NZ house prices remain flat as buyers retain the upper hand
New Zealand’s housing market has taken another step backwards.
Property values have now fallen for six months in a row, with the national median value dropping below the previous cycle low.
And while buyers have more choice and bargaining power, there’s still little sign of a sharp rebound - with high mortgage rates, economic uncertainty and plenty of houses on the market keeping a lid on prices.
So, what’s happening in the housing market, and how much longer could this subdued period last?
Today on The Front Page, Cotality NZ chief property economist Kelvin Davidson is with…
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