House price growth set to move beyond Auckland, economist predicts123rf Sheer unaffordability may limit the extent of Auckland's price rises, ANZ says. Auckland is likely to be left out of New Zealand's house price rises over the coming years, a bank economist is predicting. ANZ chief economist Sharon Zollner said the city's recent house price growth had left it with an affordability problem that would keep the brakes on the market. And resurgence in Auckland house prices would put further pressure on this metric, which we don't think is plausible; affordability has its limits." Outside Auckland, house prices have better kept pace with income growth since 2008.

Source: Stuff March 23, 2018 03:00 UTC