House prices
[updated]
Reserve Bank raises interest rates as expected but throws in a major surprise by indicating this will be the last rise
24th May 23, 2:11pm
150
Reserve Bank raises interest rates as expected but throws in a major surprise by indicating this will be the last rise
More pain and less gain in the housing market as more homes sell at a loss, says CoreLogic
24th May 23, 1:00am
122
More pain and less gain in the housing market as more homes sell at a loss, says CoreLogic
A survey for the Reserve Bank shows that households think inflation is going to actually rise in the short term and still be 4.5% in two years' time
22nd May 23, 3:41pm
42
A survey for the Reserve Bank shows that households think inflation is going to actually rise in the short term and still be 4.5% in two years' time
About 13,000 recent home buyers could now be facing negative equity
Latest RBNZ figures show NZ's new mortgage borrowers stretching themselves much less than has been seen in recent years in regards to the amount of debt they're taking on relative to income
19th May 23, 7:44am
131
Latest RBNZ figures show NZ's new mortgage borrowers stretching themselves much less than has been seen in recent years in regards to the amount of debt they're taking on relative to income
Treasury forecasts NZ will avoid recession, sees unemployment rising, inflation back in RBNZ target range by late 2024 & house prices falling 21.3%
18th May 23, 2:08pm
5
Treasury forecasts NZ will avoid recession, sees unemployment rising, inflation back in RBNZ target range by late 2024 & house prices falling 21.3%
BNZ economists say the Reserve Bank's next move is likely to be heavily influenced by its assumptions of the supply and demand impacts of a net migration inflow that is 'much stronger than anyone believed'
17th May 23, 12:05pm
65
BNZ economists say the Reserve Bank's next move is likely to be heavily influenced by its assumptions of the supply and demand impacts of a net migration inflow that is 'much stronger than anyone believed'
Surging inbound migration seen adding demand to the New Zealand economy, with Westpac economists now forecasting a net gain of 100,000 migrants this year
16th May 23, 5:00am
148
Surging inbound migration seen adding demand to the New Zealand economy, with Westpac economists now forecasting a net gain of 100,000 migrants this year
ANZ economists say latest sales figures are consistent with a housing market that's nearing a turn, while the increased demand for housing from migration is likely to put upward pressure on prices
15th May 23, 10:55am
87
ANZ economists say latest sales figures are consistent with a housing market that's nearing a turn, while the increased demand for housing from migration is likely to put upward pressure on prices
Upper Hutt and Franklin in south Auckland had the biggest house price falls last month
12th May 23, 11:14am
41
Upper Hutt and Franklin in south Auckland had the biggest house price falls last month
David Hargreaves looks at some issues that need tackling ahead of the next housing boom, because yes, there will be another
12th May 23, 5:00am
140
David Hargreaves looks at some issues that need tackling ahead of the next housing boom, because yes, there will be another
April a disastrous month for the housing market with lowest sales volumes, excluding 2020, in more than 31 years
11th May 23, 9:03am
193
April a disastrous month for the housing market with lowest sales volumes, excluding 2020, in more than 31 years
Westpac NZ CEO Catherine McGrath tells home buyers who bought for the long-term at house price peaks to hang in there
9th May 23, 11:16am
46
Westpac NZ CEO Catherine McGrath tells home buyers who bought for the long-term at house price peaks to hang in there
Average New Zealand dwelling value down $161,264 since it peaked at the start of last year
9th May 23, 5:00am
213
Average New Zealand dwelling value down $161,264 since it peaked at the start of last year
Reserve Bank concedes that about 25% of outstanding mortgages were stress-tested by banks at lower interest rates than prevail now
4th May 23, 11:54am
105
Reserve Bank concedes that about 25% of outstanding mortgages were stress-tested by banks at lower interest rates than prevail now
The Reserve Bank is easing its lending restrictions as it believes house prices are close to sustainable levels
4th May 23, 7:36am
48
The Reserve Bank is easing its lending restrictions as it believes house prices are close to sustainable levels
Another migration-fuelled housing boom had seemed like it might be a story for three-to-five years time, but the speed of the comeback of large-scale inbound migration means we need to be thinking hard about the issue right now
4th May 23, 5:00am
128
Another migration-fuelled housing boom had seemed like it might be a story for three-to-five years time, but the speed of the comeback of large-scale inbound migration means we need to be thinking hard about the issue right now
Residential property values are continuing to slide as the market heads towards winter
3rd May 23, 12:01am
79
Residential property values are continuing to slide as the market heads towards winter
Reserve Bank says about a quarter of the current outstanding mortgage stock was taken out during the peak of the housing boom in 2020-21 - with a fifth of this taken by first home buyers
2nd May 23, 11:12am
41
Reserve Bank says about a quarter of the current outstanding mortgage stock was taken out during the peak of the housing boom in 2020-21 - with a fifth of this taken by first home buyers
Barfoot & Thompson's median selling price slips below $1 million, now down $245k from November 2021 peak
2nd May 23, 10:38am
112
Barfoot & Thompson's median selling price slips below $1 million, now down $245k from November 2021 peak
New Reserve Bank mortgage figures show homeowners paid close to $4 billion in interest during the March quarter, while total scheduled repayments topped $6 billion for the first time since the RBNZ started publishing this data
1st May 23, 11:12am
16
New Reserve Bank mortgage figures show homeowners paid close to $4 billion in interest during the March quarter, while total scheduled repayments topped $6 billion for the first time since the RBNZ started publishing this data
ANZ slightly more optimistic on the house price front, thinks they will bottom out in June
28th Apr 23, 9:39am
88
ANZ slightly more optimistic on the house price front, thinks they will bottom out in June
Rising wages are moderating the effect of rising interest rates on first home buyers
28th Apr 23, 5:00am
58
Rising wages are moderating the effect of rising interest rates on first home buyers
[updated]
RBNZ says the risks to financial stability posed by high-LVR lending have reduced to a level where the current restrictions may be unnecessarily reducing efficiency
26th Apr 23, 9:20am
117
RBNZ says the risks to financial stability posed by high-LVR lending have reduced to a level where the current restrictions may be unnecessarily reducing efficiency
The country's banks are telling the Reserve Bank that borrower sentiment 'will likely tend towards more caution' due to the fast-changing housing market conditions
24th Apr 23, 12:06pm
66
The country's banks are telling the Reserve Bank that borrower sentiment 'will likely tend towards more caution' due to the fast-changing housing market conditions