\u201cIndicators of the balance between demand and supply suggest prices will continue to be flat through the early part of 2026\u2026 It is flat as a pancake, suggesting prices will be too,\u201d they say, pointing to median days to sell stuck at 45 \u2013 above the long\u2011run 40\u2011day average \u2013 and auction clearance rates signalling little movement either way.<\/p>\n
On the supply side,\u00a0they highlight that inventories have hovered around a 10\u2011year high for over a year, supported by resilient house\u2011building and consents per capita that have only eased back to long\u2011run averages, plus low but gradually recovering net migration held back by a strong Australian job market.<\/p>\n
Against that backdrop, ANZ has materially softened its outlook.\u00a0<\/p>\n
\u201cWeighing it all up, we have reduced our house price inflation forecast for 2026 to 2% (from 5% previously),\u201d the economists said. \u201cWe have kept our house price inflation forecast for 2027 unchanged at 4.5%, which would see it broadly match income growth.\u201d\u00a0<\/p>\n
Regional split and election uncertainty cap momentum<\/p>\n
The report highlights a clear North\/South divide. Wellington prices are down about 4% over six months, with Auckland drifting lower too, while Canterbury, Otago, and Southland continue to rise on the back of \u201cstronger regional economies.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"\u201cIndicators of the balance between demand and supply suggest prices will continue to be flat through the early…\n","protected":false},"author":2,"featured_media":269807,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[35901,72,113,132323,61,60,23616],"class_list":{"0":"post-269806","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-anz","9":"tag-business","10":"tag-economy","11":"tag-house-price","12":"tag-ie","13":"tag-ireland","14":"tag-ocr"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/269806","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=269806"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/269806\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/269807"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=269806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=269806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=269806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}