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12 May 2021 11:00
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  •   Home > News > Business

    House prices are riding high but they're expected to cool

    House prices are riding high but they're expected to cool


    Real Estate Institute figures show the median price countrywide has risen about a quarter, to 826 thousand dollars, in the year to March.

    Prices lifted about three percent last month.

    ASB senior economist Mike Jones says Government changes to things like interest deductibility, will take some of the heat out of the market.

    He says the bank expected house prices to keep nudging higher over the next six months but now expects them to flatten out.

    © 2021 Newstalk ZB, NZCity


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     Today's News

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    Law and Order:
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    Law and Order:
    Napier Police have upgraded grievous bodily harm charges against a 48-year-old woman ... to murder 10:27

    Entertainment:
    Thomas Rhett is to become a father for the fourth time 10:16

    Entertainment:
    The Duchess of Cornwall has enjoyed “a half hug” with her grandchildren 9:46

    Law and Order:
    The fact by-standers were able to help victims in the Dunedin knife attack, show why knowing first aid is so important 9:27

    Entertainment:
    Ronnie Wood refused to "dwell on any negatives" while battling cancer for the second time 9:16

    Soccer:
    Stability in defence is being hailed as the key to Manchester City's latest Premier League football title triumph 9:07

    Entertainment:
    John Legend has praised Chrissy Teigen for coming out of a "testing" year even "stronger" 8:46


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