History has shown us time and again that as interest rates get cheaper houses get dearer. Today in the market we have a new mortgage low of only 5.19% fixed for two years, see www.interst.co.nz and last week we had a new 10 year fixed rate by TSB of 5.89%. These sort of things seriously influence the market but by far the biggest influence is the tsunami of Asian buyers which shows no sign of relenting.