ByMikka Pineda In some respects, New Zealand looks more vulnerable to a housing-led financial crisis than the U.S.: New Zealand (NZ) exhibits higher household indebtedness (debt to disposable ...
I’m not talking about the United States—I’m talking about New Zealand. Just as the U.S. has struggled with a housing affordability crisis, so has New Zealand. But the Kiwis have it worse.
Auckland, which accounts for more than 30% of total property sales in New Zealand, is underperforming compared to the national average. In November 2024, house prices were down by 1.3% from a year ...
Loafers Lodge, a four-storey emergency housing hostel in the capital, burned down on 16 May killing five people. The incident has renewed debate about New Zealand's housing crisis as the site had ...