Property · Building · Design
CoreLogic chief property economist Kelvin Davidson said prices at the top end of Auckland's housing market had fallen by around 15% to 17% from their peak in recent years, broadly matching the decline in median house prices…
2024 is already well under way. Looking back at New Zealand's property market in 2023, bottoming out and recovering set the tone for the year. Before looking ahead to 2024, let us first revisit the dramatic ups and downs of 2019–2023.
Since the National-led coalition government was formed, its forthcoming policies for property investors and the rental market have attracted considerable attention. In this article, we explore the housing policies the new government plans to pursue and how these changes could affect future house prices and supply.
Data shows New Zealand house prices have been trending down since peaking in late 2021. Yet this does not appear to have dampened some first-home buyers' enthusiasm: 16324 buyers were still purchasing their first home in the second half of 2021.
An analysis of this week's investment market developments from 6 perspectives.
Perhaps no other country's property market has experienced the rollercoaster ride New Zealand has over the past three years, at least by some measures: from house prices surging around 40% in a year to falling by 13–18% in a year.
House prices are climbing steadily, although many parts of the country still have a long way to go before returning to their peaks.
The Reserve Bank of New Zealand says the OCR will remain at 5.5% in the near term.
Find out which areas stand out for house price growth in the latest OneRoof and Valocity data.
Take a look at what Orr actually said.