David Hargreaves

During the past 20 years only the post-global financial crisis period saw slower starts to the year for the mortgage market, Reserve Bank data shows

During the past 20 years only the post-global financial crisis period saw slower starts to the year for the mortgage market, Reserve Bank data shows

Latest RBNZ lending figures show the total stock of mortgage borrowing grew by 3.2% over the past 12 months, which is the slowest rate of annual growth since late 2012

Latest RBNZ lending figures show the total stock of mortgage borrowing grew by 3.2% over the past 12 months, which is the slowest rate of annual growth since late 2012

ANZ's latest Business Outlook Survey shows improved business confidence and expected activity levels, while inflation indicators have eased - but only slowly

ANZ's latest Business Outlook Survey shows improved business confidence and expected activity levels, while inflation indicators have eased - but only slowly

The Reserve Bank may have just ensured it won't become the meat in the political sandwich during the forthcoming election campaign

The Reserve Bank may have just ensured it won't become the meat in the political sandwich during the forthcoming election campaign

ASB economists rue the whiplash derived from last week's big 'dovish' shift by the Reserve Bank, while Westpac economists still see a further Official Cash Rate hike in August and ANZ economists expect one in November

ASB economists rue the whiplash derived from last week's big 'dovish' shift by the Reserve Bank, while Westpac economists still see a further Official Cash Rate hike in August and ANZ economists expect one in November

Reserve Bank figures show the near-moribund mortgage market is being propped up by first-timers as April lending figures continue to reflect the sagging house prices

Reserve Bank figures show the near-moribund mortgage market is being propped up by first-timers as April lending figures continue to reflect the sagging house prices

With just days to go to the end of the current season, Fonterra has downgraded its milk price forecast to an implied $8.20, while its first forecast price for the new season implies a price of $8; is promising a 'strong' dividend

With just days to go to the end of the current season, Fonterra has downgraded its milk price forecast to an implied $8.20, while its first forecast price for the new season implies a price of $8; is promising a 'strong' dividend

The Reserve Bank is now indicating it thinks the falls in house prices will slow during this year and will be about finished by the start of next year

The Reserve Bank is now indicating it thinks the falls in house prices will slow during this year and will be about finished by the start of next year

Reserve Bank raises interest rates as expected but throws in a major surprise by indicating this will be the last rise

Reserve Bank raises interest rates as expected but throws in a major surprise by indicating this will be the last rise

Stats NZ says decreased volumes in hardware and vehicle retailing helped drive a fall in total retail sales in the March 2023 quarter

Stats NZ says decreased volumes in hardware and vehicle retailing helped drive a fall in total retail sales in the March 2023 quarter

Mortgage broker boss urges Reserve Bank to hold fire on another Official Cash Rate hike

Mortgage broker boss urges Reserve Bank to hold fire on another Official Cash Rate hike

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

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

The Reserve Bank is almost being 'out-hawked' by economists as they bid up the odds of higher interest rates ahead of this week's latest Official Cash Rate decision

The Reserve Bank is almost being 'out-hawked' by economists as they bid up the odds of higher interest rates ahead of this week's latest Official Cash Rate decision

David Hargreaves examines the coming week's Reserve Bank OCR review and says much attention will be on whatever the RBNZ indicates it might do next - rather than what it actually does on the day. Will there be surprises? Oh, probably

David Hargreaves examines the coming week's Reserve Bank OCR review and says much attention will be on whatever the RBNZ indicates it might do next - rather than what it actually does on the day. Will there be surprises? Oh, probably

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

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

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'

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

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

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

David Hargreaves looks at some issues that need tackling ahead of the next housing boom, because yes, there will be another

David Hargreaves looks at some issues that need tackling ahead of the next housing boom, because yes, there will be another

Westpac NZ economists say stronger measures will be needed in the grocery sector to generate enough competition to deliver the outcomes the Government seeks

Westpac NZ economists say stronger measures will be needed in the grocery sector to generate enough competition to deliver the outcomes the Government seeks

Food prices up 12.5% in the year to April 2023 - the highest annual rate of increase seen since 1987; National's Willis says household budgets have 'nowhere to hide'

Food prices up 12.5% in the year to April 2023 - the highest annual rate of increase seen since 1987; National's Willis says household budgets have 'nowhere to hide'

Stats NZ figures show that total card spending rose 1% after seasonal adjustment in April, following a big 3.1% rise in March

Stats NZ figures show that total card spending rose 1% after seasonal adjustment in April, following a big 3.1% rise in March

Tower says the Auckland Anniversary Weekend flood may now cost as much as $225 million, while it says it won't be paying a half-year dividend to shareholders

Tower says the Auckland Anniversary Weekend flood may now cost as much as $225 million, while it says it won't be paying a half-year dividend to shareholders

Reserve Bank concedes that about 25% of outstanding mortgages were stress-tested by banks at lower interest rates than prevail now

Reserve Bank concedes that about 25% of outstanding mortgages were stress-tested by banks at lower interest rates than prevail now

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

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