A mix of high residential construction levels and a falling population has proven a bit of a nasty cocktail for Auckland house prices. But they're the same factors that will usher in the region's recovery.
My own experience of two first home buyers 13 years apart shows that servicing hasn’t changed all that much. It's as hard today as it was 13 years ago. But what it doesn’t show is the sizeable part of our population that are locked out of the housing market altogether.
When it comes to discussions about housing in New Zealand it is almost heresy to say anything other than that there is a housing shortage, a housing crisis.
The Auckland market is in a state of flux. So, what is some of the data telling us about house prices?