Oz Blog News Commentary

New Zealand in “serious property downturn”

November 28, 2022 - 14:30 -- Admin

According to the Real Estate Institute of New Zealand’s (REINZ) House Price Index, New Zealand house prices have declined nearly 13% from their November 2021 peak. Corelogic property economist, Kelvin Davidson, believes the Reserve Bank’s uber aggressive monetary tightening, which has lifted the official cash rate (OCR) to 4.25%, means that house prices and sales

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