I was just listening to Kathryn Ryan on Nine to Noon on Radio New Zealand National.
About 4/5 through.
She started a question with something like "Modest signs of recovery in that market...."
Alan Bollard replied with:
You can listen to the interview here:
About 4/5 through.
She started a question with something like "Modest signs of recovery in that market...."
Alan Bollard replied with:
No no that's just straws in the wind, and gets built up, often by estate agents in whose interest it is to do that, but you're going to get some pockets of positive news, but our view is you would be very unwise to rely much on that. House prices have come off 10% and they have another 10% to go.
You can listen to the interview here:
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