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flag New Zealand's house prices drop 17%, with the PM aiming to make housing more affordable.

flag New Zealand's house prices have fallen by over 17% from peak levels, returning to pre-pandemic levels despite interest rate cuts. flag Prime Minister Christopher Luxon aims for modest increases and emphasizes making housing more affordable through wage growth. flag An announcement on the ban of foreign buyers is pending. flag First-time buyers are taking advantage of lower prices, while investors are also returning to the market.

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