Monthly Archives: November 2026

Stats NZ's September-quarter CPI showed annual inflation easing to 3.7%, from 4.1% in June. REINZ says the moderation is welcome, but inflation remains above the Reserve Bank's 1–3% target band and household cost pressures continue. REINZ also notes that new-home construction costs were 3.2% higher year on year. Alongside the mortgage-rate outlook, those costs affect…

REINZ's September 2026 report describes a measured national market with significant local differences. The national median price was $755,000, down 2.3% year on year, while sales fell 11.6% to 5,752. Properties took a median 46 days to sell, three days longer than a year earlier. Inventory rose 10.7% to 34,001 properties. The Bay of Plenty…

REINZ's review of Reserve Bank figures says new mortgage commitments totalled $7.5 billion in September 2026, up 4.8% from August but 7.9% below September 2025. On a seasonally adjusted basis, lending fell 1.3% month on month. Investor lending showed the sharpest pullback: its share of new lending fell to 17.7%, and the value of new…

REINZ says the Reserve Bank held the Official Cash Rate at 2.75% on 28 October, giving buyers and sellers a period of stability after two increases since July. The Institute notes that borrowing costs are only one part of a property decision; affordability, personal circumstances and local market conditions also matter. Its September figures show…