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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Updated: RBNZ turns more dovish
Economy

Updated: RBNZ turns more dovish

The latest forecast imply two more rate cuts to come. 

RBNZ cuts to 3%, sees cash rate reaching 2.5%
Economy

RBNZ cuts to 3%, sees cash rate reaching 2.5%

RBNZ cuts by 25bps but thought about 50bps. 

Government keeps AA+ credit rating, Fitch warns to keep ‘culture of fiscal responsibility
Economy

Government keeps AA+ credit rating, Fitch warns to keep ‘culture of fiscal responsibility

The Government has kept its AA+ credit rating from Fitch, one of the big three ratings agencies – but the agency warned that a slackening culture of fiscal responsibility, a more severe housing market correction, or an unemployment spike could see the rating reduced in future.The...

Staff reporters 18 Aug 2025