Taranaki stories
Sales fell by more than 2,500 from March as investors and first-time buyers took a wait-and-see approach to tighter lending rules.
Investors in Manawatu/Wanganui saw 25.3% capital gains and 4.0% yields, making it the country’s standout residential market.
Sales surged 14.6% year on year in February as buyers rushed to secure homes before loan-to-value restrictions returned in March.
New Zealand’s housing market remained brisk in January despite a modest month-on-month price fall, with sales and auctions both at multi-year highs.
A shortage of homes for sale is fuelling record house prices and leaving buyers with fewer options, despite the busiest November in 13 years.
Listings fell to record lows as buyers pushed Auckland’s median house price to GBP £1 million and nationwide sales hit a 14-year October high.
A New Plymouth court has ordered more than USD $250,000 in penalties and reparation after a young worker lost three fingers in unguarded machinery.
Record house prices and strong sales are fuelling doubts over Treasury’s forecast of a 5% fall by June next year.
New Zealand’s shift away from fossil fuels has a dedicated national hub, as Ara Ake opens to test clean energy options for wider uptake.
House prices and sales have climbed to four-year highs in New Zealand, despite earlier fears of a post-COVID downturn.
Property sales jumped in May as lockdown eased, but volumes remained 46.6% below a year earlier and days to sell hit record highs.
New Zealand house prices climbed to a record high in April even as lockdown froze the market and sales volumes plunged 78.5%.
Tight stock and low borrowing costs helped drive New Zealand home sales to their busiest January in four years, REINZ said.
Training for emergency venting now lets First Gas staff practise dangerous pipeline work in virtual reality, cutting risk to people and assets.
Lifestyle property sales picked up over summer, with the national median price reaching NZD $725,000 and demand still firm across several regions.
Tight supply and stronger demand lifted New Zealand house sales 12.3% in December, with prices rising in 15 of 16 regions.
Higher borrowing demand and scant listings pushed New Zealand’s national median house price to a record NZD $630,000 in November.
Six workers were put at risk after 140 litres of LPG escaped at a Taranaki gas station, prompting fines for three firms.
Sales volumes in February marked the sharpest annual fall for 16 months, even as prices kept climbing across most of New Zealand.
Lower supply is widening regional gaps, with Auckland and Canterbury cooling while most of New Zealand posts stronger house price growth.
