NZ's rampant house prices 'validate' govt moves

NZ's rampant house prices 'validate' govt moves
A mortgagee sale for a three-bedroom house on Matua Rd, Huapai in West Auckland was held in Wednesday.
Brent Melville
House prices continued to track up last month, accelerating to their highest rate of annual growth in 15 years.And for Aucklander John Williams and his partner that meant losing out on yet another housing bid at auction.The couple were hoping to secure their first home this week and have spent months scouring the city for the perfect home.This saw them attending and placing bids on houses at several auctions over the past few months, but luck has not been on their side.Their latest bid occurred on Wednesday when the couple eagerly attended an a...

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