News
First ‘golden visa’ sales: Buyers from Germany, US, South Korea and China snap up Kiwi homes
13+ hour, 32+ min ago (1047+ words) - Foreign buyers are purchasing high-end homes under the new "golden visa" rules. - Four purchases have been approved since March 6, including for two properties in Auckland. - Agents report increased interest from US, European and Chinese buyers seeking safe and stable investments....
Why the housing market is the least of the Reserve Bank's worries
13+ hour, 50+ min ago (484+ words) The five things you need to know about the housing market this week. 1. Reserve Bank strikes a cautious tone about interest rates There have been some key speeches made by Reserve Bank officials in recent days, which have tended to…...
Cheap reno cash: NZ's biggest bank offers 2.5% rate to homeowners
1+ week, 21+ hour ago (621+ words) - ANZ is offering a low-interest Reno Loan for homeowners to borrow up to $50,000 at 2.5%. - The loan targets customers with at least 20% equity, aiming to kick-start renovation projects. - ANZ's Emily Mendes Ribeiro said accessing finance for renovations was a major hurdle…...
‘Nasty’ fuel shocks and deserted open homes: What escalating Iran war means for NZ house prices
1+ week, 1+ day ago (1865+ words) - The war in Iran has caused oil prices to spike, leading to panic buying of petrol. - Real estate agents are prepared for potential fuel shortages, using technology to manage contracts remotely. - Experts say the situation may impact buyer behaviour, with…...
Kiwi buyers in NZ's wealthiest town now facing competition from Aussie plumbers
1+ mon, 4+ week ago (1122+ words) - Queenstown-Lakes is attracting Australians, including tradies, due to the strong Australian dollar. - The favourable exchange rate makes it easier for Australians to buy property and get mortgages. - Australian interest is high in Queenstown, driven by its amenities and lack of…...
‘You should all move down here’: What you can get for $739K in NZ’s cheapest city
2+ mon, 1+ week ago (668+ words) - Tim Frampton highlights Invercargill's appeal to young and older buyers, emphasising affordable housing and lifestyle. - A four-bedroom home at 22 Fairview Avenue, Hawthorndale, is listed for $739,000. - Invercargill offers high employment, great weather, and amenities like an indoor velodrome and stadium. They…...
Fastest rise in Kiwi mortgage debt since 2022 - jump to $389bn
2+ mon, 3+ week ago (236+ words) 1. Mortgage activity continues to rise First things first, happy New Year! For obvious reasons, the past couple of weeks have been light for data releases, so I thought I'd take this opportunity to dig a bit deeper into the Reserve…...
NZ house sale profits in 2025: Who enjoyed the biggest gains and the biggest losses
3+ mon, 9+ hour ago (1860+ words) - House resale profits have shrunk since the Covid highs, with nationwide losses rising from 1% to 12%. - Auckland and Wellington saw resale losses reach nearly 20%, with median losses over $70,000. - Queenstown and Southland had the lowest share of losses, with Queenstown's median gain…...