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.

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