News
House price rises to settle down to single figures, say experts
Monday 28th of July 2003
The cost of having a mortgage fell further yesterday, as the bank cut interest rates again, but Real Estate Institute president Graeme Woodley echoed Governor Alan Bollard in urging caution.
"Don't get carried away with huge expectations of major capital gains," he said, predicting that house price rises in the next year would be under 10 per cent.
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