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Former comedian and mental health advocate Mike King and his wife Joanna have sold their Papatoetoe home under the hammer for $1.5 million. 

Wealthy foreign investors will once again be able to buy or build luxury homes in New Zealand, following a major policy reversal designed to inject fresh capital into the nation’s struggling economy.

Property Brokers takes top honours in four categories ahead of competitors, and were finalists in a further fifteen categories at the 2025 REINZ Awards for Excellence.

New Zealand’s housing market has undergone a notable shift in buyer composition, with first home buyers (FHBs) continuing to hover around their highest share of purchases in 20 years, while existing homeowners trading up or down remain at historically low levels.

The Reserve Bank today cut the Official Cash Rate by 0.25% to 3.00%, its sixth reduction in this cycle. The move underlines the bank’s intent to support growth, with lower borrowing costs expected to fuel confidence across housing and the broader economy.  

The increase is likely attributed to internal migration to these regions, as affluent Kiwi buyers relocate for lifestyle, space and quality new builds. New Zealand Sotheby’s International Realty managing director Mark Harris says buyers are looking to these regions as they seek more in a property; whether it’s more land,

New Zealand property owners are realising the lowest rate of resale profits in more than 10 years, as subdued values and elevated stock levels continue to give buyers the upper hand. Cotality NZ’s latest Pain & Gain Report shows 89.4% of properties resold for more than their original purchase price in the June 2025 quarter, down from 90.7% in the March quarter and the lowest rate since mid-2014.

Competition is kicking in early ahead of the spring property season, with Loan Market recording a 53 per cent surge in home loan pre-approvals over July compared to a year ago.

Despite robust market fundamentals, including population growth, rising rents and solid price growth, new listings for residential properties across Australia remain constrained. This persistent and widespread decline suggests the market is being shaped by structural, rather than seasonal, factors. LJ Hooker Head of Research & Business Intelligence Mathew Tiller outlined his Top 5 reasons why listings are down:

Sam McIntyre, founder of Ownly, has been awarded Trade Me Property’s Innovator of the Year 2025, selected from over 900 submissions across New Zealand’s 16,000+ licensed agents.

We need to talk about something I see all the time: a beautiful new logo, a fresh colour palette, maybe even a shiny website refresh... but no consistent content, no updated blog, no regular social posts, and definitely no clear message.

Harcourts Elevate officially opened its doors with a glamorous grand opening event, showcasing their stunning new, state-of-the-art offices. The event was attended by community members, partners, and key figures in the real estate industry, marking a significant milestone for Harcourts Elevate as they aim to redefine excellence in real estate services.