Low interest rates and not enough building have causd prices to increase, of course, just like anywhere else but there was another factor. For some inexplicabl

Low interest rates and not enough building have causd prices to increase, of course, just like anywhere else but there was another factor. For some inexplicable reason they decided to remove the LVR requirements for lending in response to covid. This suddenly caused a huge surge in ability for people to buy houses that were previously not able to.