Huge spike in Auckland CBD rental demand     Demand for Auckland CBD rental properties has skyrocketed by 900% over the past six months, one property management company says. In March an average of five potential tenants viewed each rental property, but the average had increased to 50 per viewing by August, figures from Impression…

Beach Haven Cresta Ave apartment fight: Residents win battle to stop apartment complex     Auckland Beach Haven – In a resounding victory for concerned residents, plans for an 81-unit apartment development in Beach Haven have been successfully halted. However, questions still loom over how New Zealand will address its population growth and skyrocketing housing…

New Zealand Sees a 25% Drop in Housing Permits in July Compared to Last Year   Building consents for standalone homes drop 25%   According to data released by the Statistics Bureau on August 30, 2023, the number of new housing permits issued nationwide in July has totaled 3,058, marking a 25% decline compared to…

Mood of market changing, Barfoot says, as sales pick up   Barfoot & Thompson says the level of “buyer motivation” in the property market was at the highest level in more than two years in August – and 6.4% of sales were in the price bracket that would be open to foreign buyers under National’s…