Bernard Hickey: Social cost in high house prices

  • It’s easy to assess the value of an asset in a liquid and rising market, but the future liabilities are not so easy to see.

Auckland’s stratified median house price, which strips out the noise from an unusual number of sales in high or low price brackets, rose 3.4 per cent last month, to $937,100.



Increasing numbers of Aucklanders are forced to rent instead of buying and the Government is already subsidising 60 per cent of rental properties. Photo / Nick Ree

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