The price of property kept going higher and higher. And just when you thought the ceiling had been reached, prices smashed through as most of us property watchers looked on open-mouthed. It depends who you listen to, but I think the economists at Westpac may have it about right with its figure of 35,000. Then there are our low interest rates. Of course prices won't drop by 12 per cent on New Year's Eve 2019, they will trickle down over the coming months as interest rates trickle up.

Source: New Zealand Herald March 06, 2017 04:30 UTC