Median prices for residential property across New Zealand increased from NZ$635,000 in February last year to a record NZ$780,000. Photo: Xinhua Median prices for residential property across New Zealand increased from NZ$635,000 in February last year to a record NZ$780,000. Photo: Xinhua
Median prices for residential property across New Zealand increased from NZ$635,000 in February last year to a record NZ$780,000. Photo: Xinhua
New Zealand

Kiwis are behind New Zealand’s runaway house prices, not buyers from China or Singapore

  • Ultra-low interest rates and post-pandemic demand have pushed house prices up 23 per cent in the past year, prompting new regulation to curb speculation
  • While buyers from Japan, Singapore and the Philippines are keen, most supply is being snapped up by New Zealanders owning multiple properties

Topic |   New Zealand
Median prices for residential property across New Zealand increased from NZ$635,000 in February last year to a record NZ$780,000. Photo: Xinhua Median prices for residential property across New Zealand increased from NZ$635,000 in February last year to a record NZ$780,000. Photo: Xinhua
Median prices for residential property across New Zealand increased from NZ$635,000 in February last year to a record NZ$780,000. Photo: Xinhua
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