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Rising rates will cool market: ANZ

Monday 28th of April 2014

In their latest Property Focus report, they say that affordability is declining because of rising interest rates, which are a key driver of the property cycle.

This was likely to continue, which would slow the housing market, they said.

As a proportion of income, mortgage repayments are back to a four-year high and are approaching the 50% level.

Of the ten gauges they us...

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