{"id":27539,"date":"2020-09-14T17:02:42","date_gmt":"2020-09-14T05:02:42","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=27539"},"modified":"2024-03-01T20:49:19","modified_gmt":"2024-03-01T07:49:19","slug":"house-price-fall-no-longer-on-the-cards-say-westpac-economists-new-zealand","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/house-price-fall-no-longer-on-the-cards-say-westpac-economists-new-zealand\/","title":{"rendered":"House price fall no longer on the cards, say Westpac economists | NEW ZEALAND"},"content":{"rendered":"<p><strong>PHOTO: <cite class=\"sics-component__caption__producer\">STUFF <\/cite>New Zealand house prices are now expected to escape a dip, say Westpac economists.<\/strong><\/p>\n<p class=\"sics-component__html-injector sics-component__story__intro sics-component__story__paragraph\"><a href=\"https:\/\/www.propertynoise.co.nz\/record-median-house-prices-for-half-of-nz-according-to-reinz-august-data\/\">New Zealand house prices<\/a>\u00a0are now expected to escape a dip, say Westpac economists who have just reversed their forecast of a 7 per cent decline this year to a rise.<\/p>\n<p class=\"sics-component__html-injector sics-component__story__paragraph\">The\u00a0coronavirus pandemic\u00a0and its economic fallout, particularly unemployment,\u00a0were widely tipped to hit house prices, with warnings of a fall of up to 15 per cent.<\/p>\n<p class=\"sics-component__html-injector sics-component__story__paragraph\">However, there has been little sign of that. The country\u2019s median house price\u00a0rose 16.4 per cent in August to $675,000, according to the Real Estate Institute of New Zealand, up $95,000 in 12 months and a gain of $16,000 in just one month.<\/p>\n<p class=\"sics-component__html-injector sics-component__story__paragraph\"><a href=\"https:\/\/www.propertynoise.co.nz\/property-market-may-slow-sharply-westpac\/\">Westpac<\/a> had forecast house prices to fall 7 per cent between March and December this year, joining Treasury, the Reserve Bank and other major banks in taking a negative view.<\/p>\n<p>READ MORE VIA <a href=\"https:\/\/www.stuff.co.nz\/life-style\/homed\/real-estate\/122757585\/house-price-fall-no-longer-on-the-cards-say-westpac-economists\">STUFF<\/a><\/p>\n<h3 class=\"widget-title\"><span class=\"accent-typo\">MOST POPULAR<\/span><\/h3>\n<ul class=\"widgets-list-layout no-grav\">\n<li><a class=\"bump-view\" title=\"Realtor Falls Down, Dress Flies Over Her Head, While Showing Home - VIRAL VIDEO\" 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&rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":27540,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098519,478111396,478098535,478111397,478108898,478110126,478106988,478111399,478107777,478098873,478098579,478098510,478098514,478098511,478098705,478098533,478098509,478111398],"class_list":["entry","author-data123nz","post-27539","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-home-ownership","tag-house-price-fall","tag-house-prices","tag-nz-house-price-fall","tag-nz-house-prices","tag-nz-housing-market","tag-nz-property","tag-nz-property-crash","tag-nz-property-market","tag-property-investment","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-real-estate-news","tag-westpac-economists"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>House price fall no longer on the cards, say Westpac economists | NEW ZEALAND - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertynoise.co.nz\/au\/house-price-fall-no-longer-on-the-cards-say-westpac-economists-new-zealand\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"House price fall no longer on the cards, say Westpac economists | NEW ZEALAND - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"PHOTO: STUFF New Zealand house prices are now expected toRead More &rarr;\" \/>\n<meta property=\"og:url\" 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