Originally Posted by
TeslaGod
Since I obviously own the most property on this forum I believe I have the most insight and expertise on this matter.
1 million for a house in a wealthy developed nation like NZ is a bargain.
As technology advances, productivity will increase, this will drive down consumer price inflation.
As the cost of living becomes cheaper by the end of the decade, the excess cash will flow into asset prices like property, shares.
The average Auckland house price will hit 8 figures over the next few decades.