Why are Aucklanders seemingly tripping over each other to invest in real estate?  An interesting analogy but one I am not buying into.

From “The Little Black Book” Series.

I would like to challenge Dr Ganesh Nana the BERL Chief Economist on that statement, “We cannot survive on a property bubble. We cannot survive on an economy based on property.”

Standing in the middle of the road is very dangerous as you could get knocked down by traffic from both sides.

QV figures show property values higher than one year ago - banks start increasing interest rates - housing is set to become less affordable.

Just what is going on in the real estate market?  Is the recession over or not? One minute the reports come out that there is a surge in house sales, prices are increasing, houses are selling much faster, then the amber light starts flashing on the message board;

A comment posted on one of Bernard Hickeys Blogs in the New Zealand Herald on the weekend led me to change what I was going to write about this week as it was so far from the truth.

It read like this;

NO we will not loan you more money.

Invest in a rental property, form an LAQC and reduce your personal tax. Little wonder so many are doing it.
 

Is it nationwide or is it simply a case of big spending Aucklanders throwing their money around?

A headline More Buyers than Property came to my attention on the weekend but really did not go on to explain how this came about.

Are Banking Consultants and Mobile Mortgage Managers being encouraged to sell life insurance to meet sales targets and to qualify for bonuses?