Benchmark
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/BloombergThis article is for subscribers only.
Housing booms in New Zealand and Australia could be putting the neighbors' currencies on course to reach parity for the first time ever.
Both nations have seen house prices surge in recent years, but the underlying causes are fundamentally different, according to Deutsche Bank analysis.