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Reserve Bank of New Zealand (RBNZ) Stories - Page 2

Kiwi Stories

Reserve Bank of New Zealand (RBNZ) stories

Why the property market lacked its summer sizzle
Real estate

Why the property market lacked its summer sizzle

Falling interest rates have yet to shake New Zealand’s housing market out of its summer lull, with values up just 0.5% in three months.

By Michael Curreen • 11 min read • Wed, 12th Mar 2025
Changing market conditions present opportunity
Real estate

Changing market conditions present opportunity

Lower borrowing costs and expiring term deposits could lift demand for commercial and residential property as investors hunt better returns.

By Michael Curreen • 3 min read • Thu, 6th Feb 2025
Revolut applies for banking licence in New Zealand
Reserve Bank of New Zealand

Revolut applies for banking licence in New Zealand

Revolut has lodged an application to become a registered bank in New Zealand, aiming to enhance financial services for Kiwis with innovative solutions.

By Imee Dequito • 2 min read • Mon, 9th Dec 2024
What more OCR cuts mean for property
Real estate

What more OCR cuts mean for property

Mortgage holders may get further relief early next year, but house prices are likely to rise only modestly as listings and unemployment stay high.

By Staff Writer • 2 min read • Fri, 29th Nov 2024
Commercial sentiment rises following OCR cuts
Real estate

Commercial sentiment rises following OCR cuts

Lower interest rates are reviving property investor confidence, with national sentiment turning positive after the Reserve Bank’s OCR cuts.

By Michael Curreen • 3 min read • Tue, 5th Nov 2024
How the market is responding to OCR cuts
Real estate

How the market is responding to OCR cuts

House values fell again in September, with lower rates yet to lift prices and mortgage stress still a risk for borrowers.

By Michael Curreen • 10 min read • Wed, 9th Oct 2024
First OCR drop in four years has immediate impact
Real estate

First OCR drop in four years has immediate impact

Buyer enquiries jumped 8.5% in the fortnight after the Reserve Bank’s cut, as more Kiwis moved into the market.

By Michael Curreen • 4 min read • Mon, 2nd Sep 2024
New Zealand fintech Debut eyes first local AI-based open bank
Fintech

New Zealand fintech Debut eyes first local AI-based open bank

New Zealand's fintech Debut is set to become the first locally-owned bank tailored for AI and open banking, aiming to dismantle financial barriers.

By Melania Watson • 4 min read • Wed, 28th Aug 2024
Unusually active winter for property market
Housing

Unusually active winter for property market

Buyer demand picked up in July, with sales rising 14.5% year on year even as the national median house price slipped 2.2%.

By Michael Curreen • 7 min read • Tue, 20th Aug 2024
Property values fall for fifth month running
Real estate

Property values fall for fifth month running

Flat house prices are helping first-home buyers as nationwide values slipped 0.5% in July, the fifth monthly fall in a row.

By Michael Curreen • 6 min read • Thu, 1st Aug 2024
Different cities see small drops and gains in house prices
Real estate

Different cities see small drops and gains in house prices

Auckland and Wellington weakened again in May as high mortgage rates and plenty of listings kept the national housing market subdued.

By Michael Curreen • 5 min read • Thu, 6th Jun 2024
Borrowers bet on rate cuts by locking in short-term mortgages
Real estate

Borrowers bet on rate cuts by locking in short-term mortgages

Higher costs now are prompting borrowers to favour one-year deals, even as CoreLogic says that bets on lower mortgage rates are building.

By Michael Curreen • 4 min read • Fri, 26th Apr 2024
CoreLogic predicts 5% rise in house prices this year
Real estate

CoreLogic predicts 5% rise in house prices this year

High mortgage rates and weak sales are keeping the housing market subdued, even as CoreLogic sees prices rising about 5% this year.

By Michael Curreen • 5 min read • Sun, 3rd Mar 2024
Rents increasing twice as much as normal
Real estate

Rents increasing twice as much as normal

New data show annual rent growth hit 6.1% in October, as tight supply and strong migration keep pressure on tenants.

By Michael Curreen • 2 min read • Thu, 7th Dec 2023
Certainty breeds confidence
Housing

Certainty breeds confidence

More vendors returned to the market in November as government and OCR certainty lifted buyer confidence and steadied asking prices.

By Michael Curreen • 4 min read • Sun, 3rd Dec 2023
Confidence returns to property market post-election
Real estate

Confidence returns to property market post-election

Buyer interest lifted in October, with new listings, auctions and asking prices all rising after the election.

By Michael Curreen • 3 min read • Tue, 31st Oct 2023
Property sales up pre-election
Real estate

Property sales up pre-election

Buyers and sellers are returning to the market as September sales rose 5.1% year-on-year and homes sold in fewer days, REINZ said.

By Michael Curreen • 7 min read • Fri, 13th Oct 2023
House prices up for first time since downturn
Real estate

House prices up for first time since downturn

National home values have edged up 0.5% this quarter, but most cities are still below year-ago levels as demand stays patchy.

By Michael Curreen • 13 min read • Mon, 11th Sep 2023

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