The Housing Bubble in New Zealand

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Nick vilds: New zealand is a canary in the coal mine for similar economies. The reserve bank raised interest rates before anybody realized things were getting hot and started to worry about inflation. lending criteria were tightened, so that the brakes very much on the housing market. House ownership is at its lowest level since the nine ind fifties. If house prices continue to fall, perhaps we may see ripple effects down the track.

China is the leader in initial public offering fundraising this year, Jeff Bezos’s superyacht ignites a debate about who cities are for, and New Zealand’s housing market could hold some clues for what to expect in countries starting to raise their interest rates.

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China IPO fundraising doubles US total to top global ranks

Jeff Bezos vs the bridge: Rotterdam’s dilemma over billionaire’s superyacht

New Zealand’s housing price boom cools as rate rises bite

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.

Read a transcript of this episode on FT.com

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