New Zealand housing market 40% chance of going bust, says Goldman Sachs

  • New Zealand’s housing market has a 40 per cent chance of going bust in the next two years, according to global investment bank Goldman Sachs.

In a research note published this week Goldman says the New Zealand’s housing market is the most over-valued amongst the G-10 group of developed economies, Bloomberg reports.

READ MORE VIA NZHERALD

Auckland’s property market has been running hot. Picture / Doug Sherring.