4 Apr 2023

Business commentator Rebecca Stevenson

From Nine To Noon, 11:07 am on 4 April 2023
While many South Auckland homeowners will be pleased to see the capital value (CV) of their houses skyrocket, they might not be as pleased to see how much it could add to their rates bills.

Photo: LDR / Stephen Forbes

After so many years talking about a rocketing housing market, what goes up must come down. And it is indeed coming down.

Rebecca talks to Kathryn about who is buying houses now, how many are we building, and are we in for a construction crash? Then the OCR.  Economic pundits are in almost universal agreement that the Reserve Bank of New Zealand will opt for a 25 basis point hike in its monetary policy review tomorrow. 

Rebecca Stevenson is a senior writer at interest.co.nz