Auctions show strength

26.5.25 Auction metrics were looking positive for Ray White New Zealand last week, with 203 properties scheduled to go under the hammer ahead of this week’s OCR announcement. The group recorded a 55.8% clearance, up 14.74% year-on-year, with an average of 2.4...

Signs of a market rebound – CoreLogic

24.4.25 New Zealand’s housing market continues to show signs of recovery, with national sales activity and dwelling values both lifting in March, supported by easing mortgage rates and renewed buyer confidence, according to CoreLogic NZ’s April Housing Chart Pack....

Property values bottoming

6.3.25 New Zealand property values rose by +0.3% in February, the clearest sign yet that 2024’s ‘mini downturn’ has come to an end and that 2025 will likely see modest growth, reports CoreLogic. The median national value now stands at $807,164, which is down -16.9%...

Precinct sells Auckland hotel

5.3.25 Precinct Properties Group has entered into a conditional agreement to sell the hotel at One Queen Street in Auckland for $180 million. Scott Pritchard, Precinct's chief executive, said, "Initially purchased in 2012 and comprehensively redeveloped by Precinct,...
NZ’s coastal surburbs price explosion

NZ’s coastal surburbs price explosion

28.1.25 New Zealand’s top-performing coastal suburbs show substantial growth across a broad geographic distribution across both North and South Islands, says Ray White Group in a new report. The scale of growth is substantial, ranging from 110% five year growth in...

NZ housing uplift delayed

22.1.25 New Zealand’s housing market is better set for a price recovery, but an actual building activity recovery is still some way off, considers sharebrokers Jarden. Jarden has updated their NZ house price path and expect building starts for CY25 and CY26. House...