What slowdown? REINZ house price index rockets 26.8%

Sold! An auctioneer wraps up another frenetic month.

Thu, 13 May 2021

House sales continued to climb during April, with 7,218 homes changing hands – the highest number of houses sold in any April in five years.While comparisons with last April are largely irrelevant as that coincided with covid level 4 lockdown, with transactions limited to 1,076, the month is generally regarded as a slow one post the end of summer auction blitz. The New Zealand Real Estate Institute's (REINZ) House Price Index for New Zealand, which measures the changing value of property in the market, increased 26.8% year-on-yea...

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Law & Regulation

Peters seeks Racing Bill amendment at 11th hour

TAB NZ is concerned about the unintended consequences of not allowing it to refuse bets.

Gregor Thompson 12:30pm

World

Bessent hails ‘productive’ US-China trade talks

Beijing says the two sides agreed to start a formal negotiation process.

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Summerset launches $100m bond offer

Summerset Group has launched a six-year bond offer to fund the repayment of previously issued debt. The retirement village and aged care company told the market on Monday that it is raising up to $100 million, with the potential to accept an additional $50m in oversubscriptions. ...

Staff reporters 10:15am