News | Business
6 Jul 2022 0:55
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

    A higher Official Cash Rate to help curb inflation, but how will it affect our housing market?

    A higher Official Cash Rate to help curb inflation, but how will it affect our housing market?


    While increasing the OCR by 0.5 percent to two percent doesn't come as a surprise -- the Reserve Bank's forecast of a lift to 3.25 percent by the end of the year, did.

    CoreLogic chief property economist, Kelvin Davidson says it'll flow through to mortgage rates -- which will have a more negative impact on the housing market than first thought.

    He says the bank initially suggested a nine percent fall in house prices, now it's saying a 12 percent fall.

    © 2022 Newstalk ZB, NZCity

     Other Business News
     05 Jul: The business community is feeling downbeat
     05 Jul: Ukraine war latest: Enormous price for Russia's 'victory', a Snake Island flag, and the cost of Ukraine's recovery
     05 Jul: A warning of tough times ahead for our economy
     05 Jul: Our Finance Minister says the Crown's books look good -- despite challenges in the global economy
     05 Jul: A clear signal for the Reserve Bank out of the latest survey on business confidence
     05 Jul: Former workers of a Dunedin bakery will finally see the total compensation owed to them
     05 Jul: Credit demand is softening, as interest rates increase
     Top Stories

    RUGBY RUGBY
    The injury and illness defections of Sam Whitelock and Tupou Vaa'i have complicated matters for the All Blacks ahead of the second test against Ireland More...


    BUSINESS BUSINESS
    The business community is feeling downbeat More...



     Today's News

    Law and Order:
    a third man has been arrested in connection with the murder of 48-year-old Mark Hohua in Whakatane 21:49

    Entertainment:
    Harry Styles feels "heartbroken" after the shooting in Copenhagen on Sunday (03.07.22) 21:38

    Politics:
    Immigration has been on our Prime Minister's agenda during her trip to Australia 21:19

    Entertainment:
    Victoria Beckham's daughter Harper mocks her Spice Girls outfits 21:08

    Entertainment:
    Adele wants to have more children 20:38

    Entertainment:
    Sharna Burgess feels like she's found "heaven" with Brian Austin Green 20:08

    Entertainment:
    Miranda Lambert is happy for her husband to go shirtless on Instagram 19:38

    International:
    Second Independence Day shooting in US, hours after gunman kills six in Chicago parade 19:19

    Entertainment:
    Alexandra Burke has given birth 19:08

    Health & Safety:
    in health news....Australian researchers say New technology could revolutionise the way doctors detect concussion, epilepsy and dementia 18:59


     News Search






    Power Search


    © 2022 New Zealand City Ltd