New Zealand economists believe Auckland’s housing market could follow similar trends to major Australian cities and experience price drops.
Sydney house prices are down 5 per cent according to CoreLogic figures, and Melbourne prices are down half a per cent for the first time in six years.
ANZ chief economist Sharon Zollner said she was watching the New Zealand market with interest because of what was happening across the Tasman Sea.
“Another risk has emerged on the horizon and that…
Source : South China Morning Post
Read more…Housing market in Auckland could see similar price drops as Australian cities















