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Hot Topic Reporting season
Business
5 mins to read

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

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Homeowners warned to brace for 20% downwards correction in property market
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