PremiumOpinionOpinion byLiam DannBusiness Editor at Large·NZ Herald·13 Jun, 2026 05:00 PM6 mins to readLiam Dann, Business Editor at Large for New Zealand’s Herald, works as a writer, columnist, radio commentator and as a presenter and producer of videos and podcasts.I’ve been depressing people in the past week with a gloomy take on the extent of the current property downturn.It is, when you look at it in inflation-adjusted (real value) terms, the second worst in our modern history.
In Auckland and Wellington, it’s probably the worst.
