'We can't hold on any longer. We're selling.'

The Kākā by Bernard Hickey · Feb 24, 2025 · 13m

Long stories short, the top six things that stood out to me in our political economy around housing, climate and poverty on Tuesday, February 25:

* The slump in housing land prices has gone on for three years and the Reserve Bank last week further lowered its forecast for house prices, meaning prices aren’t expected return to their December 2021 peak until mid-2028 at the earliest;

* That near-seven-year-long peak-to-trough-to-peak cycle would be double the 3.5 years that the housing market took after the 2008/09 Global Financial Crisis to recover to its pre-crisis peak, and this time around…