
QV shows Auckland house value hikes
"Massive" home valuation rises across the Auckland region pushed the average up 24.4 per cent annually to a new high of $918,153.
"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.
Official cash rate to remain at 2.75 per cent but bank worried about effects of China slowdown.
Zero interest rates might be around awhile longer, that was the message last week from Federal Reserve governors.
The Treasury is warning that economic growth this year might drop below 2 per cent. That would mean virtually zero in per capita terms, writes Brian Fallow.
Consumer prices rose at a slower pace in the September quarter as more expensive vegetables and local body rates offset cheaper vehicle relicensing fee
But Reserve Bank governor is wary of stoking housing market.
Inflation probably slowed in the third quarter due in large part to a big ACC levy drop.
NZ house values rose at their fastest annual pace in more than eight years, as demand for Auckland housing overflowed to nearby regions.
Residential building consents fell 4.9pc in August as the Canterbury rebuild shifts its focus toward commercial work.
The kiwi fell to 63.06 US cents at 5pm in Wellington from 63.32 cents at 8.30am, and down from 63.99 cents yesterday.
Want to know what central bankers will do in the next few years? There's a Bank of England website page you need to read.
Auction clearance rates have dropped and attendance rates are down as soaring prices flatten out.