![Auckland property market losing its heat](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Auckland property market losing its heat
Auckland's biggest real estate agency says median house prices dropped 1.3 per cent last month and its chief also acknowledged auction clearance rates had "slowed".
Auckland's biggest real estate agency says median house prices dropped 1.3 per cent last month and its chief also acknowledged auction clearance rates had "slowed".
"Massive" home valuation rises across the Auckland region pushed the average up 24.4 per cent annually to a new high of $918,153.
Average asking prices for Auckland homes have dropped more than $18,000 in just a month, says realestate.co.nz.
The Reserve Bank says its policy decisions can't be judged solely on the level of inflation in the country, as it has to maintain the credibility of its operating framework and can be trumped by new....
The benchmark index's October run was bolstered by investor demand for investments paying regular income in a low interest rate environment.
The Reserve Bank kept its official cash rate on hold but economists said it was only a matter of time before the bank resumed its easing bias.
Official cash rate to remain at 2.75 per cent but bank worried about effects of China slowdown.
Tourism is edging closer to dairy as New Zealand's top export earner with a 17 per cent boost to nearly $12 billion in the past year.
Economists expect the Reserve Bank to keep its powder dry when it reviews its official cash rate on Thursday.
Trade talks with EU may take years to start, writes Audrey Young.
Hard-hitting report offers solution to runaway house prices and housing shortage in the city.
World dairy prices were down 3.1 per cent in the latest overnight auction.
New Zealand European-staffed companies servicing New Zealand European customers have an unsustainable business model because the country's ethnic demographic is changing so rapidly, says the author....
New Zealand's services sector, which accounts for about two-thirds of the economy, was at its most buoyant level in almost eight years in September.
China's economic growth decelerated in the latest quarter to a six-year low of 6.9 per cent despite repeated interest rate cuts and other stimulus measures.
Millennials have tough new competition for apartments and flats heating up the nation's housing market: Mum and Dad.
Farm prices are falling, but spring and a slow turnaround in the dairy industry is boosting morale.
Risks in the housing market remain high despite a crackdown on lending standards which has made the banking system safer, the Reserve Bank of Australia says.
October 2015 may just be remembered as the month when the great Australian housing boom came to an end.
Nobel prize winning economist looks at how trying to help poor countries hurts them.