Real estate stories
Forbury, a CRE valuation software company, achieves ISO/IEC 27001:2013 certification, confirming adherence to international information security standards.
Office vacancies are set to rise as firms and staff keep embracing remote work, squeezing rents and delaying landlords’ recovery.
Mortgage repayments now absorb nearly half of household income, as record house prices and weaker wages push affordability to fresh lows.
Sales volumes and price growth are easing, with REINZ figures showing weaker January activity and tighter lending weighing on buyers.
With one in four apartment blocks found to have defects, NSW has introduced a five-star system to flag risky developers before buyers commit.
Rising rates and tighter lending rules are likely to cool demand, with CoreLogic warning some fixed-rate borrowers could soon see repayments double.
First-home buyers are feeling the pinch as tighter lending rules help push New Zealand’s median house price down 1.6% in December.
First-home buyers are being refused finance after going unconditional, as tougher bank rules and lending checks squeeze borrowing.
Rising rates and tighter lending rules could cool New Zealand’s housing boom in 2022, after values topped GBP £1m nationally for the first time.
Buyers are getting more choice as supply improves, even though New Zealand house prices hit fresh records in November and growth begins to ease.
Rising listings in New Zealand are set to ease price pressures, with Wellington and Dunedin already shifting towards a buyer's market.
Tighter credit and more listings are likely to keep house price gains easing as annual growth slips for the first time since August 2020.
Record rents are keeping first-home buyers in the market, with mortgage payments still cheaper than paying to rent for many Kiwis.
Auckland’s waterfront mega-project clinched the top prize after beating 108 rivals, with judges praising its economic and social benefits.
Its portfolio value rose to GBP £3.5 billion as occupancies stayed near full and new build-to-rent projects were launched despite lockdown pressures.
Record-low losses and near-universal gains in New Zealand’s housing market are being driven by tight supply, strong demand and cheap borrowing.
New Zealand’s median house price climbed by NZD $100,000 in October, with 10 regions hitting record highs amid tight supply and strong demand.
Rising mortgage costs and tighter lending rules are expected to cool the market, even after values posted their first monthly acceleration in six months.
Higher mortgage rates and tighter lending rules are already cooling New Zealand’s housing market, with investor demand slipping further.
The planned lease rule changes could force costly disputes on struggling tenants and landlords, while favouring lawyers and large firms.
