The Real Estate Institute of New Zealand (REINZ) has called for a review of the current loan-to-value ratio limitations, as its latest data has revealed a significant drop in the number of properties sold nationwide last month.

The data found the number of sales across New Zealand in July fell by a quarter (24.5%) when compared to the same time last year, and the number of properties sold in Auckland fell by 30.6% (for the same period).

ASB economist continues to forecast a healthy economic growth outlook for New Zealand, but housing market has slowed down and business is predicted to be in a goldilocks condition.

According to the latest ASB uarterly economic forecast, the housing market, particularly in Auckland, is “losing steam.” Volume of house sales fell by 30% over the last year. Affordability challenges, additional loan restrictions, lifts in mortgage rates and reduction in the “fear of missing out” will be key drivers of the slower market conditions, ASB chief economist Nick Tuffley said.

Statistics NZ says there was a rise in consents issued in the year ended June 2017

The total number of new houses, townhouses and flats that were consented in the 12 months to June 2017 was 30,453, a rise of 4.7% from the previous 12 months. But even with the rise, there will still be a supply shortage.

The Government will co-invest up to $600 million, alongside local councils and private investors in network infrastructure, for new housing developments through a re-purposed ultra-fast broadband company, according to latest report from the New Zealand government.

Crown Infrastructure Partners, formerly Crown Fibre Holdings, will attract private investment for roading and water infrastructure to support the timely increase of housing supply.

CoreLogic's latest property market report highlights the weakness in the City of Sails and most other major markets.

Market activity is set to remain subdued at least through the winter, the report says, and the share of buyers arranging mortgages for Auckland homes is also subdued.

Interest rates are rising, but Whangarei business owner Tonya Russell says the prospect of bigger loan repayments hasn't really crossed her mind yet. She has her mortgage divided into smaller loans, set across different terms, with an offset facility, to minimise her exposure to rate changes.

The mortgage on her business property is fixed, with interest-only payments. "I'm risk averse," she says. "I hope I get a good rate [when I refix]. But the economy is out of my control so I don't worry about it. If I have to earn more money I will."

Your mortgage could become thousands of dollars more expensive in the next couple of years - but new research shows, like Russell, New Zealanders aren't worried. A survey of almost 2000 homeowners, conducted by New Zealand Home Loans, found more than half were either unconcerned or neutral about the potential for future interest rate rises.

New Zealand’s median weekly rent has registered 4.7% up from a year ago but remained unchanged in the last six months, according to latest Trade Me Property Rental Index.

With the median weekly rent unmoved at $450 since January, head of Trade Me Property Nigel Jeffries said the rental property was a “mixed bag” throughout the country in June.

Data from the Ministry of Social Development shows that incomes have increased fairly evenly across New Zealand’s families but housing costs are disproportionately hitting the poorest.

The report has led to widespread criticism of the government’s record on tackling housing affordability and income equality.

The New Zealand Initiative think tank highlights that real incomes have increased over the past 20 years or so by roughly the same percentage for those in the twentieth percentile to those in the middle.

However, housing costs are pressuring families, particularly those at the lower end of the income scale. Income inequality is worse after including housing costs.

Stats NZ says there was a rise for housing consents in April, almost reversing the decline in the previous month.

Housing consents reached almost 2,800 in May, a rise of 7% from April on a seasonally-adjusted basis.

New Zealand’s building & construction minister has been criticised for lacking detailed information on Auckland’s Special Housing Areas.

Tuesday’s appearance on Radio New Zealand’s Morning Report by Nick Smith has been slated by the Green Party which says he should know whether his affordable housing scheme is working or not.

The property valuation firm QV says that the pace of house price growth is the slowest since March 2015.

New Zealand’s home values have increased 8.1% in the year to June with a 1.2% gain in the past three months.