New Zealand residential property median price records largest fall since 1990s

**This is a 60-seconds sample of the video. For the full version, please contact us.**

New Zealand residential property median price records largest fall since 1990s

STORY: New Zealand residential property median price records largest fall since 1990s DATELINE: Nov. 15, 2022 LENGTH: 0:01:01 LOCATION: Wellington CATEGORY: ECONOMY SHOTLIST: 1. various of houses in New Zealand STORYLINE: New Zealand's national median price for residential property decreased 7.5 percent in October compared to the same period last year, which was the largest annual fall since the Real Estate Institute of New Zealand (REINZ) started to record house prices in the early 1990s. Rising interest rates have caused hesitancy among buyers across New Zealand, said Jen Baird, chief executive at the REINZ, while releasing the monthly property report on Tuesday. Sales activities remain down and properties are taking longer to sell than in October 2021, Baird said. Across New Zealand, median prices for residential property decreased 7.5 percent annually to 825,000 NZ dollars (503,609 U.S. dollars) in October 2022, she said, adding that this represents a 1.9 percent increase month-on-month.

  • Product Code
  • ILEA001057733
  • Registered date
  • 2022/11/15 00:00:00
  • Credit
  • Xinhua / Kyodo News Images
  • Media source
  • Xinhua News Agency.All Rights Reserved
  • Media size
  • 1920 × 1080 pixel
  • Deployment size
  • 62.27(MB)*
  • Special instruction

*File size when opened in Photoshop, etc.

Similar Images & Videos

    Australian inflation rate slows to 3.6 pct

    STORY: Australian inflation rate slows to 3.6 pct SHOOTING TIME: April 26, 2024 DATELINE: April 28, 2024 LENGTH: 0:02:07 LOCATION: Canberra CATEGORY: ECONOMY SHOTLIST: 1. various of a supermarket 2. various of street views in Australia STORYLINE: Australia's annual rate of inflation has fallen to 3.6 percent, according to official figures published by the Australian Bureau of Statistics (ABS) on Wednesday. The figure showed that the consumer price index (CPI) rose by 1.0 percent in the first three months of 2024 and 3.6 percent in the 12 months to the end of March. It marks a fall from a 4.1 percent rise in the CPI in the 12-month period to the end of December 2023. The ABS identified rising costs of education, health, housing, food and non-alcoholic beverages as the most significant drivers of inflation in the first quarter of 2024. Housing prices were 0.7 percent higher at the end of March than at the start of 2024 and 4.9 percent higher than 12 months earlier. Education costs rose 5.

      Bank of Japan keeps interest rate unchanged, yen sinks below 156

      STORY: Bank of Japan keeps interest rate unchanged, yen sinks below 156 SHOOTING TIME: file DATELINE: April 27, 2024 LENGTH: 00:01:37 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of Bank of Japan 2. various of city view in Tokyo 3. various of fresh food in supermarkets 4. various of city view in Tokyo STORYLINE: The Japanese central bank on Friday maintained its policy rate unchanged after wrapping up its two-day policy meeting, which sent the Japanese yen to its fresh 34-year low past the 156 line. The Bank of Japan (BOJ) decided to guide short-term interest rates in a range of zero and 0.1 percent, a month after it ended the negative interest rate policy in its first rate hike in 17 years. The announcement weakened the country's currency against the U.S. dollar to the lowest level since May 1990, raising the risk of forex intervention by Japanese authorities. The BOJ, which also maintained its policy regarding government bond buying, said the country's core inflation, which excludes volatile

        Global tourism revenue to total 5.8 tln USD in 2024: report

        STORY: Global tourism revenue to total 5.8 tln USD in 2024: report SHOOTING TIME: April 23, 2024 DATELINE: April 24, 2024 LENGTH: 00:02:30 LOCATION: Wellington CATEGORY: ECONOMY SHOTLIST: 1. various of the conference 2. various of cultural performances STORYLINE: Global tourism revenue is estimated to total 5.8 trillion U.S. dollars in 2024, marking an increase of 139.6 percent over the pre-pandemic level in 2019. The Report on World Tourism Economy Trends (2024) predicted that international tourist arrivals would amount to 13.579 billion in number this year, recovering to 103.9 percent of 2019. The report was released at an international tourism summit held in Wellington, New Zealand. At the same time, the report called for efforts by the global tourism industry to turn challenges into growth opportunities. Factors such as technological advancement and climate change should be proactively incorporated into the reshaping of the industry. The World Tourism Cities Federation Wellington Fragrant H

          Global military spending surges amid conflicts, rising tensions: think tank

          STORY: Global military spending surges amid conflicts, rising tensions: think tank SHOOTING TIME: April 22, 2024 DATELINE: April 23, 2024 LENGTH: 00:01:13 LOCATION: Stockholm CATEGORY: MILITARY SHOTLIST: 1. various of the Stockholm International Peace Research Institute STORYLINE: Global military spending saw its steepest year-on-year increase last year since 2009, amid conflicts, rising tensions and insecurity, a Stockholm-based think tank said on Monday. In its latest report, the Stockholm International Peace Research Institute (SIPRI) said that total global military expenditure reached 2,443 billion U.S. dollars in 2023, an increase of 6.8 percent in real terms from 2022. The United States is the largest global spender. Lorenzo Scarazzato, a researcher at SIPRI's Military Expenditure and Arms Production Program, said that such an unprecedented rise in military spending is a direct response to a global deterioration in peace and security. While countries are prioritizing military strength, they r

            Chinese economy in Q1 shows consolidated recovery momentum

            STORY: Chinese economy in Q1 shows consolidated recovery momentum SHOOTING TIME: Earlier footage DATELINE: April 16, 2024 LENGTH: 0:00:54 LOCATION: SHANGHAI, China CATEGORY: ECONOMY SHOTLIST: 1. various of China 2. SOUNDBITE 1 (English): JELENA GRUBOR STEFANOVIC, Serbian Chamber of Commerce and Industry in China 3. SOUNDBITE 2 (English): YANN BOZEC, President of Tapestry and President & CEO of Coach, APAC Region STORYLINE: China's gross domestic product (GDP) grew 5.3 percent year on year in the first quarter of 2024, data from the National Bureau of Statistics (NBS) showed Tuesday. The country's GDP reached 29.63 trillion yuan (about 4.17 trillion U.S. dollars) during this period, the NBS data showed. On a quarterly basis, the economy increased 1.6 percent in the first three months. Many business leaders have hailed the consolidated recovery momentum of China's economy in the first quarter of this year. SOUNDBITE 1 (English): JELENA GRUBOR STEFANOVIC, Serbian Chamber of Commerce and Industry in

              China-Germany economic cooperation sees steady, far-reaching progress

              STORY: China-Germany economic cooperation sees steady, far-reaching progress SHOOTING TIME: April 13/14, 2024 DATELINE: April 15, 2024 LENGTH: 00:02:18 LOCATION: Beijing CATEGORY: POLITICS/ECONOMY SHOTLIST: 1. various of China's development 2. various of German enterprises in China 3. SOUNDBITE 1 (Chinese): XU DAQUAN, Bosch China President 4. SOUNDBITE 2 (English): CHRISTIAN HAUER, Member of management board of Fresenius Kabi and president of Fresenius Kabi MedTech 5. various of German enterprises in China 6. various of China's development STORYLINE: This year marks the 10th anniversary of the China-Germany comprehensive strategic partnership and its bilateral economic cooperation has witnessed steady and far-reaching progress over the past decade. A report from the German Economic Institute shows that the total direct investment by German companies in China reached a record high of 11.9 billion euros (about 12.7 billion U.S. dollars) in 2023, a year-on-year increase of 4.3 percent. The value accounted f

                U.S. CPI accelerates to 3.5 pct in March amid continued inflation pressure

                STORY: U.S. CPI accelerates to 3.5 pct in March amid continued inflation pressure SHOOTING TIME: Recent footage DATELINE: April 11, 2024 LENGTH: 0:01:18 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of the U.S. Labor Department 2. various of a grocery store STORYLINE: U.S. consumer inflation in March sped up to 3.5 percent from a year ago, after ticking up to 3.2 percent in February, indicating continued inflation pressure, the U.S. Labor Department reported Wednesday. The Consumer Price Index (CPI) increased 0.4 percent in March on a seasonally adjusted basis, the same increase as in February. The index for shelter rose in March, as did the index for gasoline. Combined, these two indexes contributed over half of the monthly increase in the index for all items. The latest inflation report showed that the so-called core CPI, which excludes food and energy, increased 0.4 percent in March, as it did in January and February, after edging up 0.3 percent in December. Core CPI rose 3

                  Japan's real wages shrink for 23rd straight month

                  STORY: Japan's real wages shrink for 23rd straight month SHOOTING TIME: file DATELINE: April 9, 2024 LENGTH: 00:00:41 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of street views in Tokyo 2. various of supermarkets in Tokyo 3. various of street views in Tokyo STORYLINE: Japan's average monthly wages in inflation-adjusted terms logged the 23rd straight month of decline in February as price increases continued to outpace nominal earnings growth, official data showed on Monday. Inflation-adjusted real wages, a barometer of consumer purchasing power, fell 1.3 percent from the same month last year, according to the Ministry of Health, Labor and Welfare. Nominal monthly earnings, including base pay and overtime, rose 1.8 percent from a year ago to reach 282,265 yen (about 1,859.8 U.S. dollars). Regular pay including basic salary in February went up 2.0 percent year on year, while overtime pay, a gauge of business activity, went down 1.0 percent. Meanwhile, the consumer price index exclu

                    Myanmar earns over 1.48 bln USD from beans, pulses export in 2023-24 FY

                    STORY: Myanmar earns over 1.48 bln USD from beans, pulses export in 2023-24 FY SHOOTING TIME: April 8, 2024 DATELINE: April 9, 2024 LENGTH: 00:03:14 LOCATION: MANDALAY, Myanmar CATEGORY: ECONOMY SHOTLIST: 1. various of farmers working in Mandalay, Myanmar STORYLINE: Myanmar earned over 1.48 billion U.S. dollars from the export of over 1.7 million tons of beans and pulses in the fiscal year 2023-24, according to the Ministry of Commerce on Sunday. During the period from April 1 last year to March 31 this year, the country shipped over 1.6 million tons of beans and pulses via marine routes, while exporting over 157,409 tons via land borders, the ministry's figures showed. Myanmar mainly exports black grams, green grams, pigeon peas and many others. Among them, the black gram was the top earner, bringing in over 724 million U.S. dollars in the cited period. According to the ministry, beans and pulses are among Myanmar's most cultivated crops, second only to rice, and they contribute to over 30 percent of t

                      Italian luxury carmaker Lamborghini reports record sales in 2023

                      STORY: Italian luxury carmaker Lamborghini reports record sales in 2023 SHOOTING TIME: March 22, 2024 DATELINE: March 23, 2024 LENGTH: 00:00:53 LOCATION: Rome CATEGORY: MARKET SHOTLIST: 1. various of Lamborghini cars in Rome STORYLINE: Italian supercar manufacturer Lamborghini's annual deliveries surpassed 10,000 for the first time ever last year, sources with the company said. In a press statement released on Thursday, the company called 2023 its "best ever" year, with 10,112 vehicles delivered worldwide, a record profit margin of 27.2 percent, and 2.66 billion euros (2.91 billion U.S. dollars) in revenue, a 12-percent increase year-on-year. China is Lamborghini's third-largest market last year with 845 vehicles sold. Meanwhile, the company sold 3,000 cars to the United States and 961 to Germany, the statement said. Lamborghini, part of Germany's Volkswagen Group, has maintained long-term ties with China. Its Ursus SUV was first unveiled at the Beijing Auto Show in 2012. Last year, the company