Some heat in the housing market won't worry the Reserve Bank

The REINZ house price index was a tad higher month on month in July. (Image: Depositphotos).

Tue, 15 Aug 2023

The housing market is showing signs of life but isn’t expected to ruffle any feathers at the Reserve Bank of New Zealand. The Real Estate Institute’s July house price index lifted 0.7% month-on-month after lifting 0.4% in June. The July House Price Index (HPI) was still down 6.9% on the year. July marks the fourth consecutive month where prices have either been flat or shifted higher, implying that the market reached its coolest point in the first quarter of the year and is now ticking higher, said ASB economist Nath...

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