New Zealand House Prices Have Crashed, Wiping Out Billions in Wealth In New Zealand, high interest rates have sent property prices sliding nearly 18 percent since November 2021. Author: Natasha Frost Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to email a link to a friend (Opens in new window)Click to print (Opens in new window)MoreClick to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Tumblr (Opens in new window)