Latest news with #JamesWilson
BBC News
3 days ago
- Sport
- BBC News
Kilgour rejoins Bristol Rovers as Wilson leaves
Bristol Rovers have re-signed defender Alfie Kilgour on a free transfer following his release from Mansfield Town. The news comes as central-back James Wilson leaves the club by mutual consent. Kilgour, 27, joined the Stags from Rovers in January 2023 but much of his time at the club was disrupted by long-term injury after rupturing his Achilles tendon the summer after he made 46 appearances for Mansfield in total, with 17 during the last campaign awhen he was in and out of the Bath-born centre-half joined Bristol Rovers aged seven and went on to play 118 games after progressing from the academy to the first previously worked with boss Darrell Clarke during his first spell at the club. "It feels absolutely amazing to be back," Kilgour told the club website."I class Bristol Rovers as my home, so it's good to be back home for sure. "It's a fresh start and it is new beginnings, and some might even say there is a bit of unfinished business."Head coach Clarke added: "It was a little under 10 years ago that I included Alfie in a Rovers squad for the first time, while he was still with our Under 18s."He has developed into an excellent player who still has room to get even better, and I am excited that he has come home, and we have the chance to work together again." Wilson's departure follows a decision by the club to trigger a one-year extension in his contract last 36-year-old, who won a cap for Wales in 2013, played 80 times for Rovers after arriving from Plymouth Argyle in started all 46 of the club's League One matches last season and scored three goals for the club over his two-year spell. "Everyone at Bristol Rovers would like to thank James for all his efforts during his time with the Gas and wishes him well in his future career," a club statement read.
Business Wire
3 days ago
- Business
- Business Wire
Skyworks Unveils Industry's First Clocks for Ethernet and PCI Express® With 18fs RMS Phase Jitter
IRVINE, Calif.--(BUSINESS WIRE)--Skyworks Solutions, Inc. (Nasdaq: SWKS), an innovator of high-performance analog and mixed-signal semiconductors connecting people, places and things, today announced its latest timing products, the SKY63104/5/6 family of jitter attenuating clocks and the SKY62101 ultra-low jitter clock generator. Based on Skyworks' fifth generation DSPLL® and MultiSynth™ technologies, these devices enable any-frequency, any-output clock generation and single-IC clock tree solutions for the most demanding networking, data center and industrial applications. Skyworks Unveils Industry's First Clocks for Ethernet and PCI Express® With 18fs RMS Phase Jitter Share The SKY63104/5/6 family of jitter attenuating clocks and SKY62101 clock generators are the industry's first clock devices that can simultaneously generate Ethernet and PCI Express® (PCIe) spread spectrum clocks with unparalleled ultra-low jitter performance. These products provide ultra-low jitter reference clocks for 224G PAM4 Ethernet SerDes with 18fs RMS phase jitter, while generating standards-compliant spread spectrum PCIe clocks (PCIe Gen 1/2/3/4/5/6). Outputs can be independently configured for Ethernet, PCIe and/or general-purpose clocking, making them suitable for a wide range of applications, including: Internet infrastructure: Optical and Ethernet networking equipment, including edge/core routers and switches and OTN equipment Data centers: Spine and leaf switches, top-of-rack switches, SmartNIC Cards, and AI accelerators Industrial: Medical imaging, test and measurement, audio/video broadcast/distribution systems, and satellite communications 'We are excited to introduce the SKY63104/5/6 family of jitter attenuating clocks and the SKY62101 ultra-low jitter clock generator,' said James Wilson, vice president and general manager for Mixed Signal Solutions at Skyworks. 'Our advanced DSPLL® and MultiSynth™ technologies set a new benchmark for performance and integration, enabling our customers to greatly simplify clock generation in their most demanding applications.' The explosive growth in network bandwidth, cloud computing, and AI in data centers is driving the adoption of 112G/224 PAM4 SerDes technology in 800G/1200G/1600G networks, compelling the need for ultra-low jitter reference clocks. Additionally, PCIe links used for chip-to-chip communication in data center applications are getting faster and faster. PCIe Gen 6 supports a data rate of 64GT/s, doubling the necessary bandwidth requirements over the previous Gen 5 and creating demand for lower-jitter PCIe reference clocks. The SKY63104/5/6 family of jitter attenuating clocks and SKY62101 clock generators feature 12 outputs in a space-saving 8x8mm QFN package with wettable flanks that provide improved board level assembly reliability. These products offer the widest frequency output range from 8kHz to 3.2GHz with highly configurable clock outputs supporting multiple formats, including LVDS, HCSL, LVPECL, LVCMOS, S-LVDS, and CML. They also provide very low output-to-output skew of ±50ps with output delay adjustments as low as 50ps steps. Outputs can be independently configured for PCIe applications, with optional spread-spectrum clock generation for EMI reduction. Combining Ethernet, PCIe, and general-purpose clock generation in a single device enables hardware designers to implement complex heterogenous clock tree designs with the fewest number of components, simplifying design and accelerating time to market. Simplified device configuration is available using Skyworks' ClockBuilder Pro software. Additionally, these products offer excellent hitless switching with phase transients as low as 35ps while providing compliance with the ITU-T G.8262 Synchronous Ethernet (SyncE) Options 1 and 2, ITU-T G.812 Type III and IV, ITU-T G.813 Option 1, and Telcordia GR-1244 and GR-253 (Stratum-3/3E) standards. For more information about the SKY63104/5/6 family and the SKY62101 clock generator, please visit About Skyworks Skyworks Solutions, Inc. is empowering the wireless networking revolution. We are a leading developer, manufacturer and provider of analog and mixed-signal semiconductors and solutions for numerous applications, including aerospace, automotive, broadband, cellular infrastructure, connected home, defense, entertainment and gaming, industrial, medical, smartphone, tablet and wearables. Skyworks is a global company with engineering, marketing, operations, sales and support facilities located throughout Asia, Europe and North America and is a member of the S&P 500® market index (Nasdaq: SWKS). For more information, please visit Skyworks' website at: Safe Harbor Statement Any forward-looking statements contained in this media alert are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include without limitation information relating to future events, results and expectations of Skyworks. Forward-looking statements can often be identified by words such as 'anticipates,' 'expects,' 'forecasts,' 'intends,' 'believes,' 'plans,' 'may,' 'will' or 'continue,' and similar expressions and variations or negatives of these words. Actual events and/or results may differ materially and adversely from such forward-looking statements as a result of certain risks and uncertainties including, but not limited to, our ability to timely and accurately predict market requirements and evolving industry standards and to identify opportunities in new markets; our ability to develop, manufacture, and market innovative products and avoid product obsolescence; our ability to enable solutions for the most demanding applications; our ability to compete in the marketplace and achieve market acceptance of our products; delays in the standardization or commercial deployment of 5G or AI technologies; the availability and pricing of third-party semiconductor foundry, assembly and test capacity, raw materials and supplier components; the quality of our products; our products' ability to perform under stringent operating conditions; and other risks and uncertainties identified in the 'Risk Factors' section of Skyworks' most recent Annual Report on Form 10-K (and/or Quarterly Report on Form 10-Q) as filed with the Securities and Exchange Commission ('SEC'). Copies of Skyworks' SEC filings can be obtained, free of charge, on Skyworks' website ( or at the SEC's website ( Any forward-looking statements contained in this media alert are made only as of the date hereof, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. Note to Editors: Skyworks and the Skyworks symbol are trademarks or registered trademarks of Skyworks Solutions, Inc., or its subsidiaries in the United States and other countries. Third-party brands and names are for identification purposes only and are the property of their respective owners.
Scoop
16-06-2025
- Business
- Scoop
NZ Housing Market Steadies As Sentiment Cautiously Lifts
Press Release – QV HPI The rate of decline in the housing market has slowed again, with national residential property values largely holding steady throughout May. Our latest QV House Price Index shows nationwide values have inched up just 0.1% to a new national average of $913,772 in the May quarter. That figure is 1.1% lower than the same time last year and 14.1% below the market's peak in late 2021. Across New Zealand's main urban areas just Whangarei (3.2%), Hastings (1.1%), Nelson (1.1%), and Christchurch (1.3%), recorded average home value growth in excess of 1% throughout the three months to the end of May 2025. Hamilton (0.5%), and Tauranga (0.2%) values rose slightly. While Auckland (-0.5%), Wellington (-1.7%), Palmerston North (-0.9%), and Dunedin (-0.8%), recorded losses. QV operations manager James Wilson said, 'The housing market is still softening, but doing so at a slowing pace with signs of tentative confidence beginning to surface.' 'With interest rates easing and more owner-occupiers re-entering the market — particularly in the middle and upper-middle brackets — we're observing a return to activity in the main urban centres. This has helped stabilise national values and reduced the number of areas experiencing declines.' 'Investor activity is also picking up, especially in lower-value and regional markets. This, combined with steady demand from first-home buyers, is starting to generate subtle competitive pressures. However, high stock levels and cautious vendor expectations are still keeping price growth in check.' 'Ongoing global uncertainty, including from US trade tariffs and escalating conflicts, along with local concerns about job security are still contributing to a climate of caution,' Mr Wilson said. 'While we don't expect a dramatic winter upswing, it's likely we'll see growing buyer engagement as confidence continues to build.' Northland The Northland market has seen an upswing in the second quarter of the year with values up 2.2% and the average value across the region is $738,936. Values are now 0.9% lower than they were in May last year, and 10.0% below the previous peak of late 2021. In the three months to May, the Far North rose 1.7% and the average home there is now worth $705,192. In Whangarei, the average value is $738,441 after a quarterly lift of 3.2%. While in Kaipara, it is $834,628 after a slight 0.1% lift over the quarter. Auckland The Auckland property market remains subdued and while overall momentum remains weak, there are signs of divergence emerging at the local level with some areas seeing growth. The average home across the Super City is now worth $1,240,029, 2.2% less than a year ago and 19.1% lower than the market's peak in late 2021. In the May quarter values increased in Papakura (1.3%) and in the local council areas previously known as Auckland City (0.4%). Other parts of the super city saw values continue to decline over the quarter; Manukau (-1.2%); North Shore (-1.0%), Franklin (-0.9%), and Waitakere (-0.1%). Local QV Registered Valuer, Hugh Robson said, 'Many Auckland suburbs continue to have high levels of housing stock on the market and agents report low attendance numbers at open homes and auctions.' 'Despite this, there is increased activity from first time buyers, due to falling interest rates and mainly in medium to lower value areas and higher value suburbs are seeing less activity than lower value suburbs.' 'New multi-unit developments continue to be built (with many developments just starting) and there's a notable increase in investment properties on the market. The Auckland rental market appears to have stabilised with rents not rising or falling rather 'flat-lining' now.' Waikato The latest QV House Price Index shows Hamilton's average home is now worth $791,909, with values bucking recent downward trend, rising 0.5% over the past three months. Values are now 0.5% higher than this time last year and 13.9% lower than the previous peak of late 2021. QV Property consultant Marshall Wu said, 'Hamilton experienced a modest lift in home values during May and these gains coincide with stabilising listings levels, though a significant volume of unsold inventory continues to linger on the market.' 'While easing mortgage rates, improving sentiment, and income growth are all supportive factors, they are being met with strong headwinds,' he said. 'Persisting affordability challenges, rising unemployment, and softer population growth are all contributing to a more cautious outlook for would be buyers.' The Waikato region has also turned a corner, up 0.6% in the May quarter and home values are 0.5% higher than the same time last year. The average home value across the region is now $817,249. Hauraki values jumped 5.1% over the May quarter and are 6.1% year on year; while Thames/Coromandel rose 1.5% and Waikato District was up 0.5% over the past three months. Waitomo District also continues to see values jump with a quarterly increase of 8.6%; Ōtorohanga and Waipa districts, also recorded gains of 4.6% and 0.8% respectively. While South Waikato values decreased 3.5% over the quarter. Bay of Plenty Home values rose in Tauranga by 0.2% over the past three months. The city's average home value is now $1,002,458, which is 0.8% lower than at the same time last year. The Bay of Plenty region saw a 0.1% quarterly decrease to a new average value of $886,186 which is 0.5% lower than a year ago. Gisborne saw quarterly growth of 0.5%, Kawerau District rose 0.3%. In contrast, Opotiki District saw the largest drop in the region, with a 3-month decline of 5.7%, while Whakatane was also down 1.5%, and Rotorua held relatively steady dipping just 0.1%. Hawkes Bay Napier City home values rose 0.4% over the past three months to a new average value of $760,109 which is 0.7% lower year on year. Hastings values rose 1.1% over the past three months to a new average of $768,689 which is 3.1% lower than the same time last year. Wairoa has seen one of the highest increases in the country rising 7.4% in the three months to May and 10.8% year on year to a new average value of $447,895. While, Central Hawke's Bay experienced the greatest downward trend in the region, dropping 5.1% over the quarter and 7.2% year on year with a new average value of $532,315. Taranaki Home values in New Plymouth are down 0.3% in the May quarter and are 0.4% higher year on year. The average home there is now worth $723,486. Meanwhile, values shot up by 7.0% in South Taranaki over the quarter to May to a new average value of $447,255; while Stratford edged up 0.3% to $476,773. QV Local Registered Valuer, Danny Grace said, 'The residential property market in New Plymouth is more stable with improved levels of activity over the recent months, more interest from buyers, and agents are feeling more confident.' 'The lower end of the market is more active, with less interest in the higher priced properties. Values in Stratford and South Taranaki are also more stable, but activity in New Plymouth is stronger,' he said. Palmerston North Home values in Palmerston North dipped 0.9% over the May quarter and homes there are now worth on average $632,309, which is 1.3% lower than this time last year. Local QV Registered Valuer Olivia Betts said, 'The market remains steady, with minimal price fluctuations. February and March saw a notable increase in new listings, giving buyers more options and greater leverage. This boost in inventory was accompanied by a rise in sales activity—an expected trend ahead of the quieter autumn and winter months.' 'A clear divide continues to emerge between different property types. Homes with outdated features are proving harder to sell and tend to stay on the market longer. In contrast, renovated properties with modern amenities are in higher demand, particularly among buyers seeking convenience and updated living spaces,' she said. 'This preference is especially strong among first-home buyers targeting homes in the mid-$500K range, ideally built or refurbished within the last 20 years.' 'Overall, while the market is experiencing a slight softening, it remains balanced. A typical seasonal slowdown is anticipated through winter, with increased activity expected to return in spring.' Wairarapa Home values are rising in some areas and continuing to decrease in others in the Wairarapa region. Our latest QV House Price Index shows Masterton's average home value has reduced by 1.3% this quarter to $571,778. Carterton's average home rose in value by 2.1% to $634,158 and home values in South Wairarapa reduced by 1.2% to a new average of $747,407. The average home across the region is now worth $623,103, 2.3% less than the same time last year. Wellington Residential property values have continued their downward trend across Wellington this quarter. The region's average home value decreased by 1.4% to $829,215, which is 4.9% lower year on year and 25.4% below the previous peak of late 2021. All the areas saw values decrease over the May quarter: Wellington City fell 1.8%; Hutt City was down 2.3%; Porirua dropped 1.4%; and Upper Hutt dipped slightly by 0.2%. QV Senior Consultant, David Cornford said, 'Values have tracked backwards slightly over the last few months in the Wellington region and the market continues to be relatively soft as we head into the winter months.' 'Despite interest rates now being significantly lower, these rate drops have not correlated to an increase in property values and it's likely the region will require economic conditions to improve before we see a strengthening market,' he said. 'There continues to be ample properties on the market giving buyers, plenty of choice. First home buyers are active, while there is a lack of activity from investors.' Nelson-Tasman-Marlborough Values in Nelson are bucking the downward trend seen in many other main centres, recording quarterly growth of 1.1% and 3.2% year on year. The average home in the city is now worth $802,332. Tasman values also rose 1.0% over the quarter to a new average of $823,131, while Marlborough posted a slight quarterly increase of 0.8%, with homes there on average worth $700,892. QV Nelson/Marlborough manager Craig Russell said in Nelson and Tasman the majority of activity is in the $500,000-$800,000 price bracket. 'Often there are multiple offers and the majority of purchasers in this price bracket are first home buyers.' 'A number of investors are selling properties which they've held as rentals for a number of years which is likely due to these investors wanting to free up capital, or obtain better returns elsewhere, after a period of no capital growth,' he said. 'The number of properties on the market remains elevated as we enter the seasonal downturn in activity. Section sales are slow, particularly in hillside suburbs as high building costs restrict buyers.' West Coast Housing figures continue to fluctuate from month to month and quarter to quarter on the West Coast. Our QV House Price Index for May shows the Westcoast region saw values rise 3.9% over the past three months to a new average value of $433,345 which is a 4.6% increase year on year and 18.8% higher than the nationwide market peak of late 2021. Average home values in Buller were up 10.5% over the past three months to $384,407, while Westland also rose 4.3% to $474,046; while values in Grey dipped 0.2% to $446,520. Canterbury Christchurch's average home values rose 1.3% in the May quarter to $779,866. This is an annual increase of 1.2% values are now 1.8% higher than the previous nationwide peak of late 2021. Hurunui values saw a quarterly increase of 0.7% to a new average of $645,936, which is 1.8% lower year on year. While Waimakariri recorded a modest increase of 0.2% to an average value of $720,376 which is 0.7% higher than in May last year. Local QV registered valuer, Olivia Brownie said, 'The property market in the Canterbury Region remains stable, with buyers showing commitment to purchases and sellers pricing realistically. We continue to see a small consistent positive market movement across the region as a whole.' 'Whilst the rate of new listings coming onto the market is cooling down, there are still strong sales with ample listings and stable prices benefiting both parties with time and choice,' she said. 'More recently the most active buyer groups have been mortgaged owners and investors as lending and borrowing conditions have eased.' Dunedin Our QV House Price Index for May 2025 shows values have dipped (-0.8%) over the past quarter and (-0.9%) year on year. The average home is now worth $640,125 which is 11.5% lower than the peak of late 2021. Local QV Registered Valuer Baylan Connolly said, 'The townhouse market continues to see the trend away from investors to owner occupiers with the majority of townhouse developments being focused in the higher valuer areas in the city including Belleknowes, Roslyn, Maori Hill, and the fringes of Andersons Bay.' 'The South Dunedin Future initiative, a joint effort between the Dunedin City Council (DCC) and Otago Regional Council (ORC), recently released a detailed hazard assessment and a long-term strategy outlining multibillion-dollar adaptation options,' he said. 'While developers acknowledged this work, they emphasised the need for concrete action to restore market confidence. The rising cost of insurance, especially in flood-prone areas, is a major consideration for buyers, investors, and developers. Higher insurance premiums are discouraging development in high-risk areas and increasing demand for properties in elevated suburbs.' 'The gradual reinstatement of interest deductibility is improving investor sentiment, though it has not yet led to a full resurgence in investment demand.' Queenstown Our QV House Price Index for May shows the average value in the Queenstown Lakes District remains the highest in Aotearoa, New Zealand despite a downward trend emerging in the market there. Values dipped 0.3% over the past three months and 0.7% year on year. However, the average value of $1,815,797 is 13.5% higher than the nationwide market peak of late 2021 and remains well above all other regions in the country. QV Local Registered Valuer Greg Simpson said the local property market has remained active and generally steady over the past 12 months, despite broader national uncertainty. 'Sales volumes are increasing alongside inventory levels, and average residential values have held firm in both Queenstown and Central Otago. However, market conditions remain sensitive to economic headwinds, with tighter credit conditions and ongoing caution among buyers,' Mr Simpson said. The surrounding areas are seeing positive quarterly value growth including Central Otago up (2.4%) and Clutha up (3.1%); and Waitaki up (1.5%). Southland Invercargill values rose 1.3% over the past three months to an average value of $506,888, which is 4.2% higher year on year, and 3.9% higher than the previous peak. While in Gore, values increased 8.8% over the quarter to $439,670 which is 4.2% higher than a year ago. And in Southland values dipped 0.7% over the past three months to $533,255 but are 5.0% higher than a year ago. QV Registered Valuer Andrew Ronald said, 'There is strong demand from first home buyers in the $350,000 to $500,000 bracket in the Invercargill market. We also seeing an increasing interest from investors and recent rent rises have now stabilised. Meanwhile, there's been limited demand from buyers in the upper end of the market in price range above $1,000,000.'
Scoop
16-06-2025
- Business
- Scoop
NZ Housing Market Steadies As Sentiment Cautiously Lifts
The rate of decline in the housing market has slowed again, with national residential property values largely holding steady throughout May. Our latest QV House Price Index shows nationwide values have inched up just 0.1% to a new national average of $913,772 in the May quarter. That figure is 1.1% lower than the same time last year and 14.1% below the market's peak in late 2021. Across New Zealand's main urban areas just Whangarei (3.2%), Hastings (1.1%), Nelson (1.1%), and Christchurch (1.3%), recorded average home value growth in excess of 1% throughout the three months to the end of May 2025. Hamilton (0.5%), and Tauranga (0.2%) values rose slightly. While Auckland (-0.5%), Wellington (-1.7%), Palmerston North (-0.9%), and Dunedin (-0.8%), recorded losses. QV operations manager James Wilson said, 'The housing market is still softening, but doing so at a slowing pace with signs of tentative confidence beginning to surface.' 'With interest rates easing and more owner-occupiers re-entering the market — particularly in the middle and upper-middle brackets — we're observing a return to activity in the main urban centres. This has helped stabilise national values and reduced the number of areas experiencing declines.' 'Investor activity is also picking up, especially in lower-value and regional markets. This, combined with steady demand from first-home buyers, is starting to generate subtle competitive pressures. However, high stock levels and cautious vendor expectations are still keeping price growth in check.' 'Ongoing global uncertainty, including from US trade tariffs and escalating conflicts, along with local concerns about job security are still contributing to a climate of caution,' Mr Wilson said. 'While we don't expect a dramatic winter upswing, it's likely we'll see growing buyer engagement as confidence continues to build.' The Northland market has seen an upswing in the second quarter of the year with values up 2.2% and the average value across the region is $738,936. Values are now 0.9% lower than they were in May last year, and 10.0% below the previous peak of late 2021. In the three months to May, the Far North rose 1.7% and the average home there is now worth $705,192. In Whangarei, the average value is $738,441 after a quarterly lift of 3.2%. While in Kaipara, it is $834,628 after a slight 0.1% lift over the quarter. Auckland The Auckland property market remains subdued and while overall momentum remains weak, there are signs of divergence emerging at the local level with some areas seeing growth. The average home across the Super City is now worth $1,240,029, 2.2% less than a year ago and 19.1% lower than the market's peak in late 2021. In the May quarter values increased in Papakura (1.3%) and in the local council areas previously known as Auckland City (0.4%). Other parts of the super city saw values continue to decline over the quarter; Manukau (-1.2%); North Shore (-1.0%), Franklin (-0.9%), and Waitakere (-0.1%). Local QV Registered Valuer, Hugh Robson said, 'Many Auckland suburbs continue to have high levels of housing stock on the market and agents report low attendance numbers at open homes and auctions.' 'Despite this, there is increased activity from first time buyers, due to falling interest rates and mainly in medium to lower value areas and higher value suburbs are seeing less activity than lower value suburbs.' 'New multi-unit developments continue to be built (with many developments just starting) and there's a notable increase in investment properties on the market. The Auckland rental market appears to have stabilised with rents not rising or falling rather 'flat-lining' now.' Waikato The latest QV House Price Index shows Hamilton's average home is now worth $791,909, with values bucking recent downward trend, rising 0.5% over the past three months. Values are now 0.5% higher than this time last year and 13.9% lower than the previous peak of late 2021. QV Property consultant Marshall Wu said, 'Hamilton experienced a modest lift in home values during May and these gains coincide with stabilising listings levels, though a significant volume of unsold inventory continues to linger on the market.' 'While easing mortgage rates, improving sentiment, and income growth are all supportive factors, they are being met with strong headwinds,' he said. 'Persisting affordability challenges, rising unemployment, and softer population growth are all contributing to a more cautious outlook for would be buyers.' The Waikato region has also turned a corner, up 0.6% in the May quarter and home values are 0.5% higher than the same time last year. The average home value across the region is now $817,249. Hauraki values jumped 5.1% over the May quarter and are 6.1% year on year; while Thames/Coromandel rose 1.5% and Waikato District was up 0.5% over the past three months. Waitomo District also continues to see values jump with a quarterly increase of 8.6%; Ōtorohanga and Waipa districts, also recorded gains of 4.6% and 0.8% respectively. While South Waikato values decreased 3.5% over the quarter. Bay of Plenty Home values rose in Tauranga by 0.2% over the past three months. The city's average home value is now $1,002,458, which is 0.8% lower than at the same time last year. The Bay of Plenty region saw a 0.1% quarterly decrease to a new average value of $886,186 which is 0.5% lower than a year ago. Gisborne saw quarterly growth of 0.5%, Kawerau District rose 0.3%. In contrast, Opotiki District saw the largest drop in the region, with a 3-month decline of 5.7%, while Whakatane was also down 1.5%, and Rotorua held relatively steady dipping just 0.1%. Hawkes Bay Napier City home values rose 0.4% over the past three months to a new average value of $760,109 which is 0.7% lower year on year. Hastings values rose 1.1% over the past three months to a new average of $768,689 which is 3.1% lower than the same time last year. Wairoa has seen one of the highest increases in the country rising 7.4% in the three months to May and 10.8% year on year to a new average value of $447,895. While, Central Hawke's Bay experienced the greatest downward trend in the region, dropping 5.1% over the quarter and 7.2% year on year with a new average value of $532,315. Taranaki Home values in New Plymouth are down 0.3% in the May quarter and are 0.4% higher year on year. The average home there is now worth $723,486. Meanwhile, values shot up by 7.0% in South Taranaki over the quarter to May to a new average value of $447,255; while Stratford edged up 0.3% to $476,773. QV Local Registered Valuer, Danny Grace said, 'The residential property market in New Plymouth is more stable with improved levels of activity over the recent months, more interest from buyers, and agents are feeling more confident.' 'The lower end of the market is more active, with less interest in the higher priced properties. Values in Stratford and South Taranaki are also more stable, but activity in New Plymouth is stronger,' he said. Palmerston North Home values in Palmerston North dipped 0.9% over the May quarter and homes there are now worth on average $632,309, which is 1.3% lower than this time last year. Local QV Registered Valuer Olivia Betts said, 'The market remains steady, with minimal price fluctuations. February and March saw a notable increase in new listings, giving buyers more options and greater leverage. This boost in inventory was accompanied by a rise in sales activity—an expected trend ahead of the quieter autumn and winter months." 'A clear divide continues to emerge between different property types. Homes with outdated features are proving harder to sell and tend to stay on the market longer. In contrast, renovated properties with modern amenities are in higher demand, particularly among buyers seeking convenience and updated living spaces,' she said. 'This preference is especially strong among first-home buyers targeting homes in the mid-$500K range, ideally built or refurbished within the last 20 years.' 'Overall, while the market is experiencing a slight softening, it remains balanced. A typical seasonal slowdown is anticipated through winter, with increased activity expected to return in spring.' Wairarapa Home values are rising in some areas and continuing to decrease in others in the Wairarapa region. Our latest QV House Price Index shows Masterton's average home value has reduced by 1.3% this quarter to $571,778. Carterton's average home rose in value by 2.1% to $634,158 and home values in South Wairarapa reduced by 1.2% to a new average of $747,407. The average home across the region is now worth $623,103, 2.3% less than the same time last year. Wellington Residential property values have continued their downward trend across Wellington this quarter. The region's average home value decreased by 1.4% to $829,215, which is 4.9% lower year on year and 25.4% below the previous peak of late 2021. All the areas saw values decrease over the May quarter: Wellington City fell 1.8%; Hutt City was down 2.3%; Porirua dropped 1.4%; and Upper Hutt dipped slightly by 0.2%. QV Senior Consultant, David Cornford said, 'Values have tracked backwards slightly over the last few months in the Wellington region and the market continues to be relatively soft as we head into the winter months.' 'Despite interest rates now being significantly lower, these rate drops have not correlated to an increase in property values and it's likely the region will require economic conditions to improve before we see a strengthening market,' he said. 'There continues to be ample properties on the market giving buyers, plenty of choice. First home buyers are active, while there is a lack of activity from investors.' Nelson-Tasman-Marlborough Values in Nelson are bucking the downward trend seen in many other main centres, recording quarterly growth of 1.1% and 3.2% year on year. The average home in the city is now worth $802,332. Tasman values also rose 1.0% over the quarter to a new average of $823,131, while Marlborough posted a slight quarterly increase of 0.8%, with homes there on average worth $700,892. QV Nelson/Marlborough manager Craig Russell said in Nelson and Tasman the majority of activity is in the $500,000-$800,000 price bracket. 'Often there are multiple offers and the majority of purchasers in this price bracket are first home buyers.' 'A number of investors are selling properties which they've held as rentals for a number of years which is likely due to these investors wanting to free up capital, or obtain better returns elsewhere, after a period of no capital growth,' he said. 'The number of properties on the market remains elevated as we enter the seasonal downturn in activity. Section sales are slow, particularly in hillside suburbs as high building costs restrict buyers.' West Coast Housing figures continue to fluctuate from month to month and quarter to quarter on the West Coast. Our QV House Price Index for May shows the Westcoast region saw values rise 3.9% over the past three months to a new average value of $433,345 which is a 4.6% increase year on year and 18.8% higher than the nationwide market peak of late 2021. Average home values in Buller were up 10.5% over the past three months to $384,407, while Westland also rose 4.3% to $474,046; while values in Grey dipped 0.2% to $446,520. Canterbury Christchurch's average home values rose 1.3% in the May quarter to $779,866. This is an annual increase of 1.2% values are now 1.8% higher than the previous nationwide peak of late 2021. Hurunui values saw a quarterly increase of 0.7% to a new average of $645,936, which is 1.8% lower year on year. While Waimakariri recorded a modest increase of 0.2% to an average value of $720,376 which is 0.7% higher than in May last year. Local QV registered valuer, Olivia Brownie said, 'The property market in the Canterbury Region remains stable, with buyers showing commitment to purchases and sellers pricing realistically. We continue to see a small consistent positive market movement across the region as a whole.' 'Whilst the rate of new listings coming onto the market is cooling down, there are still strong sales with ample listings and stable prices benefiting both parties with time and choice,' she said. 'More recently the most active buyer groups have been mortgaged owners and investors as lending and borrowing conditions have eased.' Dunedin Our QV House Price Index for May 2025 shows values have dipped (-0.8%) over the past quarter and (-0.9%) year on year. The average home is now worth $640,125 which is 11.5% lower than the peak of late 2021. Local QV Registered Valuer Baylan Connolly said, 'The townhouse market continues to see the trend away from investors to owner occupiers with the majority of townhouse developments being focused in the higher valuer areas in the city including Belleknowes, Roslyn, Maori Hill, and the fringes of Andersons Bay.' 'The South Dunedin Future initiative, a joint effort between the Dunedin City Council (DCC) and Otago Regional Council (ORC), recently released a detailed hazard assessment and a long-term strategy outlining multibillion-dollar adaptation options,' he said. 'While developers acknowledged this work, they emphasised the need for concrete action to restore market confidence. The rising cost of insurance, especially in flood-prone areas, is a major consideration for buyers, investors, and developers. Higher insurance premiums are discouraging development in high-risk areas and increasing demand for properties in elevated suburbs.' 'The gradual reinstatement of interest deductibility is improving investor sentiment, though it has not yet led to a full resurgence in investment demand.' Queenstown Our QV House Price Index for May shows the average value in the Queenstown Lakes District remains the highest in Aotearoa, New Zealand despite a downward trend emerging in the market there. Values dipped 0.3% over the past three months and 0.7% year on year. However, the average value of $1,815,797 is 13.5% higher than the nationwide market peak of late 2021 and remains well above all other regions in the country. QV Local Registered Valuer Greg Simpson said the local property market has remained active and generally steady over the past 12 months, despite broader national uncertainty. "Sales volumes are increasing alongside inventory levels, and average residential values have held firm in both Queenstown and Central Otago. However, market conditions remain sensitive to economic headwinds, with tighter credit conditions and ongoing caution among buyers," Mr Simpson said. The surrounding areas are seeing positive quarterly value growth including Central Otago up (2.4%) and Clutha up (3.1%); and Waitaki up (1.5%). Southland Invercargill values rose 1.3% over the past three months to an average value of $506,888, which is 4.2% higher year on year, and 3.9% higher than the previous peak. While in Gore, values increased 8.8% over the quarter to $439,670 which is 4.2% higher than a year ago. And in Southland values dipped 0.7% over the past three months to $533,255 but are 5.0% higher than a year ago. QV Registered Valuer Andrew Ronald said, 'There is strong demand from first home buyers in the $350,000 to $500,000 bracket in the Invercargill market. We also seeing an increasing interest from investors and recent rent rises have now stabilised. Meanwhile, there's been limited demand from buyers in the upper end of the market in price range above $1,000,000.'
RNZ News
16-06-2025
- Business
- RNZ News
Housing market remains mired, report shows
Average housing values rose 0.1 percent in the three months ended May, the same as April, QV says Photo: RNZ The housing market remains mired in a glut of properties, uncertain buyers, static prices and weak sales volumes, according to Quotable Value's (QV) price report. It showed average housing values rose 0.1 percent in the three months ended May - the same as April - with the average value staying close to $914,000, down 1.1 percent on a year ago. QV operations manager James Wilson said prices and sales were not changing much, but there were signs the market's mood was. "The housing market is still softening, but doing so at a slowing pace with signs of tentative confidence beginning to surface. "With interest rates easing and more owner-occupiers re-entering the market - particularly in the middle and upper-middle brackets - we're observing a return to activity in the main urban centres." He said first home buyers remained active along with growing investor activity, which was generating "subtle competitive pressures". But he said prices were being kept in check by high stock levels and vendor caution driven by issues such as tariffs and worries about holding on to jobs. "While we don't expect a dramatic winter upswing, it's likely we'll see growing buyer engagement as confidence continues to build," Wilson said. As with the broader economy regions were faring better than the main cities. The best performing region was Northland with a 2.2 percent, while Whangarei had a 3.2 percent rise. Other strong performers were Nelson, Christchurch and Invercargill all gaining more than 1 percent in the three months ended May. QV's Nelson/Marlborough manager Craig Russell said first home buyers were active at the cheaper end of the market. "A number of investors are selling properties which they've held as rentals for a number of years which is likely due to these investors wanting to free up capital, or obtain better returns elsewhere, after a period of no capital growth." However, Auckland and Wellington remained housing market laggards, falling 0.5 percent and 1.3 percent respectively. Auckland valuer Hugh Robson said the overall market was subdued, but there were differences through the city with first-home buyers taking advantage low interest rates to chase properties in medium to lower districts. Wellington was the worst performer in the report. Senior consultant David Cornford said prices continued to go backwards and showed little inclination to spark. "Despite interest rates now being significantly lower, these rate drops have not correlated to an increase in property values and it's likely the region will require economic conditions to improve before we see a strengthening market." Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
