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17 Sep 2025 17:03
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      Home > News > Business

    The shrinking pool of properties available for sale is continuing to put pressure on house prices

    The shrinking pool of properties available for sale is continuing to put pressure on house prices


    Latest data from the Real Estate Institute shows median house prices across New Zealand increased by 19.3 per cent year-on-year, to a record 749-thousand dollars in December.

    Chief executive Bindi Norwell says we had 24 thousand properties available for sale two years ago, but currently have just 12 thousand - half the number of two years ago.

    Norwell says that increases competition for properties and there isn't enough to keep up with demand.

    © 2025 Newstalk ZB, NZCity

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     Today's News

    		 Auckland:
    Two people are injured - one critically - following a two-vehicle crash in Auckland's Ellerslie 16:57

     Environment:
    MetService has updated its weather warnings for the South Island and issued extra wind watches for Marlborough and Christchurch 16:47

     Rugby:
    The return of Cam Roigard from a foot fracture headlines 13 players released by the All Blacks to NPC duty this weekend 16:37

     Entertainment:
    Kelsea Ballerini and Chase Stokes have reportedly split 16:31

     Rugby League:
    The Melbourne Storm's hopes of advancing to the NRL grand final have been given a major boost, with halfback Jahrome Hughes returning to training following a fractured forearm 16:17

     Basketball:
    Early adversity for the Breakers ahead of their Australian NBL season-opener against the Brisbane Bullets in Auckland on Friday 16:17

     Law and Order:
    Man admits he claimed to be Charlie Kirk gunman so real suspect could flee 16:07

     Entertainment:
    Derek Hough "can't wait" to become a dad 16:01

     Entertainment:
    The Studio made history at this year's Emmy Awards with an astonishing 13 wins 15:31

     Christchurch:
    A person's been flown to Christchurch Hospital, in a moderate condition, after strong winds blew a small truck over onto an oncoming car, west of Ashburton, just after 1pm 15:27

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