The Commerce Commission says it’s too hard, costly and slow to get new building products approved to be used in the New Zealand residential market.

Property values are falling at the fastest pace since the GFC, says CoreLogic.

A truly spectacular crash to fresh lows is being predicted for the construction industry by ANZ as building consents sank 2.3% in June compared to just 0.5% in May.

Work is underway to replace the tenancy bond service in a huge task.

A tenant who was rented an uninhabitable Swanson “smoko and social shed” as his home for a decade has been awarded $25,876 - 40% of the rent he paid over six years - after the Tenancy Tribunal found the property to be unlawful residential premises.

The total value of residential real estate across the country fell to $1.69 trillion, down from $1.73 trillion at the end of last year, with mortgages secured against 20% of that value, and the other 80% is household equity.

The ANZ bank expects house prices to now fall 15% compared to its previous expectation of 12%.

A tenants’ action group wants landlords and property managers to implement a 10 point plan it has come up with.

Hotel room rates are rising rapidly as the hotel sector recovers from the Covid-led downturn.

Canterbury investors made up the second highest number of respondents in the recent Tony Alexander Investor Insight survey, reflecting how big property investment is in the region, although activity flies below the radar for much of the public.

As contracts on off-the-plan developments and new-builds fall over because of the tough new finance laws making it difficult for buyers to get finance, due to the risks associated with them, including the rising costs of construction, warnings have been issued by the industry.

The slump in the housing market is making it difficult for landlords to find good tenants.

House prices tumbled a record $24,550, or 3% in just four weeks last month, the latest Trade Me House Price Index shows.

As climate risks increase, a long-term project has been launched to look for answers into the link between house prices and climate change.

House prices are roughly back to where they were a year ago. However, don’t expect a revitalisation of the housing market any time soon: the big slump in turnover suggests prices have further to fall before they find the market-clearing level.

Residential property sales across the country took a steep dive in June.