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Reserve Bank of New Zealand (RBNZ) Stories - Page 6

Kiwi Stories

Reserve Bank of New Zealand (RBNZ) stories

Home construction costs surge by 2.2%
Construction

Home construction costs surge by 2.2%

Homeowners face higher rebuild insurance bills as labour and materials shortages pushed residential construction costs up 2.2% in June.

By Michael Curreen • 3 min read • Fri, 17th Sep 2021
Privacy Commissioner issues compliance notice to Reserve Bank following 2020 cyber attack
Breach Prevention

Privacy Commissioner issues compliance notice to Reserve Bank following 2020 cyber attack

Privacy Commissioner issues compliance notice to Reserve Bank of New Zealand for breaching Privacy Act after cyber attack on third-party file sharing service.

By Sara Barker • 3 min read • Wed, 15th Sep 2021
Where is housing most affordable?
Real estate

Where is housing most affordable?

Westland is the country's most affordable area, with house prices at just 3.2 times income and rent and deposits well below national norms.

By Michael Curreen • 6 min read • Thu, 9th Sep 2021
Deals delayed but not disappearing following Covid resurgence
Real estate

Deals delayed but not disappearing following Covid resurgence

Property deals are being slowed by fresh restrictions, but Colliers expects demand to recover quickly once alert levels ease.

By Michael Curreen • 4 min read • Sun, 5th Sep 2021
Property market slowdown continues – house prices fall in two cities
Real estate

Property market slowdown continues – house prices fall in two cities

Affordability pressures are starting to bite, with Hamilton and Rotorua both posting quarterly falls after a rapid run-up in values.

By Michael Curreen • 7 min read • Tue, 31st Aug 2021
Property sellers make an average gain of $347k
Real estate

Property sellers make an average gain of $347k

Nearly all New Zealand homes sold for a profit in the June quarter, as record-low mortgage rates and tight listings drove gains.

By Michael Curreen • 6 min read • Wed, 25th Aug 2021
Reserve Bank holds cash rate – what it means for the property market
Real estate

Reserve Bank holds cash rate – what it means for the property market

Borrowers face higher repayments and tighter credit as rate rises, though lockdown likely postpones the Reserve Bank’s next move.

By Michael Curreen • 2 min read • Mon, 23rd Aug 2021
Further mortgage restrictions coming as house price growth continues
Real estate

Further mortgage restrictions coming as house price growth continues

Borrowers face tighter lending rules as the Reserve Bank moves to curb risky loans amid house values rising 1.8% in July.

By Michael Curreen • 6 min read • Tue, 3rd Aug 2021
Is this the turning point of New Zealand’s property market?
Real estate

Is this the turning point of New Zealand’s property market?

Rising mortgage rates and tax changes are set to cool sales, but CoreLogic says a full property downturn still looks unlikely.

By Michael Curreen • 6 min read • Thu, 22nd Jul 2021
Housing market continues to defy expectations
Real estate

Housing market continues to defy expectations

New records in prices and sales show demand is still outpacing supply, despite efforts to cool New Zealand's property market.

By Michael Curreen • 11 min read • Sun, 18th Jul 2021
Commercial property market outperforming expectations
Real estate

Commercial property market outperforming expectations

Stronger-than-expected demand is tightening yields and lifting values, with industrial and large-format retail assets in New Zealand most resilient.

By Michael Curreen • 5 min read • Thu, 8th Jul 2021
Where are property values starting to drop?
Real estate

Where are property values starting to drop?

Values are already falling in Gisborne, New Plymouth and Napier as nationwide house-price growth cools and rate rises loom.

By Michael Curreen • 6 min read • Sun, 4th Jul 2021
Housing shortage key driver of unaffordable housing market
Real estate

Housing shortage key driver of unaffordable housing market

Record-low inventory is pushing New Zealand house prices higher, leaving first-time buyers with fewer affordable options.

By Michael Curreen • 9 min read • Wed, 16th Jun 2021
Flatlining house prices – are the forecasts right?
Real estate

Flatlining house prices – are the forecasts right?

Rising lending restrictions and tax changes are already cooling demand, though some agents say Treasury’s flatlining forecast may be too gloomy.

By Michael Curreen • 5 min read • Tue, 1st Jun 2021
Are Government measures to cool housing working?
Real estate

Are Government measures to cool housing working?

Sales fell 28% in April and the median price eased to NZD $810,000, but analysts say it is too soon to judge the policy impact.

By Michael Curreen • 3 min read • Thu, 27th May 2021
First home buyers losing hope
Real estate

First home buyers losing hope

Government help may be needed as first-time purchasers’ share of the market falls to its lowest level since 2018, CoreLogic says.

By Michael Curreen • 7 min read • Tue, 18th May 2021
Property market shows signs of slowing
Real estate

Property market shows signs of slowing

Signs of cooling are emerging as quieter open homes and more auctions passing in are expected to slow gains after a red-hot year.

By Michael Curreen • 10 min read • Fri, 7th May 2021
Property market game has changed
Real estate

Property market game has changed

Investor borrowing has already been curbed, as new housing rules begin to slow sales and cool the market further in 2021.

By Michael Curreen • 6 min read • Thu, 29th Apr 2021
The best performing region for residential investors
Real estate

The best performing region for residential investors

Investors in Manawatu/Wanganui saw 25.3% capital gains and 4.0% yields, making it the country’s standout residential market.

By Michael Curreen • 6 min read • Mon, 26th Apr 2021