Property Investment stories
Affordability pressures are starting to bite, with Hamilton and Rotorua both posting quarterly falls after a rapid run-up in values.
Online property traffic is staying strong during New Zealand's Level 4 lockdown, as buyers browse listings and sellers turn to virtual appraisals.
Record prices are still climbing, but a drop in sales and inventories suggests winter may not be the only reason for the slowdown.
The franchise's headquarters will move to Manawatu after Tim Kearins bought Derryn Mayne's 25% stake in Century 21 New Zealand.
The sector now employs nearly 200,000 people and accounts for 15% of New Zealand’s GDP, according to new industry analysis.
Rising mortgage rates and tax changes are set to cool sales, but CoreLogic says a full property downturn still looks unlikely.
Stronger-than-expected demand is tightening yields and lifting values, with industrial and large-format retail assets in New Zealand most resilient.
Australia will need about 500,000sq m of extra industrial space a year as e-commerce pushes vacancy rates tighter and lifts rents.
Cheaper provincial suburbs have driven New Zealand's property boom, with Manunui up 51.8% and Hargest selling in just six days.
Record-low inventory is pushing New Zealand house prices higher, leaving first-time buyers with fewer affordable options.
Sales fell 28% in April and the median price eased to NZD $810,000, but analysts say it is too soon to judge the policy impact.
Construction on Auckland’s One Queen Street site will resume after a Covid delay, with a redesigned tower linked to Commercial Bay and a hotel.
Signs of cooling are emerging as quieter open homes and more auctions passing in are expected to slow gains after a red-hot year.
Investor borrowing has already been curbed, as new housing rules begin to slow sales and cool the market further in 2021.
Investors in Manawatu/Wanganui saw 25.3% capital gains and 4.0% yields, making it the country’s standout residential market.
Vacancy rose across Auckland and Wellington offices, shops and warehouses in 2020, but low rates and investor demand kept yields firm.
Home buyers could gain from easier grants, while investors face a tougher tax regime and rents may rise as a result.
Men own 31,000 more homes than women in New Zealand, underscoring how the gender pay gap is limiting access to property.
LVR curbs and tighter investor lending are expected to cool New Zealand house prices, after Tauranga posted a monthly fall.
New Zealand home values rose 2.2% in January as tight supply and low rates drove a rebound in Christchurch, Auckland and Queenstown.
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