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19 Jan 2022 9:21
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  •   Home > News > Business

    Adrian Orr thinks house prices will drop over the next year

    Adrian Orr thinks house prices will drop over the next year


    The Reserve Bank Governor and his colleagues have increased the Official Cash Rate to point-75 percent, partly to deal with ballooning house prices.

    Orr says what people are having to pay is well above sustainable levels but will decrease as significant supply comes on stream.

    He says the momentum of what's being built at the moment is historically significant, but constraints on building supplies and labour are real.

    © 2022 Newstalk ZB, NZCity

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