New Zealand housing market crash warning issued by international ratings agency Moody’s

  • New Zealand is one of four countries most susceptible to a housing market crash due to an explosion in house prices and household debt, an international report warns.

Credit rating agency Moody’s rates New Zealand, Australia, Canada and Sweden as the advanced economy nations most exposed to a housing correction, which could spill over to the broader economies.

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Auckland’s housing market is among the most unaffordable in the world. Photo / Doug Sherring