Inflation stories
More stock and faster sales suggest the housing market may be turning a corner before spring, despite higher rates and election uncertainty.
New building consents are set to fall to their lowest since the Global Financial Crisis as higher rates, costs and tighter lending squeeze projects.
Borrowers facing repricing will welcome a stable OCR, with the Reserve Bank now signalling cuts may not come until early 2025.
Buyer activity is lifting sales, but thin stock and election jitters are keeping many sellers off the market, REINZ says.
Rising material costs and labour shortages are squeezing margins, yet many mid-sized firms are still investing to protect future growth.
Low sales volumes are making New Zealand house-price falls swing sharply from month to month, QV says, even as declines ease overall.
Slowing demand is easing pressure on New Zealand builders, with construction cost growth now running well below the 2022 peak.
New research warns freight delays and higher consumer prices loom as New Zealand’s logistics worker gap is projected to quadruple by 2028.
Tighter stock on the market and a 7.5% rise in sales point to New Zealand housing volumes finally bottoming out after a long slump.
Regional housing markets are regaining confidence as eased lending rules and steadier rates lifted May sales in seven areas, REINZ said.
Property investors may see yields stabilise soon, as the Reserve Bank of New Zealand signals its Official Cash Rate has peaked and cuts loom.
Construction firms are under mounting strain as price rises, supply shortages and softer demand push insolvencies higher across New Zealand.
As demand tapered, retailers continued to offer aggressive promotions to reduce the growing inventory. Vendors also incentivised channel to take on more stock.
Sales have fallen sharply from last year’s peak as higher interest rates and broader uncertainty cool New Zealand’s lifestyle property market.
Record sales at Sylvia Park, LynnMall and The Base helped offset a fall in property values as Kiwi Property posted a full-year loss.
The policy is set to cost taxpayers GBP £175 million a year, while experts warn the wider GBP £2.3 billion health package may still fall short.
Q3 2023 sees CEOs focusing on AI innovations, particularly Generative AI, and sustainability, says IoT Analytics.
Asia's financial institutions are increasingly embracing automation to increase efficiency and navigate economic volatility.
Belinda Grant-Geary named Head of Yahoo Finance Australia, overseeing editorial strategy and team, reporting to Euan Black, Director of Content.
Accelerated Payments appoints Chan Virk as UK Sales Director to expand presence and support businesses in the Midlands region and beyond.