Property

Brakes go on Australian house prices

Australian house prices had their smallest rise in three years in the March quarter, providing more evidence that economic activity has slowed and interest rates may have already peaked for the year.

Sunday, June 06th 2004

The weighted average Australian house price index for established houses in eight capital cities rose 2.5 per cent in the first quarter, the Australian Bureau of Statistics said yesterday.

That compares with a 6 per cent rise in the fourth quarter and is the smallest gain since the March quarter of 2001.

"How this sector fares over the rest of this year will determine the fate of the overall economy," said Su-Lin Ong, senior economist at RBC Capital Markets.

"The sands are shifting. Driven by a moderation in the key housing sector, where virtually all indicators are pointing down, the economy appears to have lost considerable momentum," she said.

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Wednesday, April 17th 2024

Rate cuts needed to lift mood

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Monday, March 18th 2024

Support for regulation

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Thursday, March 14th 2024

A better investment market

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Thursday, March 14th 2024

[OPINION] Recessionary times

It is not the best out there for many businesses and property sector people. Sales are down across the board, our clients’ confidence is falling, and there is a lot of uncertainty.

Heartland Bank - Online	6.69
SBS FirstHome Combo	6.74
Wairarapa Building Society	6.95
Unity	6.99
Co-operative Bank - First Home Special	7.04
ICBC	7.05
China Construction Bank	7.09
BNZ - Classic	7.24
ASB Bank	7.24
ANZ Special	7.24
TSB Special	7.24

Unity First Home Buyer special	6.45
Heartland Bank - Online	6.45
TSB Special	6.75
Westpac Special	6.75
China Construction Bank	6.75
ASB Bank	6.75
ICBC	6.75
AIA - Go Home Loans	6.75
Kiwibank Special	6.79
Co-operative Bank - Owner Occ	6.79
ANZ Special	6.79

ASB Bank	6.39
Westpac Special	6.39
AIA - Go Home Loans	6.39
China Construction Bank	6.40
ICBC	6.49
SBS Bank Special	6.55
Kiwibank Special	6.55
BNZ - Classic	6.55
Co-operative Bank - Owner Occ	6.55
TSB Special	6.59
Kainga Ora	6.99

SBS FirstHome Combo	6.19
AIA - Back My Build	6.19
ANZ Blueprint to Build	7.39
Credit Union Auckland	7.70
ICBC	7.85
Heartland Bank - Online	7.99
Pepper Money Essential	8.29
Co-operative Bank - Owner Occ	8.40
Co-operative Bank - Standard	8.40
First Credit Union Standard	8.50
Kiwibank	8.50