It isn't demand. It's speculation & investment properties (very unwise investments in my opinion, particularly with increasing heat waves). Much of it Chinese billionaires.
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You don't want to be any further out than about 5-6 km and if you have to be then you want to be out 60-75 kms to get regional city/ country lifestyle amenity. Both would be preferable. Everything in between is souless & soul destroyingly bland not matter what the price.
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Big Australia has been & will be a Big Disaster for pre existing non owners and non 1%er young. Australia took 11k millionaires last year - the most in the world. The US took 10k. That's 14 times fewer per capita! They all want same land.
End of conversation
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I'm no fan of Kiwi Labour, but they've banned foreign property speculation?
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