Property Journal
Property Journal
Property Journal
New Zealand Youth Face Serious Debt Issues Due to ‘Buy Now, Pay Later(BNPL)’ System Until recently, the ‘Buy Now, Pay Later’ (BNPL) system had managed to evade regulation in New Zealand. This was because it did not fall under the definition of debt, requiring a payment period of more than 8 weeks and interest…
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Migration surge puts upward pressure on rents According to data released on Wednesday by Stats NZ, rental prices are on the rise nationwide. The “flow” measure, which includes new leases, increased by 6.2% compared to the previous year and 1% compared to the previous month in August. The inventory measure, which includes existing leases,…
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Rapid Increase in Overseas Immigration Expected to Impact New Zealand’s Real Estate Market and Economy According to Statistics New Zealand (Stats NZ), New Zealand has recorded its highest net immigration figure in a year, with 96,000 people arriving as of July. Net immigration refers to the number of people entering New Zealand minus…
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Construction Report: Residential Sector Stagnates, Non-Residential Sector Thrives In the quarter leading up to June, domestic construction activity showed a slight dip compared to the previous quarter. According to statistics released last week by the national statistical agency, seasonally adjusted construction activity for June amounted to $8.9 billion, marking a 0.1% decrease from the…
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