Any profits investors made on their rentals since November have been wiped out.

Kiwis’ house price expectations have crashed back down to earth, the latest ASB Housing Confidence Survey shows.

Auckland’s median house price have dropped 9.3% from its peak in November last year.

A massive increase in the number of properties on the market comes at the same time as sales plummet.

A six month extension is being proposed to the date at which better insulation for new houses will be required.

Mortgage lending to investors fell sharply last month as the housing market takes a nosedive, the latest Reserve Bank figures show.

In its Monetary Policy Statement outlining a 50 basis points Office Cash Rate increase to 2%, the RBNZ says it expects a total fall of 14% in house prices by early 2024.

A Hamilton tenant who claimed his landlord removed two ‘classic Japanese’ cars from his rented home without his knowledge or permission has been awarded $1500 compensation and $2000 in exemplary damages.

Rents charged by residential landlords in most parts of Auckland has risen by about 3% year-on-year to hit $616.32 a week, figures to the end of March show.

More than $2.6 billion of commercial property was sold across the country in the second half of last year beating the long-term average.

Private space tourism took a giant leap forward last year and this has pundits wondering about hotels and other buildings popping up any time soon.

CBD retail has been the most tested sector since the onset of the pandemic.

Rising interest rates are really starting to hurt the housing market.

Westpac expects Auckland’s housing shortage to be wiped out by the end of next year.
Across the rest of the country it will take four to five years.

Investors are still sitting on the sidelines of the residential housing market.

In line with Barfoot & Thompson’s data showing Auckland’s steep decline in house sales and prices, CoreLogic’s House Price Index shows a 1.6% drop in Auckland’s house prices.