NZ house prices could follow Australia's down: ASB

Jenny Ruth
Mon, 26 Nov 2018

By Jenny Ruth Nov. 26 (BusinessDesk) - Australian house prices are falling and prices here tend to follow suit with a peak impact after about six months, according to ASB Bank economist Mark Smith. Australian house prices are down about 3 percent from their October 2017 peak with the declines being most acute in the major centres. Sydney prices have fallen about 7.5 percent from their June 2017 peak and Melbourne prices are down about 5 percent, Smith says. The latest Real Estate Institute of New Zealand’s house price index shows price...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets Market close
NZ shares slide on recession risk
Dan Brunskill | Tue, 17 May 2022

Central banks are expected to rapidly tighten policy, the risk of an energy crisis in Europe remains, and economic activity in China has been slowing.

BitPrime calls on crypto community for cash
Dan Brunskill | Tue, 17 May 2022

The crypto retailers plan to create a decentralised autonomous organisation to give supporters a say in how the business is run. 

Tracksuit a good fit for brand tracking
Ben Moore | Tue, 17 May 2022

Startup Tracksuit is simplifying brand tracking as digital marketing faces the death of online tracking.

Grow your business by taking time to plan

Getting business fundamentals right gives the best chance at beating the unplannable.

Partner content
More fuel storage needed now

Boosting fuel reserves could prevent social & economic disruption.