Subscribe today - find out more
Why you should consider BusinessDesk

NZ house prices accelerate at second fastest rate in world

Brent Melville
Wed, 15 Sep 2021

NZ house prices accelerate at second fastest rate in world
House prices are still rising. (Image: BusinessDesk)
Brent Melville
Wed, 15 Sep 2021
New Zealand’s house price inflation continues to outstrip most of the developed world’s post-pandemic increases.For the 12 months to June, NZ house prices jumped by an average annual 25.9% year-on-year. This is second only to Turkey which had a 29.2% increase for the same period, according to the latest Knight Frank global house price index.That’s in line with a covid induced housing price boom that has seen record global average price rises of 9.2% across 55 countries and territories.The boom, prompted by quantitative easing...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Bank mortgage lending less frenzied but agri-lending falls
Jenny Ruth | Tue, 30 Nov 2021

All five largest banks except Westpac increased their lending to business in the September quarter. 

Red light for Auckland, orange for South Island
Brent Melville | Mon, 29 Nov 2021

The government will move New Zealand to its traffic light framework from Friday with most of the country in either the red or orange levels.

Taming the beast that's inflation
Cameron Bagrie | Mon, 29 Nov 2021

The RBNZ’s job is not going to be easy over the coming years. There are myriad forces at play and reading the tea leaves will be tough.  

Mansons leads with 120% carbon offset for new builds

Mansons TCLM is committing to a benchmark of 120% carbon offset for new buildings.

SIXT drives the company car upmarket

SIXT is enhancing its adaptable car subscription service with SIXT Business, catering for businesses wanting premium vehicle fleets.