News

Forecasts for housing market off with the fairies

Wednesday 30th of June 2010

The Reserve Bank and 10 forecasters surveyed by the NZ Institute of Economic Research (NZIER) are predicting strong growth in residential building activity over the next two years, at the same time as interest rate rises, but Dickens, managing director of Strategic Risk Analysis, says the two trends don't go together.

 "The housing market is the most interest rate sensitive part of...

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