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IrelandNZ resale losses don't mean panic, Alexander tells Ryan Bridge
The NZ Herald interview contrasts a flat New Zealand market with falling Australian lending, before turning to Auckland's growing housing supply.
nzherald.co.nz
Story of Why this story? One of nzherald.co.nz's most watched videos since yesterday, with 7,702 views.
'They have spat the dummy': The drastic drop in the Aussie housing market | Ryan Bridge TODAY
Things we can learn from the video
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- 0:00Bridge presents resale-loss figures, with apartments accounting for the highest share of properties sold below their purchase price.
- 1:21Alexander says annual sales volumes match long-term averages, supporting his description of a flat market rather than panic.
- 2:07Australian lending has fallen sharply; Alexander points to investor tax changes, negative-equity fears and cautious parents.
- 3:15Alexander identifies investor interest in Southland and Central Otago, contrasting it with Queenstown's price barriers.
- 4:00Auckland's townhouse supply leads into an argument that zoning reform and more construction can restrain house prices.
More New Zealand homeowners are selling for less than they paid, but economist Tony Alexander cautions against reading that as a market in panic.
In the NZ Herald's Ryan Bridge TODAY interview, Bridge presents Cotality figures showing roughly 16% of homes resold in the September quarter made a loss, the highest share in fourteen years. Apartments were particularly exposed: almost half sold below their purchase price.
Alexander describes a flat market in which some owners have stopped waiting for a recovery and decided to move on. He says annual sales volumes remain in line with their long-term average, rather than showing widespread distress from interest rates and cash-flow pressure.
The Australian portion concerns a different measure: sharp falls in lending to buyers and investors. Alexander attributes the caution to tax changes affecting investors, fears of negative equity and parents becoming more reluctant to help their children buy. He predicts a recovery next year, though that is his forecast, not an established turning point.
Back in New Zealand, he identifies investor interest in Southland and Central Otago, while describing Queenstown's prices as a barrier. Auckland's expanding supply provides another explanation for subdued prices: Alexander points to townhouse construction enabled by intensification policies.
The discussion closes with Bridge and Alexander agreeing on the importance of allowing more homes to be built. They cite post-earthquake Christchurch as an example of how additional supply can restrain price growth.
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- Channel
- nzherald.co.nz
- Subscribers
- 223,000 ▲ 1,000 this week
- Channel views, last 7 days
- 2,568,286
- Channel views, pace per day
- 597,571 (on a normal day: 247,487)
- Video published
- November 11, 2026
- Video views so far
- 7,702 (less than a day online)
- Video views, pace per day
- 14,997
The numbers
The housing interview drew about 7,700 views since yesterday, the largest audience among the NZ Herald's new uploads.
💡 Test your knowledge
Which property type had the highest share of resale losses in Bridge's opening figures?
The opening graphic shows apartments had a higher share of loss-making resales than townhouses or standalone houses.