QV House Price Index, June 2023: Rate of decline softens   Housing prices are still declining, but the ‘average home value’ has fallen 11.8% from a year ago, and the decline is gradually easing. According to the ‘QV House Price Index’ released on July 11th (Tue), the quarterly average home price until June fell by…

Sellers ready to ‘wait and see’ in uncertain real estate market   An increasing number of home buyers have less choice in the market, according to a new report from the online market place realestate.co.nz. It says listings fell by more than 20 percent in the year ended June, with the website seeing the fewest…

Where it’s cheaper to buy a bigger house in NZ   1. Is trading up back on the agenda? Has the drop in prices made trading up easier or harder for buyers? With the housing market now at or close to the bottom, it’s worth considering, as prices are likely to rise from hereon in…

Number of new housing consents returns to the level of May 2021   Although the annual number of newly approved housing constructions has decreased compared to the previous year, it has been shown to recover to the level of 2021. According to the statistics agency’s announcement, the total number of newly approved housing constructions nationwide…