Real estate stories
Forbury, a CRE valuation software company, achieves ISO/IEC 27001:2013 certification, confirming adherence to international information security standards.
Stretched affordability and higher mortgage rates are pushing median values down in 154 suburbs, with Auckland and Wellington among the weakest.
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.
Covid-19 has pushed digital adoption in New Zealand property, though six in ten firms still rely on spreadsheets to track portfolios.
Queensland developers are being asked to inject millions as Condev races to complete projects and avert collapse.
New Zealand’s office, retail and industrial markets are expected to mirror Australia as Omicron peaks and border openings reshape demand.
More listings and weaker buying power are easing competition, even as national house prices climbed 13.5% to a record GBP £885,000 in February.
Mortgage activity has slumped as tighter lending and higher rates cool demand, with CoreLogic warning house prices may fall further.
Rising costs and supply chain strain have left owners and subcontractors facing delays, overruns and wider disruption after Probuild's collapse.
Record resale profits are still spreading nationwide, with 99.3% of homes sold in Q4 2021 making a gross gain, CoreLogic says.
Higher borrowing costs are cooling sales and slowing price growth, with more than half of NZ mortgages set to reset this year.
Office vacancies are set to rise as firms and staff keep embracing remote work, squeezing rents and delaying landlords’ recovery.
Mortgage repayments now absorb nearly half of household income, as record house prices and weaker wages push affordability to fresh lows.
Sales volumes and price growth are easing, with REINZ figures showing weaker January activity and tighter lending weighing on buyers.
With one in four apartment blocks found to have defects, NSW has introduced a five-star system to flag risky developers before buyers commit.
Rising rates and tighter lending rules are likely to cool demand, with CoreLogic warning some fixed-rate borrowers could soon see repayments double.
First-home buyers are feeling the pinch as tighter lending rules help push New Zealand’s median house price down 1.6% in December.
First-home buyers are being refused finance after going unconditional, as tougher bank rules and lending checks squeeze borrowing.
Rising rates and tighter lending rules could cool New Zealand’s housing boom in 2022, after values topped GBP £1m nationally for the first time.
Buyers are getting more choice as supply improves, even though New Zealand house prices hit fresh records in November and growth begins to ease.
