Auckland housing market

[BFG]

They’ll all go when they do faster than they come;

http://www.nzherald.co.nz/business/n...ectid=11391731

Attachment 6710

Looks like the bubble merchants are starting to spring up to take advantage of the market. No doubt the vast majority of these listings will be in Auckland where they can cream the most off as quickly as possible.

The higher it goes, the more spectacular the implosion...

[MAC]

Looks like the bubble merchants are starting to spring up to take advantage of the market. No doubt the vast majority of these listings will be in Auckland where they can cream the most off as quickly as possible.

The higher it goes, the more spectacular the implosion...

I just wonder too Moosie how many will be exposed to taxation that they are not necessarily aware of and how much the IRD are watching the bubble formation right now also. Inc foreign investors whom may have assumed that there is not any capital gain treatment here.

Anyone buying now and selling out quick within 12 months may very well find the IRD man on their tails.

http://www.ird.govt.nz/property/prop...comes-dealing/