Southland stories
Sales fell by more than 2,500 from March as investors and first-time buyers took a wait-and-see approach to tighter lending rules.
Investors in Manawatu/Wanganui saw 25.3% capital gains and 4.0% yields, making it the country’s standout residential market.
Record prices and a 14-year sales high show New Zealand's housing market is still racing ahead despite tighter lending rules and tax changes.
New Zealand’s housing market remained brisk in January despite a modest month-on-month price fall, with sales and auctions both at multi-year highs.
A shortage of homes for sale is fuelling record house prices and leaving buyers with fewer options, despite the busiest November in 13 years.
More than 600 new homes are planned for a 70-ha Invercargill site, with developers saying the project could ease pressure on buyers.
Listings fell to record lows as buyers pushed Auckland’s median house price to GBP £1 million and nationwide sales hit a 14-year October high.
Record house prices and strong sales are fuelling doubts over Treasury’s forecast of a 5% fall by June next year.
Quality controls and flexible production have helped a South Island dairy plant hit world-class hygiene results and win export approvals.
A New Zealand dairy plant is already beating hygiene benchmarks, with microbial results far below accepted limits after its first season.
House prices and sales have climbed to four-year highs in New Zealand, despite earlier fears of a post-COVID downturn.
New transmission upgrades and extra storage will be needed as the smelter’s exit frees up 12% of New Zealand’s electricity, experts say.
Consumers faced an extra USD $80 million bill as the Electricity Authority found Meridian’s spilling also raised emissions and fossil fuel use.
Property sales jumped in May as lockdown eased, but volumes remained 46.6% below a year earlier and days to sell hit record highs.
New Zealand house prices climbed to a record high in April even as lockdown froze the market and sales volumes plunged 78.5%.
Lockdown has forced Invercargill Central to push back its planned opening, complicating talks with Farmers and bank financing for the project.
Tight stock and low borrowing costs helped drive New Zealand home sales to their busiest January in four years, REINZ said.
Lifestyle property sales picked up over summer, with the national median price reaching NZD $725,000 and demand still firm across several regions.
Tight supply and stronger demand lifted New Zealand house sales 12.3% in December, with prices rising in 15 of 16 regions.
Construction firms in the south will get more local support as new purpose-built training rooms open in Dunedin.
