According to the Real Estate Institute of New Zealand (REINZ), New Zealand house prices have fallen around 5% since November 2021, led by Auckland where prices are down 10%. Westpac has also forecast a peak-to-trough decline in New Zealand home values of 15%, which would equate to a 25% real fall once inflation is taken
The post Losses “snowball” across New Zealand’s housing market appeared first on MacroBusiness.
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