Markets collapse in Australia and New Zealand

Bangkok Until recently, Australia and New Zealand were at the forefront of the global real estate boom. Now the prices in the two countries in Oceania are falling more than anywhere else in the world. Anyone who bought a house in the New Zealand capital, Wellington, half a year ago has already made significant losses, at least on paper: the average house value in the metropolis in February was 995,000 New Zealand dollars – the equivalent of around 600,000 euros – it is now dropped to 780,000 New Zealand dollars.