House prices are predicted to soar back to post-covid highs sooner rather than later.
OneRoof-Valocity research predicts average property values will return to February 2022 highs of just under $1.1 million in the third quarter of 2025.
It shows Auckland and Wellington regions will have to wait a little longer.
OneRoof editor Owen Vaughan told Mike Hosking that the research shows that recovery is going to be gradual and steady.
He said that the Reserve Bank saying that interest rates would remain higher for longer provided certainty to the market.
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