News
Bottom of interest cycle reached: ANZ

Friday 31st of May 2013
Its latest Property Focus report shows increasing numbers of factors pushing prices up, including migration and the availability of mortgage funding.
It points out that household debt levels are high but says low interest rates are mitigating the effects of that for the time being. “Mortgage payments as a share of income are now around 40% as opposed to the late 2007 peak of 57%.&...
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