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Kiwibank’s latest Annual Regional Report presents a cautiously optimistic outlook for New Zealand’s economy. Although nearly every region has shown signs of economic recovery, Wellington continues to struggle due to public sector cuts. Kiwibank Chief Economist Jarrod Kerr described 2024 as a year of
Three major banks have announced further cuts to mortgage rates ahead of the Reserve Bank’s official cash rate (OCR) review next week. This move follows a recent trend in the market, which has seen home loan rates decline in recent months. Related: Southland Property Market Sees Surge in Listings an
The property market in Southland is witnessing significant changes, with recent data showing a notable increase in both listings and available housing stock. According to the latest report from realestate.co.nz, the region, particularly Invercargill, is seeing a dynamic shift in market trends.Relate
This winter the team is helping whanau in need in our community by supporting Jubilee Budget Advisory Service in giving their team valuable information and advice around heating their homes. Awarua Synergy General Manager Sumaria Beaton-Sikisini said Awarua Synergy had winter warmth products they we
Preparations are going well for the Southland Home Show this weekend, with exhibitor space sold out at ILT Stadium Southland. Held every year for the past 28 years, organiser George Owen said each event they made sure it had a slightly different focus to keep people interested. Good news about the r
The latest QV House Price Index reveals that New Zealand’s housing market continues to struggle, with home values dropping by an average of 0.9% nationally over the three months to the end of June 2024. This marks a larger reduction than the 0.2% quarterly decline observed in May. The average home v
The Government is taking a new approach to urban development, rejecting the notion that cities can only expand outward or that increasing density is a universal solution. According to Bishop, “The Government will make it easier to build new houses in existing urban areas, as well as work towards est
Southland has surged to the top of ASB’s latest Economic Regional Scoreboard for the first quarter of 2024. This scoreboard ranks regions based on year-on-year growth across various measures, including employment, building consents, and retail sales. ASB Chief Economist Nick Tuffley revealed that So