New Zealand's housing market watched by international investors for trouble ahead | Stuff.co.nz

Senior equity analyst Michael Kenealy on whether New Zealand's housing market is the canary in the coalmine for international investors. Read: https://bit.ly/StuffNZ-nzhousing | Subscribe: https://bit.ly/2JPg8oB

International investors are increasingly watching New Zealand’s housing market for signs of trouble and as an indicator of things to come, with one Australian financial services firm labelling Auckland the “canary in the coal mine”.

High mortgage debts compared to incomes, house price rises that outpaced every other country studied, and the Reserve Bank’s aggressive steps to fight inflation have resulted in New Zealand’s housing market being the one to watch, according to multiple analysts both domestically and across the Tasman.

READ: https://bit.ly/StuffNZ-nzhousing

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