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NZ Housing Market Shows Signs of Normalcy | Auckland News
New Zealand’s housing market is finally cooling down—prices and rents are falling, incomes are rising, and mortgage rates are dropping, making homeownership and renting more affordable again. Tauranga is now the least affordable major city to buy in, while Wellington is the cheapest—but surprisingly, it’s less stretched than places like Christchurch or Dunedin. Renters are also breathing easier as weekly rent as a share of income returns to normal levels. Inflation is easing too, with gas, food, and rent prices stabilizing, though the Reserve Bank still plans a rate hike on September 2nd. The…
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