Property Market stories
Residential and commercial owners face higher rates bills after the district's rateable value climbed to NZD $8.353 billion on strong demand.
Buyer demand has kept the spring auction market subdued, with the combined capital clearance rate slipping to 44.1% and Sydney down to 45.6%.
Lower prices are drawing investors back to Auckland, but weak rents, higher costs and modest capital growth are limiting the appeal.
Home sellers face weaker demand as QV says buyers have the upper hand and the average New Zealand house value has slipped to $892,580.
Planning delays, labour shortages and weaker small builders are slowing Australia's housing pipeline, with only 23% of new home builds finishing on time.
Auckland sellers are facing longer waits and steeper losses as the average asking price slips below $1 million for the first time in six years.
Fewer than half of capital city homes sold at auction last week, as volumes dropped 23.8% and Sydney dominated activity despite a softer market.
Vietnam's expanding property market has helped JLL build a 350-strong local team, with industrial, logistics and data centres now driving demand.
National home values are now 5.2% below their March peak, as weaker sales and rising stock point to a broader housing slowdown.
An urgent Somerset hotel refinance completed in under a month, helping the borrower avoid default after a valuation was reused to save time.
More homes changed hands as vendors met the market, with clearance rates lifting to a 19-week high even as values stayed below a year ago.
Many buyers are overlooking flood and other hazard risks, leaving some homeowners exposed to higher premiums or uninsurable properties.
Property owners could save about NZD $107 million as new earthquake rules cut the number of Rotorua buildings classed as prone from 66 to 40.
Record investment is following better disclosure, with India and Vietnam drawing USD $12 billion as Asia Pacific drives transparency gains.
Borrowing power has fallen by nearly AUD $90,000 for a median-income household, leaving sales and prices under renewed pressure.
Buyer caution is weighing on capital-city property sales, with the combined preliminary auction clearance rate slipping to a ten-week low of 50.3%.
Australia's housing slump has begun to erode resale gains, with the share of profitable sales slipping from a 21-year high in June.
Slower job security and economic uncertainty are leaving many relocating owner-occupiers on the sidelines, even as first-home buyers stay active.
Higher interest rates and price mismatches are leaving more homes unsold, as Australia's capital-city clearance rate slips to 49.1%.
Pressure on UK occupiers to rethink warehouse and estate plans is driving TMX Transform's latest senior hire as it expands in Europe.
