‘Slow and low’: BNZ says housing market upturn will be like The Beastie Boys

‘Slow and low’: BNZ says housing market upturn will be like The Beastie Boys
Half of Realestate.co.nz’s 19 regions reported increases in new listings year-on-year. (Image: Bank of New Zealand)
Ella Somers
BNZ says the housing market upturn is here – but “with apologies to The Beastie Boys, slow and low is the tempo”.In the bank’s final Property Pulse report of 2023, chief economist (not the American rapper) Mike Jones said house prices in New Zealand had “rounded the turn” and were now on the rise again.“High mortgage rates will stick around for most of next year, and the economy is stuck in low gear,” he wrote.“We see little reason to change our short-term house price inflation forecasts of...

More Property

Triple Connection faces liquidation
Property

Triple Connection faces liquidation

The debt collector says the company "don't pay their bills".

Gregor Thompson 13 Dec 2024
Beachlands South development appeals settled
Property

Beachlands South development appeals settled

Appeals challenging the approval of a plan change for the Beachlands South development have been settled, paving the way for the multi-billion dollar project to proceed.“The success of negotiating a sensible outcome means that the development process can now move forward with the...

Staff reporters 11 Dec 2024
Winton 'stands to gain millions': MP
Property

Winton 'stands to gain millions': MP

The proposed fast-tracking of Sunfield is 'cronyism', local MP claims.

Maria Slade 11 Dec 2024
Olliver avoids bankruptcy – for now
Property

Olliver avoids bankruptcy – for now

A bid by BNZ to bankrupt the developer has been adjourned until February.

Maria Slade 10 Dec 2024