Houses look good compared to shares

New Zealand’s booming housing market is part of a global trend but, unlike the US, Britain and Australia, we aren’t suffering a "bubble" market, at least not yet, according to Bank of New Zealand.

Thursday, July 11th 2002, 8:25AM

by The Landlord

Fears that the global residential property bubble may be near to bursting are growing, particularly in the US where only the buoyant housing market has kept consumer confidence positive in the face of carnage in equities markets
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