PHOTO: ANZ
Several “fundamental factors” – such as the re-imposition of loan-to-value ratio (LVR) restrictions – could weigh down the red-hot momentum of the country’s housing market, according to a new report from ANZ.
In its report, ANZ acknowledged that momentum in the country’s housing market “has been extraordinary, exacerbated by tightness in the market, with very low listings, an emerging speculative dynamic, and rising house price expectations.”
It warned, however, that “at some point, the acute and worsening unaffordability of housing must weigh on the rate of house price inflation.”
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