House prices due to fall - research
New data shows the supply response to New Zealand's housing crisis is on its way.
The data from economic consultants, Infometrics, predicts a 39 percent increase in the number of new housing consents over the next two years.
It also suggests home-building will reach an all‐time record by 2018, eating into the supply shortage.
House prices are predicted to fall by late 2019.
Financial Advisor Martin Hawes joined Paul Henry to discuss what this means for homebuyers.