New Zealand’s years of record breaking migration appear to be over with the latest Stats NZ data showing annual net migration at its lowest since November 2015.

New Zealand’s smaller banks have grown their lending books at a faster pace then their big four Australian-owned peers in the March quarter.

Veteran mortgage adviser Bruce Patten has hung up his shingle as a broker and moved into a new role at the NZ Financial Services Group.

The era of record setting profits for New Zealand banks looks to be over with a new report revealing they saw a significant decline in the last quarter.

Sales slumped across the country in June but prices are holding up due to housing supply shortages in many markets, the latest REINZ data shows.

New owner-occupier mortgage holders have become less vulnerable to a housing market bust, higher interest rates or income loss since the Reserve Bank introduced the LVRs.

Mangere is set to be transformed by a Government programme which will build 10,000 new homes – including 3,500 market homes – in the area.

Renters United’s new plan on how to “fix renting” in New Zealand is out of touch with reality and would only exacerbate the rental housing shortage, landlords say.

Hopes of a change in the Tenancy Tribunal’s approach to meth contamination seem misplaced, with the release of its first post-Gluckman report orders on meth cases.

Tauranga and the Waikato will be the beneficiaries of some hefty Government housing infrastructure loans, it was announced today.

Grafton is the central Auckland suburb that has seen the biggest rise in median prices over the last year, according to new REINZ data.

The need to raise the property management industry’s game has prompted the Independent Property Managers Association (IPMA) to forge a new relationship with the Property Institute.

Auckland sales have dropped with the onset of winter but they are higher than the low levels recorded at the same time last year.

Sellers should reign in their price expectations as the latest QV data makes it clear that property values are flatlining and the market is quiet.

New dwelling consents in Auckland hit a 15 year high in May but economists are warning that capacity constraints mean actual building levels may not keep pace.

Subtle change of tone in this morning’s OCR announcement suggests the Reserve Bank may now be more willing to cut the OCR if need be, commentators say.