ANZ thinks house prices will fall further than expected this year
ANZ thinks house prices will fall further than expected this year
21 January 2022
The bank's latest housing report predicts a seven percent decline in prices in 2022.
That's more than double its previous outlook -- of a three percent drop.
The report says inflation pressures, higher mortgage rates, and housing policy changes will be the main drivers.
It also says supply is building a headwind, because of the closed border and "gangbusters" construction activity.
It estimates the housing shortage.. is being reduced by about six-thousand new builds every three months.
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