ANZ NZ CEO says house price recovery is some way off, with prices soft in 2027

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ANZ New Zealand’s chief executive says a recovery in house prices remains some way off, with prices expected to stay soft into 2027. The bank reported cash net profit of NZ$2.306 billion, down 3%, and statutory net profit fell 7%.

The bank's cash net profit fell 3% to $2.306b, while statutory net profit dropped 7%.