Foreign buyers estimated at 29%

[JBmurc]

I doubt new generation in NZ can afford to buy their first home except few. I find serious housing market issues in many countries such as UK, New Zealand, Australia and Canada etc. We find similar situation in some Asian countries as well. Definitely,we should see some sort of crisis during next five to 10 years.

best outcome imho is a small 10% pullback and a flat market for as many decades as we need to see incomes to catch up .... worst is a major crash of course with all the pain that will course be affected on average kiwis....