According to the latest industry reports, the month of May witnessed a further decline in property values across New Zealand, with a decrease of 0.7%. The trend of declining property values continues for the last several months in a row. However, there is a glimmer of hope as the annual rate of change has shown signs of easing, indicating that the current downturn may be reaching its conclusion.
On a year-on-year basis, average property values in New Zealand were down by 10.2% compared to the same month last year, amounting to a staggering $121,000 below their peak. Despite this decline, th
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According to the latest industry reports, the month of May witnessed a further decline in property values across New Zealand, with a decrease of 0.7%. The trend of declining property values continues for the last several months in a row. However, there is a glimmer of hope as the annual rate of change has shown signs of easing, indicating that the current downturn may be reaching its conclusion. On a year-on-year basis, average property values in New Zealand were down by 10.2% compared to the same month last year, amounting to a staggering $121,000 below their peak. Despite this decline, th...
