A major bank agrees our housing market boom, could have peaked
A major bank agrees our housing market boom, could have peaked
3 March 2021
The CoreLogic House Price Index shows nationwide property values increased by 2.6 per cent over February, but suggests the current growth rate will likely ease.
Tauranga saw a 1.5 per cent dip in values last month.
Westpac chief economist Dominick Stephens says the forecast is for prices to rise 17 per cent this year - but the market will also gradually slow.
He says he expect mortgage rates to rise and we are building now far in excess to population growth.
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