ANZ analysts note that the New Zealand’s housing market has tentatively stabilised as nationally, house prices were flat m/m in July (up 1.7% y/y 3mma), but the theme of regional divergence continued. Key Quotes “Auckland prices are down 3.3% y/y, while pockets of strength remain in the regions of Manawatu-Whanganui and Southland. Falls in mortgage rates over the past year have not provided a noticeable boost to house prices so far, but the recent pick-up in sales supports our expectation of stabilisation in prices from here.” “Overall, the outlook for house price inflation is delicately balanced. Lower mortgage rates (reflecting a lower OCR), gradual loosening of the LVR restrictions, and an ongoing supply-demand imbalance are expected to provide ongoing support. However, headwinds in the form of a cautious banking sector, wary investors (particularly given policy changes), a deteriorating labour market outlook and affordability constraints limit the upside.” 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 China: Industrial profits turned positive supported by infrastructure – ING FX Street 4 years ANZ analysts note that the New Zealand's housing market has tentatively stabilised as nationally, house prices were flat m/m in July (up 1.7% y/y 3mma), but the theme of regional divergence continued. Key Quotes "Auckland prices are down 3.3% y/y, while pockets of strength remain in the regions of Manawatu-Whanganui and Southland. Falls in mortgage rates over the past year have not provided a noticeable boost to house prices so far, but the recent pick-up in sales supports our expectation of stabilisation in prices from here." "Overall, the outlook for house price inflation is delicately balanced. Lower mortgage rates (reflecting… 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.
