Originally Posted by
Bjauck
Most countries have a capital or major "international" city, in which house prices are more expensive than the "provinces". NZ is different from most because of the lack of regulation or stamp duties in relation to residential house purchases by foreign based purchasers. In addition Auckland has 31% of NZ's population. Compare that to London, which has about 16% of the UK population and Sydney which has about 20% of the Australian population. It means that native Aucklanders have fewer other NZ options.