Wednesday, 26 October 2016

BNZ expects house prices to flatten, not fall

Anyone holding their breath for a house price collapse might be disappointed, BNZ's chief executive says.

The bank has released its latest financial results, which show cash earnings increased $13 million year-on-year in 2016.

But profit fell $125m to $913m.

Lending volumes increased by $5 billion over the year, or 7.6 per cent.

from
http://www.stuff.co.nz/business/85787380/BNZ-expects-house-prices-to-flatten-not-fall

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