John Key: Auckland property prices increasing “too rapidly”

Apr 21, 2015 | News

“Three or four years ago, you were struggling to sell a house in Auckland,” and now there is a huge demand, Key said.

Key said this pattern is not unique to New Zealand.

“There are also very high price increases in Sydney and Melbourne.

“Things are never perfectly straight line in the house market.”

Key said that the government thinks the primary response is on the supply side.

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