Property

Rental prices across most of New Zealand have fallen, offering some welcome relief for tenants. According to new data from realestate.co.nz, the national average asking rent in June 2025 was $636—down 2.7% from $653 in June 2024. Wellington renters benefited the most from the price drop,

* National average asking prices have remained flat for two and a half years. * Southland sets new price record again while Northland sees significant price decline. * New listings fall across most regions as winter cools seller activity. New Zealand’s property market has marked 2.5 years of flat average asking

Discussions are underway between Te Pare Kauika and Ngai Tahu to develop the Newfield Park Reserve into a $14.4 million community housing development. Previously known as the Southern Collective, the company creates whānau-led solutions for the people of Southland. Janice Lee wrote to council informing the ICC of the

Southland’s property market has reached new heights, with average asking prices hitting a record $564,291 in May. According to realestate.co.nz’s latest data, that’s a 6.5% jump compared to the same time last year — the highest recorded since the platform began tracking prices 18

Independent economist Tony Alexander is back with the latest on the property market, interest rates, and the state of investment property. Why are the South Island’s private debt levels looking lower than the North? What happened to the housing market recovery that some anticipated late last year? Why does

Six new homes will provide warm and dry housing for vulnerable elderly residents Council continues housing improvement plan with focus on sustainability and accessibility Construction follows community support and $7.7 million funding for future housing upgrades A new stage of Invercargill City Council’s Housing Innovation Project is now

* Property listings have grown in Invercargill and Southland, reflecting strong buyer interest. * Buyers are moving quickly as Southland’s rate of sale is faster than national average. * Low mortgage rates are encouraging first-home buyers and creating more movement across the market. Invercargill and Southland are seeing a noticeable lift in

* New scheme will let trusted builders and plumbers sign off their own simple work * Faster inspection targets aim to reduce costly delays for building projects across New Zealand * Changes expected to deliver thousands of homes annually without lengthy approval bottlenecks The Government has announced major changes to speed up home