The average house sale price in Auckland hit $580,000 this week and new housing statistics have identified increasing numbers of suburbs that are depressingly out of reach for first-time buyers....

Jan. 18 (BusinessWire) – New Zealand’s economic recovery will be stronger than most economists are forecasting, with growth likely to top 4% next year, Westpac Banking Corp said in its quarterly economic overview....

Top economists are warning potential home buyers to proceed with caution as another bank drops its variable mortgage rate to the lowest in 40 years....

The Reserve Bank has dropped official interest rates to a new low of 2.5 percent and is promising low rates at least till the end of next year....