‘Housing bubble will burst’

  • New Zealand’s housing bubble is about to burst, former British politician and former Waikato University vice chancellor Bryan Gould says.

“This is not a normal market. We need to stabilise house prices or else it will burst. That’s going to happen sooner rather than later.”

Furthermore, he said Reserve Bank Governor Graeme Wheeler was being weak by not making the banks rein in their lending habits.

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Former British policitician and Waikato University vice chancellor Bryan Gould says the housing bubble is about to burst.

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