ANZ now expects house prices to fall 18%

Fri, 28 Apr 2023

ANZ’s economists now expects house prices to fall 18% from the November 2021 peak and bottom out in June.It previously signalled they would fall 22% but noted housing market data has been stronger than expected. "On the back of that, some falls in fixed mortgage rates and the proposed easing of high loan-to-value restrictions, we’ve revised up our forecast for house prices," ANZ said. The latest data from the Real Estate Institute of New Zealand showed house prices nationwide fell another 0.8% in March,...

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