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29 Nov 2020 5:30
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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
     28 Nov: Ferrari team principal Mattia Binotto confirms the team will support a freeze on Formula One engine regulations starting in 2022, which will allow Red Bull to continue using Honda engines
     28 Nov: Hospitality businesses and workers are turning to the industry's new support programme in droves
     28 Nov: This year's Black Friday sales are breaking the record books
     27 Nov: Lines and lines and parcels galore ... Kiwi shoppers are embracing today's Black Friday sales.
     27 Nov: Bunnings has closed one of its Auckland stores over earthquake concerns
     27 Nov: A call for shoppers to be more sustainability conscious this Black Friday
     27 Nov: Black Friday shoppers may have to buy differently this year
     Top Stories

    RUGBY RUGBY
    All Blacks wing Caleb Clarke has jotted down some notes to make the most of his opportunities against Argentina tonight in their Tri Nations finale More...


    BUSINESS BUSINESS
    Ferrari team principal Mattia Binotto confirms the team will support a freeze on Formula One engine regulations starting in 2022, which will allow Red Bull to continue using Honda engines More...



     Today's News

    Politics:
    Another referendum on cannabis is being called for - but this time it's to decriminalise it, not legalise it 4:56

    Accident and Emergency:
    Police are responding to a serious single vehicle crash on SH 32 between Tihoi and Marotiri, west of Taupo 21:57

    Entertainment:
    Nadine Coyle had to be "gaffer taped" into her Girls Aloud outfits 21:44

    Living & Travel:
    Three Lotto tickets are each now worth $333,333, sharing Division One in tonight's draw 21:17

    Entertainment:
    A$AP Rocky has delivered meals to a homeless shelter where he once lived 21:14

    Entertainment:
    Ian 'H' Watkins has fallen in love again 20:44

    Entertainment:
    Emilia Clarke only took 10 minutes to come up with a 'Game of Thrones' speech in a fictional language 20:14

    Entertainment:
    Nikki Bella and Artem Chigvintsev are having couples therapy to "be amazing parents" 19:44

    Entertainment:
    Jeannie Mai says Jeezy has been a "rock" since she underwent emergency surgery 19:14

    Rugby:
    All Blacks wing Caleb Clarke has jotted down some notes to make the most of his opportunities against Argentina tonight in their Tri Nations finale 18:57


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