An economist has forecast Auckland house prices to rise by more than 10 per cent annually, despite a 7 per cent fall over the past few months.
Dickens, a former banking economist who has also been a member of the Reserve Bank’s Monetary Policy Committee, has released a detailed analysis of the market for his clients.
He says that prices rose 14 per cent last year and should continue this trajectory in the near-term. He discounts much of any effect on prices from new Government tax and Reserve Bank deposit changes.
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