New Zealand Home Prices Hit Lowest Level Since Jan 2021

Global Markets20 days ago

Residential property values across New Zealand declined 0.3% in September from August, leaving prices 19% below the peak reached in January 2022. This decline pushed the housing market to its lowest valuation level since the start of 2021.

The New Zealand Treasury reduced its 12 month price growth forecast to 0.6% from 4%. Rising unemployment, higher mortgage rates and general economic uncertainty continue to pressure the domestic housing sector.

Mapped to your portfolio

Possible scenarios

38%Soft Landing Easing+0.4%
30%Prolonged Housing Slump-0.4%
17%Credit Stress Escalates-1.0%

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.

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New Zealand Home Prices Hit Lowest Level Since Jan 2021

In this story

New Zealand The Treasury (New Zealand)

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

Mapped to your portfolio

Possible scenarios

38%Soft Landing Easing+0.4%
30%Prolonged Housing Slump-0.4%
17%Credit Stress Escalates-1.0%

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.