8:26 pm today
New Zealand's biggest bank says it's unlikely that New Zealand will experience the same increases in house prices over the next 30 years, as it did over the last three decades.
ANZ's economists have looked at what house prices might do into the longer-term future in their most recent property report.
They said, since 1992, according to the Real Estate Institute House Price Index, New Zealand house prices had grown an average annual rate of 6 percent a year up to 2025.
That was higher than seen in most other countries over the period - of "advanced economies" only Norway and Iceland have faster growth. Australia was just behind. Prices were running at a rate of 7.5 percent until the recent price falls.
