GFC stories
Sharply higher mortgage rates and refinancing demand are set to deepen New Zealand’s property slowdown, CoreLogic warns.
Higher mortgage costs and tighter lending are set to keep house prices under pressure, with June marking a third straight monthly fall.
Tighter, costlier credit is set to deepen New Zealand's housing downturn, with CoreLogic warning of more price falls and weaker sales.
Higher building costs and rates rises are set to force developers to shelve projects, threatening new home supply and affordability.
Tighter credit and higher rates are leaving first home buyers more exposed, with some regions now showing early signs of vulnerability.
Labour shortages and supply bottlenecks are pushing New Zealand construction inflation to one of the OECD’s highest levels.
Higher mortgage costs are unlikely to deter first-time buyers while rents keep climbing and remain above many monthly loan repayments.
Westland is the country's most affordable area, with house prices at just 3.2 times income and rent and deposits well below national norms.
Borrowers face higher repayments and tighter credit as rate rises, though lockdown likely postpones the Reserve Bank’s next move.
House prices could surge 30 per cent in three years unless regulators curb lending as ultra-low rates fuel debt and investor demand.
A shortage of homes for sale is fuelling record house prices and leaving buyers with fewer options, despite the busiest November in 13 years.
Auckland faces heavier truck delays and rising costs unless ministers urgently assess whether a new harbour crossing is needed by 2030.
Rents are falling in Queenstown and other pockets, but most areas are still posting gains as the recession deepens and job losses loom.
Investor activity may stay buoyant through the 2020 election, with Colliers saying housing policy shifts have usually had only a limited effect.
Property activity is likely to soften as recession, rising unemployment and a spring listings surge test demand in coming months.
Affordable townhouse projects in Auckland will get a lift as the non-bank lender commits GBP £75 million to new residential developments.
Experts say the $50 billion COVID-19 recovery plan will lift jobs and infrastructure, but warn it leaves big tax and housing gaps.
A slump in private development could let ministers add 9,400 state houses, easing a record waiting list and propping up builders.
New Zealand commercial rents and capital values are expected to keep falling as occupiers and investors stay cautious amid coronavirus uncertainty.
New Zealand property owners are being urged to avoid panic decisions, as low rates and support measures may help cushion the lockdown fallout.
