Buyers are now being asked to pay on average $600,850 nationally for a new home.
The pace of house price inflation has slowed to its most sluggish pace since April 2015, suggesting it may under-shoot the Reserve Bank’s forecast.
A rise in interest rates in the US, expected in December, is probably going to reduce the attractiveness on New Zealand’s high-yielding equities.
Just about wherever you look in the latest raft of figures relating to the housing market, there's little relief from the pressures driving rampant house price inflation.
Further cuts in the Reserve Bank’s official cash rate probably won’t have any impact on the housing market.