NZ Real Estate...10 Year High

Predictions of up 10% in next 10 months..

Average price in Wellington $400 000....10% is $40k, 10 months, $4k a month, up $1000 a week.

What prat keeps saying property is not a gopod place to put money?

Thanks here to "Scoop"

Nov. 13 (BusinessWire) – New Zealand house prices hit a 10-year high for the month of October amid a decline in the volume of sales as fewer properties are put on the market.
The national median house price rose to $355,000 last month, from $350,000 in September, according to the Real Estate Institute, with the median value increasing in seven of the 12 districts surveyed. The volume of sales declined 5.8% to 6,091 from a month earlier as the shortage of properties continued to keep Spring listings low and helped bump up prices.
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“The rises aren’t, in most cases, dramatic, but slow and steady over the past few months as confidence returns to the market,” said president Peter McDonald, in a statement. “I believe the market will firm even further with the better economic news we’re hearing more and more frequently.”