Sep 13 • 11M

Housing slump ending in Auckland

Bleeding edges of Auckland and Wellington city house price slumps bottoming out 17-23% below the late 2021 peak; Food price inflation eases in August; Slight rise in US inflation unnerves investors

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TLDR: House prices are bottoming out in the ‘bleeding edge’ markets of Auckland City and Wellington City. ‘Team Transition’ had a bad night as US inflation data was hotter than expected, which drove global share prices down 4-5%.

House price deflation bottoming out at bleeding edges

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