News

ASB expects migration price pressure

Monday 3rd of November 2014

ASB chief economist Nick Tuffley said the bank expected prices to inch up but for the rate of growth to slow steadily over the coming year.

In September, QV reported that prices had increased 6.4% year-on-year nationwide. ASB expects that to slow to just under 3% over 2015.

ASB's report said stronger than expected net migration inflows had supported strong housing demand.

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.