New Zealand Economy

NZ housing values surge past $NZ1 trillion

Leith van Onselen
Advertisement

By Leith van Onselen

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

ScreenHunter_17051 Jan. 22 17.01

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:

Advertisement
ScreenHunter_17059 Jan. 23 07.08

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
Twitter Share
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.