Mark Lister

The key release we saw here in New Zealand was the housing market report, the latest one from the REINZ.

This was for March.

The housing market's still pretty sluggish.

You've got mortgage rates that have just pushed a little bit higher.

You've got rising oil prices that have added to the nervousness.

So sales volumes improved over the previous month, but they still have slipped slightly on a seasonally adjusted basis, and they were pretty flat on an annual basis, and the market was pretty weak a year ago.

not a lot of movement there the days to sell 41 both nationally and in auckland the house price index was down slightly nationally most regions falling a little bit prices are basically unchanged over the past 12 months and still about 15 below that record high that we saw way back in late 2021

Looking ahead to this week here in New Zealand, there's a few things to watch.

We will get the results of another dairy auction.

This will be out early on Wednesday morning.

Prices fell 3.4% a fortnight ago.

That was the first decline that we'd seen since late 2025.

The headline index had increased six consecutive times leading up to that, so it was a pretty long winning streak.

Price is still not looking too bad after slumping last year they've rallied about 20 odd percent this year sitting at fairly healthy levels and we've seen Fonterra increase its milk price forecast payout a couple of times as well so it is sitting at $9.40 to $10 midpoint of $9.70.

That's on Wednesday morning.

A day earlier than that, we will have a couple of interesting things to watch.

So Tuesday will be a busy day here in New Zealand.

We will get the quarterly survey of business opinion, the QSBO.

That's out at 10 o'clock on Tuesday morning.

This is released by the NZIER, and it's a very well-regarded survey, been around for a long time, and we know the Reserve Bank pays attention to it, so we should as well.