David Cohen

Could New Zealand’s property bubble bring down Jacinda Ardern?

The news this week that the price of an average UK home has hit £260,000 came as a bit of a jolt for New Zealanders. Kiwis who obsessively follow such matters were left wondering how even property in London can be cheaper than buying a house over here. The average home in New Zealand costs £520,000, and significantly more again in either of our two major cities, Auckland and Wellington.

Already a subscriber? Log in

Keep reading with a free trial

Get your first month free when you subscribe. After that it’s just £1 a week for full website and app access. There’s no commitment, you can cancel any time.

Offer ends in: ${days} days ${hours} hrs ${minutes} mins ${seconds} secs

Unlock more articles



Ends tonight:
10 weeks of unlimited digital access for £1

Join the conversation with other Spectator readers. Subscribe to leave a comment.

Get 10 weeks of online and app access for just £1. That's a saving of more than 80% off the usual rate.

Already a subscriber? Log in