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6 Oct 2024 15:31
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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
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     05 Oct: Emergency Management Otago's priority is now restoring access and services to isolated communities
     05 Oct: The Reserve Bank board has plenty to think about this weekend, as it weighs up whether to cut the Official Cash Rate
     04 Oct: Shane Reti's backing Health New Zealand bosses -- despite the agency reporting a deficit of nearly a billion dollars for the past financial year
     04 Oct: Optimism over a new underwriting scheme - set up to stimulate housing construction
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     Today's News

    		 Politics:
    The Government's unveiled the 149 projects it's picked for its Fast Track Approvals Bill 15:27

     Law and Order:
    One person's assisting with Police enquiries after a violent assault in Central Wellington this morning 14:57

     Law and Order:
    A woman who was assaulted in September has died in hospital 14:27

     Rugby League:
    After playing together as teenagers, Penrith Panthers halves Jerome Luai and Nathan Cleary are in for their last ride together as they battle the Melbourne Storm in tonight's NRL Grand Final 14:27

     Entertainment:
    Garth Brooks has been accused of sexual assault and battery by a former makeup artist 14:09

     Environment:
    Relentless rainfall in Otago has highlighted the need for infrastructure improvements 14:07

     Environment:
    The State of Emergency in Clutha has now been lifted 13:47

     International:
    Five Israeli strikes hit Beirut's south as IDF says it will retaliate against Iran in its own time 13:47

     Entertainment:
    Kesha's ex-boyfriend broke up with her when she refused to take him to a party thrown by Taylor Swift 13:39

     Rugby:
    The Black Ferns are hoping a raft of changes will spark a change of fortune in tomorrow's second W-X-V match-up 13:27

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