Property
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Economy
Analysis
Is the house price crash nearly over?
There are signs the pace of house price deflation is slowing.
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News in Brief
Annual house price decline in December steady at 13.7%, sales down 39%
Prices in Wellington fell the most in December compared with a year earlier but sales volumes in Wellington declined the least among the regions.
Economy
Westpac Bank sees more pain ahead for households
Westpac Bank is predicting more pain for households over the year ahead as inflation erodes spending power and borrowing costs push higher.“Conditions for borrowers are set to become a lot tougher over the coming year. Close to half of all fixed-term mortgages will come up for re...
Bloomberg
Higher rates and falling prices hammer NZ homeowners
Rising interest rates and the housing slowdown are expected to drive the economy into recession this year as consumers cut back on spending.
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Oliver Lewis
Infrastructure Editor
Oliver Lewis won the local government reporting category at the 2023 Voyager Media Awards. He is part of our investigations unit and also covers infrastructure, housing and employment issues. Formerly with Stuff/The Press, Oliver has also written for the Guardian and North & South.
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articles by Oliver