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Market Outlook
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House price falls likely only half-way through, economist says

ASB senior economist Mike Jones on the week ahead.

ASB senior economist Mike Jones speaks with Calida Stuart-Menteath.

New Zealand house prices are down about 6.5% from the peak late last year and ASB economist Mike Jones says there is likely more to go. The bank’s economics team is forecasting about a 12% peak-to-trough fall in house prices.

“We’re roughly about halfway through that. In terms of the

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Fiona Rotherham Mon, 25 Jul 2022
Contact the Writer: fiona@nbr.co.nz
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House price falls likely only half-way through, economist says
Market Outlook,
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