Reserve Bank says NZ house prices still overvalued

Reserve Bank says NZ house prices still overvalued
Reserve Bank governor Adrian Orr says house prices have further to fall. (Image: BusinesDesk)
Rebecca Howard
New Zealand house prices have further to fall, according to the Reserve Bank of NZ’s latest financial stability report.Nationwide house prices are now around 16% below their peak and are “closer to being at sustainable levels than has been the case in recent years", it said. Price falls in Auckland and Wellington have continued to lead the rest of the country, with these markets 21% and 24% down from their respective peaks.However, the Reserve Bank of NZ (RBNZ) said the overall balance across indicators suggests prices rem...

More Economy

Adrian Orr’s first commercial post-RBNZ gig revealed
Economy

Adrian Orr’s first commercial post-RBNZ gig revealed

Orr backs the Māori economy in his first executive gig since quitting.

Pattrick Smellie 12 Sep 2025
Retail card spending climbs for third month
Retail

Retail card spending climbs for third month

The total amount spent using electronic cards was $9.3 billion.

Chido Machingura 12 Sep 2025
Receivers hunt for missing cars amid $5.7m company collapse
Economy

Receivers hunt for missing cars amid $5.7m company collapse

The cars were moved to Takanini and Manurewa before the insolvencies.

Gregor Thompson 12 Sep 2025
Majority of CFOs want Govt policy shift, but don't expect it
Finance

Majority of CFOs want Govt policy shift, but don't expect it

The Mood of the CFO survey shows a “two speed” economy with wildly divergent results.

Dileepa Fonseka 10 Sep 2025