Source: Save the Children
Healthcare – Government must save Tōtara Hospice: NZNO
Source: New Zealand Nurses Organisation
Economy – OCR: 3.25% – OCR unchanged – Reserve Bank of NZ
9 July 2025 – The Monetary Policy Committee today agreed to hold the Official Cash Rate at 3.25 percent.
Annual consumers price inflation will likely increase towards the top of the Monetary Policy Committee's 1 to 3 percent target band over mid-2025. However, with spare productive capacity in the economy and declining domestic inflation pressures, headline inflation is expected to remain in the band and return to around 2 percent by early 2026.
Elevated export prices and lower interest rates are supporting a recovery in the New Zealand economy. However, heightened global policy uncertainty and tariffs are expected to reduce global economic growth. This will likely slow the pace of New Zealand's economic recovery, reducing inflation pressures.
The economic outlook remains highly uncertain. Further data on the speed of New Zealand's economic recovery, the persistence of inflation, and the impacts of tariffs will influence the future path of the Official Cash Rate.
If medium-term inflation pressures continue to ease as projected, the Committee expects to lower the Official Cash Rate further.
Read the full statement and Record of meeting:
https://govt.us20.list-manage.com/track/click?u=bd316aa7ee4f5679c56377819&id=0fcc1c096a&e=f3c68946f8
Health – Easier access to life-saving asthma inhalers now a reality
Source: Asthma and Respiratory Foundation
Federated Farmers: Flood-hit farmers need our help
Source: Federated Farmers
Finance – Comments from Leigh Hodgetts, country manager, Finance and Mortgage Advisers Association of New Zealand (FAMNZ)
Re: RBNZ interest rate decision – “Based on public commentary it does appear that the RBNZ will leave the OCR at 3.25 per cent, however we believe that a rate drop of .25 per cent now, and a similar decrease in August will benefit consumers. Ideally we’d like to see a cash rate of 3 per cent sooner rather than later.
An interest rate reduction will bring immediate cost of living relief to Kiwis during these globally uncertain times of tariffs, global inflation and trade tensions, added to rising food costs and reports of increases in future inflation data and unemployment figures.
Finance and mortgage advisers are reporting that affordability still remains a significant challenge for homebuyers, particularly those trying to enter the market for the first time, while investors are not widely back in the market as yet. So every small rate drop helps.
Currently the mortgage market is in a transitional phase, with rates easing and house values rebounding slowly. Advisers are receiving many questions around the loan structure, particularly fixed v variable or a split home loan.
Our advice to consumers looking to purchase or refinance – irrespective of today’s OCR decision – is to consult a mortgage adviser first to discuss your individual circumstances. While the rate is very important, it is not the only factor to consider. You must look at what is best for your individual circumstances, and this is what your mortgage adviser can do. Banks are unable to do this as they are in the business of selling their products.
Mortgage advisers also have access to specialist and non-bank lenders who can provide flexibility to those who need it, particularly those with unique borrowing circumstances or who are self-employed.”
Utilities Disputes | Tautohetohe Whaipainga sorted over 8000 energy consumer complaints in the past year
Source: Utilities Disputes
Key facts
– 21,020 kiwis contacted Utilities Disputes to access our services
– 36% increase in complaints and queries
– 8356 complaints (6997 in 2023-2024)
– 2961 complaint summaries produced and sent to providers on behalf of consumers a 20% increase from previous year
– Most common complaint billing at 48%.
– typically had household incomes between $60,000 to $80,000
– 50% in full time employment.
– up to $4.2 M in savings compared to alternative dispute resolution
– up to $2.9M in savings by avoiding additional negotiation.
Property Market – Good news for renters as national rental price falls for another month
- The capital records greatest rental price drop
- Rental prices in southern regions surge
- Year-on-year increase in new listings gives renters more choice of healthy homes.
The latest data from realestate.co.nz shows average rental prices are on the decline in the majority of regions across New Zealand. The national average rental price was $636 in June this year, down 2.7% from $653 in June 2024.
Renters in the capital had the greatest respite: Wellington’s average rental price dropped by a hefty 10.9% to $625 per week compared to $701 per week at the same time last year. Those renting property in Hawke’s Bay also experienced a greater than average drop in rental prices, down 6.6% from $677 in June 2024 to $632 this year.
Vanessa Williams, spokesperson for realestate.co.nz, says declining rental prices in a tough economic climate is welcome news for renters. “We know that any reduced cost, no matter how big or small, does make a difference for many household budgets.
Southern surge: average weekly rental prices increase in three key regions
There’s no such respite for renters in the south. West Coast’s average weekly rental price of $433 is 9.1% higher than the same time last year ($396). The average weekly rental price in Otago has also increased, from $571 in June 2024 to $616 in June 2025, a year-on-year increase of 8.0%.
Southland’s average weekly rent of $489 in June was the region’s highest on record, 6.1% more than June 2024 ($461). It’s a continuing trend for the Southland property market, which also set an all-time asking price high for the second month in a row in the June 2025 New Zealand Property Market (ref. https://news.realestate.co.nz/blog/new-zealand-property-market-2025-june )
Williams says Southland’s performance has been an intriguing one to follow. “The region is certainly bucking the trend, for both home buyers and renters. It will be interesting to see what Southland’s property market does over the coming months as we move into spring.”
Lift in listings: tenants continue to be able to take their pick
The positive news continues for renters, with 15.3% more new listings coming onto the market than a year ago. Gisborne, Hawke’s Bay, and Wellington are the top three regions with the greatest year-on-year increase in new listings, reporting 96.0%, 84.9% and 82.2% respectively.
Wellington’s 82.2% increase saw the number of new listings rise from 276 in June 2024 to 503 in June 2025; Waikato also saw a significant increase, rising from 479 in June 2024 to 647 in June 2025.
“Greater choice in the market is also keeping prices honest,” says Williams. “And, with the Healthy Homes deadline having now passed, renters should be assured that a new listing should also be Healthy-Homes compliant.”
About realestate.co.nz
We’ve been helping people buy, sell, or rent property since 1996. Established before Google, realestate.co.nz is New Zealand’s longest-standing property website and the official website of the real estate industry.
Dedicated only to property, our mission is to empower people with a property search tool they can use to find the life they want to live. With residential, lifestyle, rural and commercial property listings, realestate.co.nz is the place to start for those looking to buy or sell property.
Glossary of terms:
The average weekly rental rate is an indication of current market sentiment. It is calculated by taking the asking rental rate of every residential property listed during that month and dividing it by the total number of rental properties. The average is a truncated mean.
New listings are a record of all the new residential dwellings listed for rent on realestate.co.nz for the relevant calendar month. Listings on the site include rental properties listed by Property Managers and private landlords and provide a representative view of the New Zealand rental property market.
Stock is the total number of residential dwellings that are for rent on realestate.co.nz on the penultimate day of the month.
Property Market – NZ residential construction costs edge higher, but pressures remain contained – Cotality
New Zealand’s residential construction costs rose 0.6% in the June 2025 quarter, according to Cotality’s latest Cordell Construction Cost Index (CCCI) – up from a 0.3% increase in Q1. Despite this uptick, cost growth remains below the long-term average of 1.0% per quarter.
Annual construction cost growth reached 2.7%, the fastest pace since Q3 2023. However, this modest acceleration largely reflects the removal of a sharp 1.1% drop in Q2 2024 from the annual comparison (i.e. a mathematical technicality), rather than a resurgence in price pressures.
