The downside to Auckland’s cooling property market

  • Auckland’s cooling housing market will provide little relief for first home-buyers as interest rates are tipped to rise, amid an estimated 40,000 property shortfall, a New Zealand property expert says.

Property Institute of New Zealand chief executive Ashley Church said the easing of prices was “unlikely to bring much relief to first-home buyers” and would make the housing supply problem in Auckland worse.

READ MORE VIA NZHERALD