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Chalmers says house prices have fallen before after periods of ‘extraordinary’ growth
Chalmers was asked about a fall in house prices across the country as major tax changes begin to bite.
Investment in housing is a long-term investment. People don’t make investments in housing from day to day or week to week, month to month. And so, from time to time, you will see movements in prices like these.
But housing is a long-term investment, and we continue to expect over the course of the coming years that prices will continue to rise, but more modestly than before.
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