Property values hit nationwide record as slowdown looms

Property values hit nationwide record as slowdown looms
Dan Brunskill
New Zealand property values have reached record highs across all regions, although the coronavirus outbreak is set to stymie growth.  Kiwibank senior economist Jeremy Couchman described the housing market as a “bright spot amongst the gloom” but warned covid-19 was likely to dim the glow throughout the year.The Real Estate Institute of New Zealand house price index, which measures the changing value of property in the market, increased 8.7 percent year-on-year to a record high of 3,013.The index for New Zealand excluding Auckland increased...

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Investore buys New Lynn Bunnings site for $43 million
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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