ANZ picks early house price recovery as rate pressure eases

Housing tailwinds now appear to be blowing a little stronger than headwinds, say ANZ analysts. (Image: Getty)

Tue, 30 May 2023

ANZ Bank New Zealand has dialled back its expectations for house prices to keep heading south, predicting a relatively sharp turn in the near term. The economist team of the country’s biggest lender is now forecasting a 1.6% quarterly increase in each of the September and December quarters, having previously predicted a 0.4% decline in the September period followed by a 0.4% increase in December. That means ANZ’s economists forecast annual house prices increasing 0.1% in the December quarter, an earlier turnaround than Jun...

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