New Zealand Economy

I reported yesterday how realestate.co.nz registered heavy house price falls across New Zealand, with the national average asking price of properties listed for sale plunging 8.8% from its January peak.

New Zealand’s June house price results were a complete wipeout.

Roy Morgan has released its New Zealand consumer confidence survey for July.

The Reserve Bank of New Zealand (RBNZ) has released mortgage data, which shows that buyer demand has well and truly collapsed.

New Zealand house prices are tanking.

The Post’s Tom Chodor has delved into why support for New Zealand Prime Minister Jacinda Ardern has collapsed domestically at the same time as the world holds her in high esteem.

This week has seen two Big Four New Zealand banks – ANZ and ASB – hike their forecasts for the official cash rate (OCR).

Last week, the Reserve Bank of New Zealand (RBNZ) sent an arrow through the hearts of Kiwi mortgage holders, hiking the official cash rate (OCR) another 0.5% – the third consecutive double increase.

The Reserve Bank of New Zealand (RBNZ) today hiked the official cash rate (OCR) by another 0.5% – the third consecutive double rate hike.

A week ago, the Bank of New Zealand (BNZ) forecast the economy would enter a recession next year that could be deeper than anticipated.

The Real Estate Institute of New Zealand (REINZ) has released its July survey of licensed real estate agents, which is wall-to-wall bearish and points to further heavy price falls for the nation’s housing market.

The latest batch of consumer confidence reports for New Zealand shows that Kiwis remain extremely depressed on the back of soaring inflation and interest rates.

The Reserve Bank of New Zealand’s latest mortgage data shows that buyer demand continues to plummet following aggressive interest rate hikes that have pushed key mortgage rates to between 5% and 6.5%: The value of mortgage commitments fell 29% in the year to May 2022, according to the RBNZ.

Bloomberg Economics has released its list of the world’s riskiest housing markets that are most vulnerable to a house price crash.

This week’s Westpac McDermott Miller Consumer Confidence Survey recorded the lowest New Zealand consumer confidence reading in records dating back to the late 1980s.

Economist Tony Alexander has released a new survey of mortgage advisers, which finds that both first home buyers and investors continue to pull back from New Zealand’s housing market: A net 12% of our respondents this month have reported that they are seeing fewer first home buyers looking for finance.