Annual house price growth slumps to 3.7%

Staff reporters
Wed, 15 Jun 2022

Annual house price inflation slowed to just 3.7% in May with prices down 1.6% in the month and down 5.6% in the three months ended May.The Real Estate Institute's house price index (HPI) data showed the biggest monthly fall was in Wellington, down 2.8%, taking that city’s annual price drop to 6.9% while Auckland’s annual price was up 0.6% on a year earlier.The number of properties sold was down 28.4% to 5,556 in the latest month from 7,758 in May last year with Auckland sales down 38.3% to 1,761, the lowest sales count for a May...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Tourism
Tourism needs to 'embrace' job-sharing to spur recovery – report
Brent Melville | Wed, 10 Aug 2022

An industry that lost more than a third of its workforce during the pandemic needs to start thinking differently about work sharing.

Primary Sector
A2 Milk gets shot down because of issues in application
Rebecca Howard | Wed, 10 Aug 2022

The FDA continues to work around the clock to address current supply challenges, including reviewing a number of requests from manufacturers for enforcement discretion, as quickly as possible, a spokesperson said. 

Law & Regulation FREE
Cigna admits to wrongly lifting customers' cover and premiums
Ella Somers | Wed, 10 Aug 2022

Cigna Life Insurance has admitted to misleading more than 52,000 customers.

Sponsored
A clearer path to the cloud

Step-by-step cloud transition can bring benefits, experts say.

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).