New Zealand’s lead advisor to the Government on economic and financial policy expects house prices to increase more than 10 percent in 2022 – after a 29 percent rise in 2021.

Treasury’s latest economic and fiscal update, known as HYEFU, shows house prices are forecast to increase 10.4 percent next year, meaning the median house price – currently $925,000 – will rise to more than $1 million.

Source: Newshub

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