Tag: Property Market

National Pegs Hopes on Build-to-Rent Policy

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Rent levels in New Zealand have risen substantially according to recent Trade Me Property data. The national median weekly rent rose to $595 in January, up by $25 a week or 4% from last year. This follows the national median having stagnated at $580 in the previous three months. According…

Housing Market Slump Expected To Persist

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The last quarter of 2022 saw a sustained decline in the country’s property market. The House Price Index (HPI) fell by 1.3% in October, 0.6% in November, and 0.2% in December. Despite the slowdown, analysts predict that there will be an ongoing weakness in the market in 2023. Issues such…

The IMF Warns New Zealand over High House Prices

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New Zealand’s relative success in handling the pandemic has been looked upon with envious eyes by many other nations. Their quick and effective reaction to the threat has helped to significantly minimise the effect on their economy and their recovery is also happening at a faster pace than most other…

NZ Housing Market’s Hot Streak Continues Despite Recession Fears

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Despite the dampening effect the pandemic has had on the global and local economy, the housing sector has managed to thrive. Even with the country likely to dip into another recession in 2021, NZ is experiencing the highest housing boom in 20 years with a record share of properties being…