As we move into the second half of the year, we wanted to share a few updates from across the property sector. From the latest Government Budget through to market commentary and important industry news, here are a few things we’re keeping an eye on that may be of interest whether you’re renting, investing, buying or simply following the New Zealand property market.
June Property Update: Budget 2026 & Market Insights
Budget 2026 – Planning for a Tougher Economic Environment
The Government’s 2026 Budget reinforced what many economists have been saying for some time – New Zealand is still navigating a challenging economic landscape.
While there were some targeted investments announced, the overall message was one of fiscal restraint, with a continued focus on reducing government spending and managing debt. For property owners, this means interest rates, employment, consumer confidence and rental affordability will continue to be important factors to watch over the coming months.
If you’d like to read more, these are two excellent summaries:
1News – Budget 2026: One thing is clear – we all need to prepare for more tough times
Market Commentary from Tony Alexander
Economist Tony Alexander continues to provide practical and balanced commentary on New Zealand’s property market.
His latest report discusses buyer confidence, lending conditions and the outlook for residential property. It’s well worth a read if you’re interested in where the market may be heading.
Tony’s View – 7 May 2026
As always, if you’d like to discuss how current market conditions may impact your investment property, our team is always happy to help.
ANZ & ASB Banking Class Action
You may have seen recent media coverage regarding the ANZ and ASB banking class action relating to historical loan disclosure requirements under the Credit Contracts and Consumer Finance Act (CCCFA).
If you hold, or previously held, lending with either bank, there is no action required at this stage. ANZ and ASB have advised they will contact eligible customers directly if they are affected.
You can find more information here.
Watercare Credit Card Fee Changes
A quick reminder for Auckland property owners.
From 1 July 2026, Watercare has introduced a 0.8% transaction fee for customers paying their Watercare account by recurring credit card.
If you currently pay by credit card and would like to avoid the fee, you can switch to direct debit through your Watercare MyAccount before your next payment is processed.
Alternatively, you can stop recurring credit card payments and choose another payment method by contacting Watercare or completing the online form available on their website.
As Always, We’re Here to Help
Whether you have questions about the market, your investment strategy, legislative changes or simply want to discuss your property portfolio, please don’t hesitate to get in touch with your Property Manager.
Thank you, as always, for trusting Wendell Property with your investment. We appreciate the opportunity to look after your property and look forward to keeping you informed throughout the year.