News

Housing consents continue to fall

Tuesday 30th of November 2010

Westpac says the figures were below its forecast, though consistent with the "general cooling in the housing market."

"After showing promising signs of recovery through 2009, building consents have declined over this year as higher interest rates, slower net migration and concerns over tax changes cooled the housing market."

"The continued slide in house sales, now back to the l...

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