KPG, GMT, PCT:3 REIT stocks in news as property prices dip

he question Asking prices for houses in New Zealand have come down, making it a buyers’ market.  While the trend is visible all over NZ, it is more pronounced in Wellington and Bay of Plenty, where the average asking price has dropped...

Highlights: The NZ Government declared a $1.4 billion funding for Auckland on Thursday. Vital’s shares entered a trading halt as the company plans to raise $200 million. Kiwi Property raised its dividend guidance for FY22. The NZ go...

Highlights According to a property research company, NZ is a buyers’ market now The first quarter of the year has seen a slowdown in sales after a decade The reasons are Omicron, reduced availability of credit and high mortgage rates ...

o increase. Inflation has further risen to 6.9% in New Zealand, according to figures released by StatsNZ. This could mean that the Reserve Bank will increase the official cash rate (OCR) based on the latest Consumer Price Index (CPI) in its late...

Highlights Banks raise interest rates after the central bank raised the OCR by 50 bps ANZ was the first bank followed by BNZ and ASB The hike in mortgage rates might dampen the housing market further Three banks have raised interest rates...

Highlights APL announces the sale of 35 Graham Street Its sale price is NZ$65 million over a carrying value of NZ$62 million The stock gained more than 16% after opening Asset Plus (NZX:APL) announced the sale of 35 Graham Street, Aucklan...

Highlights According to today’s data, volumes and values of houses are down. The CoreLogic house price index said that this shows the power to buyers. The drop in prices of property in March is across the country. According to new d...

Highlights Stats NZ reveals that there has been a record rise in NZ consented homes annually. Even the numbers for the month of February 2022 are record high. Reflects on the rise in demand for property in NZ. According to Stats NZ’...

Highlights NZ’s high level of debt and rising interest rate could pose serious problem for the economy, says IMF in its recent report. Prices are still high and their affordability still low NZ housing to get a boost by expanding social ...

The International Monetary Fund (IMF) on Thursday said New Zealand’s high levels of household debt, borrowers’ vulnerability to rising interest rates and banks’ high exposure to housing loans could be a risk for the economy. In i...