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Property Market Stories - Page 9

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Property Market stories

Domestic Real Estate
Property Market

Domestic Real Estate

National average asking prices rose 60.3% in 10 years, but Auckland lagged as regional New Zealand drove most of the gains.

By Staff Writer • 2 min read • Wed, 12th Feb 2025
Inclusiveness in an AI driven city
Smart Cities

Inclusiveness in an AI driven city

Auckland and Wellington are among Asia-Pacific’s most inclusive cities, with social equity seen as a driver of talent, growth and investment.

By Staff Writer • 6 min read • Wed, 12th Feb 2025
Changing market conditions present opportunity
Hybrid & Remote Work

Changing market conditions present opportunity

Lower borrowing costs and expiring term deposits could lift demand for commercial and residential property as investors hunt better returns.

By Michael Curreen • 3 min read • Thu, 6th Feb 2025
Bridgit broadens team with five new appointment additions
Property Market

Bridgit broadens team with five new appointment additions

Non-bank lender Bridgit has expanded its distribution team with the appointment of five Business Development Managers to meet rising business demand.

By Imee Dequito • 2 min read • Wed, 5th Feb 2025
REINZ releases final figures for 2024
Northland

REINZ releases final figures for 2024

New Zealand’s housing market finished 2024 quietly, with sales, prices and listings all showing mixed shifts as inventory stayed elevated.

By Michael Curreen • 6 min read • Tue, 21st Jan 2025
A better year ahead for housing construction
GFC

A better year ahead for housing construction

Slower construction inflation should ease pressure on would-be buyers, with CoreLogic saying house-building costs rose just 1.1% over the past year.

By Michael Curreen • 3 min read • Tue, 14th Jan 2025
Home value decline in December sums up 2024
Public Sector

Home value decline in December sums up 2024

House prices are still 17.6% below their post-Covid peak, with weak Auckland and Wellington values weighing on 2025 prospects.

By Staff Writer • 5 min read • Wed, 8th Jan 2025
What more OCR cuts mean for property
Bank of New Zealand

What more OCR cuts mean for property

Mortgage holders may get further relief early next year, but house prices are likely to rise only modestly as listings and unemployment stay high.

By Staff Writer • 2 min read • Fri, 29th Nov 2024
Spring brings surge in sales
Northland

Spring brings surge in sales

Falling interest rates and higher inventory are drawing more buyers back, with October sales up 20% nationally, REINZ says.

By Michael Curreen • 5 min read • Sun, 17th Nov 2024
Commercial sentiment rises following OCR cuts
GFC

Commercial sentiment rises following OCR cuts

Lower interest rates are reviving property investor confidence, with national sentiment turning positive after the Reserve Bank’s OCR cuts.

By Michael Curreen • 3 min read • Tue, 5th Nov 2024
Homes sitting empty amid housing shortage
Housing

Homes sitting empty amid housing shortage

Tauranga’s housing squeeze is worsened by 2,142 empty homes, though the mayor says filling them beats building anew.

By Michael Curreen • 4 min read • Thu, 17th Oct 2024
Trends in the Christchurch industrial real estate market
Small Business

Trends in the Christchurch industrial real estate market

Low vacancy and scarce small units are pushing Christchurch industrial rents higher, while slower demand for large sheds is creating rare sub-lease opportunities.

By Staff Writer • 5 min read • Mon, 14th Oct 2024
How the market is responding to OCR cuts
Bank of New Zealand

How the market is responding to OCR cuts

House values fell again in September, with lower rates yet to lift prices and mortgage stress still a risk for borrowers.

By Michael Curreen • 10 min read • Wed, 9th Oct 2024
First OCR drop in four years has immediate impact
Northland

First OCR drop in four years has immediate impact

Buyer enquiries jumped 8.5% in the fortnight after the Reserve Bank’s cut, as more Kiwis moved into the market.

By Michael Curreen • 4 min read • Mon, 2nd Sep 2024
CBD retail rents rebound
Harvey Norman

CBD retail rents rebound

Demand from luxury retailers is pushing prime CBD retail rents higher in Christchurch, where vacancies have fallen to a seven-year low.

By Michael Curreen • 6 min read • Wed, 21st Aug 2024
Unusually active winter for property market
Northland

Unusually active winter for property market

Buyer demand picked up in July, with sales rising 14.5% year on year even as the national median house price slipped 2.2%.

By Michael Curreen • 7 min read • Tue, 20th Aug 2024
What’s behind NZ’s townhouse boom?
Housing

What’s behind NZ’s townhouse boom?

Townhouses now account for nearly half of new dwelling consents, with Auckland driving most of the rise as buyers seek cheaper homes.

By Michael Curreen • 4 min read • Mon, 5th Aug 2024
Property values fall for fifth month running
Bank of New Zealand

Property values fall for fifth month running

Flat house prices are helping first-home buyers as nationwide values slipped 0.5% in July, the fifth monthly fall in a row.

By Michael Curreen • 6 min read • Thu, 1st Aug 2024