House prices are accelerating again, even in Auckland

House prices are accelerating again, even in Auckland
Jenny Ruth
House price inflation continued to accelerate in November, but sales volume was down nearly 2 percent with the Real Estate Institute citing both lack of listings and a widening gap between what sellers are asking and what purchasers are prepared to pay.REINZ's national house price index rose 5.6 percent to a record in November from a year earlier and by 8.3 percent excluding Auckland.That's up from the national 3.9 percent increase in October and the ex-Auckland rate of 8.2 percent.Kiwibank economist Jeremy Couchman said this is the strongest n...

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NZIER's Shadow Board predicts RBNZ will hold, with one exception
Economy

NZIER's Shadow Board predicts RBNZ will hold, with one exception

The New Zealand Institute of Economic Research’s Shadow Board expects the Reserve Bank of NZ to hold the official cash rate at 5.5% for another year, although one member did call for a hike this week. “While inflation pressures are still high and the labour market remains strong,...

RBNZ could hint cuts may come sooner
Economy

RBNZ could hint cuts may come sooner

The RBNZ will announce its latest decision at 2pm on Wednesday. 

Briscoe Group says tax changes will hit FY net profit by $7.4m
Retail

Briscoe Group says tax changes will hit FY net profit by $7.4m

New legislation affects depreciation on commercial buildings.  

Rebecca Howard 05 Jul 2024
Core Crown tax revenue higher than expected in May accounts
Economy

Core Crown tax revenue higher than expected in May accounts

Government tax intake is $1.57 billion higher than forecast, according to the latest Crown accounts.Treasury released the interim financial statements for the 11 months ended May 31 on Wednesday morning, which showed core Crown tax revenue was $111.12b.This was 1.4% more than the...

Staff reporters 04 Jul 2024