The migration surge complicates the inflation picture, but is unlikely to be inflationary, says ASB.

Global short-end interest rates drifted higher last week as a handful of G10 central banks lifted policy rates, most notably Norges Bank and the Bank of England with 50bp hikes.

New Zealand households remain gloomy due to mounting financial pressures, making it difficult for mortgage advisers to get loans across the line.

Finance Minister Grant Robertson wants to make it clear the Commerce Commission banking study is not about bank conduct and culture.

The number of property sales last month was 7.5% higher than a year earlier – the first annual increase since May 2021, CoreLogic’s latest Chart Pack shows.

Median asking rents across the country hit $610 a week last month, another high this year.

Mortgage adviser and chartered accountant David Green says it’s time the industry turned into a profession.

Average asking prices for West Coast houses have dipped for the first time in the post-covid property market, Trade Me’s May Property Price Index shows.

Interest rate cuts will start in about nine months, says KiwiBank.

Some parts of the country are showing an increase in sales while buyers and sellers in other parts continue to wait, the latest REINZ data show.

House prices in dozens of suburbs across the country have risen in the past three months.

While house values continue to decline across the country, QV says one interesting trend is the relative strength of areas that have experienced strong first-home buyer activity over the past 12-18 months.

While house values continue to decline across the country, QV says one interesting trend is the relative strength of areas that have experienced strong first-home buyer activity over the past 12-18 months.

In Auckland, the country’s biggest housing market, the average house value has dropped by $282,647 since the beginning of last year.

A new entrant to the professional indemnity insurance market, Quadrant PI, is now offering retroactive cover as part of its standard package.

Two tenants who used their allocated parking space for storage have been told to remove their goods or they will be turfed out of their Manukau home.