PHOTO: SUPPLIED – Economist Cameron Bagrie thinks investors are not likely to see the kind of capital gains they saw after 2010.
Aucklanders who have owned their houses since 2010 have reaped billions in equity gains over eight years, emphasising the growing gap between those who own property and those who don’t.
Auckland homeowners have made $164 billion in home equity since 2010, according to a data model from homes.co.nz.
Dr Tom Lintern, the chief data scientist for homes.co.nz, said most of the equity gains occurred in the lead-up to 2015 when price growth reached peaks of 20 per cent per annum.
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