Property investors who bought at 2021 peak face losses as housing slump bites

Senior Journalist·NZ Herald·17 Aug, 2026 05:00 PM9 mins to read‌Property investor and trader Emma Hanover says making money from buying, improving and selling homes is far harder than it was during the property boom years. Photo / Mike ScottWill New Zealand’s post-2021 housing slump have the same effect on property investors as the 1987 stock market crash, which scared a generation away from shares? Mike Scott talks to investors in the second of our three-part series on falling house prices.Remember the house flippers? Those operating in the boom before and during Covid who made tens, or even hundreds of thousands, from reselling homes, sometimes without any upgrades.