Hawke's Bay Property Investors' Association

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hawkesbay@nzpif.org.nz

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Recent updates

26-11-2020

ANZ sees some cooling in the housing market in time - November Property Focus

Housing demand has remained strong, spurred by low mortgage rates and a speculative dynamic. Added to that, a lagged response in new listings has meant that buyers are chasing relatively few properties – a perfect storm for house price rises. We are wary about the sustainability of the upturn, though. Low mortgage rates will provide ongoing support, but the market appears out of step with fundamentals. The RBNZ is planning to re-impose LVR restrictions, and banks have already signalled a tightening in credit conditions for investors. The outlook is uncertain, but on balance, we see some cooling in the market in time.  Read the rest of the November Property Focus here

 

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