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Renewed optimism for commercial property in 2024
Hybrid & Remote Work

Renewed optimism for commercial property in 2024

Lower interest rates and firmer buyer-seller pricing are expected to lift commercial property sales after a weak 2022-23.

By Michael Curreen • 4 min read • Thu, 8th Feb 2024
New Zealand’s most expensive housing market hits new record
Northland

New Zealand’s most expensive housing market hits new record

Central Otago Lakes District’s average asking price has jumped 19.3% year on year, underscoring a lifestyle-driven surge in regional demand.

By Michael Curreen • 4 min read • Sun, 4th Feb 2024
Momentum re-building in property market
Property Market

Momentum re-building in property market

Sales activity picked up in December as lower days to sell and firmer prices signalled the property market may be moving into a more positive phase.

By Michael Curreen • 9 min read • Thu, 25th Jan 2024
Was 2023 the year of the property market correction?
Inflation

Was 2023 the year of the property market correction?

Falling asking prices and fewer new listings pushed the total value of homes for sale down nearly a quarter, data from realestate.co.nz showed.

By Michael Curreen • 4 min read • Mon, 22nd Jan 2024
Paerata Rise homes perform well at House of the Year awards
Energy efficient

Paerata Rise homes perform well at House of the Year awards

Five Paerata Rise builders placed in the top 100 nationwide, with Capital Homes taking first at the 2023 Registered Master Builders Awards.

By Michael Curreen • 2 min read • Thu, 18th Jan 2024
Coromandel bucks trend as national property listings decline
Property Market

Coromandel bucks trend as national property listings decline

National new listings fell to a 16-year low in December, but Coromandel bucked the trend with a 21.9% rise.

By Michael Curreen • 4 min read • Tue, 16th Jan 2024
Housing market activity picks up ahead of summer
Property Market

Housing market activity picks up ahead of summer

Sales and new listings jumped in November, with REINZ saying the housing market is showing signs of renewed confidence ahead of Christmas.

By Michael Curreen • 4 min read • Sun, 17th Dec 2023
Rents increasing twice as much as normal
National Party

Rents increasing twice as much as normal

New data show annual rent growth hit 6.1% in October, as tight supply and strong migration keep pressure on tenants.

By Michael Curreen • 2 min read • Thu, 7th Dec 2023
Certainty breeds confidence
Bank of New Zealand

Certainty breeds confidence

More vendors returned to the market in November as government and OCR certainty lifted buyer confidence and steadied asking prices.

By Michael Curreen • 4 min read • Sun, 3rd Dec 2023
Latest market trends in commercial property
eCommerce

Latest market trends in commercial property

Demand for prime office, industrial and retail space kept rents rising in Auckland, Wellington and Christchurch in the third quarter.

By Michael Curreen • 4 min read • Thu, 30th Nov 2023
Property market slow and steady ahead of summer
Migration

Property market slow and steady ahead of summer

Buyer activity has lifted sales and listings, with prices broadly steady and homes taking fewer days to sell across New Zealand.

By Michael Curreen • 7 min read • Sun, 19th Nov 2023
Will industrial property keep breaking records?
eCommerce

Will industrial property keep breaking records?

Vacancy constraints and rising rents have kept industrial property firm, but higher rates and a cooling economy are now testing demand.

By Michael Curreen • 5 min read • Mon, 6th Nov 2023
6 things to consider before buying a new build
Construction

6 things to consider before buying a new build

Investors risk overpaying for a new build if they ignore resale competition, parking needs and whether the development is oversupplied.

By Michael Curreen • 6 min read • Thu, 2nd Nov 2023
Confidence returns to property market post-election
Bank of New Zealand

Confidence returns to property market post-election

Buyer interest lifted in October, with new listings, auctions and asking prices all rising after the election.

By Michael Curreen • 3 min read • Tue, 31st Oct 2023
Foreign buyer tax could have wider economic benefits
Taxation

Foreign buyer tax could have wider economic benefits

A weaker New Zealand dollar is helping lure North American buyers, with one investor already eyeing NZD $50 million for local businesses.

By Michael Curreen • 7 min read • Mon, 16th Oct 2023
Property sales up pre-election
Bank of New Zealand

Property sales up pre-election

Buyers and sellers are returning to the market as September sales rose 5.1% year-on-year and homes sold in fewer days, REINZ said.

By Michael Curreen • 7 min read • Fri, 13th Oct 2023
House prices rising in 30% of suburbs
National Party

House prices rising in 30% of suburbs

A growing number of New Zealand suburbs are edging back into growth, though affordability and higher mortgage rates are likely to cap gains.

By Michael Curreen • 4 min read • Sun, 24th Sep 2023
REINZ numbers show positive outlook for property
Northland

REINZ numbers show positive outlook for property

More stock and faster sales suggest the housing market may be turning a corner before spring, despite higher rates and election uncertainty.

By Michael Curreen • 7 min read • Thu, 14th Sep 2023