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Kiwi Stories

Bank of New Zealand (BNZ) stories

Commercial property after a year of COVID
eCommerce

Commercial property after a year of COVID

Vacancy rose across Auckland and Wellington offices, shops and warehouses in 2020, but low rates and investor demand kept yields firm.

By Michael Curreen • 10 min read • Mon, 29th Mar 2021
Will these changes solve New Zealand’s housing crisis?
Bank of New Zealand

Will these changes solve New Zealand’s housing crisis?

The package aims to boost supply and help first-home buyers, but experts warn it may not curb soaring prices or fix shortages quickly.

By Staff Writer • 10 min read • Wed, 24th Mar 2021
How the new housing package affects you
Bank of New Zealand

How the new housing package affects you

Home buyers could gain from easier grants, while investors face a tougher tax regime and rents may rise as a result.

By Michael Curreen • 11 min read • Wed, 24th Mar 2021
Solid start to new urbanism
Auckland Council

Solid start to new urbanism

Auckland developers are finding stronger demand and easier consents as housing shortages, low rates and relaxed zoning reshape the market.

By Michael Curreen • 4 min read • Mon, 22nd Mar 2021
Record breaking February as buyers rush to beat LVRs
Northland

Record breaking February as buyers rush to beat LVRs

Sales surged 14.6% year on year in February as buyers rushed to secure homes before loan-to-value restrictions returned in March.

By Michael Curreen • 10 min read • Fri, 12th Mar 2021
Slowdown looms for property market
Hybrid & Remote Work

Slowdown looms for property market

LVR curbs and tighter investor lending are expected to cool New Zealand house prices, after Tauranga posted a monthly fall.

By Michael Curreen • 9 min read • Tue, 2nd Mar 2021
Housing affordability at record lows
Bank of New Zealand

Housing affordability at record lows

Average household incomes rose just 1.3% last quarter, leaving New Zealand house prices at their least affordable level since records began in 2004.

By Michael Curreen • 6 min read • Fri, 26th Feb 2021
January sees slight dip in house prices
Northland

January sees slight dip in house prices

New Zealand’s housing market remained brisk in January despite a modest month-on-month price fall, with sales and auctions both at multi-year highs.

By Michael Curreen • 11 min read • Wed, 17th Feb 2021
LVR restrictions return to cool property market
Bank of New Zealand

LVR restrictions return to cool property market

House prices are likely to cool after the Reserve Bank reinstated loan-to-value curbs from 1 March amid stability concerns.

By Michael Curreen • 4 min read • Wed, 10th Feb 2021
These housing markets are making a comeback in 2021
Hybrid & Remote Work

These housing markets are making a comeback in 2021

New Zealand home values rose 2.2% in January as tight supply and low rates drove a rebound in Christchurch, Auckland and Queenstown.

By Michael Curreen • 7 min read • Wed, 3rd Feb 2021
Are property investors out of control?
Bank of New Zealand

Are property investors out of control?

Possible tighter rules could curb investor demand as mortgaged buyers regain a 27% share of the housing market, CoreLogic says.

By Michael Curreen • 7 min read • Sun, 31st Jan 2021
Final week to have your say on LVRs
Bank of New Zealand

Final week to have your say on LVRs

House buyers and investors face tighter mortgage rules from 1 March as the Reserve Bank warns high-LVR lending is rising again.

By Michael Curreen • 2 min read • Wed, 20th Jan 2021
Record low listings driving up house prices
Hybrid & Remote Work

Record low listings driving up house prices

Record shortages of homes for sale are fuelling the pressure, with New Zealand’s median house price climbing to a fresh high for the fourth month.

By Michael Curreen • 12 min read • Sun, 17th Jan 2021
21 predictions for 2021
Supply Chain

21 predictions for 2021

Low rates, fiscal stimulus and reopening borders should support New Zealand property values in 2021, though office and retail risks remain.

By Michael Curreen • 7 min read • Thu, 14th Jan 2021
Top performing suburbs of 2020
Bank of New Zealand

Top performing suburbs of 2020

New Zealand’s housing boom lifted values in almost every main centre, with Auckland now boasting 117 suburbs above the NZD $1 million mark.

By Michael Curreen • 10 min read • Wed, 6th Jan 2021
Listings hit rock bottom after most sales in 13 years
Northland

Listings hit rock bottom after most sales in 13 years

A shortage of homes for sale is fuelling record house prices and leaving buyers with fewer options, despite the busiest November in 13 years.

By Michael Curreen • 6 min read • Mon, 14th Dec 2020
Why property has gotten political
Bank of New Zealand

Why property has gotten political

Affordability is worsening for first-time buyers as house prices outpace incomes, deepening the housing divide and fuelling political pressure.

By Michael Curreen • 5 min read • Thu, 3rd Dec 2020
Property market running red hot with listings alarmingly light
Northland

Property market running red hot with listings alarmingly light

Listings fell to record lows as buyers pushed Auckland’s median house price to GBP £1 million and nationwide sales hit a 14-year October high.

By Michael Curreen • 12 min read • Fri, 13th Nov 2020

Global Stories

Bank of New Zealand (BNZ) stories