Property
[updated]
Each time a house is 'sold', that triggers an opportunity for industry professionals to participate in a $30,000 or more commission pot
26th Jan 25, 12:17pm
72
Each time a house is 'sold', that triggers an opportunity for industry professionals to participate in a $30,000 or more commission pot
Buyers remained very cautious on price at the latest property auctions
Median asking rents in Auckland, BoP declined 1.5% in December according to Trade Me Property
24th Jan 25, 9:38am
132
Median asking rents in Auckland, BoP declined 1.5% in December according to Trade Me Property
Buyers likely to retain the whip hand as the housing market heads into 2025
23rd Jan 25, 10:00am
127
Buyers likely to retain the whip hand as the housing market heads into 2025
REINZ says December was especially quiet and buyers had plenty to choose from as housing inventory surged
22nd Jan 25, 9:00am
176
REINZ says December was especially quiet and buyers had plenty to choose from as housing inventory surged
QV says average housing values declined by just 0.3% last year with prices remaining 'relatively static'
21st Jan 25, 5:00am
100
QV says average housing values declined by just 0.3% last year with prices remaining 'relatively static'
Residential rents have generally settled at levels slightly below their record highs
17th Jan 25, 9:41am
71
Residential rents have generally settled at levels slightly below their record highs
There was a 30% drop in buyer interest on Trade Me Property in December
The home ownership rate has dropped from 74% of total housing stock in Q1 1991, to 67% in Q4 2024.
14th Jan 25, 3:10pm
53
The home ownership rate has dropped from 74% of total housing stock in Q1 1991, to 67% in Q4 2024.
Fewer homes are being built and they are taking longer on average to be completed
14th Jan 25, 11:37am
35
Fewer homes are being built and they are taking longer on average to be completed
The number of new homes being consented has declined by a third over the last two years
13th Jan 25, 1:44pm
13
The number of new homes being consented has declined by a third over the last two years
Asking prices of homes for sale on Realestate.co.nz fell again in December taking them -17.6% below their January 2022 peak
10th Jan 25, 5:00am
147
Asking prices of homes for sale on Realestate.co.nz fell again in December taking them -17.6% below their January 2022 peak
The cost of building a standard three bedroom house rose just +1.1% in the 2024 year, down from 2023’s rise of +2.4% and well below the spike of +10.4% in 2022
10th Jan 25, 12:01am
12
The cost of building a standard three bedroom house rose just +1.1% in the 2024 year, down from 2023’s rise of +2.4% and well below the spike of +10.4% in 2022
Barfoot & Thompson's sales and selling prices were both lower in December on seasonality factors but their mountain of stock remains an issue even if they sold slightly more in the month than they took in new listings
7th Jan 25, 10:24am
121
Barfoot & Thompson's sales and selling prices were both lower in December on seasonality factors but their mountain of stock remains an issue even if they sold slightly more in the month than they took in new listings
CoreLogic says both Auckland and Wellington are still getting downward pressure on house prices although some regional centers are basically steady now. 2025 will have to deal with conflicting forces
3rd Jan 25, 1:23pm
87
CoreLogic says both Auckland and Wellington are still getting downward pressure on house prices although some regional centers are basically steady now. 2025 will have to deal with conflicting forces
Falling house prices at the bottom of the market and lower mortgage rates improve affordability for first home buyers
21st Dec 24, 9:00am
74
Falling house prices at the bottom of the market and lower mortgage rates improve affordability for first home buyers
Although more properties were auctioned in 2024, the sales rate dropped to 35% from 40% in 2023
21st Dec 24, 6:31am
32
Although more properties were auctioned in 2024, the sales rate dropped to 35% from 40% in 2023
Trade Me Property says residential landlords may need to reduce their asking rents due to an oversupply of rental stock
19th Dec 24, 9:24am
135
Trade Me Property says residential landlords may need to reduce their asking rents due to an oversupply of rental stock
Unsold residential properties are sitting on the market for longer rather than being removed from sale
18th Dec 24, 10:39am
97
Unsold residential properties are sitting on the market for longer rather than being removed from sale
November housing market quiet in Auckland, more buoyant in rest of the country, REINZ says
17th Dec 24, 9:00am
82
November housing market quiet in Auckland, more buoyant in rest of the country, REINZ says
Auction activity slowing as the market heads towards its last gasp before the Christmas break
14th Dec 24, 10:38am
49
Auction activity slowing as the market heads towards its last gasp before the Christmas break
Inflation almost disappearing from residential and commercial construction costs
12th Dec 24, 4:16pm
5
Inflation almost disappearing from residential and commercial construction costs
'There's very little to suggest that house prices will suddenly take off any time soon,' says QV
10th Dec 24, 5:00am
141
'There's very little to suggest that house prices will suddenly take off any time soon,' says QV
Rents and the number of rental properties being tenanted are both as flat as a pancake
9th Dec 24, 10:40am
52
Rents and the number of rental properties being tenanted are both as flat as a pancake
Just over a third selling under the hammer at the latest residential auctions
