Which way will the property market go now?

[peetter]

There is massive inequality of opportunity - we don't even have an inheritance tax. How can a society be equal when people can get a free ride from their parents work, on top of all the other advantages to coming from a rich family?

I fail to see how somebody's parents working smart and hard and passing something to children is anything wrong? There's plenty of opportunities to do this nowadays. My parents had nothing, gave me nothing and I am on my way to retire by 45. I do it by sacrificing and working harder than others. Anyone can do it, literally anyone. I came here, had nothing, lived in car and worked at kiwi orchards. 5 years later I own my own property and invest in stocks.

There is full equality of opportunity. If you're poor in NZ, it's by choice. That's a fact. Coming from post soviet country, I can tell you anyone living on minimum wage in NZ is rich. Living here is a breeze.