Home buyers feel pain of property price slump from 2021 market peak

Senior Journalist·NZ Herald·16 Aug, 2026 05:00 PM11 mins to read‌Even though Pitney would like to own and also live in his own home, it would take an "economic miracle". He is more likely to investment in the stock market rather than property. Photo / Mike Scott They bought at the property price pinnacle expecting to get ahead. Now years later, some home owners who entered the market during the frenzy of 2021 are struggling with equity losses. We talk to peak buyers in the first of a Herald series on New Zealand’s stalled property market, asking