Gisborne house price inflation hits 30.6%; RBA, RBNZ threaten more bond buying

Wellington City’s average house values have risen 7.2% since November.

Wed, 03 Mar 2021

TLDR: Fresh figures out this morning show New Zealand’s housing market fire raged in February, particularly in the provinces. Gisborne’s annual inflation rate hit 30.6%. Central banks continue to do their bit to help, both here and in Australia. Both talked up the prospect for more money printing and bond buying yesterday. Global stock markets took heart too on the talk of central bank support and were solid this morning. However, Australian supply chain financing giant Greensill Capital hit the rocks last night.Last-minute splurge?...

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