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NZ house prices over valued, says IMF

Tuesday 10th of May 2011

In its latest report on New Zealand the IMF said there was some uncertainty though around the 15-25% estimate which was based on the OECDs house price to income ratio as at September last year, which did not take into account Statistics New Zealand's recent upward revision to household income.

Under the OECD model real house prices rose by 150% in the 15 years to 2007, the IMF said, mak...

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