Is the house price crash nearly over?

Is the house price crash nearly over?
House prices in December were down 15% from the November 2021 peak. (Image: Depositphotos)
Jenny Ruth
Economists are sticking to their forecasts that house prices are set to fall more than 20% from their November 2021 peak, but the data is showing the rate of decline has slowed.The latest figures for December show prices were down 13.7% from a year earlier, the same as the annual decline in November, and that took the decline from the peak to 15%, as measured by the Real Estate Institute’s house price index.That’s a little surprising to me because the Reserve Bank of New Zealand (RBNZ) hiked its official cash rate (OCR) by an unprec...

More Economy

Monthly CPI tech takes Stats NZ into the future
Economy

Monthly CPI tech takes Stats NZ into the future

Budget funding for new inflation-reporting tech is a giant leap forward, agency says.

Corporates think NZ 's on the up: Forsyth Barr
Primary Sector

Corporates think NZ 's on the up: Forsyth Barr

The Pulse of NZ Business survey found construction and retail continue to lag.

Gregor Thompson 25 Jun 2025
S&P/NZX 50 Index opens down after US strike on Iran
Economy

S&P/NZX 50 Index opens down after US strike on Iran

NZD/USD also under pressure as investors seek safe haven. 

Rebecca Howard 23 Jun 2025