Real estate 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.
Nearly all New Zealand homes sold for a profit in the June quarter, as record-low mortgage rates and tight listings drove gains.
Borrowers face higher repayments and tighter credit as rate rises, though lockdown likely postpones the Reserve Bank’s next move.
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.
Borrowers face tighter lending rules as the Reserve Bank moves to curb risky loans amid house values rising 1.8% in July.
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.
New records in prices and sales show demand is still outpacing supply, despite efforts to cool New Zealand's property market.
Stronger-than-expected demand is tightening yields and lifting values, with industrial and large-format retail assets in New Zealand most resilient.
Values are already falling in Gisborne, New Plymouth and Napier as nationwide house-price growth cools and rate rises loom.
Critics warn the draft overhaul could leave consenting slower and housebuilding harder, despite ministers promising a leaner planning regime.
Australia will need about 500,000sq m of extra industrial space a year as e-commerce pushes vacancy rates tighter and lifts rents.
Developers in NSW face a new levy on land value uplift as the state seeks to fund infrastructure and future housing growth.
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.
Rising online shopping is pushing developers to build destination precincts with stronger sustainability, social and financial returns.
Rising lending restrictions and tax changes are already cooling demand, though some agents say Treasury’s flatlining forecast may be too gloomy.
Forbury expands into UK market, opens London office and appoints new employees for local customer and business support.
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