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New Zealand’s average house price has hit $1 million for the first time:
New figures from OneRoof and its data partner Valocity show the typical cost of a property around the country increased 4.9% in the last three months and 27% since September 2020.
The doubling of the national average property value in less than a decade will put further pressure on first home buyers and push up deposit requirements for many to $200,000 – more than three times the average annual wage…
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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.