ANZ shares more positive predictions for the housing market in the coming months
Alex Vinnell • May 4, 2023
Economists from New Zealand's largest bank suggest a more optimistic future for house prices
The latest Property Focus report from ANZ is a bit more optimistic in regards to forecasting house prices in the New Zealand housing market according to Interest.co.nz. While previously expecting a steep slide in prices of 22% from their peak in late 2021, the report touts a revised forecast of an 18% drop.
Key indicators which have influenced this revision include falls in fixed mortgage rates and house sales data appearing stronger than expected. Despite this, the report reiterates that "house prices are notoriously uncertain" hence staying up to date when considering your options in the market should be a consistent endeavour.
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