Home affordability improves, except i...

Home affordability improves, except in Auckland

There are 3 comments on the Scoop story from Oct 8, 2012, titled Home affordability improves, except in Auckland. In it, Scoop reports that:

Auckland is the only region in New Zealand where home affordability has declined over the past year, according to Massey University Real Estate Home Affordability Report.

Join the discussion below, or Read more at Scoop.

Tweeter

Palmerston North, New Zealand

#1 Oct 9, 2012
No surprise there thanks to our Government pathetic immigration policy .Let in rich turd worlders to keep Aucklands property prices at over valued prices.

It won't last the property bubble will sooner or later go POP and all people living in NZ will suffer the consequences.
Titanic

Napa, CA

#2 Oct 9, 2012
Can't be good to have a property market so out of line with the local wage rate,they can't keep letting immigrants in for ever,then what,mass bank repos maybe,the U.S market is a good example of what can happen.
Tweeter

Palmerston North, New Zealand

#3 Oct 9, 2012
Titanic wrote:
Can't be good to have a property market so out of line with the local wage rate,they can't keep letting immigrants in for ever,then what,mass bank repos maybe,the U.S market is a good example of what can happen.
Well said, Look at Detroit well on it's way to becoming Americas first Ghost City not town.

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