Fewer houses sold in June says REINZ

Thu, 11 Jul 2019

By Rebecca Howard July 12 (BusinessDesk) - Fewer houses are selling and it’s taking longer to sell them, data from the Real Estate Institute of New Zealand shows. The number of residential properties sold across New Zealand fell to 5,978 in June, down 3.8 percent from the 6,213 sold a year earlier, REINZ said. Excluding Auckland, the number of properties fell 4 percent to 4,159. The June sales were the lowest for a June month in five years. Hawke's Bay saw 287 houses sold, down 26.8 percent from a year ago, while Taranaki saw 139 hom...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Economy

Monthly CPI tech takes Stats NZ into the future

Budget funding for new inflation-reporting tech is a giant leap forward, agency says.

Maria Slade 5:00am

Finance

$600m in tourist spend at risk from regulation: Mastercard

When Europe cut interchange fees, foreign card decline rates soared.

Pattrick Smellie 5:00am

$600m in tourist spend at risk from regulation: Mastercard

Startups

Kiwibank makes move into startup finance

Banks are stuck in a “death loop” of refusing loans for startups, says Kiwibank's CEO.

Greg Hurrell 5:00am

Kiwibank makes move into startup finance

Sponsored

Why corporate giving matters

Dave Letele and Z provide support where urgent need is overlooked.

Z Energy

Sponsored

New Zealand’s AI imperatives: Transparency and the human touch

Hard-hitting report warns uncertainty could block progress.

One NZ

More Retail

Retail

Grocers butter up shoppers in ‘yellow gold’ price fight

Foodstuffs co-ops and Woolworths say they sell butter below cost.

Gregor Thompson 5:00am

Retail

KMD Brands dips 5% on ‘disappointing’ update

The downgrade was driven by a 6.4% drop in Kathmandu sales.

Gregor Thompson 19 Jun 2025

Retail

Inventory discrepancies toy with Zuru’s NZ accounts

Zuru NZ's accounts are filed, but there are caveats.

Denise McNabb 17 Jun 2025

Retail

Freedom Furniture bought by Australian competitor

Freedom Furniture has been snapped up by competing retailer Amart, according to media reports.The Australian Financial Review (AFR) reported on Monday that Amart, which Quadrant Private Equity backs, intends to grow Freedom Furniture’s footprint from 60 stores in Australasia to b...

Gregor Thompson 16 Jun 2025

Fewer houses sold in June says REINZ

More Retail

Your company has a subscription

Team