Liz Kendall, Senior Economist at ANZ, estimates that seasonally adjusted New Zealand’s nationwide house sales fell 9.4% m/m in September, with a 6% fall in Auckland and a 10% fall in the rest of the country, with falls across all regions. Key Quotes “Sales can be volatile on a monthly basis, but this comes on the back of softening in recent months. Nationwide house sales are down 16% since February.” “According to earlier realestate.co.nz data, listings have also increased and were up 13% m/m in September. It’s possible that investors are moving out of the market in light of policy changes.” “The REINZ house price index increased 0.5% m/m in September to round out Q3 with a 0.7% q/q gain (3-month average). Annual house price inflation was steady at 4.3% y/y (3mma).” “House prices increased 0.5% m/m in Auckland, following recent declines, with annual house price inflation running at 0.8% y/y (3mma).” “The housing market is being buffeted by a number of forces and we may see more volatility than usual in coming months. In particular, the imposition of the foreign buyer ban has the potential to create some bumps.” 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 Malaysia: Manufacturing points to slower GDP growth – ING FX Street 4 years Liz Kendall, Senior Economist at ANZ, estimates that seasonally adjusted New Zealand's nationwide house sales fell 9.4% m/m in September, with a 6% fall in Auckland and a 10% fall in the rest of the country, with falls across all regions. Key Quotes "Sales can be volatile on a monthly basis, but this comes on the back of softening in recent months. Nationwide house sales are down 16% since February." "According to earlier realestate.co.nz data, listings have also increased and were up 13% m/m in September. It's possible that investors are moving out of the market in light of policy… 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.
