NZ prices hitting record may suggest further AU growth
Property ObserverDecember 7, 2020
In New Zealand, new data shows house prices hitting their record highs, with the Real Estate Institute of New Zealand (REINZ) figures putting it currently at $407,525.
Very disappointing - NZ house prices hit record high https://t.co/kkCDwRNSOM Aust will probably follow NZ, even if LVR caps brought in
— Chris Becker (@cbecker_trader) November 12, 2013
What remains to be seen is whether trader and investment strategist Chris Becker's tweet is correct, with house prices to follow those of our cousins in New Zealand.
Becker believes NZ is a good place to keep an eye on as a barometer for future activity in Australia.
@crisstoff1 thought so - I examine @leithvo and @interestnz NZ price charts v.closely (great leading indicator for Aust property btw) 1/2
— Chris Becker (@cbecker_trader) November 12, 2013