property in nz - opinions

  1. 18,578 Posts.
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    Was in Kiwiland this week and on the flight back last night read the Economist regarding the property bubble. Certainly an interesting read. Are there any Kiwis out there or anyone knowledgable about how the NZ property market is faring? I know that Auckland and Nelson prices have shot through the roof as have a lot of coastal values but is this consistent across NZ or fairly patchy? I have seen some pretty fat rental returns on properties in NZ although they are in rural areas. Just interested in opinions. Suspect NZ values will also plateau or fall as exports have been hit hard by the rising NZ$.
 
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