Issues

Property Report: The Auckland enigma

Monday March 07, 2016 Nadine Bowen

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Dr Ganesh Nana, chief economist and executive director at Business and Economic Research Limited (BERL), says the gap between Auckland and New Zealand prices is unlikely to be closing anytime soon.

 

"What we've got is an inherent or embedded wedge between Auckland house prices and New Zealand house prices. That discrepancy is accelerating considerably and is becoming embedded in the system. That's what's making the problem even more intractable."

 

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