You could be right actually
This was posted on the National Business review today
http://www.nbr.co.nz/article/propert...rket-nr-180007
So If this whole situation is being caused by an influx of money from China then it will be pretty obviously in a few months
Interestingly I went to a few Auctions this week... there was a lot of desperate people if body language is anything to go by.
We watched in disappointment at one house listed in the 400 K search range that had a reserve of 600 K... unsurprisingly no bids!
To make matters worse when the place didn't sell and the Auctioneer was pretty condescending about it... I feel sorry for those who's dreams had been crushed