
Home prices 7.5pc above last peak
Christchurch and Auckland property prices still increasing as regions slow over winter, figures show.
Christchurch and Auckland property prices still increasing as regions slow over winter, figures show.
New Zealand's government wants to trim "super profits" from land banking which it says is the biggest impediment to housing affordability in Auckland.
The NZIER shadow board thinks the Reserve Bank should keep the official cash rate on hold at 2.5 per cent tomorrow.
The recent drop in the value of the New Zealand dollar against the US currency could have a caught a number of companies off-guard.
If house prices start rising faster, it can require lenders to reduce the proportion of the property value they are prepared to lend, writes David Mayes.
The New Zealand dollar fell to a nine month low as investors concerned about global growth moved to the relative safety of US Treasuries.