New Zealand House Sales Jump as Finance Minister Warns on Prices

New Zealand House Sales Jump as Finance Minister Warns on PricesNew Zealand house sales rose to the highest in almost six years as prices surged, adding to a property market boom that Finance Minister Bill English said might trigger an earlier increase in interest rates. House sales climbed 11 percent from March ...See all stories on this topic » first-time buyers priced out of marketAs a result, potential home buyers in major capital cities were being put off from plunging into the property market. "In some of the major markets, such as NSW and Western Australia, over half the people who want to buy can't because they can't afford ...See all stories on this topic » Part of extra budget to boost housing market: ministerThe government is considering drafting an extra budget

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