- Don’t panic, the housing bubble hasn’t popped. But it has released a bit of hot air.
The latest Quotable Value New Zealand statistics show Auckland house prices fell in the last quarter – a tiny, tiny bit.
It will provide cold comfort for would-be first home buyers. The madness of the past decade – which according to the latest QV estimates has seen Auckland prices rise 91 per cent – won’t be unwound in a hurry.
READ MORE VIA NZHERALD
The housing bubble hasn’t popped, but it’s looking a bit deflated. Photo / Nick Reed