PHOTO: 123RF Prices rose 6 per cent nationwide over the second half of 2019.
ANZ economists say house prices could increase by 8 per cent this year compared to last year.
Its latest property market research shows that house prices have rebounded faster than the economists, and the Reserve Bank, expected.
Prices rose 6 per cent nationwide over the second half of 2019.
“Further strength is expected in the short term, on the back of lower mortgage rates, and with population growth continuing, supply tight and headwinds easing a little,” the economists said.
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House prices could be rising by 8 per cent year-on-year by June before tailing off again.
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