So we all know the main factor for feeding property prices is supply and demand. If there is more demand than supply, then prices will rise. This is why population increases will often increase property prices too.

So now due to so many houses no long habitable in the Christchurch area, should this mean to say that the remaining houses are now of a higher value?

Added to this replacement costs are going to be huge at this stage, not to mention the wait.

So what sort of price should you expect to buy a house for in Christchurch these days? Are we looking 10-15% above RV? How will different suburbs be affected?