House prices up nearly 20 percent

[Perry]

"We acknowledge that in trying to do the right thing for Kiwis, and for first home buyers in particular, we may not have got the balance quite right," ASB executive general manager retail banking Craig Sims said.

Why would an Ozzie-owned bank care about kiwis, I wonder?

The Oz PM-cum-terrorist-exporter obviously does not share Sims' view.

Perhaps the aforesaid dimbulb needs a memory jog about a certain (Oz-citizen) event in Christchurch, a while back?

[PC]

That atrocity happened in ChCh - Not Australia.
So ScoMo is doing a great job, for Australia.

[Perry]

Didn't you know that the perpetrator was an Australian citizen? Exporting him to Oz would seem a good tit-for-tat response, would it not?

ScoMo is as hypocritical as any mealy-mouthed, two-faced and mendacious politician, anywhere.

[Perry]

They're at it, again.
Reserve Bank raises spectre of wave of 'managed sales' of homes in March
27 Nov 2020

---

The Reserve Bank has raised the spectre of a wave of “managed sales” of homes early next year, belonging to borrowers who can no longer afford their repayments. In total, 1.5 per cent of home loan lending at the start of November was to borrowers not able to make any repayments on their loans, the Reserve Bank said in its November Financial Stability Report.borrowers not able to make any repayments on their loans, the Reserve Bank said in its November Financial Stability Report.

April Fools Day has just passed, and in the parade, another broken crystal ball BS artist: the RBNZ.

[Perry]

They're at it, again.
Reserve Bank raises spectre of wave of 'managed sales' of homes in March

27 Nov 2020

The Reserve Bank has raised the spectre of a wave of “managed sales” of homes early next year, belonging to borrowers who can no longer afford their repayments. In total, 1.5 per cent of home loan lending at the start of November was to borrowers not able to make any repayments on their loans, the Reserve Bank said in its November Financial Stability Report.borrowers not able to make any repayments on their loans, the Reserve Bank said in its November Financial Stability Report.

April Fools Day 2021 has passed, and in the parade, another broken crystal ball BS artist: the RBNZ.

Fools rush in where angels fear to predict.

[Perry]

ASB: House prices will fall next year
01 Dec 2021

There's a warning that homeowners should expect to see a house price fall next year – although it could be small. ASB's latest forecasts are for house prices to drop over the second half of 2022. Its economists have indicated a decline of about 4 per cent but say this should be "interpreted more as a hat-tip to the risk profile than a precise point forecast."

True / new econ-o-mist-code-speak for predictions / wild guesses: "hat-tip to the risk profile."

[donna]

4% isn’t much!

[Halfway To Paradise]

A decline of 4%over the 2nd half of next year, how much are they going to go up between now and the end of the first half of next year?

[Perry]

Wasn’t it comrade commissar RobUsum who ‘predicted’ a dramatic decline in 2022?

[Perry]

Mega landlord says 'wind change' in market could see prices fall 20 per cent
05 Dec 2021

The housing market is on the precipice of a wind change that could see prices fall up to 20 per cent, one of the market’s biggest players claims. Mega landlord Matthew Ryan says he hasn’t seen such a sudden shift in buyer sentiment, or such a convergence of factors that will reduce house prices, since the Global Financial Crisis.

[donna]

^^ what does Matthew know the ASB economist doesn’t know? I’d say ASB has factored in offshore returnees keen on a slice of paradise.

cheers
Donna

[Sanya]

Matt Ryan has been selling investment properties. Some larger landlords have been selling less favoured properties during 2021. This action is generally taken for two reasons; first to reduce debt and free up cash; second to look opportunities to diversify or to be in a position when the property market tanks in 2022 to buy more at reduced pricing.