New Zealand property prices expected to increase (BNZ)

“the underlying drift in real estate activity and prices is upward as the labour market improves and awareness of a worsening housing shortage increases…Our expectation is that prices on average will move higher over the next two to three years driven in large part by a strengthening labour market and inability of rising construction to make much dent in a housing shortage we now estimate to be approaching 45,000 units.” (BNZ Real Estate Overview June 2011) Read this and other articles about the New Zealand property market here  http://www.nzpbi.co.nz/welcome-to-your-nz-property-investment-resource