Up Go Interest Rates, AKL Property Values

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The RBNZ has moved the OCR up to 3.25 percent and that has pushed the NZ Dollar value upwards. The focus is to ensure the economy continues to grow and inflation is manageable at around two percent. While there is a lot of building of homes in Auckland and a commitment to keep that sector strong to meet the demands of positive net migration supply is currently falling short of demand and house value inflation remains high. Continue reading