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.