Will NZ house prices crash?

In the biggest annual decline since the global financial crisis (GFC), Auckland house prices were down 1.5 per cent over the 12 months to March 31 this year. But no need to panic about a crash just yet, according to property researcher CoreLogic.

After holding steady for the past 18 months, house prices across Auckland fell in December with QV reporting average house prices down 0.4 percent year-on-year. Barfoot and Thompson data also reflected a house price decline of 0.8 percent in December on 2017. ... "Prices are now starting to go backwards.