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OCR increase unlikely to affect house prices – REINZ
Friday 28th of October 2005
Increases in the OCR over more than a year have had no apparent affect on the price of residential properties because price pressure arises from demand outstripping supply, Cleland said.
“Reports from our members and the most recent days-to-sell figures show that a shortage of listings is the dominant factor in housing price increases, driven by population growth, internal and external migra...
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