Housing credit surged in May to 'astounding' nine-year high
Defying traditional trends of slowing into winter, housing market activity continues to accelerate. With special feature audio.
Housing credit surged in May to its second-highest ever monthly level, beaten only by the month of March in 2007.
And while more houses became available for sale in June, supply remains tight at record lows and it’s definitely a sellers’ market, other figures show.
Reserve Bank figures show a net
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Jenny Ruth
Fri, 01 Jul 2016
Fri, 01 Jul 2016
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Housing credit surged in May to 'astounding' nine-year high
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