Key Facts:

  • Economists are predicting further strength in New Zealand’s housing market.
  • This is due to the combination of low mortgage rates, high levels of household wealth, and increased demand from first-home buyers.
  • The housing market is expected to continue to grow, but at a slower pace than in recent months.
  • Supply constraints and affordability issues may limit the growth in the housing market.

Article Summary:

Economists are optimistic about the future of New Zealand’s housing market, seeing signs of further strength to come. Low mortgage rates, high levels of household wealth, and increased demand from first-home buyers are the factors contributing to this positive outlook. However, economists also expect the market to grow at a slower pace compared to the recent months. Constraints in supply and affordability issues may limit the growth in the housing market going forward.

To read the full article, go to: https://www.interest.co.nz/property/113842/economists-see-biggest-and-boldest-ever-set-government-housing-policies-starting