Fitch: House Price Growth to Slow Significantly in Australia, NZ

Posted by Simon Dehne on January 17, 2016 in Latest News with No Comments

property_auction(The following statement was released by the rating agency) SYDNEY/SINGAPORE, January 13 (Fitch) House prices in several Asia-Pacific (APAC) markets are likely to slow down or decline in 2016 owing to low affordability, exposure to US rate hikes, and prudential regulations, says Fitch Ratings. The pace of house-price growth should decelerate particularly sharply in Australia and New Zealand this year; while the decrease should continue in Singapore, with prices dropping by a further 5% from last year.

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