News

NZ ripe to mimic Australian house price slump: expert

Wednesday 26th of May 2004
Sydney house prices, which had doubled over a period of five years, crumbled 7.5 percent in the first quarter of this year and Melbourne prices plunged a "nasty 12.9%.

In comparison, NZ prices have risen 42% over the last five years with Auckland prices up 40% and Wellington prices up 44%.

Louis Christopher, head of market research at Australian Property Monitors, said pr...
Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.