Prices have dropped by up to 30% in some parts of the country – but experts say obstacles to home ownership remain Three years ago, New Zealanders would have it found it almost impossible to imagine the country’s sky-high house prices falling. The market was deemed one of the least affordable in the world , with house prices nearly nine times the average income and supply dismally low. Desperate first home buyers were being squeezed out of the market by cashed-up investors. Continue reading...