What will the America's Cup in NZ mean for your house price? New Zealand could get a billion-dollar boost from the next America's Cup, but homeowners are being warned that they shouldn't expect a regatta on local shores to mean a big house price increase. But ASB chief economist Nick Tuffley said New Zealanders - and Aucklanders in particular - expecting an equity boost from soaring house prices could be disappointed. The same happened to a lesser extent in 2000, although house prices in the city were falling at the time, she said. "But there were larger, more fundamental drivers that were also at play at the time of each America's Cup event.

Source: Stuff July 04, 2017 04:37 UTC