Mike Jones: BNZ Chief Economist on the forecast 7% increase in house prices in 2025

The Mike Hosking Breakfast

Inhoud geleverd door NZME and Newstalk ZB. Alle podcastinhoud, inclusief afleveringen, afbeeldingen en podcastbeschrijvingen, wordt rechtstreeks geüpload en geleverd door NZME and Newstalk ZB of hun podcastplatformpartner. Als u denkt dat iemand uw auteursrechtelijk beschermde werk zonder uw toestemming gebruikt, kunt u het hier beschreven proces https://nl.player.fm/legal volgen.

2M ago 2:20

MP3•Thuis aflevering

BNZ expects house prices to remain flat this year, then lift by seven percent over 2025.

They don't think declines in mortgage rates will cause an immediate jump in the housing market.

But they do expect it'll likely prevent a deeper correction.

Chief Economist Mike Jones told Mike Hosking that it’s a pretty average number when you take into account the price increases over the past few decades.

He said forecasting 12 months in advance is always a tough ask, but when they factor in the changing fundamentals, such as lower mortgage rates, and match them up against things like the economy and the labour market, an upturn in house prices seems likely.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

5932 afleveringen

#New Zealand Current Affairs #New Zealand #NZME #Newstalk ZB #News