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6 Oct 2024 11:28
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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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     06 Oct: NZTA says State Highway 1 is under stop go traffic management near Tuamarina, between Blenheim and Picton -and could close fully later this morning - after a serious crash
     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

    		 International:
    Emmanuel Macron urges halt to arms sales to Israel as IDF says it will retaliate against Iran in its own time 11:27

     Business:
    Who should pay when building or repairing a shared fence? 11:17

     Entertainment:
    Mark Estes wants to "focus on the future" following his breakup with Kristin Cavallari 11:09

     Golf:
    Four birdies on the back nine has shot Ryan Fox up five places at the PGA Tour event in Mississippi 11:07

     Rugby League:
    Melbourne Storm winger Will Warbrick is hoping to go one better than his last big decider in tonight's NRL grand final against the Penrith Panthers 10:47

     Rugby:
    The Black Ferns are confident a new locking combination will provide more mobility to the forward pack for tomorrow's crunch W-X-V showdown against England in Canada 10:47

     Entertainment:
    Charlie Puth refused to play any of his own music at his wedding 10:39

     Rugby:
    The Black Ferns are chasing redemption in tomorrow morning's W-X-V rugby clash against world number one England in Canada 10:27

     Entertainment:
    'Rust's premiere will honour late cinematographer Halyna Hutchins 10:09

     Law and Order:
    A woman who was critically injured in an assault at her Western Heights Rotorua home in September has died 10:07

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