News articles

Last year flat, 2011 looking up

28 Jan 2011: A review of 2010 shows the property market was fairly flat, but values appeared to be stabilising at year-end and the volume of sales looks set to increase in 2011. read more >>

2011 - Sales Volumes - Where to from here?

25 Jan 2011: It's interesting reading about different articles about the NZ property sector and predictions for 2011. The only thing I can state with certainty is that it is an inexact science - people who are looking to buy believe house prices will fall - while house owners are ever hopeful that prices will rise again. read more >>

Auckland houses less affordable than New York

24 Jan 2011: New Zealand houses are among the world's most expensive when incomes are taken into account - and Auckland and Tauranga homes are less affordable than those in New York, says a major survey released today. read more >>

Bidding wars as rentals in crisis

23 Jan 2011: The Kiwi dream of owning a home is long out of sight for many people, and now the chances of even renting a quality house are fading fast. read more >>

Banks re-entering the market, vendor finance, helps drive spike in dairy farm sales, the REINZ says

21 Jan 2011: Banks "re-entering the market" helped drive a total of 30 dairy farm sales in December almost matching the 31 dairy farms sold in the six months from June to November last year, the Real Estate Institute of New Zealand's (REINZ) latest rural market report reveals. read more >>

Kiwibank 'kick starts' 2011 with mortgage rate cut

18 Jan 2011: In the first mortgage rate cut of 2011, government owned Kiwibank has dropped its one-year mortgage rate to 6.15 per cent from 6.45 per cent in what it describes as a "limited time offer" likely to run until the end of January. read more >>

Property market slumps in December

17 Jan 2011: Property prices and sales continued to drop away during December, as the traditional Christmas shut-down caused the market to slow, latest figures from the Real Estate Institute show. read more >>

Mortgage Rates could rise quickly, economist warns

14 Jan 2011: A leading bank economist is warning home buyers that current below-average fixed term mortgage rates could start rising "quite rapidly". Westpac senior economist Dominick Stephens said people had flocked to the value of low interest floating rates, in the wake of the global economic crisis and subsequent slow recovery. read more >>

Property values keep falling

13 Jan 2011: Property values continued to fall during December, but the rate of decline has slowed, indicating that values are beginning to stabilise. read more >>

Still possible to find good returns from residential property investment, report shows

13 Jan 2011: Residential property investment prospects look particularly poor, according to a new study released this week in the home loan centre of www.msn.co.nz read more >>

Slump in home building consents in November

11 Jan 2011: The value of non-residential building work reached an 18-month high during November, against a slump in activity across the residential sector. read more >>

Auckland house sales, prices take a tumble

10 Jan 2011: Barfoot & Thompson recorded a fall in Auckland house sales and prices in December, while describing the market in 2010 as "steady". read more >>