Housing prices pose risk to New Zealand’s financial stability, RBNZ governor says

Post author By New Zealand Blog News Service
Post date November 1, 2021

The Reserve Bank is reaffirming that house prices are expected to ease, fuelled by record building activity – and governor Adrian Orr says prices are unsustainable and pose risks to the country’s financial stability.

Tory Whanau may have to sell Wellington mayoralty to make ends meet September 20, 2024
Tory Whanau has revealed that she’s struggling so much financially that she may have to part with her beloved mayoralty, that of New Zealand’s capital city, if she’s to fund her ever-diminishing lifestyle. Whanau was elected to lead Wellington in 2022, winning an overwhelming victory against the incumbent mayor: the evil version of Jason Gunn. […]
Ben Uffindell
Ukrainian militia receives defective shipment of pagers that just send and receive messages September 18, 2024
There’s been a major setback for one Ukrainian-backed militia on the Russian border, after the group ordered a large shipment of pagers to use as improvised explosive devices. The plan was to litter the pagers throughout abandoned homes and buildings in hopes of wounding Russian soldiers. But upon arrival of the shipment, routed through the […]
Ben Uffindell
Government directs Te Puni Kōkiri to conduct Māori Language Week in English September 17, 2024
The coalition government has issued a directive to Te Puni Kōkiri, the Ministry of Māori Development, instructing them that – in the interests of clear communication – they are to conduct this year’s Māori Language Week primarily or exclusively in English. The directive is in line with the Government’s policy – signaled when they came […]
Ben Uffindell
Government celebrates fact that New Zealand’s healthcare is so good people are queuing up for it at 5am September 17, 2024
At yesterday’s post-cabinet press conference, Prime Minister Christopher Luxon, flanked by his Health Minister Shane Reti and someone we can’t independently verify was a real sign language interpreter, announced that he had some positive news for the country. “Alright team, I’m just going to hand over to uh, Dr. Shane, because I think he’s got […]
Ben Uffindell
Heartwarming: Thoughtful driver uses indicator to tell you what they’ve just done September 17, 2024
It’s 4:10pm in the morning, and you’re in the middle lane heading north on the great southern motorway of our nation’s capital, Auckland. There are no cars directly in front of you, but quite a few in the lane to your left. Suddenly, without warning, a black ute enters your lane, cutting in front of […]
Ben Uffindell
NPC teams will now be allowed to actually use the Ranfurly Shield in play September 17, 2024
Following decades of controversy, the governing body of New Zealand rugby, New Zealand Rugby, has ruled that the team currently holding the Ranfurly Shield may once again use it in play during the National Provincial Championship (NPC). The ruling restores the utility of a prize that for many years was rendered merely symbolic, after the […]
Ben Uffindell
Police say they won’t respond to bomb threats anymore as ‘it’s never anything’ September 16, 2024
Police Commissioner Andrew Coster says that New Zealand’s police force will no longer respond to bomb threats, in an attempt to cut costs and redirect police resources to less boring activities. Coster said that threat response and bomb disposal was a “fairly obvious” area for downsizing, as bomb threats are “never anything”, a “huge waste […]
Ben Uffindell
Air New Zealand flight attendant named CEO after one year on job November 30, 2021
New Zealand’s national carrier, Air New Zealand, has expressed great enthusiasm in announcing its new CEO today: 51-year-old Nathan Guy, a flight attendant who has spent about 1200 hours on the job. Guy joined the company as a fresh-faced, wide-eyed flight attendant serving now-reduced domestic routes in November of 2020, and has since spent a […]
Ben Uffindell
National Party board denies it unanimously agreed to Collins’ Faustian bargain with Satan November 26, 2021
National Party president Peter Goodfellow is today issuing a strong denial on behalf of the party’s board, saying they did not, at any point, agree to the Faustian bargain that National leader Judith Collins struck with the Evil One, Son of Perdition, the Devil Satan himself. When Collins became the leader of the National Party […]
Ben Uffindell
Super Saturday recap: Patrick Gower doesn’t know what he’s supposed to do October 16, 2021
It was Aotearoa’s first national day of action in over ten years, the first since 2010, when Prime Minister John Key tried to inspire us to clean up our nation’s berms. It didn’t work. Today, New Zealand’s berms are worse than ever. But history is not destiny, and other cliches. Today, we tried again, this […]
Ben Uffindell

Man jailed for 11 years over role in Christchurch murder May 1, 2025
Cyle Jetson appears for sentencing in the High Court at Christchurch. Photo: Al Williams By Al Williams, Open Justice reporter As pensioner Pier Raviola lay critically injured after being dumped in a car park, the people who attacked him callously plundered his home.
Rain eases in flood-hit Canterbury May 1, 2025
PHOTO: SELWYN DISTRICT COUNCIL Selwyn remains under a state of emergency, as the district council monitors river levels and other issues following yesterday's heavy rain.
Flood-hit Canterbury: Rain eases, state of emergencies remain May 1, 2025
PHOTO: SELWYN DISTRICT COUNCIL Selwyn District in Canterbury remains under a state of emergency, as the district council monitors river levels and other issues following yesterday's heavy rain.
ODT quiz: May 2 May 1, 2025
Keen to win against the odds May 1, 2025
Lee Wilson. PHOTO: SUPPLIED Five questions for Alexandra coach Lee Wilson.
Calls for independent agency to drive growth May 1, 2025
Business South is calling for the creation of an independent economic development agency with strong business and iwi representation to drive co-ordinated, outcome-focused growth for Dunedin.
Sally Rae
Defence still the mantra May 1, 2025
Otago Nuggets. Photo: Blake Armstrong The Otago Nuggets remain focused on improving their defensive effort.
Iceland expecting NZ’s best May 1, 2025
Iceland players cheer their team-mates on during a game at the Dunedin Ice Stadium this week. PHOTO: LINDA ROBERTSON Helgi Thorisson expects nothing but the best when his country comes up against the home side tomorrow night.
Kayla Hodge
Tall Blacks tap teens for inaugural Throwdown series May 1, 2025
Tall Blacks coach Judd Flavell has named a young team for the inaugural transtasman Throwdown series next week.
Slow-starting Sharks circling May 1, 2025
Dunedin winger Oscar Schmidt-Uili attempts to catch the ball despite the efforts of University's Mac Harris during a division 1 game at Logan Park. PHOTOS: STEPHEN JAQUIERY Dunedin know a thing or two about sandbags.

Search New Zealand News

Related

Search New Zealand News