The unemployment rate doesn’t just tell us where the economy’s at, or where inflation’s headed... it can actually also help to predict when house prices will take off again.
One of our biggest banks has just reported a 26% increase in revenue over the last six months - while growing sales by just 2%. How does that even happen? And what can Kiwi be doing to take some of it back?
We’re only 0.25% off the Reserve Bank’s (RBNZ’s) forecasted peak OCR – so will Kiwis be hit by other OCR hike, or have interest rates in New Zealand already peaked for this economic cycle?
With a great number of construction related businesses going into liquidation every week, negatives dominate in the house building sector and buyers need to apply extra caution as they contemplate getting a house built.
Earlier today, the Reserve Bank made its second Monetary Policy announcement of 2023, opting to push through another double increase, and take our Official Cash Rate (OCR) from 4.75% up to 5.25%. So what does this latest OCR outcome mean?
The banks have come under fire recently for some of the ways they're making money from their customers. If it's been a while since you reviewed your savings account options, here's how you might inadvertently be helping to line their pockets.
With inflation like it is right now, you're only marginally better off having money in the bank than you would be having it stashed away under your mattress. So, what other options are there?
Bank term investments might seem like the way to go if you want to earn the best returns on your savings. But between all the T&Cs and fine print, are they really all they're cracked up to be?
Investors largely remain concerned about interest rate levels and access to bank finance. So when will they return to the housing market, and what will be the catalyst?
"Buy anything and wait" has been all the strategy you needed to make money in property over the last few decades. But as the world enters an extended period of low growth, doing well as a property investor will require a more active approach.
The Reserve Bank has played things pretty much as expected with today’s Official Cash Rate (OCR) announcement, pushing through a 0.50% hike to take us from 4.25% to 4.75%.
I recall mentioning last year there was a good chance that the housing market would bottom out around the end of 2022 then stage a small recovery over 2023 with prices maybe rising by 5%. But then the inflation numbers came in.