Leading economists share their outlook for 2021
"They're almost being forced out of their own homes because the townhouses are going up next door."
The former Reserve Bank Governor painted a grim picture for the future of home ownership in NZ.
The latest data shows there were 50.7 percent more farm sales for the three months ended December 2020, compared to the same period 2019.
The process to becoming a real estate agent takes too long, according to an expert.
Latest Trade Me property data reveals sellers' price expectations in December.
"They're cashing up knowing that they can work from home and change their lifestyle."
The national median price rose by nearly 20 percent year-on-year.
"This is just an unsustainable path."
A property market expert says a prediction house prices will stop rising in 2021 because no one can afford them isn't true.
How do Kiwis manage their money and does it bring happiness?
Values rose quickly in 2020 right up until the end of December despite the recession and pandemic, new figures show.
One property expert believes housing prices will continue to rise, but at a considerably slower rate.
But for some of them the party's about to end.
Six percent more rentals were available in November than a year ago, but demand is up more than three times that.
"You could probably just about put a pin anywhere... and you're going to be pretty safe."
The end-of-year data shows the complete opposite to what was predicted in April.
If you own in these areas, you're in for a big win.
"Policymakers and the public both need to be willing to accept.. gradual real house price declines."