co-operative Bank - Owner Occ | 6.45 |
| Heartland Bank - Online | 6.49 |
| Kiwibank Special | 6.75 |
| Kiwibank - Offset | 6.75 |
| Kiwibank | 6.75 |
| TSB Special | 6.89 |
| ANZ | 6.89 |
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