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Statistics New Zealand yesterday released data showing that New Zealand’s net wealth has passed $1.5 trillion courtesy of soaring property prices:
New Zealanders’ wealth rose at its fastest pace in a decade, mainly driven by rising property values, Stats NZ said today.
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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.