Covid-19 created rare opportunity to tackle housing market stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.
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The consumers price index is expected to rise about 0.7 percent or 0.8 percent, which would leave the annual inflation at around 1.4 percent.
However, strength in the numbers is likely to be masked, with the March quarter data missing the usual 10 percent tobacco tax rise.
Kiwibank senior economist Jeremy Couchman expected a strong housing market and rising fuel prices would be the main inflation drivers, offset by the smaller increase in the tobacco tax. On the housing side of things, there s just the ongoing increase in construction costs with a huge demand for housing at the moment, and also with limited supply of rentals, rents are, they re just gradually increasing, he said.
Are investors starting to step back from the housing market? stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.
RNZ
The Reserve Bank is under attack for pouring fuel on the house price bonfire with its latest move to boost the economy, but its defenders say it’s not the bank s job to control the housing market.
House price records toppled around the country in February as the number of homes sold for less than $500,000 fell to the lowest level ever, new Real Estate Institute data reveals. Just 17.6 per cent, or 1399, properties nationwide sold for less than $500,000 in February, which was a drop of 30.5 per cent on the same time last year – and bad news for those hoping to pick up a more affordably priced home.