New Zealand Economy

NZ is a property bubble with an economy attached

Leith van Onselen
Tuesday 19 December 2017
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By Leith van Onselen

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.