A rising property market hides a multitude of sins; in particular it masks overspending because many people put their overspending onto their mortgages. Unless intervention comes quickly, we are in for a crash, according to leading financial personal trainer, author and principal of financial advisers enableme, Hannah McQueen. To do this, you need to get your house in order," McQueen says. Immigration is too high, property supply is too slow, interest rates are low and the cost to build gets more expensive every year, she says. "Now is the time to get your house in order, especially if the said house is worth more than $1m as you will be the one in for the bumpier rides when a correction takes place.

Source: New Zealand Herald July 27, 2016 16:52 UTC