California Home Prices Are Soaring. Here’s Why: houses as expensive as Wellington’s

Advertisements

.@nzfamilies commission estimate of cost of zoning

.@PhilTwyford @JulieAnneGenter finest hour on housing affordability

When did a house become an investment? 40% price crash has happened before!

The Resource Management Act was passed in 1993.

image

Source: Elizabeth Kendall, New Zealand house prices: a historical perspective, RESERVE BANK OF NEW ZEALAND / BULLETIN, VOL. 79, NO. 1, JANUARY 2016.

Note that there is considerable regional variation in housing prices in New Zealand.

image

Source: Property Prices in New Zealand | New Zealand Real Estate Prices.