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Less than a month ago, the Reserve Bank of New Zealand (RBNZ) projected that New Zealand house price growth would peak at 22% mid-year, which would be the strongest growth since 2003:
RBNZ predicted that New Zealand house prices would grow 22% in FY 2021.
Now the government-owned Kiwibank has upped the ante, forecasting that New Zealand house prices would peak at 25% by mid-2021:
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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.