The NZ property market has plateaued, with a rise in new listings failing to boost the market.

A real estate agent has been sentenced to home detention for lying to a client about the sale of his house.

Homes are at their most affordable in six years - apart from in Auckland, where the average weekly mortgage is more than $570 a week.

A fees fight has broken out between the Govt's real estate agent organisation and the Real Estate Institute.

New Kiwibank head Paul Brock is urging potential first home buyers not to be spooked and to go out and buy, so long as they can afford to.

Property values across NZ have fallen 1.4pc since March, with big city valuers reporting a lack of well presented, quality properties on the market.

Auckland house prices rebounded during September, after falling the month earlier, figures released by Barfoot and Thompson show.