News & Research

In the end the Reserve Bank (RBNZ) took the cautious path and held the official cash rate (OCR) at 1%, at least for now (a cut could still come through in the New Year). Meanwhile, other figures that they released an hour after the OCR decision may also give the RBNZ reasons to be cautious. In particular, the...

The NZ housing market showed further signs of strengthening across the board in October with all main urban areas experiencing a lift in property values.

The New Zealand financial landscape is changing. The concentration on compliance and responsible lending is pivoting institutions away from simply fighting for home loans to increase market share and profitability.

The latest research from Auckland Cityscope shows that property sales value have increased over the past three months.

Generally speaking, the parts of the country that have had a strong flow of listings over the past year have had muted value growth, including Te Kauwhata and Pokeno, both in the Waikato District.

Within Auckland, the CoreLogic Suburb Scorecard shows that Kumeu and Long Bay have had the highest shares (more than one in every five) of their housing stock listed for sale over the past year, and this choice for buyers will have been one factor behind falling property values in those areas.

After a lull in August, mortgage lending activity rebounded strongly in September – again driven by owner-occupiers, but this time with investors also showing signs of life. The figures suggest that the easing of the interest rates used for banks’ internal serviceability tests in late August has had an...

The latest research from Wellington Cityscope shows that commercial property sales have increased significantly in total sales value in the last quarter. For the three months to October 2019, there were 21 sales at a total value of $194.2 million, compared to the 14 sales at a total value of $39.1 million for...

The New Zealand property market is ticking over, with sales volumes relatively stable and average values rising in a controlled fashion.

Mortgaged investors’ share of purchases was 25% in Q3, returning their presence to its highest level since late 2016. It’s not just a % market share rise either – the number of purchases has increased too. The rise in mortgaged investors’ market share has been seen across the country, and in Dunedin cash...

After surging higher from late 2015 to early 2019, Wellington City property values have gone flat since March, and falls have actually been seen in some suburbs. In terms of the causes, all the usual suspects seem to be in play – a rise in listings, more dwelling consents, and cautious buyers. Certainly, with...

In recent months, building insurance in Wellington has become a hot topic in the media. Most of the debate so far has been around insurance for individual homes – but the latest rumblings in the market suggest apartment insurance could be the next wave to come crashing down on the Wellington property market.