Reinz data shows house prices lagging inflation and growth higher outside Auckland than within

Reinz data shows house prices lagging inflation and growth higher outside Auckland than within
(Image: Getty)
Dileepa Fonseka
House price index data for April shows prices trailing inflation, especially within New Zealand's biggest city. However, economists and the Real Estate Institute of NZ (Reinz) say stronger house price growth could be on the way thanks to changes to the bright-line test, the reintroduction of interest deductibility and population growth.Year-on-year Reinz house price index (HPI) data for April showed the market rising 2.8% year-on-year, compared to an inflation rate of 4% in the 12 months to March.Price growth in Auckland year-on-y...

More Economy

Consumer confidence back on the up – ANZ survey
Economy Free

Consumer confidence back on the up – ANZ survey

Consumer confidence rose five points to 98.3 in April, according to the latest ANZ-Roy Morgan survey, shoring up the upward trend that was starting to look wobbly.But inflation expectations also rose sharply – up 0.5 points to 4.7%, the highest reading since July 2023.“Household...

‘Uncertainty abounds’: Willis on trade war challenges
Economy

‘Uncertainty abounds’: Willis on trade war challenges

The impacts for NZ are twofold and will make its economic recovery harder, Willis says.

Rebecca Howard 23 Apr 2025
Rise in liquidations compounded by IRD crackdown
Economy

Rise in liquidations compounded by IRD crackdown

The IRD filed two-thirds of creditor applications in the March quarter.

Gregor Thompson 22 Apr 2025