Quote Originally Posted by fungus pudding View Post
I agree with longish term, but wouldn't go as far as decades. Maybe one decade, say 10 to 12 years - but it's really no more than a guess.
Yes depending on household income inflation as Kiwis incomes haven't at all grown with Homes values ... Personal I've watched locally homes increase by 50% since 2016
with floating and Fixed rates decreasing certainly helping keep afloat these insane values aka $700-$800k for average family home in areas where tourism makes up the backbone of the local economy (thats now collapsed)