Plenty to be positive about
The NZ Property Market Podcast
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The House Price Index: A Continued Downturn
The house price index released last week showed a continuation of the downturn. The annual rate of change basically flattened out at 10.2% so sort of using that as a bit of evidence that yeah things are starting to moderate now. We still think the market will be relatively constrained due to you know, tight affordability and difficulties for investors essentially which will keep a lid on demand and limit growth on the other side.
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