A look at New Zealand's affordable housing crisis and the way house prices have changed relative to incomes over time. Video / Paul SlaterA look at New Zealand's affordable housing crisis and the way house prices have changed relative to incomes over time. Video / Paul SlaterNational house prices rose less than 1 per cent from May to June and sales volumes dropped 5 per cent. Real Estate Institute data showed May's median prices of $817,500 rose only to $820,000 in June, up just 0.3 per cent. Westpac economists have been forecasting house prices to flatten off this year, as a result of the changes to the tax treatment of property investors.

Source: New Zealand Herald July 12, 2021 21:50 UTC