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Reserve Bank snuffs housing rebound

July 29, 2024 - 14:00 -- Admin

The latest house price data from the Real Estate Institute of New Zealand shows that prices and sales are falling once more after a brief period of rebound: As illustrated in the next chart from Tarric Brooker, New Zealand house prices have now fallen by 16.5% from their peak, led by Auckland (-22.1%) and Wellington

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