PHOTO: MAARTEN HOLL/STUFF New Zealand’s property market has had a soft landing.
Warnings of New Zealand’s property market becoming a bubble destined to pop look to have been proved unfounded – for now, anyway.
Two years ago, New Zealanders were being warned to brace for a sharp downturn in prices, which commentators said had become unsustainably stretched in relation to incomes.
Now, the latest QV House Price Index indicates that the market is righting itself by going nowhere for the time being. In theory, that should fix affordability concerns as incomes rise.
READ MORE VIA STUFF