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Interesting article. Thanks for posting it.

I love the area.

Great photos... please don't stop!

That was fun!

Real estate in New Zealand is almost as bad as it's neighbor from across 'The Ditch'. Auctions are certainly a noteworthy part of the problem, but so are things like the Residential Land Release Program in AUS (NZ has a similar program setup). Severely restricting the number of lots made...

Did I just read a commercial break in this thread? Ha ha ha At least it wasn't for Cialis or some 'cash for gold' thing!

Industry groups always skew data in favor of their member's best interests. Individuals should also be highly skeptical of those people/groups that are dispensing information and whose livelihood is dependent on the real estate market rising. It's an obvious major conflict of interest.