Category: new zealand real estate

There are signs that the housing market downturn in New Zealand might be easing, according to the CoreLogic NZ Monthly Property & Economic Update for November 2024. While property values are still declining, the rate of decline is slowing. The CoreLogic Home Value Index (HVI) fell 0.5% in October, following a 0.4% drop in September. These are s...

New Zealand's residential property market continues to grapple with high prices, particularly in the Auckland region. In June 2024, the average sale price in Auckland reached approximately one million New Zealand dollars, the highest in the country. Auckland City, being the most populated city, reported an even higher average sale price of around 1...

The New Zealand housing market slumps experiencing a significant downturn in June, with the nationwide median sale price dropping by 1.3% year-on-year and house sales plummeting by 25.6% over the same period. Data from the Real Estate Institute of New Zealand reveals that this marks the worst sales count for a June month since 2008, with Auckland e...

New Zealand's recent recession declaration has homeowners and aspiring buyers worried about the housing market's future. Experts warn of potential consequences and offer guidance for navigating this uncertain time. Recession's Ripple Effect Recessions, a natural part of the economic cycle, often follow periods of significant growth. The curre...

  The New Zealand housing market continues to navigate a complex landscape, with positive indicators counterbalanced by potential headwinds. Here's a breakdown of the key trends: Sales Activity Picks Up, But Not Quite There Yet: Sales figures offer a glimmer of hope. Compared to April 2023, house sales have seen a 25% increase. Howeve...

Auckland's housing market is experiencing a resurgence in activity, with some real estate agencies reporting its busiest sales month in two years. The average sale price in Auckland has reached $1.2 million, reflecting a 10% increase from the previous month. This positive outlook comes after a period of decline caused by rising interest rates. H...

Recent data from OneRoof and its data partner Valocity reveal that house prices in every suburb across New Zealand have experienced an increase over the past five years. Notably, 10 suburbs have witnessed a remarkable doubling of property prices, with the most substantial surges occurring in the country's lower-priced regions. These trends primaril...

The New Zealand property market has always been a topic of interest for investors, first-home buyers, and economists alike. With the latest NZHL Property Report, we get a comprehensive overview of the current market dynamics, buyer activity, price trends, and more. This article aims to dissect these findings, offering a fresh perspective on what...

Over the past four years, the housing market has experienced significant fluctuations. Initially, house prices dipped in response to the COVID-19 pandemic but then skyrocketed by 40%. This surge led to the nationwide average property value peaking at $1.09 million in February 2022. However, prices subsequently dropped by 14%, reaching a low of $943...

The year 2023 has been an intriguing one for New Zealand's real estate market, aptly described as a 'year of two halves' in CoreLogic's Best of the Best report. The landscape of the country's real estate underwent significant shifts during the year, with declining sale volumes and house prices characterizing the first half, followed by a noticeable...