Finance

Housing investment no longer a one-way bet: RBNZ

Jenny Ruth
Thu, 30 Jun 2022

Housing investment no longer a one-way bet: RBNZ
RBNZ chief economist Paul Conway said housing dynamics are changing. (Image: supplied)
Jenny Ruth
Thu, 30 Jun 2022
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,...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Bloomberg
Warren Buffett’s Berkshire Hathaway ‘buys the dip’ again
Bloomberg | Mon, 08 Aug 2022

 The “Sage of Omaha” has emerged as a net buyer of equities in the June quarter, when markets were heading south around the world.

Bloomberg
What’s in the landmark US climate and tax bill
Bloomberg | Mon, 08 Aug 2022

After an epic struggle, the US Senate has passed a landmark climate change, tax and healthcare bill that Joe Biden hopes will help the Democrats in the mid-term elections.

Property
Wellington house price decline 'worst in world'
Brent Melville | Mon, 08 Aug 2022

Wellington is taking the brunt of the New Zealand housing market's sharp decline, dragged down by rising mortgage rates and tough credit conditions.

Sponsored
Energy of the future: Why we need innovation

The Tomorrow’s Energy Today conference is looking at ways to develop a clean, affordable and reliable energy future, says Brendan Winitana, chair of the Sustainable Energy Association New Zealand (SEANZ).

Sponsored
David Kelly: 'We must learn from past mistakes'

The CEO of the Registered Master Builders Association calls for the government and the building sector to create more resilience.