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18 August 2023

Market update: OCR stable at 5.50%, but Kiwi are holding their breath for election day

Sticking to the path it laid out for us in July, the RBNZ has opted to hold the OCR steady at 5.50% - and they're saying it might be 2025 before rates start to come down again. But global uncertainties, deflationary forces in China and the upcoming election has everyone holding their breath.

19 July 2023

Are house prices "about right"?

Word on the street is that house prices have finally hit "sustainable" levels, after 18 months of significant falls. But are they really "about right"? Chief Squirrel, David Cunningham, digs into the data to tell us whether house prices really are where they need to be.

13 July 2023

Market update: No move is big news, as OCR hike streak officially comes to an end

And there it is, finally - after 12 back-to-back increases - the break in interest rate hikes we’d all been waiting for. The question now is, when will rates start to fall again?

13 June 2023

Green shoots in the housing market are continuing to grow

There is an increasing number of signs pointing to a turnaround in the housing market, and quite possibly even gains in house prices and sales. However, the question remains: What factors are driving this shift to happen sooner than anticipated?

19 May 2023

Market update: Stabilising forces tempt more (and more) buyers off the fence

Between a weakened construction sector, increasing migration and more businesses starting to retrench (both of which are helping to ease pressure in the job market), there are lots of signs out there to indicate that inflation’s coming under control. So, will there be another OCR increase?

12 May 2023

Rodney’s Ravings: There’s time to prepare for the next house price boom

The unemployment rate doesn’t just tell us where the economy’s at, or where inflation’s headed... it can actually also help to predict when house prices will take off again.

18 April 2023

Is the construction boom coming to an end?

With a great number of construction related businesses going into liquidation every week, negatives dominate in the house building sector and buyers need to apply extra caution as they contemplate getting a house built.

17 February 2023

The endgame starts - again

I recall mentioning last year there was a good chance that the housing market would bottom out around the end of 2022 then stage a small recovery over 2023 with prices maybe rising by 5%. But then the inflation numbers came in.

20 January 2023

Housing market weakening once again

We all underestimated the extent to which prices would rise when the pandemic struck in early-2020. Now, almost everyone has underestimated the extent to which prices, and sales, are heading down now that the pandemic is over and the inflation resulting from excess stimulus needs to be brought under control.

19 December 2022

Market update: Even with recession on the horizon, it's not all bad news

It's pretty scary out there right now - but despite appearances, the foundations are already being laid for the housing market's recovery.

09 November 2022

Rodney's Ravings: Auckland's decline will sow the seeds for its next outperformance

A mix of high residential construction levels and a falling population has proven a bit of a nasty cocktail for Auckland house prices. But they're the same factors that will usher in the region's recovery.

28 October 2022

Property investors backing away from the market

My monthly survey has shown a decrease in the net proportion of these investors thinking about buying another property from 10% down to only 2%.