Jeremy Hutton: Milford Asset Management Equities Analyst on the RBNZ and ANZ increasing their house price forecast tracks
Economists and the Reserve Bank have been laying out their predictions on house prices.
The RBNZ recently increased their house price forecast track in their Monetary Policy Statement- but they still expect some house price falls.
ANZ economists followed suit, raising their price forecasts and citing positive net migration as a key factor.
Milford Asset Management Equities Analyst Jeremy Hutton says this indicates market consensus believes peak bad news in the housing market is trending down.
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