New housing data shows the market hasn't quite matched the mood of the economy as of yet.

The Real Estate Institute of New Zealand says housing sales are down 5.4 percent from January last year.

Prices were also softer, with REINZ's House Price Index dropping 0.6 percent compared to December. 

Property Investors Federation expert Matt Ball says it looks like the housing market will stay flat for the next little while, but it's about the bigger picture.

LISTEN ABOVE

New housing data shows the market hasn't quite matched the mood of the economy as of yet.
The Real Estate Institute of New Zealand says housing sales are down 5.4 percent from January last year.
Prices were also softer, with REINZ's House Price Index dropping 0.6 percent compared to December.&nbsp;
Property Investors Federation expert Matt Ball says it looks like the housing market will stay flat for the next little while, but it's about the bigger picture.
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

Matt Ball: Property Investors Federation expert on house prices dropping in January

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/d6d48f03-c5cc-4892-8891-b3f3007277ba/transcript

Labour has raised some concerns over the FTA with India, but Finance Minister Nicola Willis is pushing back.

The opposition says they want the un-redacted advice about the deal and greater protection for migrant workers. 

Nicola Willis says there's strong aspirations in the agreement to promote investment.

"What it's saying is - let's both agree to promote significant levels of investment in our respective countries, let's put some aspirational targets out there."

LISTEN ABOVE

Labour has raised some concerns over the FTA with India, but Finance Minister Nicola Willis is pushing back.
The opposition says they want the un-redacted advice about the deal and greater protection for migrant workers.&nbsp;
Nicola Willis says there's strong aspirations in the agreement to promote investment.
"What it's saying is - let's both agree to promote significant levels of investment in our respective countries, let's put some aspirational targets out there."
LISTEN ABOVE

Nicola Willis: Finance Minister addresses concerns over India FTA

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/d6e15c76-9c86-4a98-89ba-b3f300642c84/transcript

More evidence of an improving economy, based on the amount of freight hitting our roads.

Freight company Freightways is reporting a 17 percent rise in half-year profit.

Chief executive Mark Troughear says they're starting to see optimism return, slowly and steadily.

"It's a good result, and that's a bit of market share gains - Australia is going really well for us. But in New Zealand, you're just starting to see customers trade a little bit up on what they did last year."

LISTEN ABOVE

More evidence of an improving economy, based on the amount of freight hitting our roads.
Freight company Freightways is reporting a 17 percent rise in half-year profit.
Chief executive Mark Troughear says they're starting to see optimism return, slowly and steadily.
"It's a good result, and that's a bit of market share gains - Australia is going really well for us. But in New Zealand, you're just starting to see customers trade a little bit up on what they did last year."
LISTEN ABOVE

Mark Troughear: Freightways chief executive on the company reporting a 17 percent rise in half-year profit.

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/b42136b6-2f0c-4dc3-9118-b3f30059c664/transcript

Airbnb rates in Christchurch have fallen for the first time in five years, as hosts flood the market before the new stadium opens.

The Press reports average short-term rental income dropped to $105 a night last year - down $2 annually.

Construction market analyst Mike Blackburn says multi-unit builds are dominating the city, with some apartments just 39 square metres with no carpark.

"These are units that are part of 20 or 30 units in a block, and they're specifically being built and being marketed and sold as Airbnb units."

LISTEN ABOVE

Airbnb rates in Christchurch have fallen for the first time in five years, as hosts flood the market before the new stadium opens.
The Press reports average short-term rental income dropped to $105 a night last year - down $2 annually.
Construction market analyst Mike Blackburn says multi-unit builds are dominating the city, with some apartments just 39 square metres with no carpark.
"These are units that are part of 20 or 30 units in a block, and they're specifically being built and being marketed and sold as Airbnb units."
LISTEN ABOVE

Mike Blackburn: construction market analyst on Airbnb rates in Christchurch dropping

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/277dbefb-a4e1-4f10-90e2-b3f300417f13/transcript

Matt Ball: Property Investors Federation expert on house prices dropping in January

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