Surprise increase in property auction action as buyers move off sidelines   The number of properties selling at auction increased last month, and the uptick was driven by activity in Auckland, the Real Estate Institute’s latest figures show. Since the peak of the market in late 2021, sales by auction have plummeted, and just 9.9%…

New Zealand’s most popular suburbs of 2023 House hunters in 2023 have been looking for bargains – even in the country’s most expensive suburbs. New research from OneRoof shows eight of the 10 most searched suburbs this year are in Auckland, including two of the most prized for school parents, double grammar zoned Remuera and…

Experts on how much house prices will rise now they’ve hit the bottom   The housing market slump is over. The consensus view of the country’s bank economists is that prices have hit or are close to hitting rock bottom – although what happens next to the market is less clear. Home-owners who are expecting…

The big split between NZ and Australian house prices   New Zealand property values have only started to hit the bottom but across the Tasman prices are on the up with packed auctions being seen and big prices being fetched. While the Australian and New Zealand markets followed a similar pattern with post-Covid price booms they have…