Reported 2 days ago
A Reuters poll of housing experts predicts that New Zealand home prices will increase by around 5% over the next two years after a 19% drop due to the pandemic. The forecast follows interest rate cuts from the Reserve Bank of New Zealand aimed at boosting economic recovery. However, rising rents are anticipated to outpace inflation, making home purchasing challenging for first-time buyers. Despite some optimism in the market, affordability remains a significant hurdle, especially in cities like Auckland.
Source: YAHOO