NZ isn't alone in having a red-hot housing market

NZ isn't alone in having a red-hot housing market
Westpac acting chief economist Michael Gordon says the Reserve Bank won't raise interest rates any time soon.
Jenny Ruth
CNN reported a fixer-upper in suburban Washington DC attracted 88 offers within three days of listing, 76 of them all-cash offers.Business Insider reported that a smallish house in suburban Sacramento in California got 122 offers in two days and sold for about US$50,000 (NZ$70,868) over the $400,000 asking price.The Economist reported US house prices rose 11% in the year ended January, the fastest pace of price increase in 15 years, while house prices in Britain increased 8% and by 9% in Germany in 2020.The US National Association of Realtors s...

More Economy

Weak jobs data help clear path for August rate cut
Economy

Weak jobs data help clear path for August rate cut

Filled jobs edged higher but will likely be revised lower. 

OCR steals the show
Economy

Cameron Bagrie: OCR steals the show

The yield on a NZ 10-year bond is currently around 4.6%.

Cameron Bagrie 28 Jul 2025
Independent review warm on ACC investment arm but eyes risk
Economy

Independent review warm on ACC investment arm but eyes risk

A review of ACC’s investment arm issues warm findings but homes in on risk factors.

Staff reporters 25 Jul 2025
Tariff-led fall in NZ export demand less than in GFC: RBNZ
Economy

Tariff-led fall in NZ export demand less than in GFC: RBNZ

RBNZ's Paul Conway concluded that global supply chains were becoming less efficient.

Staff reporters 24 Jul 2025