Aggressive banks drive housing boom
The residential housing boom was back on the Herald front page on Tuesday with the bold headline "Homes selling at record speed".
Sunday, September 28th 2003, 5:49AM
by The Landlord
The continuous stream of record housing figures in New Zealand and many other countries has become a huge media story. It is front-page news in Timaru, Nelson and Auckland, a leading television news item, a major topic of conversation in pubs and at the dinner table and most taxi drivers are experts.
There is no doubting that we are in the midst of a major bull market in residential housing, but what are the main reasons for the boom and what will be the catalysts, if any, for it to end?
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