Real Estate Analysis Unit

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.

Home Affordability Report – September 2025 (PDF, 143.2 KB)

2020 to 2025

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.

New Zealand Residential Rental Report – September 2025 (PDF, 484.0 KB)

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

New Zealand Residential Rental Report – June 2020

New Zealand Residential Rental Report – March 2020

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.

NZ Commercial Property Monitor – Q1, 2020

2018 to 2020

2020

NZ Commercial Property Monitor – Q1, 2020

2019

NZ Commercial Property Monitor – Q4, 2019

NZ Commercial Property Monitor – Q3, 2019

NZ Commercial Property Monitor – Q2, 2019

NZ Commercial Property Monitor – Q1, 2019

2018

NZ Commercial Property Monitor – Q4, 2018

NZ Commercial Property Monitor – Q3, 2018

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

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.

Learn about Massey Business School's academic awards

Who we are

Our people make us who we are. Meet the REAU Associated Staff.

Professor Emeritus Bob Hargreaves

FPINZ, MAgribus, BSc

Professor of Property Studies

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

PhD, Master, Bachelor, MSc Real Estate Management, MSc Economics, AFHEA

Senior Lecturer in Property

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).

View Arshad Javed's profile

Dr David White

PhD, BBS

Lecturer in Property

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.

View David White's profile

The Property Foundation

REAU works with The Property Foundation – a ��Դ-controlled entity that has a vision to connect academia, the property industry and society.

News

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

Home affordability improves amid declining mortgage rates and rising incomes, Massey News, 25 March 2025

, RNZ, 25 March 2025

, NZ Adviser, 27 March 2025

, 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

, RNZ, 9 October 2024

Home affordability continues upward trend, Massey News, 8 October 2024

Stuff, Waikato Times, 7 September 2024

, Stuff, 2 February 2024

The squeeze continues with persistent decline in housing affordability, Massey News, 26 January 2024

, The Post, 7 January 2024

2020 to 2023

2023

, Gisborne Herald, 21 December 2023

2022

, Radio New Zealand, 30 March 2022

, Stuff, 23 March 2022

, Stuff, 7 March 2022

2021

, Newshub, 13 December 2021

, Stuff, 26 November 2021

, PressReader, 26 November 2021

, Newstalk ZB, 30 July 2021

, NZ Herald, 30 July 2021

, Stuff, 1 July 2021

, NBR, 5 May 2021

, Stuff, 23 April 2021

2020

, interest.co.nz, 8 December 2020

, Stuff, 15 October 2020

, Stuff, 23 August 2020

2018 to 2019

2019

, NZ Adviser, 18 October 2019

, 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

, Stuff, 16 October 2019

, Newstalk ZB, 11 September 2019

, Stuff, 10 September 2019

, Stuff, 15 August 2019

, Landlords, 9 August 2019

, Medium, 21 April 2019

, Otago Daily Times, 13 February 2019

, Landlords, 12 February 2019

2018

NZ Adviser, 18 October 2018

, Stuff, 18 October 2018

, Good Returns, 18 October 2018

, NZ Herald, 1 August 2018

, Stuff, 1 August 2018

, NZ Herald, 20 April 2018

, Otago Daily Times, 14 April 2018

, Radio NZ, 14 April 2018

, Stuff, 13 April 2018

, NZ Herald, 13 April 2018

, 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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