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ASB expects an inflation adjusted 20% drop in house prices

Monday 16th of May 2022

The median house price of $875,000 is down $50,000 from its peak in November.

ASB is expecting a 9% decline in national house prices over 2022 with falls continuing into the early part of 2023.

All told it’s about a 12% peak-to-trough decline, says Mike Jones, ASB’s senior economist. “For context, that would only take house prices back to where they were in ear...

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