ANZ predicts slower house price growth in 2024

(Image: Getty)

Tue, 19 Dec 2023

ANZ Bank New Zealand has pared back its forecast for house price growth in 2024 due to the ongoing sogginess in the market, although it’s slightly rosier in the following year if long-term projections play out. The bank’s economics team is forecasting house prices to rise 4% next year, slower than the 5.3% pace of growth the economists were picking in their previous monthly update, saying weak sales, a lot of listings and a cooling economy will keep a lid on property prices. “However, tailwinds are expected to arrive...

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