It is not uncommon to hear people talking confidently about how prices only ever go up.
Buyers are told they are on to a one-way bet when they purchase a property – just hold on tight for a few years and you’ll be sitting on a goldmine.
But as recently as eight years ago, homeowners in New Zealand got a taste of what it’s like when that doesn’t happen.
Check out this Stuff article about house price bubbles.
