New Zealand House Prices to Rise Earlier Than Expected, ANZ Says
This article is for subscribers only.
New Zealand’s house prices will start rising in the second half of 2023, several quarters earlier than expected, in response to looser monetary conditions and surging immigration, according to ANZ Bank New Zealand.
Prices will likely gain 1.6% in both the third and fourth quarters, the lender said in a research note Tuesday in Wellington. The nation’s housing market has declined about 16% over the past year and a half.