ANZ economists get cooler on housing

ANZ economists are having a rethink. (Image: ANZ)

Tue, 28 Nov 2023

ANZ Bank economists see a slightly bigger fall in house prices than they had previously predicted but are holding off making stronger calls until they see whether that softness is down to pre-election jitters. The economics team of the nation’s biggest lender – led by chief economist Sharon Zollner – expected a slightly bigger monthly increase than the 0.4% in the Real Estate Institute of New Zealand’s October house price index, prompting the team to cut its 2023 house price forecast to a 0.4% decline on a three-mon...

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