Real Estate


NZ Home Prices Fall, Sales Collapse

The average house price fell by $4,000 in April, with sales slumping 45%.

New Zealand Home Prices Rise, But…

The average house price rose in March, but sales of lower priced properties plummeted.

New Zealand Home Prices Slip

The average house price fell to $337,500 in February, down 4.1 percent from November’s peak.

NZ Housing Market Turns Down

The average house price fell to $340,000 in January, down 3.4 percent from November’s peak.

Record Number of Houses for Sale in New Zealand

At 57,000, the number of houses for sale has jumped by 35% since last year.

Property Websites in New Zealand

New Zealand’s top 10 real estate websites in early 2008.

Fixed Rate Mortgages Renewed at Higher Interest Rates

Most New Zealanders are confident of meeting their mortgage repayments over the next year, but there could be clouds on the horizon for those whose fixed interest rate is about to expire.

NZ House Prices Pull Back From Peak

The average house price in New Zealand fell from the record high of $352,000 achieved in November to $345,000 in December 2007. Prices fell in five out of New Zealand’s twelve regions.

Surprise as New Zealand Property Prices Hit New High

The average house price in New Zealand has reached a new record high $352,000, although signs of a slowdown persist.

New Zealand Houses Grossly Overvalued

Bank says that high interest rates are hurting the housing market and there is no sign of relief.

New Zealand Property Prices Down

The average house price in New Zealand fell slightly from $351,500 to $350,000 between September and October 2007.

New Zealand House Prices Edge Upwards

House prices in New Zealand have edged upwards to reach a new high.

New Zealand Building Boom Continues, Pace Slows

The number and value of new houses being built in New Zealand continues to rise. The largest increases were seen in Auckland and Canterbury.

New Zealand Property Prices Recover and Reach New Highs

After two months of falls, house prices in New Zealand have recovered to reach new record highs.

New Zealand House Prices Down

For the second consecutive month, New Zealand’s average house price has dropped slightly.

House Prices in New Zealand Fall

New Zealand’s average house price has dropped slightly from last month’s record high.

House Price Rises Levelling Off?

New Zealand’s average house price has risen slightly, to a new record high of $350,000.

House Prices up Again in New Zealand

New Zealand’s average house price has risen to a new record high of $349,000.

House Prices Scale New Heights

New Zealand’s average house price has risen to a new record high of $343,500.

New Zealand House Prices At Record Levels

New Zealand’s average house price has risen to a new record high of $335,000.

British Hope To Get Onto Property Ladder In New Zealand

A quarter of British people currently trying to get onto the property ladder would consider moving as far as New Zealand to achieve their amibition.

Average House Price In NZ Falls

The median house price in New Zealand fell to $327,000 in January 2007.

House Prices On Hold

Latest figures show the median price of a house in New Zealand was unchanged at $330,000 in December 2006.

Property Prices Rise Again

The average price of a house in New Zealand has risen to $330,000.

House Prices Rise To New Heights

The average price of a house in New Zealand has risen to $324,000.

Kiwi Love Affair With Real Estate Harming Economy

The Governer of New Zealand’s central bank has expressed concern about the high levels of property investing in New Zealand.

Average House Price Returns To Record High

The average price of a house in New Zealand has recovered to its previous record high of $313,000.

Beware of Damp Houses in New Zealand

The Building Research Association of New Zealand has published the results of a survey indicating that many houses in New Zealand are damp and in need of repair.

Average NZ House Price Edges Downwards

The average price of a house in New Zealand has dipped to $310,000 from the previous month’s $313,000. Prices in several regions including Auckland, Wellington and much of the South Island showed slight rises.

Average NZ House Price Edges Upwards, Auckland falls.

The average price of a house in New Zealand has risen to $313,000 but prices in six regions including Auckland fell.

House Prices Edge Upwards

The average price of a house in New Zealand has risen to $310,000.

NZ House Prices Steady

The average price of a house in New Zealand remained unchanged last month - although gains were seen in some regions and falls in others.

House Prices Higher Again

The average price of a house in New Zealand has risen to $305,000, with wide regional variations.

Rising Sales Push House Prices Higher

The average price of a house in New Zealand has exceeded $300,000 for the first time.

House Prices Rise or Fall Depending on Region

The average price of a house in New Zealand fell slightly in December although many regions, including Auckland, reported increases.

House prices in New Zealand hit new record high

The average price of a house in New Zealand reached $300,000 for the first time in November, driven by demand in the main population centres of Auckland, Wellington and Christchurch. The average NZ house price has risen 53 percent in three years.

House prices hit new record

New Zealand’s median house price rose to a record $295,000 in October compared with $290,000 in September. October’s figure is $38,000 higher than October 2004.
Howard Morley, of the Real Estate Institute of New Zealand, said agents reported a widespread shortage of listings throughout the country, contributing to a fall in the number [...]

New Zealanders expect house price rises to continue

The ASB Bank’s Housing Confidence survey published today shows New Zealanders expect house prices and interest rates to go on rising.
The bank believes this will lead to a riskier home ownership environment in the year ahead.
The ratio of house prices to incomes is going up. This means people have higher mortgages and [...]

New Zealand house prices stabilise

New Zealand’s median house price was unchanged in September at $290,000. This is $50,000 higher than September 2004.

New house price highs for New Zealand

A new record national median house price of $290,000 was recorded in August. This is $10,000 higher than July and $42,000 higher than one year ago.

House prices rise or fall depending on region

Property prices eased in July, although sales remained strong, according to the latest Real Estate Institute of New Zealand figures.

House prices rise

After seeing price falls in April, the New Zealand housing market defied the pundits by rallying in May, a month not normally noted for increased prices.
   The national median selling price rose rose $3,000 from April’s figure to $275,000.
  The number of houses sold was down slightly from 9,416 in May 2004 to 9,280 [...]

Overseas buyers robbing Kiwis of first family home?

The Greens are expressing concern at the number of New Zealand houses being bought by people from overseas.

House prices to keep rising?

Most migrants have two items near the top of their wish-list. One is that the New Zealand Dollar will weaken. The other is that house prices in New Zealand will stop rising. Neither appears to be happening just yet - although people keep hoping.

House prices falling everywhere

After very strong rises in March, the housing market fell in April - a traditionally poor month - says the Real Estate Institute.

House prices rise sharply

The housing market rallied very strongly in March, continuing to defy predictions of a downturn says the Real Estate Institute.