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House Prices Above Sustainable Levels

RBNZ

House prices are above their sustainable level the Reserve Bank – Te Pūtea Matua – says.

  • In comments prepared for a hearing of the Finance and Expenditure Committee, Reserve Bank Governor Adrian Orr said New Zealand's house prices are above a level that is sustainable given the outlook for the supply of, and demand for, housing.
  • "The key drivers of housing supply and demand have turned around," he said.
  • Click for full release.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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