Quote Originally Posted by MARKETWINNER View Post
There was a NZD bubble and it is depreciating rapidly now as it is still overvalued. Similarly we should see housing burst in Auckland after this bubble. Every asset has cycle and property is not immune to external and local shocks. It is time to avoid property in Auckland. Cycle will repeat in a different manner.

My ideas are not a recommendation to either buy or sell any property, security, commodity, or currency. Please do your own research prior to making any investment decisions.
Just because the NZD is depreciating does not correlate with the housing crisis, the NZD is a lot more volatile...
Long term charts, house prices have been in an uptrend ever since... so however, you look at it, fundamentally and technically it is still in an uptrend...