Mortgage News

Ho-hum for house prices

Sunday 9th of April 2000

There's little hope that house prices are on the rise, according to Bank of New Zealand's chief economist Tony Alexander.

In the bank's latest monthly Observer, Alexander points out that average house prices nationwide were only 0.1 per cent higher in both the September and December quarters last year and that the nationwide index is basically where it was in September 1997.

"We h...

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