KEY POINTS:
House prices are overvalued by about 30 per cent, BNZ economists are warning.
They said no moves should be taken to increase the supply of houses when the market is diving. The bank is stopping short of saying house prices will fall by 30 per cent but says on a number of different measures that is how much prices are above trend.
Are house prices now on a downward spiral? Here is a selection of Your Views:
