NZ house price expectations capitulate

Monday 20 November 2017

The New Zealand Labour-led Government’s promise to rein-in the country’s housing market via a combination of demand and supply-side reforms is already bearing fruit, with the Reserve Bank of New Zealand’s (RBNZ) Household Inflation expectations survey reporting a significant slowing in house price expectations over the next year (see right columns below):

The below charts, via Interest.co.nz, illustrate the situation:

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.