NEW ZEALAND

Prices are falling, so why is it still so expensive to buy in New Zealand?

Property values have been falling in New Zealand, but rising interest rates mean Kiwis are handing over more of their income to make mortgage repayments, CoreLogic reports.

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We may not see a property investor comeback in New Zealand for a while yet

Property investors aren't expected to make a return to the New Zealand market any time soon.

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NZ records 10th month of property value declines

Property values across New Zealand fell 0.3 per cent over January, continuing a downward trend that's lasted 10 months.

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New Zealand inflation figures remain stubbornly high

The latest New Zealand Consumer Price Index readings indicate the Reserve Bank of New Zealand is likely to opt for a 0.75 per cent increase to the cash rate when it meets next, a leading economist says.

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New Zealand unlikely to ease borrowing restrictions in 2023

The Reserve Bank of New Zealand is unlikely to ease current loan-to-value ratio restrictions that require investors to cough up a minimum deposit of 40 per cent, CoreLogic New Zealand's Chief Property Economist Kelvin Davidson says.

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Only 7 per cent of suburbs in New Zealand not experiencing price declines

While most suburbs in New Zealand have been experiencing steep home price declines in the past three months, there are still areas that have seen growth according to CoreLogic.

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New Zealand property values decline at GFC levels with further falls predicted

Agents taking stock of Australia's deteriorating market conditions should spare a thought for their Kiwi cousins, with values in New Zealand falling further than predicted in 2022.

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Further rate rises likely in New Zealand: CoreLogic

Rising inflation in New Zealand will likely mean more interest rate rises ahead according to CoreLogic. CoreLogic NZ Chief Property Economist Kelvin Davidson said the fact that inflation had not yet slowed down and that the Reserve Bank of New Zealand considered the case for a 0.75 per cent rise should indicate further tightening ahead. “The past few weeks have…

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Low-deposit finance across New Zealand becoming harder to get

Low-deposit finance is becoming increasingly hard to secure in New Zealand as banks continue to tighten lending standards.

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First-home buyers quietly returning to the market

Despite rising interest rates, first home buyers appear to have passed “peak pessimism” and are slowing returning to the New Zealand property market, according to new data.

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Property values fall in 80 per cent of New Zealand suburbs

Property prices across New Zealand continue to soften with values down in more than 80 per cent of suburbs according to new data.

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Trading up is getting easier in New Zealand

Upgrading your home is gradually getting easier across New Zealand, with new data showing the premium to trade-up is on the decline.

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New Zealand the “canary in the coal mine” for Australian property

Australian homeowners can look to New Zealand’s property market as the “canary in the coal mine” to determine what kind of impact rate hikes might have on prices, according to experts.

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Hope for NZ home buyers as housing affordability reaches a “turning point”

Housing affordability across New Zealand has reached a “turning point” as falling house prices and growing wages start to benefit buyers.

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New Zealand property prices face a test as interest rates rise and sales volumes fall

The New Zealand property market is going to face a “test” as rising interest rates and a wave of refinancing jolt the market in the next 12 months.

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‘Little respite’ for falling New Zealand property market

New Zealand could be on the cusp of a Global Financial Crisis-like property market downturn with “little respite” for falling house prices in the coming months, according to an industry expert.

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Half of New Zealand suburbs declining in value

Auckland’s Point Chevalier has a new title it probably isn’t too keen on holding as the New Zealand suburb to decrease most in value in the past three months.

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Cash buyers on the rise across New Zealand

Cash buyers who own multiple properties are on the rise across New Zealand according to new data from CoreLogic.

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Widespread fall in New Zealand property prices continues

The downwards momentum in New Zealand residential real estate values continued throughout May with prices falling 0.8 per cent.

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First home buyer activity falls away in New Zealand

New Zealand's first home buyer activity has continued to decline as higher mortgage costs have started to have an impact according to a new report.

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NZ property market prices softened in April

The New Zealand property market has recorded a modest fall in April, the first decline since the initial COVID-enforced lockdown in August 2020.

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Slowdown arrives for New Zealand’s hot property market

New Zealand’s overheated property market looks to be slowing down thanks to rising interest rates and lower demand according to a new report.

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New Zealand cash rate tipped to rise .5 per cent this week

One of New Zealand’s biggest banks has forecast the country’s reserve bank to lift the official cash rate 50 basis points on Wednesday in a bid to “rein in runaway inflation” and avoid a “deep recession”.

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New Zealand house prices continue to soften

New Zealand property prices are growing at a slower rate, with the latest CoreLogic House Price Index (HPI) showing a 0.7 per cent rise last month.

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NZ first home buyers struggling to get a mortgage

First home buyers in New Zealand are struggling to get a mortgage with tighter lending requirements and rising interest rates squeezing borrowers, according to a leading expert.

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Property boom hasn’t helped owner-occupiers

Despite property prices rising at a rapid rate in the past two years, a leading economist said the house price boom hasn’t necessarily been a good thing for all owner-occupiers.

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Record profits for NZ homeowners

Price growth in New Zealand might be slowing, but homeowners still have plenty to be happy about with the booming housing market leading to 99.3 per cent of properties being resold at a profit

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