Originally posted by drelly
View Post
In my opinion cheap money was & still is a factor in the Kiwi/Aussie property boom. Real interest rates - the yields savers earn over the actual rate of inflation (not the artificially low numbers provided by government bureaucrats) have been negative for several years now. This will change. Rates will rise as sure as night follows day & that will be what snuffs out the property boom, at least in New Zealand / Australia.
Comment