New Zealand home loan affordability worsened slightly in June from May as the median house price nudged up faster than incomes.

NZers will look back on the winter of 2010 as the moment we finally realised the last decade of growth was a sham.

House prices firmed up last month, but turnover stayed low said the Real Estate Institute.

Tough new Auckland City rules about the number of real estate signs allowed on one property are being flouted, as agents wait for the supercity merger.

House values across the country are losing ground because of cautious buyers and high levels of distressed sales pulling down prices.

Some landlords are expected to boot tenants out to cash in on higher-paying renters during the Rugby World Cup.

Kiwibank, which led its rivals in cutting two-year fixed home loan rates last week, has now followed them by reducing its three, four and five year rates.

Auckland house sales slumped 16pc in June, with the average sale price falling 3.6pc from a year ago, says real estate firm Barfoot & Thompson.

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.

Real estate agents pitch to sell the Hotchin mansion.

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.