House prices need to fall at least another 16 percent to become anything like affordable, one forecaster says.

According to the Real Estate Institute, prices remain 15.9 percent below their 2021 peak - but Housing Minister Chris Bishop has indicated they need to drop down more.

Infometrics Principal Economist Brad Olsen explains further.


LISTEN ABOVE

House prices need to fall at least another 16 percent to become anything like affordable, one forecaster says.
According to the Real Estate Institute, prices remain 15.9 percent below their 2021 peak - but Housing Minister Chris Bishop has indicated they need to drop down more.
Infometrics Principal Economist Brad Olsen explains further. 
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Brad Olsen: Infometrics Principal Economist on the new data revealing house prices need to drop by 16 percent to become affordable

Equity markets around the world are experiencing lifetime highs - but one expert has warned of the possible risks involved.

The US, Japan, Europe and Australia are all thriving, amid a collective battle with inflation.

Sam Dickie from Fisher Funds explains the situation further.

LISTEN ABOVE

Equity markets around the world are experiencing lifetime highs - but one expert has warned of the possible risks involved.
The US, Japan, Europe and Australia are all thriving, amid a collective battle with inflation.
Sam Dickie from Fisher Funds explains the situation further.
LISTEN ABOVE

Sam Dickie: Fisher Funds expert on the state of equity markets around the world

The golden era oftrade is over and New Zealand needs to push hard to diversify its trading partners, according to a warning from the Deputy Secretary of Trade. 

During the Primary Industries Conference, Vangelis Vitalis said primary industry exports went through a boom between 1995 and 2017 but since then, things have become much harder.

The Country's Jamie Mackay unpack the issue further.

LISTEN ABOVE

The golden era of trade is over and New Zealand needs to push hard to diversify its trading partners, according to a warning from the Deputy Secretary of Trade. 
During the Primary Industries Conference, Vangelis Vitalis said primary industry exports went through a boom between 1995 and 2017 but since then, things have become much harder.
The Country's Jamie Mackay unpack the issue further.
LISTEN ABOVE

Jamie Mackay: The Country host on the Deputy Secretary of Trade calling for New Zealand to diversify trading partners

A property expert says housing changes announced today will increase supply - with a massive infrastructure bill attached.

Housing Minister Chris Bishop says they'll let cities expand by stopping councils setting fixed rural-urban boundaries and requiring them to plan for growth 30 years ahead.

Apartment floor area minimums and balcony requirements are being abolished.

Property developer and investor, David Whitburn, says it won't be the holy grail many are looking for.

"It is very expensive to put in the wastewater networks, the roading, the connections to electricity - and so forth."

LISTEN ABOVE

A property expert says housing changes announced today will increase supply - with a massive infrastructure bill attached.
Housing Minister Chris Bishop says they'll let cities expand by stopping councils setting fixed rural-urban boundaries and requiring them to plan for growth 30 years ahead.
Apartment floor area minimums and balcony requirements are being abolished.
Property developer and investor, David Whitburn, says it won't be the holy grail many are looking for.
"It is very expensive to put in the wastewater networks, the roading, the connections to electricity - and so forth."
LISTEN ABOVE

Brad Olsen: Infometrics Principal Economist on the new data revealing house prices need to drop by 16 percent to become affordable

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