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NZ: Investor adds to rising housing market predictions

Posted on 04 March 2013

Veteran property investor Olly Newland is backing a prediction that the housing market will rise for another three years. The prediction was made by the chief economist of the BNZ on 3 News last night. Mr Newland is sceptical about most ideas for reigning in the market, but he has some ideas for helping one group of buyers.
The Auckland property market has risen faster than anywhere else in the country, which is a problem if, like Shelley Wilkinson, you are trying to sell your house in Wellington to buy a home in Auckland. “It just never quite got high enough for me to match what I wanted to buy up here,” says Ms Wilkinson………………………………………..Full Article: Source


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