Jacinda Ardern walks the housing tightrope

Monday 23 October 2017

CoreLogic has released its New Zealand housing market update for September-October, which revealed that the average dwelling value in New Zealand hit an all-time high $641,648 in August, although the annual growth rate had fallen to 4.8% – the lowest level in five years:

CoreLogic also revealed that Auckland’s average dwelling value was $1,041,957 as at August, although it had fallen by 0.2% over the prior three months and was up just 3% year-on-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.