FINANCIAL REVIEW Auckland house prices are up 20pc, or unchanged if you are Chinese
Auckland home prices are up more than 20 per cent in the past year. If you’re a buyer from China or the US, they’re not.
The slump in New Zealand’s currency has made properties in the country’s largest city a bargain for foreigners, creating a headache for central bank Governor Graeme Wheeler, who has been trying to put a lid on the country’s overheated property market.
Published on the 18 August 2015, Director Alan Henderson was asked to comment.