ANZ's latest Property Focus report expects New Zealand house prices to fall 2 percent in 2026, more than the 1 percent decline previously forecast, and to drop a further 1 percent in 2027 instead of the earlier 2 percent rise. The downgrade reflects expected official cash rate hikes, now forecast three more times, and weak recent housing data, with the Real Estate Institute of New Zealand House Price Index already 1 percent below its January level. The central bank's hikes are linked to elevated oil prices, a weaker-than-expected exchange rate and continued economic growth, while consumers are spending cautiously amid a cost-of-living shock.
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Related tickers and likely impact
NZD/USD
▼ Likely negativeRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/20/2026 | 0.56844 |
| Change that session | +0.38% |
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