No flared trousers, please, but housing parallels to the 1970s are eerie

No flared trousers, please, but housing parallels to the 1970s are eerie
A "motivated" seller in Karori is offering a bargain. (Image: Ray White)
Jenny Ruth
Last week's housing data from the Real Estate Institute was scary stuff.All last year, I was incredulous that it seemed no matter what was thrown at the housing market to stop the galloping house price inflation we were seeing, nothing was working.Adverse tax changes, turning the immigration tap off, loan-to-valuation restrictions on mortgage lending and record levels of house building didn't appear to make a dent in the upward momentum.But it seems it's like an ocean liner, slow to move, and now it finally has turned. Or perha...

More Economy

One-in-three chance the RBNZ will need to hike
Economy

Cameron Bagrie: One-in-three chance the RBNZ will need to hike

The composition of Wednesday's inflation number should worry the Reserve Bank.

Sticky domestic inflation may push rate cuts off table until 2025
Economy

Sticky domestic inflation may push rate cuts off table until 2025

Annual inflation was 4% versus 4.7% in the December quarter.

Rebecca Howard 17 Apr 2024
RBNZ opens consultation on central bank digital currency
Economy

RBNZ opens consultation on central bank digital currency

Protecting monetary sovereignty is a key factor.

Rebecca Howard 17 Apr 2024
NZ watchful as bird flu spreads to US dairy cows
Primary Sector

NZ watchful as bird flu spreads to US dairy cows

The US outbreak is the first time the virus has been found in cows. 

Rebecca Howard 17 Apr 2024