Why Australia’s house price drop won’t happen here

*Watch the full interview in the video player above*

Kiwibank chief economist Jarrod Kerr explains why he thinks the big falls in Australian house prices won’t happen here.

Kerr says a combination of oversupply, withdrawal of foreign buyers and lower levels of lending by Australia’s banks after a Royal Commission into their misconduct has led to the price drops occurring in the major cities.

The same forces are not impacting the New Zealand property market.

Kiwibank is a founding sponsor of

Help us create a sustainable future for independent local journalism

As New Zealand moves from crisis to recovery mode the need to support local industry has been brought into sharp relief.

As our journalists work to ask the hard questions about our recovery, we also look to you, our readers for support. Reader donations are critical to what we do. If you can help us, please click the button to ensure we can continue to provide quality independent journalism you can trust.


Newsroom does not allow comments directly on this website. We invite all readers who wish to discuss a story or leave a comment to visit us on Twitter or Facebook. We also welcome your news tips and feedback via email: Thank you.

With thanks to our partners