Westpac economists expect house prices to fall about 2 per cent this year and another 2 per cent next year.

House prices will fall gently for the next two years before levelling out, says a leading bank economist.

New Zealand's housing market is "still way overpriced" by international measures, says Finance Minister Bill English.

One of New NZ's most expensive houses, once owned by the Sultan of Brunei, has just got flasher after its owner's secretive but major do-up.

The number of consents issued for new homes fell 9.5 per cent during May, following a 13.4 per cent rise during April, Statistics New Zealand says.

Hanover Finance co-founder Mark Hotchin will not be moving into his $30 million Paritai Drive mansion.

About 10,000 new homes need to be built in NZ to keep pace with population growth and ease the current housing squeeze, a new report shows.

New Zealand's property title transfer system is secure and changes have improved it, a Government official says.

All the major trading banks have now lifted their mortgage rates, with BNZ becoming the last to move following the recent OCR hike.

Is our property passion dead?

Next year thousands of cashed-up rugby-going foreigners will invade NZ shores.But how much will they be prepared to pay for a comfy bed and their own kitchen during the World Cup?

ASB Bank has become the first big bank to lift its interest rates - and it says there are more to come.

New Zealand's housing market is running out of puff.

House prices fell 1.4 per cent across New Zealand in May, according to the latest REINZ Monthly Housing Price Index, released this morning.