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17 Jun 2024 0:54
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  •   Home > News > Business

    Softening performance in the property market - reflecting external factors at play

    Softening performance in the property market - reflecting external factors at play


    CoreLogic's Pain & Gain report reveals the proportion of properties sold with a profit, has slipped to 93 percent, at the beginning of this year.

    This compares to 99 percent sold with a profit in May 2021.

    Chief Property Economist Kelvin Davidson says more listings are offering more choice to buyers - and some are managing to get through sneaky offers.

    He says the wider influences are subduing price pressures - making it trickier for resellers compared to the market a couple of years ago.

    © 2024 Newstalk ZB, NZCity

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    BUSINESS BUSINESS
    Auckland Transport says Auckland's trains will be operating on a reduced timetable again tomorrow because of the continued industrial action by train staff More...



     Today's News

    Business:
    Auckland Transport says Auckland's trains will be operating on a reduced timetable again tomorrow because of the continued industrial action by train staff 21:57

    Law and Order:
    Police want to speak with people who saw a crash between a black SUV and a light truck and trailer near Hampton Downs on Friday 21:17

    International:
    Israeli military announces 'tactical pauses' in southern Gaza fighting to boost aid flow 21:07

    Environment:
    A severe thunderstorm warning's been issued for Wellington and the Wairarapa 18:57

    Netball:
    The Mainland Tactix are the new leaders in netball's ANZ Premiership 18:37

    Politics:
    NSW allocates $450 million for more than 400 build-to-rent homes for essential workers 18:17

    Law and Order:
    The body of a 26-year-old woman reported missing from Te Atatu Peninsula has been found 18:07

    Rugby League:
    The Edmonton Oilers have emphatically forced a game-five in ice hockey's Stanley Cup title series with an 8-1 game four win on home ice against the Florida Panthers 17:27

    Environment:
    A bout of rough weather is bound for the South Island's West Coast 16:57

    Rugby:
    All Blacks playmaker Beauden Barrett has made his return to rugby on New Zealand shores, suiting up for Coastal in the Taranaki Premier club rugby competition yesterday 16:17


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