New Zealand's housing market looks set to implode

CoreLogic's last House Price Index for 2020 shows properties nationwide increased by 2.6 per cent over December.

It takes growth in the final quarter to 6.1 per cent -- a rate only matched by February 2004's final boom of 6.6 per cent.

Head of research, Nick Goodall warns the rate we're going, can't be sustained over this year.

He says something has to give, and it probably will when nobody can afford the asking prices anymore, and demand drops.

Or - Nick Goodall says - there will need to be some regulatory influence - such as the Government's idea to extend the brightline test.