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Property Market Stories - Page 8

Kiwi Stories

Property Market stories

NZ building consents fall for a third month in February
Reserve Bank of New Zealand

NZ building consents fall for a third month in February

New Zealand residential building consents declined for a third month in February, as the pace of new home building slowed.

By Pattrick Smellie • 2 min read • Tue, 31st Mar 2015
Tepid inflation surprise raises spectre of lower interest rates
Reserve Bank of New Zealand

Tepid inflation surprise raises spectre of lower interest rates

Any further downward surprises in New Zealand's already tepid pace of consumer inflation may warrant an interest rate cut, the Reserve Bank says.

By Pattrick Smellie • 2 min read • Thu, 12th Mar 2015
Auckland houses prices fall in February as volume, listings pick up
Sales

Auckland houses prices fall in February as volume, listings pick up

Auckland house prices fell in February, as listings rose and the number of properties sold reached its second-highest level in seven years for that mo.

By Pattrick Smellie • 2 min read • Wed, 4th Mar 2015
NZ house sales rise 2.6% in January, median price dips from December
Property Market

NZ house sales rise 2.6% in January, median price dips from December

New Zealand residential property sales rose in January from the same month last year, while data confirmed house prices in Auckland continue to gal.

By Pattrick Smellie • 2 min read • Wed, 11th Feb 2015
Auckland January house prices slip from December's record in holiday lull
Migration

Auckland January house prices slip from December's record in holiday lull

Auckland house prices edged lower in January from record levels the previous month as sales volumes steadied during the summer holiday period, acco.

By Pattrick Smellie • 2 min read • Wed, 4th Feb 2015
NZ property value annual growth accelerates in January
Inflation

NZ property value annual growth accelerates in January

New Zealand's residential property values grew at a faster annual pace in January as a shortage of houses for sale in Auckland continued to fan the.

By Pattrick Smellie • 3 min read • Tue, 3rd Feb 2015
NZ business confidence eases in December, still buoyant
Inflation

NZ business confidence eases in December, still buoyant

New Zealand business confidence slipped in December, while staying largely upbeat, as inflation remains tame in spite of a growing economy and expo.

By Pattrick Smellie • 2 min read • Fri, 19th Dec 2014
NZ weekly rents rise 5.3% in November as annual increases slow
Reserve Bank of New Zealand

NZ weekly rents rise 5.3% in November as annual increases slow

NZ sees a 5.3% rise in weekly rents for November, signalling a slowing trend in annual increases, with Trade Me noting housing rents plateauing.

By Pattrick Smellie • 2 min read • Mon, 15th Dec 2014
Tame NZ inflation expectations may still be too high, RBNZ says
Inflation

Tame NZ inflation expectations may still be too high, RBNZ says

Tame expectations for increases in New Zealand consumer price increases could still be too high, and the Reserve Bank is reviewing the way it asses.

By Pattrick Smellie • 3 min read • Thu, 11th Dec 2014
Bunnings triples annual profit in NZ as pickup in construction spurs demand
Sales

Bunnings triples annual profit in NZ as pickup in construction spurs demand

Bunnings, the hardware chain owned by Australian Wesfarmers, more than tripled annual profit in New Zealand, as a booming property market stoked de.

By Pattrick Smellie • 2 min read • Wed, 10th Dec 2014
RESEND: Vital Healthcare flags A$14.4M of new projects, buys land in Melbourne
Health Technologies

RESEND: Vital Healthcare flags A$14.4M of new projects, buys land in Melbourne

Vital Healthcare Property Trust, the country's biggest listed medical and healthcare property investor, has signalled A$14.

By Pattrick Smellie • 2 min read • Thu, 4th Dec 2014
RBNZ constrained in influencing long-term rates, Wheeler says
Property Market

RBNZ constrained in influencing long-term rates, Wheeler says

The Reserve Bank's influence over long-term interest rates is limited by global investor activity, and it may need to call on further macro-prudent.

By Pattrick Smellie • 3 min read • Mon, 1st Dec 2014
Argosy Property lifts first-half profit 25% on occupancy boost, divestments
Shares

Argosy Property lifts first-half profit 25% on occupancy boost, divestments

Argosy Property Fund lifted first-half earnings 25 percent as New Zealand's fourth-largest listed property investor boosted its occupancy rate and.

By Pattrick Smellie • 2 min read • Wed, 19th Nov 2014
UPDATE: RBNZ keeps LVR restrictions in place as housing risks remain
New Zealand Dollar

UPDATE: RBNZ keeps LVR restrictions in place as housing risks remain

The Reserve Bank will retain restrictions on low-equity mortgage lending because governor Graeme Wheeler continues to see risks in the housing mark.

By Pattrick Smellie • 6 min read • Wed, 12th Nov 2014
UPDATE: Weekly rental increases hit city-dwellers rather than the provinces
Trade Me

UPDATE: Weekly rental increases hit city-dwellers rather than the provinces

Urban renters feel the pinch as weekly rental costs soar by 6.4%, with cities facing sharper increases compared to provincial areas.

By Pattrick Smellie • 3 min read • Tue, 11th Nov 2014

Global Stories

Property Market stories

MARKET CLOSE:NZ shares fall; Genesis, Merdian drop as investors book gains
Power / Energy

MARKET CLOSE:NZ shares fall; Genesis, Merdian drop as investors book gains

New Zealand shares fell, snapping four days of gains, led by Genesis Energy, Meridian Energy and MightyRiverPower as investors looked to crystalise.

By Pattrick Smellie • 5 min read • Wed, 12th Nov 2014