Mortgage News

Slight increase picked for house prices

Monday 11th of October 1999

House prices are only likely to rise around three per cent in the next 12 months, although the number of sales will probably pick up by 10 to 15 per cent over the same period.

That's the view of BNZ Chief Economist Tony Alexander, who says the effect of rising interest rates on sales will be offset by higher exporter incomes and the new housing developments in Auckland (apartments and t...

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