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29 May 2022 16:58
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  •   Home > News > Business

    ANZ thinks house prices will fall further than expected this year

    ANZ thinks house prices will fall further than expected this year


    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.

    © 2022 Newstalk ZB, NZCity

     Other Business News
     29 May: Pain at the pump is only set to get worse - as the cost of importing fuel hits a record high
     29 May: The Blues are all business as they head into the Super Rugby Pacific playoffs as top seed, and unbeaten in their last 13 games
     27 May: Chemicals maker DGL has announced it will delist from the NZX next month ... and retain a sole listing on the Australian Stock Exchange
     27 May: Dairy owners say six million dollars to stop ram raids is too little too late
     27 May: Disagreement between National and the construction industry, over the pressures facing the industry
     27 May: A Wellington City Councillor says it's impossible to say no to the 37-million dollars more needed to strengthen the town hall
     26 May: Hopes new measures will prevent ramraids
     Top Stories

    RUGBY RUGBY
    The Blues are all business as they head into the Super Rugby Pacific playoffs as top seed, and unbeaten in their last 13 games More...


    BUSINESS BUSINESS
    Pain at the pump is only set to get worse - as the cost of importing fuel hits a record high More...



     Today's News

    Accident and Emergency:
    There's been a collision between a motorbike and a car at Omokoroa, in Bay of Plenty 16:50

    Netball:
    The Stars are surging towards a home playoff fixture in netball's ANZ Premiership 16:20

    International:
    Volunteers race to evacuate elderly, ill and Ukrainians with disability from the country's east as Russian forces advance 16:00

    International:
    In Finland, memories of a bitter war with Moscow never faded. Some fear history will repeat itself 15:30

    Health & Safety:
    COVID-19 deaths are rising again across the Tasman 15:30

    Accident and Emergency:
    There's been a serious crash on State Highway 30 in Whakatane 14:50

    Cricket:
    The Black Caps have been placed under enormous pressure by the First Class Counties Select XI in England heading into the final day of their warm-up match 14:00

    Health & Safety:
    There are 48-thousand-310 active community cases of Covid-19 in the country 13:50

    Basketball:
    NBL champion and Tall Blacks power forward Tom Vodanovich is returning to the Breakers after playing for the Sydney Kings the last two years 13:30

    International:
    Baby formula shortage stings US as Australian company ships millions of cans to States 13:10


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