Property Market Stories - Page 12

Global Stories

Property Market stories

Bricks and Agent registers 185% revenue growth using AI

The proptech company Bricks and Agent almost tripled in size (185% of revenue growth) last year and now has more than 1,300,000 users in ANZ and the UK.

By Gaurav Sharma • 6 min read • Fri, 5th May 2023

Stories from Other Regions

Property Market stories

eCommerce

How are NZ’s commercial property markets faring this year?

Vacancies are tightening and rents rising in New Zealand’s top cities, with industrial property remaining the strongest segment this quarter.

By Michael Curreen • 5 min read • Tue, 27th Jun 2023

Bank of New Zealand

Home sales record first annual increase in two years

Tighter stock on the market and a 7.5% rise in sales point to New Zealand housing volumes finally bottoming out after a long slump.

By Michael Curreen • 3 min read • Fri, 23rd Jun 2023

Northland

Sales volumes rise in the regions – latest REINZ figures

Regional housing markets are regaining confidence as eased lending rules and steadier rates lifted May sales in seven areas, REINZ said.

By Michael Curreen • 7 min read • Fri, 16th Jun 2023

Bank of New Zealand

More mortgage enquiries after LVR rise

First-home buyers are returning to lenders as looser loan-to-value rules give them more room to qualify for a mortgage.

By Michael Curreen • 3 min read • Wed, 7th Jun 2023

Supply Chain

Have yields peaked with OCR raises?

Property investors may see yields stabilise soon, as the Reserve Bank of New Zealand signals its Official Cash Rate has peaked and cuts loom.

By Michael Curreen • 5 min read • Tue, 6th Jun 2023

Hybrid & Remote Work

Positive sentiment in CBD office markets

Prime CBD office space is tightening in Auckland and Christchurch, while Wellington rents rise despite a temporary vacancy jump.

By Michael Curreen • 7 min read • Wed, 31st May 2023

Inflation

Lifestyle properties follow wider market trends

Sales have fallen sharply from last year’s peak as higher interest rates and broader uncertainty cool New Zealand’s lifestyle property market.

By Michael Curreen • 4 min read • Mon, 29th May 2023

Bank of New Zealand

‘Green shoots’ emerge in declining property market

First home buyers are showing renewed interest as easing lending rules and softer prices create opportunities in New Zealand’s slow market.

By Michael Curreen • 5 min read • Fri, 12th May 2023

Property Market

New listings lowest on record for April

Potential sellers are holding back as tight credit and uncertain interest rates drive April new listings to record lows nationwide.

By Michael Curreen • 4 min read • Mon, 1st May 2023

Bank of New Zealand

Reserve Bank proposing to ease LVR restrictions

First-home buyers could find it easier to secure mortgages as lending limits are raised from 1 June, easing pressure on banks.

By Michael Curreen • 3 min read • Fri, 28th Apr 2023

GFC

The beginning of the end of NZ’s house price downturn?

Signs of a floor are emerging as mortgage rates stabilise and sales improve, though values have still fallen 10.5% over the past year.

By Michael Curreen • 3 min read • Thu, 20th Apr 2023

Northland

Two regions buck downward trend in latest property figures

National prices kept falling in March, but the West Coast and Southland posted annual gains as sales slowed and homes stayed longer on the market.

By Michael Curreen • 5 min read • Tue, 18th Apr 2023

Supply Chain

Industrial property’s appeal continues

Vacancy remains near record lows as demand keeps industrial property attractive to investors, even as rising costs slow new development.

By Michael Curreen • 5 min read • Mon, 10th Apr 2023

Bank of New Zealand

Is the housing market a casualty of the Reserve Bank’s war on inflation?

Mortgage rates may already be near their peak, but new borrowers still face tough affordability tests and repricing pressure for months.

By Michael Curreen • 4 min read • Wed, 5th Apr 2023

Auckland University of Technology

Auckland CBD’s Skyworld complex up for sale

Vacancy and redevelopment plans have cut Skyworld’s annual income to GBP £2.3 million, but the site could be reshaped into a major mixed-use precinct.

By Michael Curreen • 4 min read • Thu, 30th Mar 2023