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15 Jul 2025 7:59
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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.

    © 2025 Newstalk ZB, NZCity

     Other Business News
     15 Jul: The Commerce Commission is taking legal action against Foodstuffs North Island and Gilmours Wholesale, over alleged cartel behaviour
     14 Jul: Meal-kit company HelloFresh has pleaded guilty to five charges of misleading customers
     14 Jul: Continued tough news for our economy -- with the service sector still not back in recovery mode
     14 Jul: Retail spending's risen in June, as Kiwis fork out for a winter wardrobe
     14 Jul: The Education Minister wants to build our numbers of overseas students
     14 Jul: Attempts to patch up what's being described as our broken energy market, don't yet stretch far enough
     13 Jul: Belief the Government needs to step up, and make urgent changes to the energy market
     Top Stories

    RUGBY RUGBY
    Coach Scott Robertson's laying down a challenge to the All Blacks squad with their series against France already in the bag ahead of the third and final test More...

    BUSINESS BUSINESS
    The Commerce Commission is taking legal action against Foodstuffs North Island and Gilmours Wholesale, over alleged cartel behaviour More...


     Today's News

    		 Accident and Emergency:
    One person has died in a crash south of Palmerston North 7:47

     Entertainment:
    Bella Thorne claims Charlie Puth "lied to the entire world" about her after she refused to sleep with him 7:40

     Law and Order:
    Two police officers patrolling in Auckland's Northcote have uncovered a stash of ammunition, drugs and a gun 7:37

     Politics:
    Anthony Albanese to meet China's President Xi Jinping and Premier Li Qiang in Beijing 7:27

     Health & Safety:
    Plans are progressing for a new hospital in Otago Central Lakes 7:27

     Politics:
    The Minister for Auckland's keeping positive despite a mixed annual State of the City report 7:17

     Entertainment:
    Coco Jones and Donovan Mitchell are engaged! 7:10

     International:
    Is New Caledonia's agreement, championed by Macron, a 'new chapter' or a 'betrayal'? 7:07

     Business:
    The Commerce Commission is taking legal action against Foodstuffs North Island and Gilmours Wholesale, over alleged cartel behaviour 7:07

     Entertainment:
    Kid Cudi and Lola Abecassis Sartore have tied the knot 6:40

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