MARKET OPEN: Rising house prices to benefit Fletcher, retirement villages

Tue, 13 Oct 2020

Companies with exposure to the housing sector – like Fletcher Building and the retirement village operators – will get a lift from an ongoing rise in house prices in today’s data from the Real Estate Institute of New Zealand.Ryman Healthcare, Metlifecare, Summerset, Arvida Group and Oceania Healthcare all reap the benefits of rising house prices, particularly when they re-sell units.The Reinz data for September is due around 9am. In August, the Reinz house price index was up 10 percent on the year and every region in the count...

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