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Property market recovery may take some time

The Reserve Bank may have given the property market a welcome boost in issuing a 0.5% cut in the official cash interest rate this month, but news from the country’s top moneymen suggests that they don’t expect a significant house price recovery anytime soon.

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House prices “still falling”

House prices have been falling this year and continue to do so. This is the assessment of SQM Research managing director Louis Christopher.

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