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House sale slump a risk to the economy: NZIER

Tuesday 27th of May 2014

It has released its latest quarterly predictions, in which it notes that house sales have slumped by nearly 20% in the last six months.
House sales usually lead economic growth by about six months, it said.

“Auckland house prices have surged to record highs. Investor demand is driving the Auckland market. In an investor-driven market, sales and prices can turn rapidly. A su...

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