Housing investment no longer a one-way bet: RBNZ

RBNZ chief economist Paul Conway said housing dynamics are changing. (Image: supplied)

Thu, 30 Jun 2022

Some of the fundamentals driving house prices are changing, which may stop investing in housing being a one-way bet, said the Reserve Bank’s new chief economist Paul Conway in his first public speech.Among the fundamentals that are changing, many New Zealanders are heading overseas now the borders have reopened, but immigration isn’t likely to return to pre-pandemic levels quickly, Conway told the national property conference in Auckland.Changes in urban planning rules are also freeing up more land for housing.Changes in tax rules,...

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