Despite a decrease in home prices, November saw New Zealand rents remain at record highs, as reported by Trade Me. In November, the statistics indicated that the median weekly rent throughout the country was $580. A 4% increase compared to…
According to recent figures from Quotable Value, the average value of a New Zealand property is falling by more than $1200 every week. The QV House Price Index put the average value of a home in New Zealand at $945,568…
The recent downturn in New Zealand’s property market has sent shockwaves through the real estate industry, marking a significant milestone with its 12-year low. This development, while concerning, offers insights into the shifting dynamics of the housing sector and its…
A rise in construction costs has been blamed on New Zealand‘s efforts to open the market up to more competitors and novel items. A study by the Commerce Commission looking into the residential building materials market was released on Tuesday…
The longtime president of the NZPIF discusses his greatest regret and proudest accomplishment. The longtime president of the New Zealand Property Investors Federation (NZPIF) has resigned after working on behalf of property investors for a quarter of a century. Andrew…
The owners of one New Zealand home are offering a free Tesla to potential buyers to boost interest in their property as the housing market continues to decline. Brand new Tesla and brand new home: that’s the tagline for an…
The Real Estate Institute of New Zealand (REINZ) reports that rising interest rates are deterring purchasers from entering the housing market, even though there are almost 75 percent more homes available than at the same time last year. It has…
There are 925 properties in the Treaty Settlement Landbank, managed by Toit Te Whenua Land Information New Zealand. Homes, apartments, schools, train stations, jails, police buildings, kiwi fruit farms, quarries, tennis courts, and former hospital grounds were among the properties…
Homeowners in New Zealand who made their purchases during the height of the country’s inflated property market have been cautioned by analysts that sharply rising interest rates might put an enormous financial strain on them. Rising interest rates and decreasing…
The ANZ bank has raised its previous prediction of a 15% drop in home values from their late 2021 high to a current estimate of a 20% drop. Although housing market predictions are laden with ambiguity, ANZ analysts said in…