Property · Building · Design
The latest data and economists’ surveys and analysis paint a complex market outlook. The recovery in house prices is certainly encouraging, but the risks behind the figures warrant closer consideration.
Meanwhile, experts also urge caution over the risks of floating rates. Although some borrowers choose to float briefly while waiting for lower fixed rates, this is a “gamble”.
Meanwhile, mortgaged investors with multiple properties recovered to a 23% share of purchases in October, up from a low of less than 21% in April.
The capacity map not only helps developers quickly identify areas able to support development, but also highlights places currently facing bottlenecks, such as Warkworth.
Failing to keep enough money in reserve could leave you stuck when you least expect it. Today, we look at how buyers can plan their finances throughout the process and avoid potential risks.
In rural Whitford, south Auckland, first-time home builders Neville Nair and Shireen Nair successfully built a house despite limited experience and a tight budget, striking the perfect balance between their dreams and their needs. Today, we share their story.
The data also shows that unemployment rose from 4.6% in the previous quarter to 4.8% in the September quarter. Against this backdrop, most economists have shifted to supporting a 50 basis point cut.
In its Financial Stability Report released last week, the Reserve Bank discussed potential mortgage repayment difficulties and loan default risks arising from higher unemployment, while noting that lower mortgage rates would help cushion these risks.
The latest figures show a structural shift in New Zealand’s residential construction market, with quarterly increases in building consents accompanied by clear changes in the types of homes being approved.
Last night, Republican presidential candidate and former US president Donald Trump declared victory in the 2024 US presidential election, sparking widespread discussion around the world.
After high interest rates and a subdued market in 2024, New Zealand’s housing market could see a fresh dawn in 2025.
New Zealand’s construction industry has experienced significant employment growth in recent years, but new challenges have followed: hazardous work and high staff turnover are among the issues holding back productivity growth.