by Warren Head | Nov 24, 2023 | Latest News, Property
24.11.23 Precinct Properties Group has entered into a conditional agreement with Eke Panuku Development Auckland to acquire and redevelop the Downtown Car Park site in Auckland. Precinct will partner with Ngāti Whātua Ōrākei to redevelop the site located on the corner...
by Warren Head | Nov 17, 2023 | Property
REINZ data showed further positive momentum in the NZ housing market, supported by a surge in net migration. The number of house sales was up 8% y/y in October and the house price index rose for a fifth consecutive month and a cumulative 3.9%, after its 18%...
by Warren Head | Oct 9, 2023 | Property
9.10.23 Auction volumes are on the rise as spring ramps up ahead of the election this week. Ray White New Zealand scheduled 174 auctions during the first week of October, and that’s up a impressive 55.4% year-on-year. The group recorded an all sold clearance...
by Warren Head | Sep 27, 2023 | Property
27.9.23 Mortgage lending activity was higher in August than a year ago – the first annual rise for about two years. Part of this early-stage recovery relates to the loosening in the loan to value ratio rules from 1st June, Looking ahead, more growth in lending...
by Warren Head | Jul 6, 2023 | Property
6.7.23 Property values across New Zealand weakened in June with the monthly rate of decline accelerating, down 1.2% compared to the 0.7% fall in May. CoreLogic’s House Price Index (HPI) shows June’s decline takes the national annual rate of change to -10.6%. The...
by Warren Head | Jul 4, 2023 | Property
There were 45,159 new homes consented in the year ended May 2023, down 11% compared with the year ended May 2022, according to figures released by Stats NZ. “The latest annual number was down from the record high of 51,015 new homes consented in the year ended May...
