Mystery of ‘unaffordable houses’ lies with interest rates: BNZ

Low interest rates are shoring up house prices that might otherwise be deemed unaffordable, a Bank of New Zealand economist says.

BNZ senior economist Craig Ebert said although many big forces were colliding in the housing market, the lowest mortgage rates in a generation were having a bigger effect than many people realised.

Low interest rates are shoring up house prices that might otherwise be deemed unaffordable, a Bank of New Zealand economist says.

BNZ senior economist Craig Ebert said although many big forces were colliding in the housing market, the lowest mortgage rates in a generation were having a bigger effect than many people realised.

Share on facebook
Facebook
Share on google
Google+
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest