BUDGET 2021: House prices forecast to stall

BUDGET 2021: House prices forecast to stall
Treasury is forecasting an end to rampant house price inflation.
Andy Fyers
Treasury expects rampant house price inflation to stop in its tracks due to the government ending mortgage interest deductibility for landlords.Forecasts released in the budget show property price inflation peaking at 17.3% in the year to June 2021, before a dramatic slowdown in house price growth to 0.9% in the next 12 months.From there it is expected to pick to a more leisurely 2% to 2.5% annual growth through to 2025.The Treasury said the change would alter the composition of buyers in the housing market.“Interest deductibility ... is...

More Economy

Why this Australian investor likes NZ-listed companies
Economy

Why this Australian investor likes NZ-listed companies

Fund manager believes in NZ's economic recovery, and is putting money behind it.

Manawa deal sparks talk about Infratil's plans
Economy

Manawa deal sparks talk about Infratil's plans

Analysts expect a sale of its WLG Airport stake. Former executives aren't convinced.

Westpac adds another rate cut to its forecasts
Economy

Westpac adds another rate cut to its forecasts

Westpac Bank now expects the official cash rate (OCR) to trough at 3% and has pushed back the timing of its forecast tightening cycle.“Downside risks from global growth suggest the RBNZ [Reserve Bank of New Zealand] may continue easing beyond May,” chief economist Kelly Eckhold s...

Rebecca Howard 09 May 2025
Rams Logistics owed $3.2m to IRD
Economy

Rams Logistics owed $3.2m to IRD

About 50 employees are owed approximately $760,000, the liquidators said.

Gregor Thompson 08 May 2025