Blogotariat

Oz Blog News Commentary

Kiwi home buyers “scared off” by soaring mortgage rates

November 24, 2022 - 14:00 -- Admin

Independent economist Tony Alexander believes Wednesday’s 0.75% official cash rate increase by the Reserve Bank of New Zealand (RBNZ) will further “scare off” home buyers and will “exert some extra downward pressure on house prices”. Alexander, therefore, believes the “turning point” for New Zealand’s housing market has been pushed back from Autumn to Winter 2023. ___________________________________________________________________________________________

The post Kiwi home buyers “scared off” by soaring mortgage rates appeared first on MacroBusiness.