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5 Dec 2020 13:14
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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
     05 Dec: Fonterra farmers are grateful for an extra 20 thousand dollars coming their way when milk markets are so precarious
     04 Dec: New Zealand's biggest homeware store Nido has collapsed into receivership
     04 Dec: Fonterra farmers will share an extra 300 million dollars from a lifted milk price...thanks to strong demand from China
     04 Dec: Buying local could spread Christmas cheer a little further in the capital this year
     04 Dec: Fonterra is waiting on regulators to clear the sale of its Chinese farms
     04 Dec: A Christchurch shopper is urging people to check their bank statements after being overcharged five-fold
     04 Dec: A recovering China is lifting hopes that Fonterra will continue to piggy-back on growing milk demand
     Top Stories

    RUGBY RUGBY
    All Blacks legend Sir Michael Jones hopes tonight's rugby match between Moana Pasifika and the Maori All Blacks provides a snapshot into the future More...


    BUSINESS BUSINESS
    Fonterra farmers are grateful for an extra 20 thousand dollars coming their way when milk markets are so precarious More...



     Today's News

    Rugby:
    All Blacks legend Sir Michael Jones hopes tonight's rugby match between Moana Pasifika and the Maori All Blacks provides a snapshot into the future 13:07

    Health & Safety:
    Diabetes Foundation Aotearoa wants the government to compel Pharmac to fund drugs quicker 12:47

    Accident and Emergency:
    State Highway 35 has reopened, following a serious crash near Ruatoria this morning 11:57

    Law and Order:
    Romain Grosjean 's kids went through his mind as he put the handbrake on death 11:07

    Cricket:
    Fine weather's expected for the majority of the day in Hamilton as New Zealand begin their mission to eke out 20 West Indies wickets 10:47

    Politics:
    Emergency departments are bracing themselves for an influx of alcohol affected patients today 10:47

    Rugby:
    Super sub George Russell has completed a fairytale week by finishing fastest in both practice sessions for Formula One's Sakhir Grand Prix 10:27

    Entertainment:
    Nikki Bella and Artem Chigvintsev are planning an autumn 2021 wedding 10:26

    Entertainment:
    Meghan Trainor insists her baby is “healthy” amid her battle with gestational diabetes 9:56

    Entertainment:
    George Clooney was “raised” to be politically conscious 9:26


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