News | Business
16 Aug 2022 15:51
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    Adrian Orr thinks house prices will drop over the next year

    Adrian Orr thinks house prices will drop over the next year


    The Reserve Bank Governor and his colleagues have increased the Official Cash Rate to point-75 percent, partly to deal with ballooning house prices.

    Orr says what people are having to pay is well above sustainable levels but will decrease as significant supply comes on stream.

    He says the momentum of what's being built at the moment is historically significant, but constraints on building supplies and labour are real.

    © 2022 Newstalk ZB, NZCity

     Other Business News
     16 Aug: MPI officials are rejecting suggestions China's been banning New Zealand meat imports
     16 Aug: Earthquake strengthening may not be the disaster many Wellington building owners should be fearing
     16 Aug: Challenging times remain, but there's a glimmer of hope when it comes to inflation
     15 Aug: Restaurants say the commission charged for food delivery can make it impossible to turn a profit
     15 Aug: New Zealand's avocado growers are remaining upbeat, despite predictions the industry could take a hit
     15 Aug: Uber generated 1.2-billion dollars in economic value for New Zealand last year
     15 Aug: NZ Rugby boss defends lack of certainty about All Blacks coach's future
     Top Stories

    RUGBY RUGBY
    Three newcomers have been named in the Tall Blacks squad for friendlies this week in Japan ahead of two World Cup qualifiers before the end of the month More...


    BUSINESS BUSINESS
    MPI officials are rejecting suggestions China's been banning New Zealand meat imports More...



     Today's News

    Law and Order:
    The man accused of murdering Pauline Hanna at her Remuera home last April -- is her husband, Philip Polkinghorne 15:39

    Law and Order:
    Police have recovered a car, in relation to the death of Sean Buis in Dunedin last month 15:29

    Entertainment:
    Mindy Kaling feels most comfortable writing about "strivers and dorks" 15:12

    Tennis:
    Andy Murray has pulled out an epic three-set win over fellow veteran Stan Wawrinka in the first round of the Cincinnati Masters 14:49

    Entertainment:
    Jesy Nelson "cried like a baby" while listening to her new album 14:42

    International:
    YouTuber shares 'holiday from hell' after COVID-19 outbreak in China's Sanya puts hotel into lockdown 14:19

    Entertainment:
    Susan George feels "privileged to have known" Dame Olivia Newton-John 14:12

    International:
    China stages more military drills near Taiwan as US political delegates visit 14:09

    Business:
    MPI officials are rejecting suggestions China's been banning New Zealand meat imports 14:09

    International:
    Why are they changing the name for monkeypox? What's the origin of the name? 13:59


     News Search






    Power Search


    © 2022 New Zealand City Ltd