Liz Kendall, Senior Economist at ANZ, notes that New Zealand’s House prices were flat in June as the REINZ House Price Index (HPI) was flat (sa) after falling 0.3 and 0.2% in each of the previous two months. Key Quotes “Annual house price inflation moderated to 3.7% (3mma). On the whole, the June quarter was on the softer side, with house prices flat in the quarter.” “Nationwide housing market activity pared back to 6,100 sales in the month (sa), after running at about 6,500 per month since November. Sales fell 7.5% m/m (to be down 1.7% y/y).” “Underpinning the nationwide figures, regional divergence is stark. In Auckland, house prices fell 0.3% m/m to be down 1.5% over the June quarter.” “The Auckland market is expected to remain subdued.” “Housing markets are tight outside of Auckland. While sales have fallen, so too have listings – and inventories and days to sell are low.” “The housing market has softened recently and this could persist, with affordability constraints, new Government policies, risks around credit availability, and a softer pulse in the economy more broadly providing headwinds.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next NZ: Headline CPI rose 0.4% in Q2 – ANZ FX Street 5 years Liz Kendall, Senior Economist at ANZ, notes that New Zealand's House prices were flat in June as the REINZ House Price Index (HPI) was flat (sa) after falling 0.3 and 0.2% in each of the previous two months. Key Quotes "Annual house price inflation moderated to 3.7% (3mma). On the whole, the June quarter was on the softer side, with house prices flat in the quarter." "Nationwide housing market activity pared back to 6,100 sales in the month (sa), after running at about 6,500 per month since November. Sales fell 7.5% m/m (to be down 1.7% y/y)." "Underpinning the nationwide… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
