Property in New Zealand overpriced?

Read this morning a great article I found via www.propertymash.com. This is a website that we run that amalgamates the best property news from Australia, New Zealand, the Middle East and Europe so that you can easily find important information of interest to property professionals.

One great article I found today on www.propertymash.com is this one – http://blogs.nzherald.co.nz/blog/show-me-money/2009/5/17/graphic-proof-house-prices-are-overvalued/?ref=rss&c_id=8 from the New Zealand Herald dissecting a recent Reserve Bank paper. In essence it explains why the Reserve Bank believes NZ property is still too expensive. If you are a property owner or investor in New Zealand it is well worth reading.

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