Why Are Houses So Expensive 2024 Nz

Why Are Houses So Expensive 2024 Nz. Otherwise, most of nz’s other main centres appear to be bouncing along the bottom now,” mr wilson said. Improved confidence in the business sector is closely linked to confidence in the property market, so we’re expecting a positive 2024, more big sales and a slow and steady increase in property.

Rising house prices leads to higher household spending, which in turn influences economic activity, employment and consumer price inflation. Median house prices surged nearly 23% over the last 12 months to nz$780,000.