NZ housing values surge past $NZ1 trillion

Monday, 23 January 2017

With the 2017 Demographia International Housing Affordability Survey showing New Zealand with the second most expensive housing market out of the nine nations surveyed:

We shouldn’t be surprised to see that the total value of New Zealand’s housing stock has also surged through $NZ 1 trillion for the first time, growing by 4.4% over the September quarter of 2016 and by 16.2% over the year:

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.