Sales of farms and lifestyle blocks continued their downward slide in September The rural property slump deepened in September with farm and lifestyle block sales both continuing their downward trajectory. According to the Real Estate Institute of New Zealand (REINZ), just 151 farms were sold over the three months to the end of September. That's down 21% compared to the same period of last year,..

Auction with $1 reserve attracts 43 bidders to Thames waterfront property A slip knocked this red-stickered house off its foundations - the skew is not the camera - but that didn't stop it being a very hot property over the weekend. The house, in a prime waterfront position in Thornton Bay on the Thames Coast Rd, was auctioned with a $1 reserve on Saturday. And listing agent Steven Bridson of Ha..

New Zealand's 2024 Inflation Outlook and Westpac Bank's Interest Rate Forecast New Zealand - Westpac Bank has unveiled its forecasts for New Zealand's 2024 inflation rate and benchmark interest rates. It is increasingly likely that the inflation rate will remain within the Reserve Bank of New Zealand's (RBNZ) target range of 1% to 3%, and an additional interest rate hike is expected in the first..

New Zealand Announces Ambitious Plan for 100% Renewable electricity generation by 2035 New Zealand has set its sights on a remarkable goal, aiming to increase its renewable energy capacity to 100% by the year 2035. This ambitious endeavor has captured the attention of the domestic steel industry and is swiftly gaining international acclaim for its efforts to expand green energy. The government's..

New Opportunities in Commercial Real Estate Markets of New Zealand and Australia The commercial real estate (CRE) lending markets in New Zealand and Australia are experiencing growth, highlighting alternative investment opportunities. Over the past decade, the CRE lending market of major banks has grown at an average annual rate of 3.8%, while the alternative investment sector has surged at an i..

New Zealand Housing Market Resurges Alongside Election Results New Zealand, October 26, 2023 - In recent times, the New Zealand housing market has been experiencing a resurgence, closely tied to the outcomes of the recent general election. As a result, there is a growing interest in real estate sales and purchases across the country. Gavin Lloyd, a real estate sales director at TradeMe, has anal..

KiwiSaver underperforming compared to Aussie counterpart According to a recent report by KiwiSaver, there are notable disparities in performance when comparing the New Zealand-based retirement savings system to the Australian Superannuation system. KiwiSaver, a unique New Zealand institution, has been shown to underperform in comparison to Australia's Super system. A recent exclusive report by O..