Signs of residential recovery from April - REINZ

Signs of residential recovery from April - REINZ
Brent Melville
Home sales for April, the month spanning most of the covid-19 lockdown, showed a 78.5 percent year-on-year drop - but there are signs of a brisk recovery into May, according to the latest numbers from the Real Estate of New Zealand. Data for April shows that Auckland managed to get more deals over the line during lockdown, accounting for 538 of the 1,305 transactions that did conclude during the month, of which 27 days were during the national lockdown.  Regionally, Southland was hardest hit, dropping 92 percent to 11 sales, Nelson was do...

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.

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