MARCH 2021 – NZ PROPERTY REPORT –
JUNE 2020 – NZ PROPERTY REPORT –
May 2020 – COVID 19 economic update…
Here’s Interest.co.nz’s summary of key economic events that affect New Zealand, with news jobs are being lost at an unimaginable pace and consumer demand is shrinking with it. (source: Interest.co.nz, 6 May 2020)
April 2020 – Auckland Property Market Bruised But Stable. Real effect not likely to be seen for one month.
The Auckland property market’s first month of trading under the Covid-19 lockdown left it bruised but with its underlying stability intact.
The sales data for April released by Barfoot & Thompson’s Managing Director, Peter Thompson, came with the cautionary note that the real effect of the lockdown would not show up until May’s trading statistics.
“Not surprisingly, it was the sales numbers for the month where the biggest decline was felt, and at 552 sales these were half those for March,” said Peter Thompson.
JULY UPDATE…2019 Winter Auckland Property update.
The Auckland residential property market underwent a modest but definite shift in July with property sales prices falling and sales numbers rising.
FEB 2020 – Economists at the country’s biggest bank are warning that “a significant economic headwind” could be in the pipeline as the growth in bank deposits slows at a time of strong credit demand. And they warn that bank lending may be necessarily ‘reined in’. Recent Reserve Bank data showed that household bank deposits grew at the slowest rate last year for nine years, while housing loan growth hit its highest level since mid-2017. The banks refer to such a divergence between credit demand and deposit growth as a ‘funding gap’. In their Weekly Focus publication, ANZ NZ’s economists say the slowdown in deposit growth “matters”. “New Zealand banks need deposits to fund their lending, so the recent widening in the bank ‘funding gap’ is something we are watching closely.
ANZ PROPERTY UPDATE – NZ WIDE (jULY 2019)
This month we take a closer look at housing market performance across different regions in New Zealand. Weakness in the Auckland and Canterbury markets have weighed on the nationwide picture, with these regions comprising 42% of house sales combined. But a number of other regions have experienced strong price gains recently. Based on a number of metrics, we identify Gisborne, Manawatu-Whanganui, Tasman-Nelson-Marlborough and Otago as hotspots, while exceptional heat is being seen in Southland and Hawke’s Bay. In addition, Bay of Plenty, Waikato and Wellington markets are also running hot, just not as hot as they have been. Conditions can change quickly and the outlook is uncertain, but all else equal, strong demand in these markets appears conducive to further regional price increases. This delayed cycle relative to Auckland is not unusual for the New Zealand housing market. On the whole, we expect that the nationwide market will remain contained. But regional divergence is expected, with hotspots expected to continue to outperform while headwinds blow strongest in Auckland and Canterbury.
(Source and Copyright- ANZ)