Auckland housing market in dangerous territory

Sep 11, 2015 | News

Mr Wheeler said in overseas housing markets where there have been large house price corrections, investors have been more likely to default on their loans. Read more comments from Bill English and Graeme Wheeler here.

Meanwhile, a leading economist said the Auckland housing market is a growing risk to the country’s economy.Shamubeel Eaqub told Radio New Zealand’s Morning Report programme the Reserve Bank may have to intervene – even though it was not its policies that were inflating the market.

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