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20 May 2022 6:39
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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

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     18 May: The A2 Milk Company says it will vigorously defend itself against a class action
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     Today's News

    Politics:
    The National Maori Authority Chair is fighting off negative backlash from the Government's latest budget 4:30

    International:
    Ukrainian fighters in Mariupol's Azovstal steelworks have surrendered to Russian troops. Here's what happens next 23:20

    Business:
    The Finance Minister's leaving the door open for extending a new cost of living payment 21:50

    Golf:
    American golfer Jordan Spieth will try to become the sixth player in history to complete the career Grand Slam at this week's PGA Championship in Oklahoma 21:20

    Motoring:
    Australia's Caleb Ewan withdraws from Giro d'Italia ahead of stage 12 21:00

    International:
    The Loop: Labor's policy costings revealed, Pauline Hanson gets COVID, how to get involved in our live election Q+A 20:10

    Living & Travel:
    A huge opportunity for eight men's kayakers to test themselves on the international stage this weekend 19:00

    Law and Order:
    A Wellington man's been banned from fishing and sentenced to home detention for his part in gathering 319 paua to sell 18:30

    International:
    The latest COVID-19 case numbers from around the states and territories 18:00

    Rugby:
    Sevu Reece loves what the Fijian Drua could possibly do for rugby in the island nation ahead of playing them for the first time 17:50


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