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22 Dec 2024 18:34
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      Home > News > Business

    Interest rates are continuing to fall, but house prices are yet to rise

    Interest rates are continuing to fall, but house prices are yet to rise


    Economists expect the Reserve Bank to slash the Official Cash Rate by 25 to 50 basis points at its next review on Wednesday.

    Latest figures from CoreLogic show house values have dropped for seven months in a row.

    Chief Property Economist Kelvin Davidson says lower mortgage rates are boosting market sentiment, but that's yet to flow through to prices.

    He says while new borrowers get lower rates, it takes longer to kick in for those already borrowing.

    © 2024 Newstalk ZB, NZCity

     Other Business News
     22 Dec: New Ministry of Transport figures show more than a third of transtasman flights have been running late
     21 Dec: A lack of surprise over the drops sales for spirits and RTDs
     21 Dec: Industrial-zoned land shortages in Auckland means Briscoes has turned to Drury for a new project
     20 Dec: Retailers are seeing signs of a slow turnaround in consumer confidence
     20 Dec: Cryptopia liquidators have made a huge dent as they look to pay out former account holders
     20 Dec: Beware of bad customers – and 3 other ways small and medium businesses can thrive in 2025
     20 Dec: Another sweet season in the books for kiwifruit growers
     Top Stories

    RUGBY RUGBY
    American skiing great Lindsey Vonn has marked her return to the World Cup circuit for the first time in nearly six years by finishing 14th fastest in the super-G at Saint Moritz, Switzerland More...

    BUSINESS BUSINESS
    New Ministry of Transport figures show more than a third of transtasman flights have been running late More...


     Today's News

    		 International:
    Here's what is known about the alleged Magdeburg Christmas market attacker 18:26

     Business:
    New Ministry of Transport figures show more than a third of transtasman flights have been running late 18:06

     Soccer:
    The Wellington Phoenix men need their leaders to step up tonight as they strive to overcome a rare two-game losing slump in football's A-League 17:26

     Basketball:
    In basketball 17:16

     International:
    US Navy pilots shot down in 'friendly fire' during strikes against Houthis 16:56

     Soccer:
    No sense of panic in the Wellington Phoenix men's camp, despite dropping their last two matches 16:56

     Boxing:
    Undisputed heavyweight boxing champion Oleksandr Usyk has paid tribute to opponent Tyson Fury after beating him by unanimous decision in their rematch in Riyadh 16:36

     Rugby:
    American skiing great Lindsey Vonn has marked her return to the World Cup circuit for the first time in nearly six years by finishing 14th fastest in the super-G at Saint Moritz, Switzerland 16:16

     Environment:
    A Severe Thunderstorm Warning is in place for Selwyn and Ashburton 16:06

     Law and Order:
    Police have charged two men after the death of Napier man Boy Taylor, in the city's centre on Wednesday 14:56

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