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Rising rates kill market: Bank
Tuesday 17th of July 2007
Westpac says there have been “huge changes in housing market fundamentals in the past four months.”
While there hasn’t yet been “any definitive signs of a slowdown in sales activity or prices, it seems only a matter of time.”
Net migration has slowed considerably, dropping from an annual net inflow of 14,700 in November to 10,680 in May.
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