The One Roof Velocity house value index has revealed a drop in property value across the country. 

Major cities like Auckland, Wellington and Hamilton have all experienced drops. However, more rural areas such as Southland, Canterbury and Northland have all seen a rise. 

CEO of real estate at Velocity Helen O’Sullivan told Mike Hosking that although the prices have dropped, the real estate market is still healthy. 

She said ‘Volumes are a key indicator, and we’re seeing those pick up’ 

LISTEN ABOVE 

The One Roof Velocity house value index has revealed a drop in property value across the country.&nbsp;
Major cities like Auckland, Wellington and Hamilton have all experienced drops. However, more rural areas such as Southland, Canterbury and Northland have all seen a rise.&nbsp;
CEO of real estate at Velocity Helen O’Sullivan told Mike Hosking that although the prices have dropped, the real estate market is still healthy.&nbsp;
She said ‘Volumes are a key indicator, and we’re seeing those pick up’&nbsp;
LISTEN ABOVE&nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Helen O'Sullivan: CEO of Real Estate at Velocity says housing price drops are not indicative of the market

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/a50e43a7-4ad4-47d9-8ee6-b30b014b1495/transcript

Some relief is being felt by Auckland's local boards as the Government looks to back-track on its housing requirements.  

The Government has mandated intensification plans for the city to open the door to two million potential homes over the next 30 years. 

But Prime Minister Christopher Luxon says feedback clearly shows change is needed. 

Orākei Local Board Planning Portfolio Lead Troy Churton told Mike Hosking he'd like to see a slower, more considered approach.  

He says the plan was made to accelerate housing change, but the scale and bluntness has undermined the system. 

LISTEN ABOVE 

Some relief is being felt by Auckland's local boards as the Government looks to back-track on its housing requirements. &nbsp;
The Government has mandated intensification plans for the city to open the door to two million potential homes over the next 30 years.&nbsp;
But Prime Minister Christopher Luxon says feedback clearly shows change is needed.&nbsp;
Orākei Local Board Planning Portfolio Lead Troy Churton told Mike Hosking he'd like to see a slower, more considered approach. &nbsp;
He says the plan was made to accelerate housing change, but the scale and bluntness has undermined the system.&nbsp;
LISTEN ABOVE&nbsp;

Troy Churton: Orākei Local Board Planning Portfolio Lead on the Government looking at changing the Auckland housing intensification plans

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/34e0e518-0e25-4c36-b72e-b3d7013e7859/transcript

The Education Minister's unfazed by a rise in sector vacancies, saying these aren't the right figures to be looking at.  

Around 450 teaching and principal roles remain vacant – 12% more than this time last year. 

Minister Erica Stanford told Mike Hosking most of these aren't full time.  

She says it doesn't mean there are 450 classrooms without teachers, and she expects a higher vacancy rate at this time of year.  

LISTEN ABOVE 

The Education Minister's unfazed by a rise in sector vacancies, saying these aren't the right figures to be looking at. &nbsp;
Around 450 teaching and principal roles remain vacant – 12% more than this time last year.&nbsp;
Minister Erica Stanford told Mike Hosking most of these aren't full time. &nbsp;
She says it doesn't mean there are 450 classrooms without teachers, and she expects a higher vacancy rate at this time of year. &nbsp;
LISTEN ABOVE&nbsp;

Erica Stanford: Education Minister on the rise in teaching vacancies

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/a4c393e9-f2a0-4a80-8bf1-b3d70138cab3/transcript

Questions over why our largest bank has hiked its floating home loan rate. 

ANZ's lifted its rate 10 basis points to 5.79%. 

It says the move, which brings ANZ in line with most other banks, reflects changing global and local conditions. 

But Squirrel Mortgage Brokers Chief Executive David Cunningham told Mike Hosking it's raising interest rates because it can. 

He says its floating rate is much higher than its one-year fixed rate. 

LISTEN ABOVE 

Questions over why our largest bank has hiked its floating home loan rate.&nbsp;
ANZ's lifted its rate 10 basis points to 5.79%.&nbsp;
It says the move, which brings ANZ in line with most other banks, reflects changing global and local conditions.&nbsp;
But Squirrel Mortgage Brokers Chief Executive David Cunningham told Mike Hosking it's raising interest rates because it can.&nbsp;
He says its floating rate is much higher than its one-year fixed rate.&nbsp;
LISTEN ABOVE&nbsp;

David Cunningham: Squirrel Mortgage Brokers CEO on ANZ raising its floating home loan rate

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/e4447c42-a80d-4288-a2fd-b3d70135e79d/transcript

Helen O'Sullivan: CEO of Real Estate at Velocity says housing price drops are not indicative of the market

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