Dunedin house values drop, worse forecast
Dunedin house values drop, worse forecast
Increasing interest rates and tighter lending rules have caused Dunedin’s house prices to take a sharp fall and a mortgage broker is warning worse is yet to come.
Unsustainable housing market poses risk to economy - Reserve Bank
Unsustainable housing market poses risk to economy - Reserve Bank
The Reserve Bank says a larger housing correction could be on the cards, as house prices remain above sustainable levels.
Canterbury house prices still rising, may escape downturn
Canterbury house prices still rising, may escape downturn
Canterbury may escape the sudden downturn in housing market value experienced elsewhere around the country.
South Island buyers are more upbeat about the housing market
South Island buyers are more upbeat about the housing market
One in four South Islanders believe house prices in their area are too high, but despite this, more than a third are confident they could buy a house in the current market.
Thousands of first-home buyers could be in trouble
Thousands of first-home buyers could be in trouble as interest repayments surge
There are fears thousands of first home buyers will be tipped into financial distress by rising mortgage rates, as the Reserve Bank tries to battle inflation.
Sloppy builders may be contributing to building inspection delays
Sloppy builders may be contributing to building inspection delays
Sloppy builders and an increase in building consents are contributing to the lengthy delays some are facing when booking a building inspection.
Dunedin boat shed sells for $95k
Dunedin boat shed sells for $95k
It may have sold on April 1, but the $95,000 paid for a picturesque boat shed at Purakaunui, 30 minutes north of Dunedin, was no joke.
‘Thrilled’ to see changes to lending laws
‘Thrilled’ to see changes to lending laws
A Dunedin woman who became the face of opposition to controversial lending laws says she is "thrilled" to see changes and hopes speaking out made a difference.
House sales drop to lowest levels since 1992 in some regions
House sales drop to lowest levels since 1992 in some regions
The Real Estate Institute says agents have linked credit law changes to a big drop in house sales in the last month.
Keen to get roofs over heads in the South
Keen to get roofs over heads in the South
When making profits for people no longer interested Kerrie Young, she took a leap of faith into the public sector. Now she is in charge of the lower South Island’s public housing stock.
Mortgage approvals in South contract
Mortgage approvals in South contract
Approval rates for mortgages in Otago and Southland dropped by 6.5% after the Govt's new lending rules came in, the latest figures reveal. And a financial expert believes the rate could be even higher now.
Vauxhall becomes Dunedin's third million-dollar suburb
Vauxhall becomes Dunedin's third million-dollar suburb
Median house values in four areas of New Zealand rose by more than $550,000 last year and three of those are in the Queenstown-Lakes District, while in Dunedin, Vauxhall has become the city's third million-dollar suburb.
David Clark calls for earlier investigation into new home loan rules
David Clark calls for earlier investigation into new home loan rules
Minister of Commerce and Consumer Affairs David Clark has called on a planned investigation into new home loan regulations to be brought forward amid concerns banks were adopting too hard a line with the guidelines.
Fears for impact of new housing rules
Fears for impact of new housing rules
Having takeaways at least twice a week or a quick bet could now, quite literally, stop you getting a home loan, Dunedin mortgage brokers are warning.
Dunedin house prices jump 19.6%
Dunedin house prices jump 19.6%
Dunedin's home values have climbed to a record average of $725,853.
Average NZ house price exceeds $1 million
Average NZ house price exceeds $1 million
It was a record year for the property market in 2021, which saw the national average value of a house top $1 million for the first time.
House building booming in Dunedin
House building booming in Dunedin
Dunedin is in the grip of a housing construction boom, more building consents having been issued in the year to October than in nearly 30 years.
Real estate agents pocket almost $2b in commission as house prices rise
Real estate agents pocket almost $2b in commission as house prices rise
Real estate agents are hoping for a record breaking 2021 as they pocket more than a billion dollars in commission fees on the back of skyrocketing house prices.
Canterbury now NZ's hottest housing market, up 32.7%
Canterbury now NZ's hottest housing market, up 32.7%
Canterbury has the hottest housing market in the country right now with the average property value rising 32.7 per cent in 12 months.
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