RBNZ Hikes OCR To 4.25%, House Prices Likely To Crash 20%
WELLINGTON: The NZ Monetary Policy Committee today increased the Official Cash Rate (OCR) from 3.5 percent to 4.25 percent. The rate hike aimed at...
NZ GDP Grows 1% Annually In June Quarter, Australia’s Rises 3.6%
WELLINGTON: New Zealand's GDP grew 1.7% for the quarter ended June, 2020 on the back of the services industries, which makes up about two...
NZ Banks Can Withstand A 47% Crash In Housing Prices: RBNZ
With ASB economists predicting a 20% housing price fall in 2023 and a rise in the number of real estate inventory, up for sale...
ECONOMY: Building Activity & Construction Slowing Down in NZ
WELLINGTON: The seasonally adjusted volume of building activity was $8.9 billion in the June 2023 quarter, down 0.1 percent compared with the March 2023...
Do You Know The History Of New Zealand’s Financial Sector?
New Zealand's financial sector is a strong backbone that supports the island nation's vibrant economy. The industry has a rich history and operates under...
NZ’s Inflation Spikes To A Record 32-Year High To 7.2% In 2022
Even as the world reels under high inflation in a post pandemic world marred by the Russia-Ukraine war, New Zealand is seeing some of...
Why Hamilton Witnessed A Sharp Rise In House Prices In 20 Years
WELLINGTON: A recent study has assessed the reasons for a rapid rise in housing prices and rentals in the last 20 years in New Zealand's...
NZ Realty Mkt Takes A Sharp Dip Due To Rise In Interest Rates
WELLINGTON: Property market across New Zealand is marred by a rise in interest rates and falling prices, leading to low transaction activity across the...
