Auckland house price inflation has 'softened', market still at risk of correction, RBNZ says

Jonathan Underhill
Tue, 29 Nov 2016

By Jonathan Underhill Nov. 30 (BusinessDesk) - House price inflation in  Auckland has softened in recent months but the market is still at risk of a "significant" correction, the Reserve Bank says in its six-monthly financial stability report. The central bank said it was uncertain whether softer house price inflation would be sustained and noted that in the Auckland region house price-to-income ratios "remain among the highest in the world" and prices are continuing to rise rapidly in the rest of the country. "There is a significant r...

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