Treasury's Half Year Economic and Fiscal Update lays out a rosier than expected scenario for the New Zealand economy over the next few years, with a snappier bounce back from the economic trauma of the pandemic on the cards. But the report also forecasts house prices will continue to rocket skyward for at least the next four years. In fact, the figures predict house prices will grow at roughly twice the rate of wages until at least 2025. Jarrod Kerr is Kiwibank's chief economist.