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Property prices a hot-button issue in NZ election

As ownership falls to the lowest since 1951, housing affordability is firing up voters ahead of polling on Sept 23

Houses in Lyall Bay, a suburb of Wellington. Home prices across New Zealand have risen 34% the past three years, fanned by record immigration, historically low interest rates and a supply shortage.


WHEN Olivia Hollywood began hunting for her first house in Wellington early last year, she was optimistic that NZ$500,000 (S$491,000) would get her on the property ladder.

After eight months attending packed viewings and watching homes...

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