New Zealand stopped processing investor visas at a time when the wealthy were lining up to come up here.
A net 62.6% of respondents said they expected economic conditions to worsen over the next 12 months.
The tide may well have turned against housing being a one-way bet for a generation of Kiwis, said RBNZ chief economist Paul Conway.
Sales growth through small businesses is slowing while the wages they pay and jobs they provide are growing.
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