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House sales slow again

A property data company says it's recorded seven consecutive months in which fewer homes sold than the year before.

  • House sales dropped 6.4% YoY in July to 6,935
  • First-home buyers accounted for 29% of sales
  • Market remains active with 27,336 listings

No really, the economy is improving

Westpac has released its latest economic overview, which says the economy is regaining momentum after a turbulent period.

  • New Zealand economy showing positive growth in Q3
  • Forecasted 2% growth for full year, 3% next year
  • Inflation at 4.1%, cash rate expected to rise to 4%

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