Introduction

New Zealand house prices have fallen 2.2% on average in the last three months. If you bought a million dollar investment property about three months ago, your price has dropped by $56,000. Some areas are going to do better than the New Zealand average and others will do significantly worse. The time that you decide to go into that market is going to depend on which specific property market in New Zealand you were actually best to get. And so as we'll see before, if you bought in Wellington, the price of your property is dropped by 5.6%, but it's down 0.4%.