Statistics NZ stories
Slower construction inflation should ease pressure on would-be buyers, with CoreLogic saying house-building costs rose just 1.1% over the past year.
Without demolitions data, councils cannot tell how much new housing is really being added, especially in brownfield areas such as Auckland.
Lower interest rates and firmer buyer-seller pricing are expected to lift commercial property sales after a weak 2022-23.
Vacancy constraints and rising rents have kept industrial property firm, but higher rates and a cooling economy are now testing demand.
Security of tenure may explain why public housing residents report wellbeing levels similar to owner-occupiers, according to new research.
Vacancies are at multi-year lows nationwide as booming logistics demand and tight land supply push industrial rents and values higher.
Prime office shortages are squeezing Auckland, Wellington and Christchurch, even as higher costs and hybrid work test new projects.
New Zealand’s office, retail and industrial markets are expected to mirror Australia as Omicron peaks and border openings reshape demand.
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.
Falling unoccupied stock and pandemic demand are making holiday homes harder to buy, though some coastal spots still fall below GBP £500,000.
Nationwide house prices climbed 1.3% in October as low rates and scarce listings kept demand ahead of supply.
Lower migration losses are still propping up housing demand, though CoreLogic says border closures will eventually curb population growth.
Auckland landlords and developers now face slower office demand and delayed projects as COVID-19 and recession fears cloud the recovery.
City-centre footfall is rebounding, with new mobility data hinting at a steadier office market and a faster retail and tourism recovery.
Property values have already slipped nationwide, with tourism-dependent centres like Queenstown hardest hit as the recession starts to bite.
Queenstown looks most exposed, with tourism reliance and Airbnb saturation making its property market vulnerable to a COVID-19 downturn.
Statistics NZ said smaller standalone houses and more multi-unit builds have pushed the average floor area of new homes down 21% in a decade.
Property demand in Auckland and Queenstown has softened after the ban, with foreign purchases plunging 81% in the first quarter.
When businesses were battling through Covid disruptions, contact centres were utilising innovative technology solutions.
Massey University, in collaboration with Statistics New Zealand, has opened NZ's first teaching and research database at its Wellington campus.