Downtown Auckland, 2005/6. There was a big increase in the number of small apartments available. Prices did fall, and people I know "lost money" because of it.

Downtown Auckland, 2005/6. There was a big increase in the number of small apartments available. Prices did fall, and people I know "lost money" because of it. It was still a great thing for the city. Auckland itself is growing quickly, and the price of houses is (like in many other places) outrageous. Apartment rents are still relatively sane, though.