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Bank of New Zealand (BNZ) stories

The beginning of the end of NZ’s house price downturn?
Real estate

The beginning of the end of NZ’s house price downturn?

Signs of a floor are emerging as mortgage rates stabilise and sales improve, though values have still fallen 10.5% over the past year.

By Michael Curreen • 3 min read • Thu, 20th Apr 2023
Is the housing market a casualty of the Reserve Bank’s war on inflation?
Real estate

Is the housing market a casualty of the Reserve Bank’s war on inflation?

Mortgage rates may already be near their peak, but new borrowers still face tough affordability tests and repricing pressure for months.

By Michael Curreen • 4 min read • Wed, 5th Apr 2023
BigCommerce, BNZ team up for digital transformation
Digital Transformation

BigCommerce, BNZ team up for digital transformation

The integration helps BNZ customers digitally transform their businesses to expand customer reach, drive more sales and increase revenue.

By Shannon Williams • 3 min read • Tue, 14th Feb 2023
Property market steadying as buyers emerge
Real estate

Property market steadying as buyers emerge

Higher rates and recession fears are keeping sales weak, but buyers are reappearing as inventory swells and price falls slow.

By Michael Curreen • 9 min read • Tue, 14th Feb 2023
Are property investors out for the count?
Real estate

Are property investors out for the count?

Weak market conditions and higher borrowing costs have driven mortgaged property investors to near-record lows, though cash buyers are still active.

By Michael Curreen • 4 min read • Tue, 7th Feb 2023
Will the election have an impact on property market activity?
Real estate

Will the election have an impact on property market activity?

Uncertainty over tax and housing policy could briefly slow residential sales, though commercial activity is likely to stay driven by rates and inflation.

By Staff Writer • 4 min read • Mon, 6th Feb 2023
No reprieve for persistent property price falls
Real estate

No reprieve for persistent property price falls

New Zealand home values fell for a 10th straight month in January, leaving prices 7.2% below a year ago and raising further downside risks.

By Michael Curreen • 6 min read • Wed, 1st Feb 2023
QV releases predictions for 2023 property market
Real estate

QV releases predictions for 2023 property market

Higher borrowing costs and recession fears are expected to keep New Zealand house values under pressure through 2023, QV says.

By Michael Curreen • 15 min read • Fri, 20th Jan 2023
Waikato pleading for more rentals
Real estate

Waikato pleading for more rentals

Rental shortages are forcing some first-home buyers to purchase sooner, as Waikato’s population growth and housing demand outstrip supply.

By Michael Curreen • 4 min read • Wed, 18th Jan 2023
What were 2022’s top performing suburbs?
Real estate

What were 2022’s top performing suburbs?

Higher mortgage rates and tighter lending rules have left New Zealand’s housing market weaker than expected, with sales at a 12-year low.

By Michael Curreen • 6 min read • Tue, 10th Jan 2023
Higher mortgages create hesitant housing market
Real estate

Higher mortgages create hesitant housing market

Rising borrowing costs are keeping buyers on the sidelines as New Zealand sales fall 36.1% year on year and prices soften.

By Michael Curreen • 8 min read • Tue, 13th Dec 2022
‘One bright light’ amidst housing market downturn
Real estate

‘One bright light’ amidst housing market downturn

Sales rose nearly 8% in November, offering a rare sign of resilience as New Zealand’s median house price fell 12.4% year on year.

By Michael Curreen • 3 min read • Mon, 12th Dec 2022
Wellington at ‘epicentre’ of property downturn
Real estate

Wellington at ‘epicentre’ of property downturn

Mortgage holders may welcome easing nationwide declines, but Wellington is still leading the slump, with Porirua posting the steepest falls.

By Michael Curreen • 5 min read • Wed, 30th Nov 2022
Rising OCR sees borrowers look beyond big banks
Real estate

Rising OCR sees borrowers look beyond big banks

Higher borrowing costs are pushing first-home buyers towards brokers as the Reserve Bank lifts the Official Cash Rate to 4.25%.

By Michael Curreen • 2 min read • Wed, 23rd Nov 2022
First home buyers increase market share amid housing downturn
Real estate

First home buyers increase market share amid housing downturn

Higher borrowing costs have not stopped New Zealand first home buyers lifting their share of purchases to 24% as prices ease.

By Staff Writer • 5 min read • Mon, 14th Nov 2022
Higher buyer interest not reflected in housing market activity
Real estate

Higher buyer interest not reflected in housing market activity

Higher interest rates are cooling New Zealand’s housing market, with sales down 34.7% and buyers hesitant despite more enquiries.

By Staff Writer • 10 min read • Mon, 14th Nov 2022
Blockchain NZ appoints Ben Rose as Executive Council
Network Infrastructure

Blockchain NZ appoints Ben Rose as Executive Council

Ben Rose of Binance NZ has been appointed to the executive council of Blockchain NZ, aimed at promoting blockchain and cryptocurrency in Aotearoa.

By Zach Thompson • 2 min read • Fri, 4th Nov 2022
House prices not going up any time soon
Real estate

House prices not going up any time soon

Further official rate rises are likely to keep mortgage costs high and delay any rebound in New Zealand’s housing market.

By Michael Curreen • 8 min read • Tue, 1st Nov 2022

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