Antipodean Housing Booms Could Drive Kiwi to Parity With Aussie

They've come close, but the currencies have never converged.

The suburb of Orakei, home to some of Auckland's most expensive real estate.

Photographer: Brendon O'Hagan/Bloomberg

Housing booms in New Zealand and Australia could be putting the neighbors' currencies on course to reach parity for the first time ever.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.