Reserve Bank rethinks where house prices will go

By Stuff NZ

A word from CEO Aksel Bech.

The comments from the Reserve Bank in today's Stuff article around house prices now having bottomed out with a 9.5% forecast rise by the end of 2025 -and that somehow still being sustainable - had me spluttering my morning coffee back out.

House prices are at record levels of un-affordability now -comparing median household incomes to purchase prices or rents see many households throughout the Waikato under severe financial stress with many spending 40 or 50% on housing costs.