| Housing supply pressures, low rates of return for term deposits, share market volatility, and the prospect of house price gains have contributed to the latest pick-up in the housing market, ASB economists say.
The pick-up was likely to lead to a 4-5% rise in house prices over the coming 12 months, although future gains would be constrained by the still-high starting point of prices compared to incomes and rents, they said. Rents also had room to rise, with the fundamentals pointing to a "moderate increase" in rents...............................................Full Article: Source |