Prospect of rate cuts unlikely to trigger immediate housing demand

Prospect of rate cuts unlikely to trigger immediate housing demand
The housing market continues to slow. (Image: NZME)
Rebecca Howard
House prices remained weak in June, and economists agree that the Reserve Bank of New Zealand’s more dovish outlook will have little impact yet.The Reserve Bank of NZ (RBNZ) surprised markets last week with a more dovish-than-expected statement, and markets moved to price in rate cuts as early as August.Data from the Real Estate Institute of NZ (REINZ) showed the total number of properties sold in NZ fell 32.6% in June compared to May 2024, from 6,461 to 4,356.ANZ Bank economists Miles Workman and Henry Russell said ANZ Bank recently...

More Economy

Winely goes into liquidation owing $2.2m
Economy

Winely goes into liquidation owing $2.2m

The company failed to repay a $400,000 loan from Callaghan Innovation.

The journey to monetary policy consensus at the RBNZ
Economy Analysis

The journey to monetary policy consensus at the RBNZ

The whole process takes about two weeks. 

Co-operative Bank remediates thousands of customers
Economy

Co-operative Bank remediates thousands of customers

Co-operative Bank has remediated a total of $7.2 million across almost 50,000 customers for charging higher fees than it should have and may yet have to pay a court-imposed fine.The Commerce Commission said the charging of higher fees breaches the Credit Contracts and Consumer Fi...

Andy Macdonald 25 Nov 2025
Kiwi Property Group's interim profit lower as write-downs bite
Economy

Kiwi Property Group's interim profit lower as write-downs bite

The property company reiterates its full-year dividend views.

Andy Macdonald 24 Nov 2025