House prices
The 2024 Interesties Awards featuring Christopher Luxon, Adrian Orr, Nicola Willis, David Seymour, Antonia Watson, Donald Trump, Elon Musk, Jerome Powell, JFoe, Palmtree08, banks, Federated Farmers, the Commerce Commission, bitcoin, Du Val & more
22nd Dec 24, 6:00am
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The 2024 Interesties Awards featuring Christopher Luxon, Adrian Orr, Nicola Willis, David Seymour, Antonia Watson, Donald Trump, Elon Musk, Jerome Powell, JFoe, Palmtree08, banks, Federated Farmers, the Commerce Commission, bitcoin, Du Val & more
Falling house prices at the bottom of the market and lower mortgage rates improve affordability for first home buyers
21st Dec 24, 9:00am
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Falling house prices at the bottom of the market and lower mortgage rates improve affordability for first home buyers
November housing market quiet in Auckland, more buoyant in rest of the country, REINZ says
17th Dec 24, 9:00am
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November housing market quiet in Auckland, more buoyant in rest of the country, REINZ says
Latest Reserve Bank figures show a sharp rise in the amount of new borrowing on floating rates, while among fixed rates the one-year term has soared in popularity
9th Dec 24, 1:32pm
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Latest Reserve Bank figures show a sharp rise in the amount of new borrowing on floating rates, while among fixed rates the one-year term has soared in popularity
Average asking price of homes for sale on Realestate.co.nz dropped by almost $29,000 in October while stock levels were at an almost 10-year high
4th Dec 24, 5:00am
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Average asking price of homes for sale on Realestate.co.nz dropped by almost $29,000 in October while stock levels were at an almost 10-year high
Barfoot & Thompson's sales and selling prices both headed higher in November but the agency has a mountain of stock to deal with
3rd Dec 24, 10:43am
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Barfoot & Thompson's sales and selling prices both headed higher in November but the agency has a mountain of stock to deal with
ASB survey shows concerns about the economy are weighing on people's expectations for increases in house prices
26th Nov 24, 9:15am
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ASB survey shows concerns about the economy are weighing on people's expectations for increases in house prices
Auction sales rate declined to 35% from 44% over the last four weeks as buyers pick and choose
23rd Nov 24, 6:00am
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Auction sales rate declined to 35% from 44% over the last four weeks as buyers pick and choose
Falling house prices will be the most tangible sign climate change is driving an insurability crisis that disrupts wider financial stability, Andrew J. Hoffman says
22nd Nov 24, 10:12am
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Falling house prices will be the most tangible sign climate change is driving an insurability crisis that disrupts wider financial stability, Andrew J. Hoffman says
Independent global economic researchers Capital Economics say despite their expectation the RBNZ will slash the OCR to just 2.25% in 2025 the housing market price recovery will be 'muted'
20th Nov 24, 8:45am
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Independent global economic researchers Capital Economics say despite their expectation the RBNZ will slash the OCR to just 2.25% in 2025 the housing market price recovery will be 'muted'
Latest quarterly Household Expectations Survey for RBNZ finds households reckon the inflation rate will be 4.1% in a year and they're getting progressively less optimistic about their chances of finding new jobs
19th Nov 24, 3:35pm
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Latest quarterly Household Expectations Survey for RBNZ finds households reckon the inflation rate will be 4.1% in a year and they're getting progressively less optimistic about their chances of finding new jobs
A very slight dip in auction sales last week with 39% of auctioned properties selling under the hammer
19th Nov 24, 9:57am
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A very slight dip in auction sales last week with 39% of auctioned properties selling under the hammer
S&P Global Ratings sees more of the same from New Zealand's big four banks
Latest quarterly Reserve Bank figures show the levels of new high debt-to-income borrowing are still well below the official limits that came into force in July this year
14th Nov 24, 10:35am
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Latest quarterly Reserve Bank figures show the levels of new high debt-to-income borrowing are still well below the official limits that came into force in July this year
Housing market warms over spring but it's not exactly tropical
Median dwelling values have now declined for eight consecutive months but the rate of decline is slowing
1st Nov 24, 12:01am
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Median dwelling values have now declined for eight consecutive months but the rate of decline is slowing
The RBNZ says despite house prices easing, purchasing a new house 'remains relatively unfavourable compared with long-term averages'
31st Oct 24, 11:30am
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The RBNZ says despite house prices easing, purchasing a new house 'remains relatively unfavourable compared with long-term averages'
Consumer confidence fell in October amid job security fears against backdrop of interest rate cut flow through lag, ANZ Roy Morgan survey says
25th Oct 24, 10:38am
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Consumer confidence fell in October amid job security fears against backdrop of interest rate cut flow through lag, ANZ Roy Morgan survey says
[updated]
Reserve Bank Governor Adrian Orr says being more 'circumspect' with reducing interest rates relative to the speed at which they went up 'is the general idea'
24th Oct 24, 8:29am
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Reserve Bank Governor Adrian Orr says being more 'circumspect' with reducing interest rates relative to the speed at which they went up 'is the general idea'
Reserve Bank signals the high levels of cash seen in the banking system since the onset of Covid may be gone by the second half of next year
23rd Oct 24, 2:30pm
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Reserve Bank signals the high levels of cash seen in the banking system since the onset of Covid may be gone by the second half of next year
BNZ chief economist Mike Jones says longer term mortgage rates are already reflecting anticipated cuts to the Official Cash Rate, but shorter term mortgage rates have more 'downside'
23rd Oct 24, 9:23am
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BNZ chief economist Mike Jones says longer term mortgage rates are already reflecting anticipated cuts to the Official Cash Rate, but shorter term mortgage rates have more 'downside'
The country's banks are reporting early signs of a rebound in activity from property investors and demand for mortgage lending from both owner occupiers and investors is expected to continue to increase during the next six months
21st Oct 24, 11:32am
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The country's banks are reporting early signs of a rebound in activity from property investors and demand for mortgage lending from both owner occupiers and investors is expected to continue to increase during the next six months
More than 3000 residential properties a month are being taken off the market
17th Oct 24, 10:25am
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More than 3000 residential properties a month are being taken off the market
Reserve Bank Assistant Governor Karen Silk says reversion to pre-covid funding conditions is under way and this will limit how far lending rates fall as banks seek to preserve their net interest margin
16th Oct 24, 1:44pm
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Reserve Bank Assistant Governor Karen Silk says reversion to pre-covid funding conditions is under way and this will limit how far lending rates fall as banks seek to preserve their net interest margin
House sales declined in September but prices held their own, REINZ says