Canterbury Mornings

Christchurch may be losing its status as the country's most affordable city

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Christchurch may be losing its status as the country's most affordable city.House prices are nearly six percent higher than a year ago at a mid-point of just over 500 thousand dollars.OneRoof property commentator Ashley Church told Chris Lynch it's driven by mortgage rates, which could go as low as one percent.Ashley Church says the Reserve Bank won't increase cash rates until the economy is back on its feet.Listen above.