RBNZ: Auckland house surge could be a blip
Pent-up pre-election demand, plus seasonal factors, could be cause of recent surge, Wheeler says.
It will not be clear until March whether the recent surge in the Auckland property market is a blip or a return to the over-exuberance of last year, Reserve Bank governor Graeme Wheeler told MPs.
Mr Wheeler today opted to keep the official cash rate at 3.5% – as universally expected – and has
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Rob Hosking
Thu, 11 Dec 2014
Thu, 11 Dec 2014
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RBNZ: Auckland house surge could be a blip
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