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Amongst the usual review of weekly data and preview of the RBNZ OCR call this week, Nick and Kelvin also take a look at the RBNZ's latest paper on flooding exposure of the banking system. A couple of key insights extracted by Kelvin are:

• Property prices could fall 80 – 100% in the most extreme cases in NZ in the event of a large coastal flood – due at least in part to insurance withdrawal.
• 25% of Auckland mortgages are vulnerable to a 1-in-100-year rain/surface flooding event.

Tune into all that and more in this week’s NZ Property Podcast. 

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This podcast is for educational and entertainment purposes only and does not constitute financial, legal, or tax advice. The hosts are not licensed Financial Advice Providers in New Zealand. All information is of a general nature and does not take into account your personal situation or goals. Please consult a qualified professional before making any financial decisions.