Better quality demands helped fuel house prices: Reserve Bank

Better quality demands helped fuel house prices: Reserve Bank
Reserve Bank researcher Andrew Coleman says house price surges are often caused by interest rate movements. (Image: BusinessDesk)
Jenny Ruth
Demand for better quality housing, which cannot be quickly met from new supply, is a major reason for unsustainable house prices, says a Reserve Bank of New Zealand paper by researcher Andrew Coleman.The paper also argues that temporary house price surges are often caused by interest rate movements and that the decline in global rates over the last two decades is “likely to have been a factor in booming housing markets around the world and in New Zealand”.NZ experienced the most rapid increase in real house prices in the last 30 yea...

More Finance

Andrew Barclay to leave Goldman Sachs NZ
Finance

Andrew Barclay to leave Goldman Sachs NZ

Andrew Barclay has been one of NZ’s most respected deal-makers.

Pattrick Smellie 20 May 2025
How Sharesies is providing ‘patient’ capital for listeds
Finance

How Sharesies is providing ‘patient’ capital for listeds

The online platform is being tapped for bookbuilds and dividend reinvestment plans.

Fonterra boss wins big at INFINZ awards
Finance

Fonterra boss wins big at INFINZ awards

Michele Embling became a fellow of the institute. 

Staff reporters 13 May 2025
No longer 'boutique' Generate is executing, CEO says
Finance

No longer 'boutique' Generate is executing, CEO says

The fund manager is now the seventh-largest KiwiSaver provider.

Gregor Thompson 09 May 2025