We are hearing positive growth forecast in the first BNZ \u2013 REINZ Residential Market Survey for 2012: which has found a reasonably sharp turn for the better in New Zealand housing market activity. Each of our eight major measures of housing market strength has risen over the past month to show a residential real estate market attracting more interest from investors, even more first home buyers appearing, buyers becoming more motivated than sellers, and prices more strongly perceived to be rising.<\/p>\n
The results gel with media commentary last week regarding accommodation seekers having greater and greater difficulty finding what they want. <\/p>\n
A slightly rosier hue has also appeared in New Zealand interest rate markets over the past few weeks. <\/p>\n
The Reserve Bank of Australia\u2019s surprise decision to leave interest rates on hold in February has played an important role, and with the perceived risk of a catastrophic event in Europe receding and some positive signs in the New Zealand domestic economy (in particular retail trade and gathering momentum in the housing market) markets are now pricing a bit less than a 50% chance of a rate hike by the RBNZ by December. It will be interesting to see if the more positive tone also permeates New Zealand business confidence this week.<\/p>\n","protected":false},"excerpt":{"rendered":"
We are hearing positive growth forecast in the first BNZ \u2013 REINZ Residential Market Survey for 2012: which has found a reasonably sharp turn for the better in New Zealand housing market activity. Each of our eight major measures of housing market strength has risen over the past month to show a residential real estate […]<\/p>\n","protected":false},"author":1116,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"The NZ Economy - colinrealestate","description":"We are hearing positive growth forecast in the first BNZ \u2013 REINZ Residential Market Survey for 2012: which has found a reasonably sharp turn for the better in N"},"footnotes":""},"categories":[5532],"tags":[5533],"class_list":["post-380","post","type-post","status-publish","format-standard","hentry","category-real-estate-2","tag-real-estate"],"_links":{"self":[{"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=\/wp\/v2\/posts\/380","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=\/wp\/v2\/users\/1116"}],"replies":[{"embeddable":true,"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=380"}],"version-history":[{"count":1,"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=\/wp\/v2\/posts\/380\/revisions"}],"predecessor-version":[{"id":381,"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=\/wp\/v2\/posts\/380\/revisions\/381"}],"wp:attachment":[{"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}