Property Market Stories - Page 12

Global Stories

Property Market stories

Bricks and Agent registers 185% revenue growth using AI

The proptech company Bricks and Agent almost tripled in size (185% of revenue growth) last year and now has more than 1,300,000 users in ANZ and the UK.

By Gaurav Sharma • 6 min read • Fri, 5th May 2023

Stories from Other Regions

Property Market stories

Bank of New Zealand

‘Green shoots’ emerge in declining property market

First home buyers are showing renewed interest as easing lending rules and softer prices create opportunities in New Zealand’s slow market.

By Michael Curreen • 5 min read • Fri, 12th May 2023

Property Market

New listings lowest on record for April

Potential sellers are holding back as tight credit and uncertain interest rates drive April new listings to record lows nationwide.

By Michael Curreen • 4 min read • Mon, 1st May 2023

Bank of New Zealand

Reserve Bank proposing to ease LVR restrictions

First-home buyers could find it easier to secure mortgages as lending limits are raised from 1 June, easing pressure on banks.

By Michael Curreen • 3 min read • Fri, 28th Apr 2023

GFC

The beginning of the end of NZ’s house price downturn?

Signs of a floor are emerging as mortgage rates stabilise and sales improve, though values have still fallen 10.5% over the past year.

By Michael Curreen • 3 min read • Thu, 20th Apr 2023

Northland

Two regions buck downward trend in latest property figures

National prices kept falling in March, but the West Coast and Southland posted annual gains as sales slowed and homes stayed longer on the market.

By Michael Curreen • 5 min read • Tue, 18th Apr 2023

Supply Chain

Industrial property’s appeal continues

Vacancy remains near record lows as demand keeps industrial property attractive to investors, even as rising costs slow new development.

By Michael Curreen • 5 min read • Mon, 10th Apr 2023

Bank of New Zealand

Is the housing market a casualty of the Reserve Bank’s war on inflation?

Mortgage rates may already be near their peak, but new borrowers still face tough affordability tests and repricing pressure for months.

By Michael Curreen • 4 min read • Wed, 5th Apr 2023

Auckland University of Technology

Auckland CBD’s Skyworld complex up for sale

Vacancy and redevelopment plans have cut Skyworld’s annual income to GBP £2.3 million, but the site could be reshaped into a major mixed-use precinct.

By Michael Curreen • 4 min read • Thu, 30th Mar 2023

Disaster Recovery

How has Cyclone Gabrielle impacted the housing market?

Sales and listings fell sharply in cyclone-hit regions, even as nationwide housing stock returned to more normal levels in February.

By Michael Curreen • 4 min read • Tue, 14th Mar 2023

Property Market

Wellington tops Australasian office markets

Government demand and a flight to quality have left Wellington’s CBD with the lowest office vacancy among major Australasian markets at 5.4%.

By Michael Curreen • 5 min read • Sun, 12th Mar 2023

Property Market

Interest deductibility changes hitting rental market

Rising borrowing costs and tax changes are pushing more landlords to lift rents or exit the residential market, a survey found.

By Michael Curreen • 2 min read • Mon, 6th Mar 2023

GFC

One in four vendors make a loss on apartments

Higher interest rates and softer prices left apartment owners hardest hit, with a quarter of Q4 resales in loss and median losses at a decade high.

By Michael Curreen • 3 min read • Tue, 21st Feb 2023

Bank of New Zealand

Property market steadying as buyers emerge

Higher rates and recession fears are keeping sales weak, but buyers are reappearing as inventory swells and price falls slow.

By Michael Curreen • 9 min read • Tue, 14th Feb 2023

National Party

Are property investors out for the count?

Weak market conditions and higher borrowing costs have driven mortgaged property investors to near-record lows, though cash buyers are still active.

By Michael Curreen • 4 min read • Tue, 7th Feb 2023

New Zealand Labour Party

Will the election have an impact on property market activity?

Uncertainty over tax and housing policy could briefly slow residential sales, though commercial activity is likely to stay driven by rates and inflation.

By Staff Writer • 4 min read • Mon, 6th Feb 2023