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What have two years of Covid taught us about property?
Property Market

What have two years of Covid taught us about property?

Sharp falls never came, but tighter credit and rising mortgage rates now threaten to turn New Zealand's Covid-era property boom into a buyer's market.

By Michael Curreen • 5 min read • Thu, 24th Mar 2022
Rising interest rates and tighter credit weighing on housing demand
Bank of New Zealand

Rising interest rates and tighter credit weighing on housing demand

Mortgage activity has slumped as tighter lending and higher rates cool demand, with CoreLogic warning house prices may fall further.

By Michael Curreen • 5 min read • Tue, 1st Mar 2022
Highest paying regions revealed
Manufacturing

Highest paying regions revealed

Auckland, Bay of Plenty, Taranaki and Wellington now top the pay table, as median hourly wages climb to NZD $27 across trades and industrial jobs.

By Staff Writer • 5 min read • Tue, 15th Feb 2022
Property monthly growth rate drops back below 2%
Bank of New Zealand

Property monthly growth rate drops back below 2%

Tighter credit and more listings are likely to keep house price gains easing as annual growth slips for the first time since August 2020.

By Michael Curreen • 7 min read • Wed, 1st Dec 2021
Rapid Covid tests finally get the go-ahead
Ministry of Health

Rapid Covid tests finally get the go-ahead

The rollout begins in Auckland hospitals and for travellers, as ministers face criticism for delaying quicker Covid detection by over a year.

By Michael Curreen • 3 min read • Thu, 7th Oct 2021
Strong Spring predicted for property market following lockdown
Northland

Strong Spring predicted for property market following lockdown

Lockdown has not cooled demand, with New Zealand house prices hitting another record as spring listings are delayed and buyers stay active.

By Michael Curreen • 12 min read • Tue, 14th Sep 2021
Where is housing most affordable?
GFC

Where is housing most affordable?

Westland is the country's most affordable area, with house prices at just 3.2 times income and rent and deposits well below national norms.

By Michael Curreen • 6 min read • Thu, 9th Sep 2021
Property market slowdown continues – house prices fall in two cities
Bank of New Zealand

Property market slowdown continues – house prices fall in two cities

Affordability pressures are starting to bite, with Hamilton and Rotorua both posting quarterly falls after a rapid run-up in values.

By Michael Curreen • 7 min read • Tue, 31st Aug 2021
Is the cooling housing market just a winter lull?
Northland

Is the cooling housing market just a winter lull?

Record prices are still climbing, but a drop in sales and inventories suggests winter may not be the only reason for the slowdown.

By Michael Curreen • 13 min read • Wed, 18th Aug 2021
Ownership change for Century 21 New Zealand
Small Business

Ownership change for Century 21 New Zealand

The franchise's headquarters will move to Manawatu after Tim Kearins bought Derryn Mayne's 25% stake in Century 21 New Zealand.

By Michael Curreen • 2 min read • Fri, 6th Aug 2021
Man racks up fines for obstructing WorkSafe inspections
Risk & Compliance

Man racks up fines for obstructing WorkSafe inspections

A logging operator has been fined NZD $12,000 after blocking inspectors from a Wairarapa site and missing a required WorkSafe interview.

By Michael Curreen • 2 min read • Thu, 8th Jul 2021
Where are property values starting to drop?
Bank of New Zealand

Where are property values starting to drop?

Values are already falling in Gisborne, New Plymouth and Napier as nationwide house-price growth cools and rate rises loom.

By Michael Curreen • 6 min read • Sun, 4th Jul 2021
Best performing suburbs in 2021 so far
Hybrid & Remote Work

Best performing suburbs in 2021 so far

Cheaper provincial suburbs have driven New Zealand's property boom, with Manunui up 51.8% and Hargest selling in just six days.

By Michael Curreen • 5 min read • Mon, 21st Jun 2021
Billions poured into rail revival
Supply Chain

Billions poured into rail revival

The funding will create hundreds of jobs and lift freight reliability as ageing locomotives and wagons are replaced nationwide.

By Staff Writer • 4 min read • Fri, 21st May 2021
First home buyers losing hope
Bank of New Zealand

First home buyers losing hope

Government help may be needed as first-time purchasers’ share of the market falls to its lowest level since 2018, CoreLogic says.

By Michael Curreen • 7 min read • Tue, 18th May 2021
Trucker’s mistake disrupts national freight network
Supply Chain

Trucker’s mistake disrupts national freight network

The closure delayed freight for nearly 24 hours after a truck struck a Taihape rail bridge, with 11 trains cancelled and costs to be recovered.

By Michael Curreen • 3 min read • Mon, 15th Mar 2021
Record breaking February as buyers rush to beat LVRs
Northland

Record breaking February as buyers rush to beat LVRs

Sales surged 14.6% year on year in February as buyers rushed to secure homes before loan-to-value restrictions returned in March.

By Michael Curreen • 10 min read • Fri, 12th Mar 2021
January sees slight dip in house prices
Northland

January sees slight dip in house prices

New Zealand’s housing market remained brisk in January despite a modest month-on-month price fall, with sales and auctions both at multi-year highs.

By Michael Curreen • 11 min read • Wed, 17th Feb 2021

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