Property Market stories
A Kiwi entrepreneur has developed a flatmate-finding service called Mogeo, which is an algorithm that matches people to the perfect flatmates.
Borrowers could see lower mortgage rates after the Reserve Bank cut the official cash rate to 1.5% and hinted at another fall this year.
Auckland vendors are offering a $1.2 million home for Bitcoin, in a potential first cryptocurrency property deal for New Zealand.
Auckland’s weakness is masking stronger gains elsewhere, with provincial house values rising 8.2% over the year and interest rates low.
Auckland's weaker market is likely to drag on national property sales, even as CoreLogic sees New Zealand prices edging up about 3% this year.
House prices in Takapuna surged 30% to NZD $1.3 million, as council-led upgrades and new apartments fuel demand in Auckland’s bayside hub.
The real estate group is set to expand faster in New Zealand after Derryn Mayne bought a 25% stake, bringing ownership back into local hands.
CoreLogic says tighter lending and higher costs have left investors and first home buyers tied on 24% of purchases in early 2019.
Sales volumes in February marked the sharpest annual fall for 16 months, even as prices kept climbing across most of New Zealand.
Record-low vacancies are pushing up Wellington office and industrial rents, even as investors weigh the risk of a proposed capital gains tax.
New Zealand property investors remain upbeat despite a proposed capital gains tax, with Colliers finding prices and confidence still broadly positive.
Tenants in Auckland and Wellington face tighter leasing conditions, with record-low vacancies likely to push rents higher over the coming years.
Tighter lending, weak wage growth and fewer homes on the market are limiting any relief for first-time buyers as prices fall.
Economic growth and measured construction are keeping real estate markets in good shape, even as Brexit and trade uncertainty cloud the outlook.
North Waikato's Turangi and Huntly outperformed Auckland rivals as Century 21 New Zealand handed out its 2018 national awards in Auckland.
Low mortgage rates should keep property demand supported after the Reserve Bank left the official cash rate unchanged again, though risks remain.
Lower supply is widening regional gaps, with Auckland and Canterbury cooling while most of New Zealand posts stronger house price growth.
Strong demand and scarce listings are expected to keep Dunedin property values climbing in 2019, despite higher insulation costs for landlords.
Building consents must stay high if New Zealand is to make a dent in its housing shortfall, with the industry already running at full tilt.
Shenzhen’s skyline is set for a new landmark, with the 701-metre tower poised to become the world’s third tallest building.