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1 Dec 2020 17:57
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  •   Home > News > Business

    ASB says highly leveraged investors rushing in to buy houses are contributing to an unexpected housing boom

    ASB says highly leveraged investors rushing in to buy houses are contributing to an unexpected housing boom


    In April the bank forecast a six percent drop in national house prices this year.

    But it's now expecting house prices to rise 12 per cent by June next year.

    Senior economist Mike Jones says the number of investors is growing.

    He says it has nearly doubled in the past year.

    © 2020 Newstalk ZB, NZCity


     Other Business News
     01 Dec: Saving money is one of the main focuses in Auckland's Mayor Phil Goff's 10-year Recovery Budget proposal
     01 Dec: Business and trucking groups are welcoming a proposal to charge commuters to come into central Auckland
     01 Dec: Continued strength in Auckland's property values
     30 Nov: Qantas is pushing ahead with plans to out-source two-thousand ground crew jobs
     30 Nov: Next year's World of Music, Arts and Dance festival might be going local
     30 Nov: A refund request to the Government -- from a scenic flight operator
     30 Nov: Housing is increasingly being seen as a 'one-way bet'
     Top Stories

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    The need for a new pair of boots was the only giveaway Josh Hohneck got that he would make the Maori All Blacks More...


    BUSINESS BUSINESS
    Saving money is one of the main focuses in Auckland's Mayor Phil Goff's 10-year Recovery Budget proposal More...



     Today's News

    Motoring:
    Two lanes of Auckland's Northern Motorway between Greville Road and Upper Harbour Highway are closed - and the entire motorway section will be closed overnight 17:37

    Entertainment:
    Rita Ora was surprised by Mariah Carey and Naomi Campbell on her birthday 17:29

    Rugby:
    The need for a new pair of boots was the only giveaway Josh Hohneck got that he would make the Maori All Blacks 17:27

    Entertainment:
    John Boyega "struggled" thinking whether he should speak out 16:59

    Law and Order:
    An Auckland man's been found guilty of raping his ex-girlfriend 16 years ago 16:57

    Law and Order:
    Reassurances Northland communities are safe despite another shooting 16:47

    Business:
    Saving money is one of the main focuses in Auckland's Mayor Phil Goff's 10-year Recovery Budget proposal 16:47

    Entertainment:
    Tristan Thompson is now a citizen of the United States 16:29

    International:
    Joe Biden names Janet Yellen as pick to head Treasury Department which will make her the first woman in the role 16:27

    Entertainment:
    Kelis has been "preparing" to have a daughter her whole life 15:59


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