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Adrian Orr: Days of skyrocketing house prices are probably over

Author
Newstalk ZB,
Publish Date
Thu, 18 Aug 2022, 8:03am
Reserve Bank Governor Adrian Orr. Photo / Mark Mitchell
Reserve Bank Governor Adrian Orr. Photo / Mark Mitchell

Adrian Orr: Days of skyrocketing house prices are probably over

Author
Newstalk ZB,
Publish Date
Thu, 18 Aug 2022, 8:03am

Home buyers are being urged to think twice about buying a home, in the wake of yesterday's 50 basis point rise to the Official Cash Rate.

Reserve Bank Governor Adrian Orr told Mike Hosking the days of skyrocketing house prices are probably over.

“I want people to be having their brain engaged and thinking really hard about what they’re doing when entering into these markets.”

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