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Old 11th February 2008, 22:58     #30
pk_wasp
 
Quote:
Originally Posted by BF Jax
When interest rates go above 15% I'll worry about a crash in the prices here, until then the rate of increase may slow
so true, 10% interest at the moment is pretty easy serviceable, I don't NZ interest rates will rise further, so the property boom will continue unless we get a real local economic shock.
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