3 Feb 2022

House prices rise 2.1pct in a month

From Morning Report, 8:46 am on 3 February 2022

The Organisation of Economic Cooperation and Development is the latest economic authority to predict New Zealand faces the risk of a large fall in house prices.

The OECD's latest survey offers a similar prediction to the ones we have heard in one way or another since 2010.

The problem is, these predictions have not come to pass, with property values climbing again, according to CoreLogic's latest survey - up 2.1 percent in the last month alone.

CoreLogic head of research Nick Goodall does believe a true cooling-off is in store.

He spoke to Susie Ferguson.