Dawn chorus: 'The govt was right to panic'
CoreLogic confirms frenzy of housing demand in months before last week's interest deductibility shock; Prices rose at annualised rates over 30% in Taranaki, central Hawkes Bay, Gisborne and Gore in Q1
TLDR: CoreLogic’s March quarter data out this morning shows house values were rising at annualised rates of 20-40% in cities up and down the country in the three months before last week’s big interest deductibility shock.
CoreLogic sees the package taking pressure off the RBNZ to introduce tough interest-only loan limits with its Financial Stability Rep…
Keep reading with a 7-day free trial
Subscribe to The Kākā by Bernard Hickey to keep reading this post and get 7 days of free access to the full post archives.