Auckland house prices edged up for a second month in June in the face of fewer listings and intense demand among property buyers, according to Barfoot & Thompson.

The Reserve Bank says raising interest rates now isn't the right policy response to an overheated housing market.

Ongoing fallout from the US plan to easemoney printing policy and uncertainty in Asian markets are being blamed for a fall on the New Zealand share market.

Mighty River Power shares slumped to a new low of $2.23 this morning as the local stock exchange followed world markets down, reaching its lowest point in a month.

Wall Street has declined after Fed chairman Ben Bernanke said the central bank may begin tapering its US$85 billion-a-month bond-buying program later this year.

If the market distortion is going to persist then those with the means should be buying multiple houses, they can't do anything but go up in value, writes Gareth Morgan.

The Greens back down on their print money policy is good - but co-leader Russel Norman shouldn't expect to be finance minister in a Labour-led government.