House price fall no longer on the cards, say Westpac
House price fall no longer on the cards, say Westpac economists . Melanie Carroll 13:01, Sep 14 2020. … New Zealand house prices are now expected to escape a dip, say Westpac economists.


Westpac says predictions of house prices falling “have …
Westpac has done an about face on house prices and now expects them to keep rising this year and next year. In a Home Truths newsletter Westpac chief economist Dominick Stephens said when COVID-19 broke out, Westpac’s economists predicted a 7% decline in house prices between March and December, while other major banks, Treasury and the Reserve Bank picked even greater declines.


Westpac economists say their forecast for 7% house price
House prices have continued to push higher, with annual house price inflation rising to 6.6% in the year to December,” the Westpac economists say. “Gains in prices have been widespread, with prices in Auckland up 4% and other regions up an average of 8.9%.


The Disturbing Truth About House Price Inflation …
The concept of House Price Inflation may be foreign to many people but it is very important for you to understand its meaning. House Price Inflation is the term referring to the increase in house prices. This occurs when: Supply decreases – fewer people selling their properties; Demand does not decrease but remains steady


Market outlook: what economists have to say – Landlords.co.nz
For Westpac chief economist Dominick Stephens, the reality is that New Zealand is staring down the barrel of a severe recession and house prices always fall during recessions After the Covid-19 crisis broke, they forecast that house prices would fall 7% over the final nine months of this year and, while it’s early days yet, there’s been …


Why house prices must fall – and why the news isn’t all …
Experts and investors take a deep dive into what to expect from post-Covid house prices. … Why house prices must fall – and why the news isn’t all bad . 28 May, 2020 5:00am .


Westpac economists say the damage to our economy will not …
The Westpac economists have calculated a “plausible scenario” in which seasonally adjusted visitor arrivals to New Zealand drop by 11% over the coming three months. “That, on its own, would reduce New Zealand quarterly GDP by around 0.4 percentage points,” the economists say.


Westpac economists say an Official Cash Rate reduction …
Westpac economists are cautioning that if the Reserve Bank does cut the Official Cash rate there is a chance this could refire the housing market. The economists say in their NZ Weekly Commentary that they are expecting now that the RBNZ will cut the OCR (from the existing 1.75%) when the rate is next reviewed on May 8.


Westpac economists now picking actual falls in New Zealand …
House prices nationally will start falling in about two years, Westpac economists believe. And they say the period of “modestly” falling prices might last until about 2018. The economists have put out a paper “Eye on the horizon” , which gives their economic forecast for New Zealand for the next 10 years.


Adjusting to a world of soft house prices
There is no reason to think house prices will recover any time soon. The Westpac survey of consumer sentiment found that only 10 per cent of people think real estate is the wisest place for …