House price falls likely only half-way through, economist says
ASB senior economist Mike Jones on the week ahead.
ASB senior economist Mike Jones speaks with Calida Stuart-Menteath.
New Zealand house prices are down about 6.5% from the peak late last year and ASB economist Mike Jones says there is likely more to go. The bank’s economics team is forecasting about a 12% peak-to-trough fall in house prices.
“We’re roughly about halfway through that. In terms of the
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