Austerity?

Austerity?

4 June 2012

 

Apparently asking prices for property in Auckland hit a new high this week, while the inventory of homes slid to their lowest level in five years.
 
Also this week, the NZ government delivered a budget that clearly shifted more money away from those at the less well-off end of the social spectrum, and made things easier for those at the other end.
 
Putting those two elements together, the above scenario seems inevitable.