News
OCR increase good for property market
Thursday 10th of June 2010
Real Estate Institute president Peter McDonald claims the rising OCR will not adversely effect house prices.
"In fact home buyers are being promised a market environment in which they can safely plan long term," he says. His reasoning in that the Reserve Bank has indicated any further increases in the OCR will be "only gradual if needed at all."
He says because more than 30% of...
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