Property Now
When Will House Prices Go Up Again? (Latest Bank Forecasts)
New Zealand's housing downturn has now officially outlasted any on record.
Four and a half years. Past the old five-year benchmark from the late 1970s.
In this episode of the Property Academy podcast, Ed gathers every NZ house price forecast — the major banks, the Reserve Bank, and Treasury — and breaks down what they're actually saying:
● Why this NZ downturn is different from the GFC (sharper but shorter) — and why this one just won't end
● What ANZ, ASB, Westpac, Kiwibank, the Reserve Bank, and Treasury are each forecasting for NZ house prices
● Why NZ house sales have already recovered while prices haven't — and why Kiwibank's Jarrod Kerr says one of those lines is wrong
● How accurate these forecasts actually are (Ed once ran a random number generator against the bank economists — it won)
● And what the forecasts mean in dollar terms for the average NZ home over the next 5 years
A rough map still beats no map.
Ok, now for the legal bit:
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We’ve made every effort to make sure the information is accurate. But we occasionally get the odd fact wrong.
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Related videos in this series
How to 5x your returns in property investing⎥Ep. 2020
How to 5x your returns in property investing⎥Ep. 2020Am I middle class?⎥Ep. 2013
Am I middle class?⎥Ep. 2013