NZ households rein in house-price expectations in latest RBNZ survey

Fri, 17 Nov 2017

By Paul McBeth Nov. 17 (BusinessDesk) - New Zealand households have dialled back their expectations on whether property prices will rise, although they still anticipate higher consumer prices, according to the Reserve Bank's latest survey. A net 7.3 percent of the 750 households surveyed by UMR Research expect house prices to rise, down from 40 percent in the September quarter survey, and 60 percent a year earlier. House prices are seen edging up 0.1 percent in the next year, less than the 2.8 percent annual pace seen in the previous sur...

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