Investors stories
Sales fell by more than 2,500 from March as investors and first-time buyers took a wait-and-see approach to tighter lending rules.
New Zealand’s housing boom lifted values in almost every main centre, with Auckland now boasting 117 suburbs above the NZD $1 million mark.
Record-low rates have lifted first home buyers to a 25% market share, but reimposed lending curbs could force many out again.
House prices in major cities have held firm through the downturn, though UBS warns falling rents and weaker incomes could trigger a correction.
Tighter lending criteria and renewed virus restrictions are likely to cool mortgage demand after July’s NZD $6.6 billion peak.
New Zealand house prices climbed to a record high in April even as lockdown froze the market and sales volumes plunged 78.5%.
New Zealand commercial rents and capital values are expected to keep falling as occupiers and investors stay cautious amid coronavirus uncertainty.
Construction firms now have detailed COVID-19 rules to resume work under Alert Level 3, aiming to protect workers and avoid a return to lockdown.
Economic worries are deepening as COVID-19 threatens recession, job losses and delayed launches across New Zealand's fintech sector.
Tight housing supply and surging demand are pushing Dunedin values up 17% a year, with buyers still outpacing new listings.
Affordability and tight supply are driving activity in cheaper districts, with Tararua, Waipa and Selwyn topping the turnover rankings.
Affordability is pushing first home buyers to dominate purchases in several New Zealand suburbs, with some taking more than 60% of sales.
CoreLogic says tighter lending and higher costs have left investors and first home buyers tied on 24% of purchases in early 2019.
More than 600 delegates will hear ministers, mayors and industry leaders discuss funding, transport and planning at Auckland’s biggest infrastructure conference.
Technology is spreading beyond startups in New Zealand, lifting banking, farming and tourism while making tech the fastest-growing industry.
Rents are climbing as Auckland's industrial vacancy rate falls to 2.1 per cent, the lowest level Colliers has recorded since 1995.
Busson and Jarre say at each stage of the New Zealand leg, they were welcomed and impressed by this country's approach to edtech.
A Kiwi online platform which helps teach financial education by creating a virtual 'classroom currency' has snapped up a top Australasian award.
In an era of ubiquitous data migration, safeguarding your data's whereabouts is crucial yet increasingly complex, says ESET researcher Cameron Camp.
The Auckland-based company will provide its security solutions to help the bureau solve high consequence crime, security and big data problems.
