Rents will rise until supply expands - Infometrics

Rents will rise until supply expands - Infometrics
Dan Brunskill
A persistent rental shortage will see landlords keep passing on the cost of mounting regulation to tenants, according to Infometrics economist Brad Olsen.That lack of supply is being compounded by landlords passing on the cost of improving their properties to meet new healthy home standards, which Olsen said contributed to the biggest annual increase in rental prices since 2008.Those prices will keep rising for the next couple of years because of the rental shortage, Olsen said.“More people will be having to make tough decisions around their co...

More Economy

June card spending data bleak, says economist
Retail

June card spending data bleak, says economist

Retail spending fell a seasonally adjusted 0.6% in a month to $6.4 billion.

Gregor Thompson 12 Jul 2024
Dire times for New Zealand's manufacturing sector
Economy

Dire times for New Zealand's manufacturing sector

The performance index has now been below 50 for 16 consecutive quarters.

Rebecca Howard 12 Jul 2024
Mortgage rates coming down after RBNZ's dovish tilt
Economy

Mortgage rates coming down after RBNZ's dovish tilt

Westpac has dropped its 12-month rate by 25 basis points to 6.89%. 

Rebecca Howard 11 Jul 2024
RBNZ's dovish tilt will depend on inflation data
Economy

RBNZ's dovish tilt will depend on inflation data

The market is now predicting a 60% chance of a rate cut in August. 

Rebecca Howard 11 Jul 2024