Relevant:
- Home Prices down 29% from peak (includes charts)
- New Zealand’s April House Prices Fall 9.2% From Year Earlier
- Australia House Prices Drop for a Third Straight Quarter on Higher Rates
- New Zealand Home-Building Approvals Decline 9.6%, Second Fall in 3 Months
- U.K. House Prices Fall for Third Month in May as Supply Climbs
2010-05-10 — bloomberg.com
"Gains in house prices may be curbed by the prospect of higher interest rates and changes to taxation of investment property that will be announced in the May 20 budget. Finance Minister Bill English has said he may unveil reforms that will prevent investors from claiming losses on their assets against other income."
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