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NZ: ASB sees house prices rising 4-5pct over next year as housing market comes back to life

Posted on 16 July 2012

Housing supply pressures, low rates of return for term deposits, share market volatility, and the prospect of house price gains have contributed to the latest pick-up in the housing market, ASB economists say.
The pick-up was likely to lead to a 4-5% rise in house prices over the coming 12 months, although future gains would be constrained by the still-high starting point of prices compared to incomes and rents, they said. Rents also had room to rise, with the fundamentals pointing to a “moderate increase” in rents………………………………………..Full Article: Source


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