ANZ: House prices going up faster than we thought ANZ says it now expects house prices to lift about 4% over the second half of this year, and to continue to rise at their current pace until autumn next year. Previously, the bank had predicted growth would be 3% and then flatten in 2024. The bank’s economists said the house price cycle had clearly turned and prices had been “marching upwards” ov..

Advertised salaries rising at fastest rate in six years amid strong hiring activity The number of job ads is on the rise for the first time since March, alongside an increase in salaries. The latest Seek NZ Employment Report indicates job ad volumes rose 2.2 percent in August over July, with the number of applications per job continuing to rise for the sixth consecutive month, with a 2 percent i..

New Zealand Immigration: Prime Opportunity with Green List Expansion In the wake of the Immigration Department's announcement last Saturday, if you've ever considered immigrating to New Zealand, now may be the most opportune time, according to the expert analysis by Insider. New Zealand is actively addressing its ongoing shortage of skilled workers by expanding the Immigration Green List, adding..

Real Estate Agent Found Guilty and Fined Due to Water Leakage Issue In a recent development, a real estate agent has been found guilty and fined a total of $11,000 for waiting until the completion of a property sale to disclose a water leakage issue. The property in question had humidity levels eight times higher than the normal range, and it failed to provide the buyers with a building report t..

Prefu Economic Update: OCR and Interest Rate Projections, Housing Price Rise Forecasts Economic experts suggest that there will be no surprises for the Reserve Bank of New Zealand (RBNZ) based on the future path of the Official Cash Rate (OCR) in the Prefu (Pre-election Economic and Financial Update). Caralee McLiesh, the Finance Minister, unveiled predictions for the government's finances and t..

The most expensive districts to rent in Aotearoa as supply dwindles and demand surges Auckland North Shore: New Zealand's Highest Rent-Paying Area According to recent data from TradeMe, tenants in the Auckland North Shore area faced an average rent increase of $30 in July, bringing their monthly rental cost to $730. Meanwhile, in the same month, Porirua saw a significant 15% surge in rental pric..

New Zealand Expected to Emerge from Economic Slowdown On the 21st of this month, Stats NZ is set to release data for the second quarter of this year, with the market anticipating a modest growth of around 0.5%. ANZ predicts a growth rate of 0.4%, while the central bank forecasts 0.5%, and Kiwibank is even more optimistic with a projection of 0.6%. This growth is attributed to New Zealand's surge..

Inadequate Response to Earthquakes by New Zealanders: Basic Guidelines According to a study by Massey University in New Zealand, there is a tendency among New Zealanders to inadequately respond and become confused when they receive earthquake alerts. While New Zealand lacks an official earthquake alert system, Google sends automatic earthquake warnings to Android phones when vibrations are detec..

Back-to-Back Earthquakes Strike New Zealand's South Island ​ According to GeoNet, New Zealand's geological agency, a powerful magnitude 6.2 earthquake struck the northern part of the South Island, 45 kilometers from Geraldine, at 9:14 a.m. on the 19th. The earthquake's epicenter was at a depth of 10 kilometers, and local media reported tremors were felt in several cities across the South Island,..

TVNZ Live Election Debates: Heated Opinions of Luxon and Hopkins ​ As the October election approaches, Christopher Luxon and Chris Hopkins, the leaders of the National Party and the Labour Party, respectively, squared off in TVNZ's first leader debate. The two leaders clashed primarily over their opinions on the economy and crime. Opinions on GST Exemption for Fruits and Vegetables Luxon, leader..

Brad Olsen predicts rise in GDP but warns of 'shadow recession' ​ A leading economist believes New Zealand will bounce out of a recession when the new figures are revealed later this week but warns the economy isn't back to normal. It comes after the economy contracted over the previous two quarters, putting New Zealand into recession. Gross domestic product (GDP) data for the June quarter will ..

Here's how much prices have to rise to make buying a better option than renting your house ​ If house prices were to rise about 5% over the next year it would pay homeowners back for the extra cost of owning their home compared to renting it – at least on paper, BNZ chief economist Mike Jones says. He said buying a house was “much more expensive” than equivalent rent costs at the moment, and the..