Party’s over
Aug 22, 2018
2 minutes
TEXT - MATTHEW HOOTON
It’s possible, says Reserve Bank Governor Adrian Orr, that New Zealand property prices may fall as they are in Australia. On the other hand, he says, they could keep rising.
The significance of Orr’s words is not their meaning, or lack thereof, but the change in tone.
For years, successive Reserve Bank governors have warned us about excessive house price inflation and the risk it will continue
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