Category: Market changes
The announcement we did not expect: the removal of the ability of all new investor purchasers to deduct interest costs moving forward.
Although November will still likely show a sharp price increase, for December onward monthly price gains below the 3.5% of October and 2.6% of September are likely.
Treasury warn that house prices might fall 7% from their current levels. But chances are they are much too pessimistic and the recent rise in prices will continue.
We have been closely monitoring
the impact of COVID-19 on the
New Zealand property and mortgage
market again, where things are