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As the falls in Australian housing prices continue to grow in size and scope, many Australians are increasingly wondering how far prices could fall before they eventually bounce back.
Across the Tasman in New Zealand, we have a real-life example of what happens when an overvalued housing market takes a dive without policymakers riding to the rescue.
At a national level, housing prices are down 17.1% from their peak in November 2021.
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About the author
Tarric is an Australian freelance journalist and independent analyst who covers economics, finance, and geopolitics. Tarric is the author of the Avid Commentator Report. His works have appeared in The Washington DC Examiner, The Spectator, The Sydney Morning Herald, News.com.au, among other places.
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