New Zealand’s epic housing boom is nearing its end

Monday 13 December 2021

If you thought Australia’s housing market was mad, spare a thought for New Zealand where the REINZ today recorded 1.1% seasonally adjusted growth in November, with values up an extraordinary 23.7% year-on-year:

Values have also soared across virtually every market across New Zealand:

The median property value in New Zealand is now an eye-watering $925,000, with biggest city Auckland at a whopping $1,300,000.

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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.