House price inflation ticked up a tad in May

Thu, 13 Jun 2019

By Jenny Ruth June 14 (BusinessDesk) - House price inflation edged marginally higher in May, suggesting the government’s decision in April to shelve a capital gains tax and the Reserve Bank’s decision to cut interest rates early in May have started to take effect. The latest Real Estate Institute’s house price index shows house prices across the country rose 0.2 percent in May from April and were 1.8 percent higher than a year earlier, faster than the 1.3 percent annual pace in April. That was entirely due to annual house price deflati...

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