RBNZ begs Kiwis to stop pumping property

New Zealand’s housing market experienced another extraordinary rise in values in October, with values rising 2.1% over the month to be up 28.8% year-on-year, according to CoreLogic. All major markets also experienced extraordinary growth:

Much like Australia, the rise in prices has come off the back of FOMO (“fear of missing out”) and a dearth of homes for sale:

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