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Earlier this week was talking to an Auckland buyer ( going to a lot of auctions & missed out on a couple of properties due strong bidding ) who said the Auckland market has really ignited again with these low interest rates, dozens of people at open homes & property prices going up at rate of $20,000 per month. (this in the around $1M category).
Looks like there's a revaluation of retirement sector which was so unloved in flat property market.
Makes sense why Adrian Orr has not removed LVR's if market has taken off again.
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