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First signs of New Zealand housing market slowing - new report

File photo.
Photo: RNZ / Nate McKinnon
CoreLogic House Price Index tracks property value change and its latest report has found a reduction in demand of valuations, down 11 percent compared to the previous 6 months.
There are signs that there are fewer buyers talking to banks about issuing them mortgages to buy another property, CoreLogic Head of research Nick Goodall said.
From now until the rest of the year, the impact of the official reimplementation of the LVR is expected to cool the market.
He said anecdotes throughout April were of quieter open homes, a greater share of auctions passing in and fear of over paying having replaced buyers fears of missing out. ....

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First signs of New Zealand housing market slowing

First signs of New Zealand housing market slowing - new report
Eleisha Foon
© RNZ / Nate McKinnon
New data has found a reduction in demand in nationwide housing valuations which could be the first signs of the housing market slowing.
CoreLogic House Price Index tracks property value change and its latest report has found a reduction in demand of valuations, down 11 percent compared to the previous 6 months.
There are signs that there are fewer buyers talking to banks about issuing them mortgages to buy another property, CoreLogic Head of research Nick Goodall said.
From now until the rest of the year, the impact of the official reimplementation of the LVR is expected to cool the market. ....

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First signs of New Zealand housing market slowing - new report - www.indianweekender.co.nz

First signs of New Zealand housing market slowing - new report
Wednesday, May 5, 2021
Eleisha Foon for RNZ
New data has found a reduction in demand in nationwide housing valuations which could be the first signs of the housing market slowing.
CoreLogic House Price Index tracks property value change and its latest report has found a reduction in demand of valuations, down 11 percent compared to the previous 6 months.
There are signs that there are fewer buyers talking to banks about issuing them mortgages to buy another property, CoreLogic Head of research Nick Goodall said.
From now until the rest of the year, the impact of the official reimplementation of the LVR is expected to cool the market. ....

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Up to 1200 workers would be needed to build South Island data centre

Meridian Energy s generation manager, Guy Waipara, has said it was “100 per cent” behind the scheme, which aims to capitalise on Southland’s cheap, renewable power and its cool climate.
The power company has agreed to provide 100 megawatts of electricity, or about an eighth of the peak output of the Manapōuri hydro scheme, to power the data centre.
Supplied
An artist s impression of what the Datagrid facility in North Makarewa would look like.
Datagrid has selected US-owned Aecom, which employs about 700 staff in New Zealand, to design the facility.
Aecom’s previous and other current engineering projects have included consulting on Auckland’s City Rail Link, Britomart, Transmission Gulley and the New Zealand Defence Force headquarters in Wellington. ....

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