Expect plunging house prices? You may be disappointed

Expect plunging house prices? You may be disappointed
Jenny Ruth
Those hanging out for plunging house prices may be in for disappointment, according to former Bank of New Zealand chief economist Tony Alexander. Certainly, Trade Me said it isn't yet seeing any covid-19 impact on asking prices for properties advertised on its website. Both Trade Me and Alexander note that first-home buyers are particularly active in looking at houses available for sale. Alexander surveyed real estate agents and received 236 responses with a net 17 percent saying they believe prices are declining. However, eight respon...

More Property

Vector faces fresh complaint on unfair contract terms
Property

Vector faces fresh complaint on unfair contract terms

Vector faces more scrutiny over contract terms after Commerce Commission advice.

Garth Bray 02 Jul 2025
Vector ‘on notice’ for unfair contract terms; complainant now facing higher costs
Property

Vector ‘on notice’ for unfair contract terms; complainant now facing higher costs

A developer’s Fair Trading win against Vector feels like a loss.

Garth Bray 01 Jul 2025
Investore buys New Lynn Bunnings site for $43 million
Property

Investore buys New Lynn Bunnings site for $43 million

Investore Property has struck a deal to acquire the Bunnings complex in New Lynn, Auckland.The company told the market on Friday it had entered an unconditional agreement to acquire the property for $43 million.The 2.2-hectare site at 2–12 Titirangi Rd features an 11,000sq m buil...

Staff reporters 27 Jun 2025