Surging house prices a thing of the past

Surging house prices a thing of the past
The New Zealand housing market went nowhere in 2024. (Image: Alex Burton, NZME)
Maria Slade
Wednesday, Feb 19, is shaping up to be a red-letter day for the New Zealand housing market.It marks the Reserve Bank of NZ’s first monetary policy statement and official cash rate (OCR) review of the year, in which it is widely expected to cut the OCR by another 50 basis points.With inflation of 2.2% now back inside the policy target band and the economy doing little better than dogpaddling, the country desperately needs a financial booster.(The High Court swung back into action last week after its lengthy break and the pent-up list of 12...

More Property

NZ is off track on emissions targets: CCC
Property

NZ is off track on emissions targets: CCC

The Government will need new policies to cover the emissions target gap.

Greg Hurrell 25 Jul 2025
FMA warns lenders on mortgage fraud
Finance

FMA warns lenders on mortgage fraud

The FMA sees dangers for borrowers if lenders aren't vigilant.

Staff reporters 25 Jul 2025
The ‘tech bro’ approach to real estate
Property

The ‘tech bro’ approach to real estate

Tokenised property is coming, whether the regulators participate or not, experts say.

Maria Slade 25 Jul 2025
Du Val assets to remain frozen: Court
Property

Du Val assets to remain frozen: Court

The judge’s decision is heavily redacted, pending a suppression appeal by the Clarkes.

Maria Slade 22 Jul 2025