Few signs market is actually slowing much as RBNZ prepares to hike rates next week; House prices up 4.3% in 3 mths since May Budget & already as much as Treasury forecast for 2 1/2 yrs to end of 2023
Hi Bernard, yet another month and yet another pathetic effort from Treasury on forecasting house price inflation. People in that organisation must know the numbers they publish are absolute BS. Government budget policy should not be made based on these stupid assumptions.
Even a simple person like me can see that basic economic factors of supply and demand (before any other influences like interest rates) will push prices up. With current sales volumes so low (and so obviously a trend over the last year) how come the hundreds of brains in Treasury don't recognise that in their inflation forecasts? Would love for you to get some hard questions answered by that bunch of what appear to be amateur economists.
Hi Bernard, yet another month and yet another pathetic effort from Treasury on forecasting house price inflation. People in that organisation must know the numbers they publish are absolute BS. Government budget policy should not be made based on these stupid assumptions.
Even a simple person like me can see that basic economic factors of supply and demand (before any other influences like interest rates) will push prices up. With current sales volumes so low (and so obviously a trend over the last year) how come the hundreds of brains in Treasury don't recognise that in their inflation forecasts? Would love for you to get some hard questions answered by that bunch of what appear to be amateur economists.