What to make of NZ's housing market decline

What to make of NZ's housing market decline
With masks off and covid mandates lifting, spirits may also lift, but economic headwinds remain strong. (Image: Getty)
Warren Couillault
There were some stats issued this week that paint a diverging picture of the New Zealand economy.  On the positive side, and rather surprisingly, June quarter GDP recorded a 1.7% quarterly gain and a 1% annual average. This strength was broadly surprising to most economists.  On the negative side were the weak stats released concerning the NZ housing market, both in terms of prices and activity.  Although the GDP figures seemed to show reasonably robust activity in the June period, I’m worried by the 3.2% fall in household...

More Economy

Consolidation on the cards as cash no longer king
Economy

Consolidation on the cards as cash no longer king

Cash use has declined for two decades. 

Rebecca Howard 28 Mar 2024
India's FTA surge and the implications for New Zealand
Economy

India's FTA surge and the implications for New Zealand

India has signed 13 free trade agreements in five years, but what does this mean for NZ?

Dileepa Fonseka 28 Mar 2024
Gone in a puff: Sanitarium axes jobs and well-known brands
Retail

Gone in a puff: Sanitarium axes jobs and well-known brands

A total of 49 jobs will be cut across manufacturing, logistics and head office.

Staff reporters 27 Mar 2024