News

LVRs kicking in for Auckland house prices

Friday 16th of July 2021

Westpac’s latest market commentary shows Auckland house prices have been a relative laggard – up 3.4% in the past three months, compared to 6.7% in the rest of the country.

Acting chief economist Michael Gordon says it’s not that Auckland was running hotter than the rest of the country previously; rather, it’s more likely the LVR restrictions have had a greater i...

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