Advertisement
As the debate over Australian housing price falls and the correct approach to negative gearing and the capital gains tax discount on existing homes continues, we have new hard evidence from New Zealand on the impact of housing crashes on demand from various different buyer cohorts.
Of all the major cities in New Zealand, Wellington has experienced the largest price falls since its peak in October 2021.
Since then prices have fallen by 30% and they continued to extend their falls in the latest data from the REINZ.
Advertisement
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
About the author
Tarric is an Australian freelance journalist and independent analyst who covers economics, finance, and geopolitics. Tarric is the author of the Avid Commentator Report. His works have appeared in The Washington DC Examiner, The Spectator, The Sydney Morning Herald, News.com.au, among other places.
Advertisement