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Live updates, June 25-27: Level two extended for 48 hours in Wellington; Australia bubble paused

Welcome to The Spinoff's live updates for June 25 (extended to take in key developments across the weekend), bringing you the latest news updated throughout the day. Get in touch at stewart@thespinoff.co.nz

We’re doing our utmost to keep you updated on all the Covid-19 coverage. We can’t do it wi ....

Northern Territory , Wellington Region , New Zealand , New South Wales , New Zealand General , City Of , United Kingdom , Australian Capital Territory , New Zealanders , Ashley Bloomfield , Bernard Hickey , Mike Pero , Damian George , David Seymour , Kris Faafoi , Gladys Berejiklian , Herald Hamish Rutherford , Chris Hipkins , Herald Georgina Campbell , Jacinda Ardern , Andrew Bayly , Wellington City Council Wgtn , Recovery Fund , New South , Free Travel , Tuesday June ,

If house prices fall, will the sky fall too?


If house prices fall, will the sky fall too?
14 May, 2021 05:00 PM
12 minutes to read
What would happen if house prices fell? Photo / Sylvie Whinray
House prices were supposed to fall last year. Everybody said they would: almost all the economists and property people, the politicians and the business writers. Even while prices were rising faster than they had for
decades, the commentators kept on saying it would soon come to an end.
For a moment, they were almost right. In May, the median house price fell 8.8 per cent: the largest fall in a single month for decades. But then prices surged again. By September they were rushing past the April peak and they just didn t stop. ....

Hawke Bay , New Zealand General , New Zealand , United Kingdom , New Zealanders , Brad Olsen , Peter Nunns , Ashley Church , Paul Conway , Arthur Grimes , Nick Goodall , Herald Hamish Rutherford , Michael Gordon , David Nagel , Sharon Zollner , Gareth Vaughan , Jacinda Ardern , Ashley Church At Oneroof , Real Estate Institute , Price Index , Global Financial Crisis , Prime Minister Jacinda Ardern , Reserve Bank , Hamish Rutherford , Prime Minister , Great House Price Crash ,