No sign of house prices dipping yet
The annual growth rate hit 18.4% from 16.2% in March, according to the CoreLogic House Price Index (HPI).
CoreLogic research head, Nick Goodall, says it might be a surprise to see property values accelerate last month after the Government introduced the phased removal of interest deductibility for property investors.
However it may take another month or so for these changes to flow through because the monthly index reading includes sales recorded over the past three months.
“We expect a downside impact on housing market growth to become evident over the coming months.”
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