Household expectations at a low
New Zealand households are particularly concerned about the outlook for their own finances and the general economy over the next year, Westpac chief economist Dominick Stephens says.
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One in four homes purchased by first-home buyers
One in four homes purchased by first-home buyers
First-home buyers are increasingly jumping back into the housing market as near-record low interest rates and predicted price falls help them rekindle the Kiwi dream of home ownership, experts say.
Foreign buyer ban set to hit Queenstown - Westpac
Foreign buyer ban set to hit Queenstown - Westpac
Queenstown and Auckland house prices will "clearly" be hurt by the upcoming foreign buyer ban, Westpac says.
NZ house prices second-most overvalued in world
NZ house prices second-most overvalued in world
New Zealand's house prices have been ranked the most overvalued in the developed world behind only Hong Kong.
House buyers turn to Dunedin, Southland
House buyers turn to Dunedin, Southland
Annual growth rates in house values around Otago and Southland continue to climb, but growth over the most recent quarter reveals an easing to 3% or less for most places.
Move to help Q'town home buyers
Govt moves to help Queenstown home buyers
House price caps for Queenstown Lakes will be increased to enable more first-home buyers to get on to the property ladder, the Government announced today.
Otago house prices reach record highs
Otago house prices reach record highs
Record median house prices were struck in Dunedin, Queenstown and Clutha during July, as demand continued to outstrip supply in the South.
New rules for home building
New rules for home building
Thousands of homes across Dunedin will be affected by new building rules designed to protect against the damaging effects of liquefaction during a major earthquake.
Feeling the heat of the city’s property market
Feeling the heat of the city’s property market
Dunedin is the darling of the property market in New Zealand, leading the country in increases in value and the speed of sales. But can the buzz continue?
Otago June building consents down 31
Otago June building consents down 31
Otago residential housing consents eased in June, with the overall value flat at $73million, while nationally consenting was up 9.1% against last year.
South bucks housing trend
South bucks housing trend
Housing value growth rates around 10% across Dunedin, Central Otago and Queenstown remains about double the national annual average, as much of the rest of the country is in single-digit growth.
Property investors pull out
Property investors pull out
Dunedin flats are being snapped up by first-home buyers, amid concerns from landlords it will be too costly to meet the Government's new housing requirements.
Dunedin house prices lead way
Dunedin house prices lead way
House prices rose 9.8% in Dunedin in June, significantly more than the national 5.7% gain.
Trio of properties presents plum opportunity
Trio of properties presents plum opportunity
Three neighbouring Queenstown homes on the market present a plum development opportunity.
Central still least-affordable spot
Central still least-affordable spot
Central Otago Lakes remains the least-affordable region in the country, despite a $67,000 decline in house prices in the past quarter.
Dunedin house prices up by 9.2%
Dunedin house prices up by 9.2%
The annual growth in the average value of a house in Dunedin is almost double the 5.7% of the country's national figure. It is closely followed by rising house values across Central Otago and Queenstown.
Home ownership out of sight: Young Kiwis
Home ownership out of sight: Young Kiwis
Nearly half of young Kiwis believe they won't own a home by the time they retire, and most want the Government to force them to save more during their working life, research shows.
House buyer ban maintained
House buyer ban maintained
The Government is pressing on with its ban on overseas buyers of existing houses.
Still booming: House prices up 5% for record high
Still booming: House prices up 5% for record high
New Zealand house prices have set a national price record of $562,000, up 5% or $27,000 annually, driven by strong growth in areas like Tasman.
Tourism keeping property prices high
Tourism keeping Queenstown property prices high
History shows Queenstown should be bracing for an economic slump, but an expert says ''unprecedented'' tourist numbers are keeping property prices at a peak.