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Kiwi Houses Too Pricey? Or Has Someone Been Fudging The Maths?

New Zealand Houses Are Overpriced Figures published by The Economist this month suggest that New Zealand house prices are grossly overpriced. Basing its claims on a comparison between local property prices and rental prices, The Economist concluded that Kiwi homes are 66% over valued, second only to Canada (at 77%). Unsurprisingly, this figure has set off a flurry of media commentaries on ... read more

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