PHOTO: NZ’s house prices
With New Zealand’s housing market still running red hot through the Covid-19 pandemic, calls are growing for the Reserve Bank and Government to do more to help buyers.
Just a few months ago, economists were predicting doom and gloom with forecasts of double digit drops in house prices. They’re now predicting double digit increases, which is putting the dream of owning a home even further out of reach for many.
Low interest rates, the Reserve Bank’s potential funding-for-lending programme and the removal of loan-to-value restrictions (LVR) in April are believed to be driving demand in the market.
READ MORE VIA TVNZ
