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REINZ - Latest News [Page 3]
Reinz & Tony Alexander Real Estate Survey: Buyers Still Standing Back As Prices Ease
Tuesday, 5 July 2022, 12:30 pm | REINZ
There are many negative forces in play in the housing market currently — ranging from 3% to 3.5% increases in fixed mortgage rates, shortages of credit, shortages of construction staff and materials, net negative migration outflows, collapsed FOMO ... More >>
Farm Sale Volumes Ease, But Results Remain Robust
Thursday, 23 June 2022, 10:40 am | REINZ
Data released today by the Real Estate Institute of New Zealand (REINZ) shows there were 50 fewer farm sales (-11.0%) for the three months ended May 2022 than for the three months ended May 2021. Overall, there were 403 farm sales in the three months ... More >>
REINZ May Data: Buyers Step Back, Annual Median House Price Growth Recedes
Wednesday, 15 June 2022, 9:40 am | REINZ
Tighter credit conditions, higher mortgage rates and increased housing supply continue to affect the New Zealand property market. Sales are slower to complete, property is staying on the market longer and upward pressure on prices is easing, according ... More >>
REINZ & Tony Alexander Real Estate Survey: Buyers Continue To Step Back
Thursday, 9 June 2022, 11:05 am | REINZ
This month’s survey shows that in the face of rising interest rates, tight credit availability, worries about recession, negative developments offshore, talk of a brain drain, business failures and resourcing issues in the construction sector, ... More >>
REINZ Sees 2022 Budget’s Support For First Home Buyers As Positive Step
Thursday, 19 May 2022, 7:20 pm | REINZ
Affordable rental market for all Kiwis remains a challenge Key highlights REINZ supports changes to First Home Grants and First Home Loans as positive move for first home buyers and backs six-monthly reviews REINZ supports funding for public housing. ... More >>
REINZ April Data: Property Market Slows Further; Positive Outlook For Able Buyers
Thursday, 12 May 2022, 9:32 am | REINZ
April shows a further slowdown in sales activity, more moderate price growth and, as properties stay on the market for longer, it appears favourable to buyers backed by equity, according to the latest data and insights from the Real Estate Institute ... More >>
Amendments To Unit Titles Act Will Deliver Greater Protection For Owners And Buyers
Monday, 9 May 2022, 2:41 pm | REINZ
The Unit Titles (Strengthening Body Corporate Governance and Other Matters) Amendment Bill (the Bill) has passed its third reading in Parliament and will shortly receive Royal Assent. The Real Estate Institute of New Zealand (REINZ) welcomes the news, ... More >>
REINZ & Tony Alexander Real Estate Survey: Buyers In No Hurry For Now
Friday, 6 May 2022, 3:46 pm | REINZ
Our fourth survey of licensed real estate agents for 2022 has revealed conditions to be as weak as they have been since the start of the year. First home buyers and investors have backed away, agents report that prices in their area are falling, ... More >>
REINZ Supports Residential Property Manager Regulation As Positive Move For The Profession
Wednesday, 27 April 2022, 10:00 am | REINZ
REINZ welcomes the Government’s proposed regulation of residential property managers. As the industry body representing the vast majority of real estate professionals, REINZ has advocated in this space for several years and considers it an urgent priority. ... More >>
REINZ March Data: Market Consolidates At New Pace, Supply Continues To Grow And Demand Ease
Thursday, 14 April 2022, 10:22 am | REINZ
March solidifies the changes in the market seen over the past months as pressure on property prices eases, inventory levels increase, demand softens and sales activity decelerates, according to the latest data and insights from the Real Estate Institute ... More >>
Reserve Bank Announces Double Rate Increase To OCR
Wednesday, 13 April 2022, 5:25 pm | REINZ
Jen Baird, Chief Executive at REINZ says: “It was inevitable that the OCR would be increased again — however, the lift by 50 basis points from 1% to 1.5% this afternoon may have caught some off guard. “We’re coming out of an extended period ... More >>
Property Prices Rise Faster Than Rent Prices In Second Half Of 2021, Says REINZ
Thursday, 10 March 2022, 1:14 pm | REINZ
Gisborne was the strongest performer for residential investors, with the highest annual increase in rental price and the only region to see an increase in rental yield year on year, according to the latest edition of the Capital Gains and Rental ... More >>
REINZ January Data: Sales Activity Down In January, Price Growth Eases
Tuesday, 15 February 2022, 9:09 am | REINZ
While January figures usually reflect the holiday slow down, the data suggest compounding factors are influencing a decrease in sales activity and easing of price growth nationwide, according to the latest data and insights from the Real Estate Institute of New Zealand ... More >>
REINZ & Tony Alexander Real Estate Survey: Buyers’ Market Now In Place
Wednesday, 2 February 2022, 9:09 am | REINZ
The Government’s Credit Contracts and Consumer Finance Act (CCCFA) changes have had a substantial impact on the residential real estate market, especially for first home buyers. Whereas it was the 23 March announcement on tax changes that encouraged ... More >>
Million-dollar-plus Property Sales Increase Across New Zealand In 2021
Thursday, 27 January 2022, 11:48 am | REINZ
2021 shows a sharp increase in the percentage of million-dollar property sales across New Zealand, according to the Real Estate Institute of New Zealand's (REINZ) Million Dollar Price Report . In 2021, the number of properties sold nationwide for $1 million ... More >>
A Healthy Close To 2021
Tuesday, 25 January 2022, 3:32 pm | REINZ
Data released today by the Real Estate Institute of New Zealand (REINZ) shows there were 256 fewer farm sales (-46.6%) for the three months ended December 2021 than for the three months ended December 2020. Overall, there were 293 farm sales in the ... More >>
Volatility In The Lifestyle Sector
Tuesday, 25 January 2022, 3:31 pm | REINZ
Data released today by the Real Estate Institute of New Zealand (REINZ) shows there were 433 fewer lifestyle property sales (-22.4%) for the three months ended December 2021 than for the three months ended November 2021. Overall, there were 1,503 lifestyle ... More >>
REINZ December Data: Property Market Closes On A High After Strong Year
Tuesday, 18 January 2022, 9:27 am | REINZ
REINZ December sales data rounds off a strong year in the New Zealand property market, with prices and activity holding strong and steady. However, commentary from agents across the country suggest market headwinds are gathering strength, according to ... More >>
REINZ November Data: Prices Continue To Rise — Growth Rate Shows Signs Of Easing
Monday, 13 December 2021, 9:05 am | REINZ
Property prices climbed further in November, early signals suggest price growth will continue though more moderately, according to the latest data from the Real Estate Institute of New Zealand (REINZ), source of the most complete and accurate ... More >>
REINZ Welcomes Amendments To Healthy Homes Standards
Tuesday, 7 December 2021, 12:00 pm | REINZ
The Real Estate Institute of New Zealand (REINZ) welcomes recently announced changes to the Healthy Homes Standards, which see amendments to the heating formula and ventilation standard. REINZ provided feedback to the Ministry of Housing and Urban Development ... More >>
