{"id":32844,"date":"2021-06-14T08:17:52","date_gmt":"2021-06-13T20:17:52","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=32844"},"modified":"2024-03-01T20:45:38","modified_gmt":"2024-03-01T07:45:38","slug":"higher-costs-and-slower-house-prices-growth-ahead-new-zealand","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/higher-costs-and-slower-house-prices-growth-ahead-new-zealand\/","title":{"rendered":"Higher costs and slower house prices growth ahead &#8211; NEW ZEALAND"},"content":{"rendered":"<p><strong>PHOTO: Auckland, New Zealand<\/strong><\/p>\n<p>Slowing house prices, rising inflation pressures, and sooner-than-expected rises in interest rates will be prominent in the near term economic outlook, according to <a href=\"https:\/\/www.propertynoise.co.nz\/?s=ASB+Bank&amp;submit=Search\">ASB Bank<\/a>.<\/p>\n<div class=\"photo-captioned photo-captioned-full photo-cntr eight_col \">\n<p><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/www.rnz.co.nz\/assets\/news_crops\/117914\/eight_col_110974869_l.jpg?1613988398\" alt=\"No caption\" width=\"720\" height=\"450\" \/><\/p>\n<p class=\"photo-captioned__information\"><em><strong><span class=\"caption\">Growth of house prices is expected to drop to five percent by the end of 2022.\u00a0<\/span><span class=\"credit\">Photo:\u00a0123rf<\/span><\/strong><\/em><\/p>\n<\/div>\n<p>In its latest quarterly forecasts the bank said there were growing pains ahead as the economy continued the recovery from the pandemic.<\/p>\n<p>Chief economist Nick Tuffley said the vaccine rollout around the world was pointing to above-average growth this year.<\/p>\n<p>He said the trans-Tasman bubble, global commodity demand, and rebound in domestic spending had all been positive for the economy, which had out-performed many other developed economies.<\/p>\n<p>But challenges on housing and inflation were looming.<\/p>\n<p>READ MORE VIA<a href=\"https:\/\/www.rnz.co.nz\/news\/business\/444476\/higher-costs-and-slower-house-prices-growth-ahead-asb-bank\"> RNZ<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: Auckland, New Zealand Slowing house prices, rising inflation pressures,<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/higher-costs-and-slower-house-prices-growth-ahead-new-zealand\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":17427,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478109033,478111741,478102683,478098535,478110519,478098861,478104660,478110124,478115122,478115989,478108178,478110079,478113995,478116429,478108898,478108244,478106988,478113996,478107712,478098579,478098511,478105978,478098509],"class_list":["entry","author-data123nz","post-32844","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-asb","tag-asb-bank","tag-auckland","tag-house-prices","tag-kiwi-house-prices","tag-new-zealand","tag-new-zealand-banks","tag-new-zealand-house-prices","tag-new-zealand-houses","tag-new-zealand-housing-market","tag-new-zealand-property-market","tag-new-zealand-real-estate","tag-new-zealands-housing-crisis","tag-nick-tuffley","tag-nz-house-prices","tag-nz-houses","tag-nz-property","tag-nz-property-boom","tag-nz-real-estate","tag-property-market","tag-real-estate","tag-real-estate-institute-of-new-zealand","tag-real-estate-news"],"yoast_head":"<!-- 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