new zealand, page-2

No, but my brother tells me price in Auckland have actually gone up in the past year or so. Reckons the RE agents have the market rigged to stay high buy selling mostly to a lot of Asian, UK and Sth African investors/occupiers. ie in UK they sell their little shack for a million pounds, buy a mansion on the North Shore for a million NZ$, and put 1.5m in the bank. RE agent says it's 1m, they just buy.