"New Zealand only a stones throw away has been enjoying the same recession proof economy as ours until recently"
I disagree with that hobo
NZ had a far worse reaction to the GFC than did Australia
House prices dropped there more and they did have a recession.
imo NZ has been more a one horse pony than Aussie regarding property.
eg: our much larger resources sector, and more investment in direct shares, also our SUPER been goig for ages, NZ hasnt had one until very recently.
imo they are much more fagile than Oz.
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