Interest rates throw petrol onto housing inferno

Interest rates throw petrol onto housing inferno
Rebecca Howard
The already hot housing market is tipped to keep on getting hotter and the opposition National Party is upping the pressure on the government to do something about it. Westpac Bank now sees house price inflation peaking at 15 percent by mid-2021.“This year has clearly proven a point that we have been making for years – interest rates matter more for the housing market than physical factors like population growth or housing supply,” said Westpac Bank chief economist Dominick Stephens. ASB Bank also sees more heat comi...

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