Prices have dropped by up to 30% in some parts of the country – but experts say obstacles to home ownership remain
Three years ago, New Zealanders would have it found it almost impossible to imagine the country’s sky-high house prices falling.
The market was deemed one of the least affordable in the world, with house prices nearly nine times the average income and supply dismally low. Desperate first home buyers were being squeezed out of the market by cashed-up investors.
