The expected price for smaller Auckland homes is continuing to increase, with Trade Me reporting a 26.5 per cent jump for properties of one and two bedrooms.

Having chugged along through the financial crisis, China's huge expansion in debt now threatens to destabilise the economy.

The NZ dollar has edged closer to its record against the Australian dollar overnight - briefly touching 96.29 Australian cents this morning.

Walt Glazer asks whether Auckland should become the Hong Kong of the South Pacific or remain a Kiwi oasis of security for the future.

Salvation Army says housing shortage adding "incredible stress" to families as its State of Nation report shows Auckland's crisis worsened by a record near-4000 houses last year.

The global growth scare that's gripped financial markets is looking overblown to some economists.

Finance Minister Bill English has responded to a warning about a “sharp correction” in the housing market, saying that skyrocketing house prices “cannot go on forever”.

Reserve Bank governor Graeme Wheeler has hosed down speculation he is minded to cut the official cash rate any time soon, say economists.

Reserve Bank governor Graeme Wheeler today raised the risk of a "sharp correction" in the Auckland housing market.

Despite the US government announcement that the economy grew at a slower-than-expected pace in the fourth quarter of 2014, the boom is still very much alive.

Auckland homeowners are finding themselves unable to sell, because they can't find another place to buy due to a listings drought.

Auckland house values rose at almost twice the rate of the rest of New Zealand, up 9.8 per cent or $68,309 in the last year.