Liz Kendall, senior economist at ANZ, notes that the New Zealand’s REINZ house sales fell 7% in February (sa, ANZ estimate), after an eager start to the year (up 13% in January). Key Quotes “The data remain whippy, but the January lift was likely boosted by the RBNZ’s relaxation of LVR restrictions, which we expected would only provide a temporary boost.” “House prices were up 0.7% m/m in February to be 1% higher over the past three months. Prices have been boosted by easing in LVR restrictions and falls in mortgage rates late last year, but we expect this lift will prove temporary. Annual house price inflation is stable at 3%.” “All regional housing markets outside Auckland and Canterbury remain tight. Hawke’s Bay, Manawatu-Whanganui, West Coast and Southland have seen particularly large increases over the past three months.” 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 Australia: Consumer sentiment falls on weak growth numbers – Westpac FX Street 4 years Liz Kendall, senior economist at ANZ, notes that the New Zealand's REINZ house sales fell 7% in February (sa, ANZ estimate), after an eager start to the year (up 13% in January). Key Quotes "The data remain whippy, but the January lift was likely boosted by the RBNZ's relaxation of LVR restrictions, which we expected would only provide a temporary boost." "House prices were up 0.7% m/m in February to be 1% higher over the past three months. Prices have been boosted by easing in LVR restrictions and falls in mortgage rates late last year, but we expect this lift… 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.
