News

ANZ questions sustainability

Tuesday 2nd of July 2013

It says New Zealand house prices still look expensive by international standards.

In the bank’s latest Property Focus report, none of its ten gauges that indicate the likely direction of property prices is pointing purely up.

Most are neutral or a mix of up and neutral. Households’ debt servicing is still at a 10-year low but mortgage repayments as a proportion of in...

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