yes that's right, no CGT for owner occupiers in Oz
from what I have read thus far, NZ is hanging on, it fell around 10% through 2008 and Auckland rebounded 2% in Jan but volumes are low and unemployment is expected to rise
http://www.interest.co.nz/ratesblog/index.php/2009/02/27/house-prices-to-fall-over-2009-wont-rise-until-sales-up-for-some-time-asb-says/
