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

Most Du Val investors unlikely to get anything
Property

Most Du Val investors unlikely to get anything

The statutory manager has released its latest report into the failed property group.

Oceania forecasts sales lift as it targets debt
Property

Oceania forecasts sales lift as it targets debt

It said sales applications had lifted 23% between July and August.

Ryman pulls $240m retirement village plans, lists premium Christchurch land for sale
Property

Ryman pulls $240m retirement village plans, lists premium Christchurch land for sale

CBRE described the property as a ‘generational’ development opportunity. 

Staff reporters 15 Sep 2025
Real estate industry wants AML levy exemption
Finance

Real estate industry wants AML levy exemption

The real estate industry is warning an AML levy will drive up costs in the sector.

Michael Neilson 15 Sep 2025