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  • NZ Property Investor

    POST-LOCKDOWN PRICE PREDICTIONS

    Sep 02, 2021 3 minutes

    After the first level 4 Covid-19 lockdown early last year, house prices surged 30% in year-on-year growth, but property data company CoreLogic’s research head Nick Goodall says it is doubtful this will happen again.

    “Reintroduced loan-to-value ratio restrictions and signals from the Reserve Bank the OCR is going to rise, which means historically low bank mortgage interest rates will increase, will keep house price growth at a modest level,” he says.

    Goodall says the OCR rise could presumably happen as soon as there is a bit more certainty around this lockdown, rather

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