On this page
- About the Real Estate Analysis Unit
- Research projects
- Home Affordability Report
- NZ Residential Rental Survey
- NZ Commercial Property Monitor
- NZ Construction and Infrastructure Survey
- Prizes and scholarships
- Who we are
- The Property Foundation
- In the media
- Contact the Real Estate Analysis Unit
- Related content
About the Real Estate Analysis Unit
The REAU provides cutting-edge academic consultancy project work for public, private, not-for-profit and partnership projects.
Our staff are actively researching in a range of property-related topics such as:
- property economics, markets and policy
- property investment and finance
- property valuation
- property management and development
- residential (housing) property
- commercial property
- urban and rural property.
Research projects
Current and ongoing research projects include:
- Home Affordability Report
- NZ Residential Rental Survey
- NZ Commercial Property Monitor
- NZ Construction and Infrastructure Survey.
Home Affordability Report
The REAU produces a quarterly report outlining the changes in home affordability throughout New Zealand.
2020 to 2025
2020 to 2025
2025
Home Affordability Report – September 2025
Home Affordability Report – June 2025
Home Affordability Report – March 2025
2024
Home Affordability Report – December 2024
Home Affordability Report – September 2024
Home Affordability Report – June 24
Home Affordability Report – March 24
2023
Home Affordability Report – December 2023
Home Affordability Report – September 2023
Home Affordability Report – June 2023
Home Affordability Report – March 2023
2022
Home Affordability Report – December 2022
Home Affordability Report – September 2022
Home Affordability Report – June 2022
Home Affordability Report – March 2022
2021
Home Affordability Report – December 2021
Home Affordability Report – September 2021
Home Affordability Report – June 2021
Home Affordability Report – March 2021
2020
Home Affordability Report – December 2020
Home Affordability Report – September 2020
2004 to 2019
2004 to 2019
Reports are also available from 2004 to 2019. Please contact Dr Arshad Javid: A.A.Javed@massey.ac.nz for access to any reports not available on this page.
NZ Residential Rental Survey
The REAU produces a quarterly survey focusing on changes in the New Zealand residential rental market.
2020 to 2025
2020 to 2025
2025
New Zealand Residential Rental Report – September 2025
New Zealand Residential Rental Report – June 2025
New Zealand Residential Rental Report – March 2025
2024
New Zealand Residential Rental Report – December 2024
New Zealand Residential Rental Report – September 2024
New Zealand Residential Rental Report – June 2024
New Zealand Residential Rental Report – March 2024
2023
New Zealand Residential Rental Report – December 2023
New Zealand Residential Rental Report – September 2023
New Zealand Residential Rental Report – June 2023
New Zealand Residential Rental Report – March 2023
2022
New Zealand Residential Rental Report – December 2022
New Zealand Residential Rental Report – September 2022
New Zealand Residential Rental Report – June 2022
New Zealand Residential Rental Report – March 2022
2021
New Zealand Residential Rental Report – December 2021
New Zealand Residential Rental Report – September 2021
New Zealand Residential Rental Report – June 2021
New Zealand Residential Rental Report – March 2021
2020
New Zealand Residential Rental Report – December 2020
New Zealand Residential Rental Report – September 2020
2000 to 2019
2000 to 2019
Reports are also available from 2000 to 2019. Please contact Dr Arshad Javid: A.A.Javed@massey.ac.nz for access to any reports not available on this page.
NZ Commercial Property Monitor
The PCNZ/RICS commercial report outlines the latest conditions in NZ commercial property occupier and investor markets. The report is supported by Massey's REAU and The Property Foundation.
2018 to 2020
2018 to 2020
NZ Construction and Infrastructure Survey
The Property Foundation and REAU are supporters of the PCNZ/RICS commercial report.
New Zealand Construction and Infrastructure Survey – Q1, 2020
2018 to 2020
2018 to 2020
2020
New Zealand Construction and Infrastructure Survey – Q1, 2020
2019
New Zealand Construction and Infrastructure Survey – Q4, 2019
New Zealand Construction and Infrastructure Survey – Q3, 2019
New Zealand Construction and Infrastructure Survey – Q2, 2019
New Zealand Construction and Infrastructure Survey – Q1, 2019
2018
New Zealand Construction and Infrastructure Survey – Q4, 2018
New Zealand Construction and Infrastructure Survey – Q3, 2018
Prizes and scholarships
A number of prizes and scholarships are available as part of the Bachelor of Business (Property) qualification.
Who we are
Our people make us who we are. Meet the REAU Associated Staff.
Professor Emeritus Bob Hargreaves
Bob’s research interests include real estate and land economics, rural valuations, valuing for rating and taxation, subdivisions, computer assisted valuations, government role in housing markets, analysis of leasehold government office accommodation. Private sector rental housing market.
Dr Arshad Javed
Arshad’s research interests include Real Estate Development and Management, Property Evaluation, Portfolio Investment, Public-Private Partnerships (PPPs), Sustainability and Value Management, Zero Carbon Building, Construction Health and Safety, Building Information Modelling (BIM), and Prefabricated Pre finished Volumetric Construction (PPVC).
Dr David White
Dr David White is a Lecturer in Property at Massey and Senior Consultant at Colliers International.
He has 25 years’ experience in the property industry in areas of investment; corporate real estate; and consultancy covering the commercial, industrial, retail and residential property across the public and private sectors.
The Property Foundation
REAU works with The Property Foundation – a Massey University-controlled entity that has a vision to connect academia, the property industry and society.
News
News
A 2.99% home loan rate - so what’s the catch? Stuff, Waikato Times, 7 September 2024
Rising house prices and increase in interest rate lead to decline in home affordability, Massey News, 18 November 2021
Modest improvements in home affordability continue, Massey News, 16 October 2019
Property experts explore ‘build-to-rent’ concept, Massey News, 9 September 2019
Housing affordability – we all want to solve it, Massey News, 21 August 2019
Falling prices and mortgage rates mean more affordable homes, Massey News, 18 October 2018
Rental market continues to tighten, new report shows, Massey News, 5 August 2018
The 'financialisation' of housing, Massey News, 1 May 2018
Declining affordability is now 'business as usual', Massey News, 26 January 2018
Affordability improves as house prices fall in some regions, Massey News, 11 October 2017
Central Otago Lakes now more unaffordable than Auckland, Massey News, 6 April 2017
House prices continue to drive home unaffordability, Massey News, 27 January 2017
In the media
2025
2025
Home affordability improves amid declining mortgage rates and rising incomes, Massey News, 25 March 2025
Why housing affordability is improving even while prices aren't falling, RNZ, 25 March 2025
Housing affordability gains ground even as house prices hold steady – here's why, NZ Adviser, 27 March 2025
Can council rates keep rising like they have?, RNZ, 25 July 2025
Home affordability continues to improve in second quarter of 2025, Massey News, 28 July 2025
Rental affordability improves in most regions, but pressures persist, Massey News, 28 July 2025
2024
2024
House prices almost 10 times median wage, RNZ, 9 October 2024
Home affordability continues upward trend, Massey News, 8 October 2024
A 2.99% home loan rate - so what’s the catch? Stuff, Waikato Times, 7 September 2024
Falling house prices ‘haven’t helped affordability', Stuff, 2 February 2024
The squeeze continues with persistent decline in housing affordability, Massey News, 26 January 2024
The regions bucking the property affordability issue, The Post, 7 January 2024
2020 to 2023
2020 to 2023
2023
Data gap raises concerns over housing for former prisoners, Gisborne Herald, 21 December 2023
2022
Gisborne housing situation 'dire', says advocate, Radio New Zealand, 30 March 2022
Renting still tough despite slight improvement in affordability, Stuff, 23 March 2022
Home affordability tumbles 25 per cent in three months, university report finds, Stuff, 7 March 2022
2021
The seven New Zealand regions where rental affordability has shrunk below the national average, Newshub, 13 December 2021
Interest rates rise bad news for home affordability, Stuff, 26 November 2021
Interest rate rises hit affordability of homes, PressReader, 26 November 2021
The cheapest and most expensive places to rent in NZ - report, Newstalk ZB, 30 July 2021
The cheapest and most expensive places to rent in New Zealand - Massey University report, NZ Herald, 30 July 2021
'Dramatic separation' between house prices and wages as home affordability drops further, Stuff, 1 July 2021
Innovative infrastructure funding needed for affordable homes, NBR, 5 May 2021
Private infrastructure charges 'the answer to boost housing supply', Stuff, 23 April 2021
2020
Home ownership levels continue declining, especially for younger people, interest.co.nz, 8 December 2020
Nelson-Tasman median house prices climb 60-70 per cent over five years, Stuff, 15 October 2020
A decade of saving and above average income required to buy a house in Auckland, Stuff, 23 August 2020
2018 to 2019
2018 to 2019
2019
Housing affordability continues to improve across the country – report, NZ Adviser, 18 October 2019
Houses becoming more affordable, Otago Daily Times, 17 October 2019
Buying a house to become easier with declining house prices, falling mortgage interest rates – report, TVNZ, 17 October 2019
Auckland homes becoming more affordable, but investors eyeing up bargains: Home Affordability Report, NZ Herald, 17 October 2019
Manawatu-Whanganui house prices rocket through another record high, Stuff, 16 October 2019
Property expert says Kiwibuild scheme needs to be better managed, Newstalk ZB, 11 September 2019
Build-to-rent apartments must not become slums, property specialists warn, Stuff, 10 September 2019
Manawatu-Whanganui houses continue to become less affordable, Stuff, 15 August 2019
Homes in Northland more affordable now in a long time, NZ Herald, 10 August 2019
Improvements in affordability nationwide, Landlords, 9 August 2019
The Financialisation of Housing and Human Rights: A Gentle Look at the Nigerian Condition, Medium, 21 April 2019
Affordability issues felt in southern house prices, Otago Daily Times, 13 February 2019
No let-up in affordability issues, Landlords, 12 February 2019
2018
How much has home affordability improved? NZ Adviser, 18 October 2018
First-home buyers: You've actually got it pretty good, Stuff, 18 October 2018
Housing affordability improves, Good Returns, 18 October 2018
Renter pain continues as New Zealand rents jump 25% in five years: Massey University, NZ Herald, 1 August 2018
'We're renting very long-term': NZ's new normal with more tenants and rising rents, Stuff, 1 August 2018
Steve Hart: House prices drop a little, NZ Herald, 20 April 2018
CO-Lakes house price now 15.4 times average annual wage, Otago Daily Times, 14 April 2018
Central Otago Lakes district least affordable for housing, Radio NZ, 14 April 2018
Affordability crunch on but Kiwi's don't want to see prices drop, Stuff, 13 April 2018
Home affordability stretching further out of reach, new Massey University findings, NZ Herald, 13 April 2018
House affordability improves in Hawkes Bay - Massey University report, NZ Herald, 29 January 2018
Contact the Real Estate Analysis Unit
Dr Arshad Javed
School of Economics and Finance
Phone: +64 6 356 9099 ext. 84017
Email: a.a.javed@massey.ac.nz
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