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"Because we aren't adjusting thresholds regularly, fiscal drag means that inflation has affected the ordinary working New Zealanders quite substantially."

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"This is the first time since the survey for September 2021 that all the inflation expectation results have come in under 3%."

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Queenstown property prices

Queenstown and Lake Wakatipu

Queenstown Lakes and Tauranga experience the biggest falls in average dwelling values

New Zealand's average dwelling value dropped another $13,571 last month with values in Queenstown-lakes falling more than $18k

13th Jun 23, 5:00am

by Greg Ninness

New Zealand's average dwelling value dropped another $13,571 last month with values in Queenstown-lakes falling more than $18k

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