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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. Lower Hutt’s red-hot housing market has cooled for the first time since last year on the tail of a record run of high prices, but house buyers shouldn’t hold their breath, experts say. Real Estate Institute of New Zealand (REINZ) figures show the median house price in the city dropped for the first time in seven months in March. The month ended on a price of $801,000, down $48,000 on February.

Wellington regionNew zealandUpper huttNew zealand generalBrad olsenJohn rossVan baarleWendy alexanderReal estate institute of new zealandLower huttEstate instituteSouth wairarapaProfessional redcoatsவெலிங்டன் பகுதிபுதியது ஜீலாந்துமேல் ஹட்