Auckland housing market

[NeverQuestion]

Looks like it might be over already.
http://www.interest.co.nz/property/7...towards-summer

You could be right actually

This was posted on the National Business review today

http://www.nbr.co.nz/article/propert...rket-nr-180007

So If this whole situation is being caused by an influx of money from China then it will be pretty obviously in a few months

Interestingly I went to a few Auctions this week... there was a lot of desperate people if body language is anything to go by.

We watched in disappointment at one house listed in the 400 K search range that had a reserve of 600 K... unsurprisingly no bids!

To make matters worse when the place didn't sell and the Auctioneer was pretty condescending about it... I feel sorry for those who's dreams had been crushed