NZ's housing-related imbalances set to peak in 2018, S&P Global says

Tue, 20 Feb 2018

By Rebecca Howard Feb. 20 (BusinessDesk) - Housing-related imbalances in New Zealand look set to peak and even begin to unwind in 2018 as headwinds abate and new government policies take shape, according to S&P Global Ratings. "The risks that the banking sector in New Zealand faces from five years of strong growth in both house price inflation, and more recently, household credit growth, have likely peaked, in our view, and we believe the basis for a partial unwinding is building," said Andrew Mayes, a credit analyst at S&P Global Rating...

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