Has the housing market found its floor?

Has the housing market found its floor?
(Image: Getty)
Brent Melville
The fact that banks didn't fully pass on the Reserve Bank of New Zealand's latest 50 basis-point-cash rate hike to 5.25% suggest the current real estate cycle has hit bottom, a property economist says. Kelvin Davidson, the chief property economist at property analytics group CoreLogic, said there had been little movement among banks and lenders to pass on the most recent interest rate hike, which signals that rates may have reached their peak, providing both buyers and sellers with more confidence. Several of the banks did tic...

More Property

Precinct plans 135 apartments for Dominion Rd
Property

Precinct plans 135 apartments for Dominion Rd

Resource consent docs reveal new details behind $13.5m Auckland property deal.

CoreLogic data suggests property market floor is nigh
Property

CoreLogic data suggests property market floor is nigh

Broad economic trends underpin the latest figures, CoreLogic's economist says.

Developer Kurt Gibbons buys Ryman’s Newtown site
Property

Developer Kurt Gibbons buys Ryman’s Newtown site

The land was formerly the site of Wellington's Tip Top bread factory.

Gregor Thompson 31 Oct 2024
Tradies to be given more self-consent powers
Property

Tradies to be given more self-consent powers

A new opt-in consenting regime will allow builders, plumbers, and drain layers to self-certify their own work for low-risk builds without the need for an inspection, Building and Construction Minister Chris Penk says.The aim is to reduce the need for council inspectors, sinking c...