HSBC economist says no housing bubble in Auckland
“The current pace of housing price growth is unsustainably rapid in Auckland and will need to slow down over time.”
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The Auckland housing market is not a bubble, it is being pushed along by strong supply and demand fundamentals, an HSBC economist says.
The bank’s chief Australasian economist Paul Bloxham says factors such as strong migration, interest rates below neutral levels and foreign buyers chasing yields
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Jason Walls
Tue, 21 Apr 2015
Tue, 21 Apr 2015
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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HSBC economist says no housing bubble in Auckland
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