News

Housing markets don’t move in straight lines. Instead, there tend to be periods of rising sales, prices, and construction followed by falls then periods when things are relatively flat.

Now that the media have acknowledged house prices are falling, we are seeing one of the key elements of a downward leg of the house price cycle coming into play...

THE  PULLBACK  FROM  UNSUSTAINABLE  PRICING  HEIGHTS.

Last  month  I  wrote  about  the  boom  being  over  in  the  residential  real  estate  market  around  New Zealand  and  the  past  month  has  brought  further  evidence  of  this.  Specifically, after  falling  1.5%  in  December  average  NZ  house  prices  fell  by  another  1.1%  in January.

A mini credit crunch Last month I wrote that a number of factors are coming into play which will cause a slowing in the pace of house price growth around...

Housing market strong despite, and even because of, lockdown

Interest rate outlook quickly changes Towards the end of the article I wrote last month was this sentence.

It would be good to be able to say that things are settling down now in the world economy and our own, and that we can make some reasonably robust...

A key determinant of where the New Zealand economy goes is the pace of growth in our main export destinations.

Impact of housing policy changes In my last article written a month ago, the final sentence read like this “The government primarily, and the Reserve Bank almost reluctantly, are likely...