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The REINZ has released its house price index for January, which recorded a 2.2% monthly decline:
This follows the 1.6% decline recorded in December.
Over the year, New Zealand house prices still rose by 20.5% year-on-year.
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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.
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