Kiwis escape to Australia for affordable housing

Friday, 12 March 2021

You know New Zealand housing is deranged when there is talk of Kiwis escaping to Australia for affordable housing.

But that’s exactly what commentators think could happen given the extreme price growth being experienced in New Zealand, which saw median prices surge 27% year on year in February, according to the Real Estate Institute of New Zealand (REINZ):

NZ house price growth has gone vertical.

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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.