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REINZ - Latest News [Page 3]
Lifestyle Market Continues To Ease
Thursday, 24 November 2022, 10:56 am | REINZ
Data released today by the Real Estate Institute of New Zealand (REINZ) shows 89 fewer lifestyle property sales (-6.7%) for the three months ended October 2022 than for the three months ended September 2022. Overall, there were 1,242 lifestyle property ... More >>
RBNZ Increases OCR By Record-breaking 75 Basis Points
Wednesday, 23 November 2022, 3:22 pm | REINZ
On 23 November 2022, the Reserve Bank of New Zealand announced a further increase to the Official Cash Rate (OCR) by a record-breaking 75 basis points — to 4.25%. This is the Reserve Bank’s ninth consecutive increase to tighten monetary conditions ... More >>
REINZ Supports Government’s Rental Sector Reform — Particularly Regulation Of Property Managers
Tuesday, 22 November 2022, 3:21 pm | REINZ
The Real Estate Institute of New Zealand (REINZ) supports the Government’s announcement today on rental sector reform including the introduction of a Bill to regulate the property management sector, a public consultation to clarify the acceptable maximum ... More >>
REINZ Supports Build-to-Rent Exemption From Interest Limitation Rules — But Calls For Further Clarification
Tuesday, 8 November 2022, 2:17 pm | REINZ
The Real Estate Institute of New Zealand (REINZ) supports the Government’s announcement of a new exemption from the interest limitation rules for qualifying Build-to-Rent assets. However, further clarity is required — particularly around qualification— ... More >>
REINZ September Data: September Shows Slight Uptick, But Usual Spring Lift Subdued
Wednesday, 12 October 2022, 8:59 am | REINZ
The usual spring lift appears subdued in September, though agents report more first home buyers on the market, and increased attendance at open homes and auctions in some regions. While the median property price shows a slight increase nationally, ... More >>
Reserve Bank Of New Zealand Increases OCR To 3.5%
Wednesday, 5 October 2022, 2:18 pm | REINZ
Jen Baird, Chief Executive at REINZ says: “The Reserve Bank’s announcement today of a 50 basis points increase to the OCR is the eighth increase in a row, taking the OCR to 3.5%. “With unemployment still low and inflation ... More >>
Lifestyle Market Reflects Resilience
Wednesday, 21 September 2022, 5:36 pm | REINZ
Data released today by the Real Estate Institute of New Zealand (REINZ) shows there were 120 fewer lifestyle property sales (-7.7%) for the three months ended August 2022 than for the three months ended July 2022. Overall, there were 1,439lifestyle ... More >>
Volatility And Vulnerability In The Rural Sector
Wednesday, 21 September 2022, 5:34 pm | REINZ
Data released today by the Real Estate Institute of New Zealand (REINZ) shows there were -126 fewer farm sales (-38.2%) for the three months ended August 2022 than for the three months ended August 2021. Overall, there were 204 farm sales in the three ... More >>
REINZ | Supporting The Improvement Of The New Zealand Rental Market
Thursday, 28 July 2022, 3:51 pm | REINZ
Real Estate Institute of New Zealand (REINZ) strongly supports a rental market where the interests of renters and landlords are protected. Commenting on recent activity in Wellington, Jo Rae, Head of Property Management at REINZ, says: “REINZ actively ... More >>
Initial Changes To CCCFA Lending Rules Effective Today
Thursday, 7 July 2022, 11:02 am | REINZ
Jen Baird, Chief Executive at REINZ, says: “REINZ welcomes the Government’s new guidance in the Responsible Lending Code and tweaks to the Credit Contracts and Consumer Finance Regulations 2004 — now in force. The latest amendments address ... More >>
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 >>
