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Century 21 stories

‘Green shoots’ emerge in declining property market
Real estate

‘Green shoots’ emerge in declining property market

First home buyers are showing renewed interest as easing lending rules and softer prices create opportunities in New Zealand’s slow market.

By Michael Curreen • 5 min read • Fri, 12th May 2023
Reserve Bank proposing to ease LVR restrictions
Real estate

Reserve Bank proposing to ease LVR restrictions

First-home buyers could find it easier to secure mortgages as lending limits are raised from 1 June, easing pressure on banks.

By Michael Curreen • 3 min read • Fri, 28th 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
How has Cyclone Gabrielle impacted the housing market?
Disaster Recovery

How has Cyclone Gabrielle impacted the housing market?

Sales and listings fell sharply in cyclone-hit regions, even as nationwide housing stock returned to more normal levels in February.

By Michael Curreen • 4 min read • Tue, 14th Mar 2023
Interest deductibility changes hitting rental market
Real estate

Interest deductibility changes hitting rental market

Rising borrowing costs and tax changes are pushing more landlords to lift rents or exit the residential market, a survey found.

By Michael Curreen • 2 min read • Mon, 6th Mar 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
‘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
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
Spring sees slight uptick in property market
Real estate

Spring sees slight uptick in property market

Higher rates and living costs are keeping sales subdued, even as more first-home buyers and bidders return to spring open homes.

By Michael Curreen • 2 min read • Wed, 12th Oct 2022
School zones now a bigger real estate consideration
Real estate

School zones now a bigger real estate consideration

Desirable school zones are propping up prices and fuelling buyer demand as families hunt for homes with stronger future resale prospects.

By Michael Curreen • 2 min read • Thu, 29th Sep 2022
The temptation to sell privately
Real estate

The temptation to sell privately

Softening house prices could tempt vendors to go private, but agents still deliver about 15% more on average, Century 21 says.

By Michael Curreen • 2 min read • Mon, 5th Sep 2022
Prices flatten with keen buyers still out there
Real estate

Prices flatten with keen buyers still out there

Demand is still holding up this winter, with first-home buyers helped by easier deposit rules and lending changes despite softer sales.

By Michael Curreen • 11 min read • Sun, 17th Jul 2022
First home buyers ‘marginally’ ahead in softening market
Real estate

First home buyers ‘marginally’ ahead in softening market

Lower entry-level house prices and wider government support are nudging first-home buyers closer to ownership despite rising rates.

By Michael Curreen • 2 min read • Thu, 23rd Jun 2022
What the cash rate increase means for the property market
Supply Chain

What the cash rate increase means for the property market

Higher borrowing costs are cooling sales and slowing price growth, with more than half of NZ mortgages set to reset this year.

By Michael Curreen • 4 min read • Wed, 23rd Feb 2022
REINZ December figures reveal house price drop
Real estate

REINZ December figures reveal house price drop

First-home buyers are feeling the pinch as tighter lending rules help push New Zealand’s median house price down 1.6% in December.

By Michael Curreen • 11 min read • Tue, 18th Jan 2022
First-home buyers not put off by rising mortgage rates
Real estate

First-home buyers not put off by rising mortgage rates

Record rents are keeping first-home buyers in the market, with mortgage payments still cheaper than paying to rent for many Kiwis.

By Michael Curreen • 8 min read • Fri, 26th Nov 2021
Vendors continue to achieve record resale results
Real estate

Vendors continue to achieve record resale results

Record-low losses and near-universal gains in New Zealand’s housing market are being driven by tight supply, strong demand and cheap borrowing.

By Michael Curreen • 6 min read • Fri, 19th Nov 2021
Property market back on the up
Real estate

Property market back on the up

New Zealand’s median house price climbed by NZD $100,000 in October, with 10 regions hitting record highs amid tight supply and strong demand.

By Michael Curreen • 13 min read • Fri, 12th Nov 2021

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