Industry Articles

Property · Building · Design

Five years of gains wiped out! House prices return to 2020 levels and stock hits an 11-year high — is New Zealand’s housing market only beginning its real test?

In February 2020, New Zealand had yet to enter lockdown, the Official Cash Rate was at a historic low and the property market was operating steadily. Now, six years later, the latest figures show house prices in 20 suburbs nationwide have returned to pre-pandemic levels, while another 84 have recorded gains of less than 10% over six years.

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