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Hot Topic Hawke’s Bay
General Business
3 mins to read

‘Softer’ house prices landing, BNZ predicts

The bank’s lending is up 7.8% despite the slowing housing market.

Maria Slade Thu, 05 May 2022

BNZ chief executive Dan Huggins is among those predicting a softer landing as the housing market slows.

In its six-monthly Financial Stability Report out this week, the Reserve Bank said the financial system would remain resilient even if house prices fell by as much as 40%.

However, Huggins

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Contact the Writer: maria@nbr.co.nz
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‘Softer’ house prices landing, BNZ predicts
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