Property

Economists split on whether property boom is over or slowing

A slip in the median price for New Zealand homes in August has economists split on whether it heralds the end of a property boom that has gripped the nation.

Sunday, September 19th 2004

Real Estate Institute (Reinz) figures out yesterday showed the median house price in August was $247,000, down $2000 on July.

It was the first time property prices had stopped rising since the property boom took off three years ago.

Reinz national president Howard Morley said the dip was driven by increased demand for affordable properties and slower activity in the market's "upper end".

Bank of New Zealand economist Craig Ebert said the figures confirmed a number of the boom's drivers were no longer present and that the market appeared to be losing steam.

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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
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Unity	6.99
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ICBC	7.05
China Construction Bank	7.09
BNZ - Classic	7.24
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BNZ - Classic	6.55
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