{"id":24147,"date":"2020-03-17T10:49:57","date_gmt":"2020-03-16T21:49:57","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=24147"},"modified":"2024-03-01T20:50:56","modified_gmt":"2024-03-01T07:50:56","slug":"warning-house-prices-to-fallnew-zealand","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/warning-house-prices-to-fallnew-zealand\/","title":{"rendered":"Warning: House prices to fall|NEW ZEALAND"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>PHOTO: SIMON O&#8217;CONNOR\/STUFF ASB said the coronavirus outbreak had &#8220;changed the game&#8221; for the housing market. <\/strong><\/p>\n\n\n\n<p class=\"has-drop-cap wp-block-paragraph\">Expect house prices to fall for the next six months, ASB says.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It had earlier predicted house price inflation to peak this year at an annual rate of 8.6 per cent in June.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">But it said the outbreak of coronavirus had &#8220;changed the game&#8221;.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">House prices would fall 0.5 per cent in the June quarter and 1 per cent in the September quarter, economist Mike Jones said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"> On an annual price change basis, he expected growth to slump from 6.5 per cent now to 1.8 per cent by December. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">READ MORE VIA<a href=\"https:\/\/www.stuff.co.nz\/national\/health\/coronavirus\/120331038\/asb-heat-has-evaporated-from-housing-market\"> STUFF<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: SIMON O&#8217;CONNOR\/STUFF ASB said the coronavirus outbreak had &#8220;changed<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/warning-house-prices-to-fallnew-zealand\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":24148,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478109033,478107733,478098535,478101874,478098830,478108898,478107777],"class_list":["entry","author-data123nz","post-24147","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-asb","tag-auckland-property-prices","tag-house-prices","tag-house-values","tag-median-house-prices","tag-nz-house-prices","tag-nz-property-market"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - 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