Figures released by Quotable Value today show that Auckland house prices are up 13.1% in the past year and 34.6% since the last market trough in March 2009. That compares with a 1% decrease in the median family income in Auckland in the past year and an 8% increase since 2009. House prices in Auckland continued to accelerate in the last month despite the Reserve Bank’s announcement of the introduction of Loan-to-Value Ratios.
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Just out today. The usual BS from Labour and the Greens how they're going to control the housing market with a CGT. No one ever put a tax on anything I know of that drove the price down.