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Reserve Bank predicting house price fall of 14% as market turns rapidly

Reserve Bank predicting house price fall of 14% as market turns rapidly

In its Monetary Policy Statement outlining a 50 basis points Office Cash Rate increase to 2%, the RBNZ says it expects a total fall of 14% in house prices by early 2024.

Thu, May 26th 2022 10:13AM

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Rents rise and rise

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Beating the long-term average

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The next property frontier

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CBD retail and recovery chances

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Interest rates biting investors as market correction kicks in

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Massive housing shortage turning but rental crisis looming

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New mortgage lending still slim

New mortgage lending still slim

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Falling house prices slowly entrenching

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Auckland sales and prices plummet

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Two cities drop out of the $1 million market

Two cities drop out of the $1 million market

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Investors federation has plans to fix rental crisis

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Landlord tax could breach tax principles

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House prices could tumble at the same time across the country

House prices could tumble at the same time across the country

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Investors still sitting on the fence

Investors still sitting on the fence

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Skyrocketing rents matching record inflation

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Construction costs soar

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Retailers opening stores that don’t sell anything

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Property prices and listings showing resilience

Property prices and listings showing resilience

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Sally Lindsay

Stories written by multiple reporters.

Followers will be emailed articles by Sally Lindsay