Aussie, Kiwi housing markets in lock-step, UBS says

By Mark Mulligan
Updated May 31 2016 - 1:23pm, first published 12:39pm
More in common than a love of pavlova: Australia and New Zealand's housing markets are also cousins. Photo: Stephen Claxton
More in common than a love of pavlova: Australia and New Zealand's housing markets are also cousins. Photo: Stephen Claxton
Just like cousins.House prices in Australia and New Zealand over the years.
Just like cousins.House prices in Australia and New Zealand over the years.
Policy pairs. Australia and New Zealand interest rate profiles have been very similar.
Policy pairs. Australia and New Zealand interest rate profiles have been very similar.
Population growth patterns have diverged, but the average is the same over time.
Population growth patterns have diverged, but the average is the same over time.

We like to play up our rivalry on the sports field and lampoon each other's cultural traits, but Australians and New Zealanders have a lot in common.

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