Housing is set to be a buyer's market for a while longer.  

The Pre-Election Economic and Fiscal Update shows housing price growth will peak at 3% by March 2028, down slightly from 3.2% in the budget update.  

Cotality Chief Property Economist Kelvin Davidson told Mike Hosking the further out you go, the more uncertainty there is, but there's potentially a general change underway in the market at the moment, and so growth may look lower in the future.  

He says there's a variety of reasons why this could play out —including higher supply, debt to income ratio changes and lower interest rates— and it's not so good for homeowners. 

LISTEN ABOVE 

Housing is set to be a buyer's market for a while longer. &nbsp;
The Pre-Election Economic and Fiscal Update shows housing price growth will peak at 3% by March 2028, down slightly from 3.2% in the budget update. &nbsp;
Cotality Chief Property Economist Kelvin Davidson told Mike Hosking the further out you go, the more uncertainty there is, but there's potentially a general change underway in the market at the moment, and so growth may look lower in the future. &nbsp;
He says there's a variety of reasons why this could play out —including higher supply, debt to income ratio changes and lower interest rates— and it's not so good for homeowners.&nbsp;
LISTEN ABOVE&nbsp;

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more.

The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Kelvin Davidson: Cotality Chief Property Economist on Treasury slashing the house price growth forecast

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/f007eab4-18a4-4d06-abf0-b4d40144595b/transcript