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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Property

Developer Kurt Gibbons buys Ryman’s Newtown site

The land was formerly the site of Wellington's Tip Top bread factory.

Gregor Thompson 10:30am

The Quiz Free

QuiznessDesk: Thursday, Oct 31

One Night in Bangkok was a hit song from what musical?By inserting an extra letter, what word meaning a small group of trees can be changed to one meaning a dead body?State Highway 2 between Gisborne and Opotiki passes through what gorge?What was the nickname of a 1940s Hollywood...

The Quizmaster 9:15am