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Podcast: The Front Page
Episode: Falling valuations to desperate landlords: What will happen to house prices and rents in 2025?
Description: For better or worse, house prices have been a cornerstone of our economy for decades. But a rise in prices now put home ownership out of reach for many Kiwis. Things could be changing though. Wellington City’s new rateable valuations show that, on average, house values have plummeted 24.4% since 2021. It comes as the city -- which once made headlines for its hotly contested rental market -- now sees landlords fighting to fill their homes. So, is this a nationwide phenomenon, and is the dream of owning your own ho...