Subscribe today - find out more
Why you should consider BusinessDesk
Property
Sponsored by
mansons TCLM

NZ's newest label: #1 in global house inflation

Brent Melville
Thu, 09 Dec 2021

NZ's newest label: #1 in global house inflation
NZ is hitting an 'affordability ceiling'. (Image: Deposit photos)
Brent Melville
Thu, 09 Dec 2021
New Zealand’s economic response to the covid pandemic served to double its housing rate of inflation to 64% over a five-year term, the largest rise of any major economy.The latest research by global realtor Knight Frank shows NZ had been tracking at about 34% since 2016, but that ramped up after the Reserve Bank of New Zealand (RBNZ) cut the official cash rate to a record low of 0.25% last March.Canada’s rate of housing inflation also spiked dramatically after the Bank of Canada did likewise, pushing expected inflation fro...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Coronavirus
NZ's moving to red as Omicron's here: 'get boosted' urges Ardern
Pattrick Smellie | Sun, 23 Jan 2022

Hunker down, not lockdown – omicron is here.

On the Money
On the Money: Richard Chandler charging into 2022, Jane Hrdlicka, Grant Baker, and more
Rebecca Stevenson | Sat, 22 Jan 2022

OTM this week: flying high with Richard Chandler, an ace on ignoring the elephant in the room, a new Robbo-cop comes to town, and more. 

Opinion
Is New Zealand’s population too low?
Brian Gaynor | Sat, 22 Jan 2022

Our relatively small population has proven a huge disadvantage to NZ companies that expand offshore, particularly when they experience headwinds. By Brian Gaynor.

Sponsored
Grape expectation for first major wine auction

Buying wine at auction can be a smart way to build your cellar or discover a world of wine

Sponsored
How to pick the perfect real estate investment now

Now is a good time to get on the property investment ladder - here is how to get there.