When you talk about New Zealand having the highest house prices in the world, what data are you using for this? Because when I search for house price to income ratio rankings, New Zealand isn’t most expensive - statista.com/statistics…
It depends on how you measure it, over what period and whether you use an indexed measure or an actual multiple. Here’s one from the economist to start with. That Statista one is indexed to a time period. https://www.economist.com/graphic-detail/global-house-prices
When you talk about New Zealand having the highest house prices in the world, what data are you using for this? Because when I search for house price to income ratio rankings, New Zealand isn’t most expensive - https://www.statista.com/statistics/237529/price-to-income-ratio-of-housing-worldwide/
It depends on how you measure it, over what period and whether you use an indexed measure or an actual multiple. Here’s one from the economist to start with. That Statista one is indexed to a time period. https://www.economist.com/graphic-detail/global-house-prices