Homeowners warned to brace for 20% downwards correction in property market
Cooling effect of recent rapid interest rate rises being felt already.
Fri, 13 May 2022
A decline has been forecast for a while – but New Zealand homeowners are being told to brace for an inflation-adjusted 20% correction in the housing market by the middle of 2023 – the largest decline since the 1970s – in a missive from ASB released this morning.
In the bank’s Home
Want to read more? It's easy.
Choose your best value subscription option
Student
Exclusive offer for uni students studying at a New Zealand university (valued at $499).
