Housing investment no longer a one-way bet: RBNZ

Housing investment no longer a one-way bet: RBNZ
RBNZ chief economist Paul Conway said housing dynamics are changing. (Image: supplied)
Jenny Ruth
Some of the fundamentals driving house prices are changing, which may stop investing in housing being a one-way bet, said the Reserve Bank’s new chief economist Paul Conway in his first public speech.Among the fundamentals that are changing, many New Zealanders are heading overseas now the borders have reopened, but immigration isn’t likely to return to pre-pandemic levels quickly, Conway told the national property conference in Auckland.Changes in urban planning rules are also freeing up more land for housing.Changes in tax rules,...

More Finance

Port of Auckland to pay $45m special dividend to council
Finance

Port of Auckland to pay $45m special dividend to council

The divestment proceeds will be used to top up the Auckland Future Fund.

Oliver Lewis 27 Jun 2025
$600m in tourist spend at risk from regulation: Mastercard
Finance

$600m in tourist spend at risk from regulation: Mastercard

When Europe cut interchange fees, foreign card decline rates soared.

Pattrick Smellie 27 Jun 2025
Michael Lorimer exits Grant Samuel amid more sector change
Finance

Michael Lorimer exits Grant Samuel amid more sector change

Lorimer has sold his 80% stake in the corporate advisory firm.

Duncan Bridgeman 26 Jun 2025