The Rollercoaster Ride of New Zealand's Housing Market
TL;DR Summary
New Zealand's housing market has crashed, with property prices falling nearly 18% since November 2021 due to soaring interest rates, wiping out billions in household wealth. The country's housing crisis has become a top issue ahead of national elections this year, with calls for the government to address the shortage of affordable housing. The problem has defied policy fixes by successive governments, and the politicians know that New Zealanders have a lot at stake in the issue.
- New Zealand House Prices Have Crashed, Wiping Out Billions in Wealth The New York Times
- NZ: The house that fell in price by $1.6m in six months, and other big losses Forex Factory
- Wellington.Scoop » OneRoof.co.nz identifies Wellington’s no-loss suburbs Wellington Scoop
- 0 losses in the last five years: The resilience of New Zealand's housing market Newstalk ZB
- OneRoof property report: Rotorua homeowners who sold January to March make hundreds of thousands New Zealand Herald
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