Housing slowdown, election weigh on retirement stocks

Tue, 19 Sep 2017

By Rebecca Howard Sept. 18 (BusinessDesk) - New Zealand's listed retirement village operators face heightened pressure as cooling house prices and fears a more activist government may win this week's election threaten to end the companies' riding on the coat-tails of a pumped up property market. The Reserve Bank first started noting the risk posed to the wider financial system by rapidly escalating house prices in November 2012, and since the September quarter of that year the CoreLogic house price index has climbed 50.3 percent. That ris...

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