Hamish Douglas is Chief Financial officer of Magellan Asset Management, a fund that has performed admirably for a number of years and which I have personally recommended when I was an active investment adviser to the advantage of clients at the time.. His comment is worth considering. Jonathan Tepper is also someone with whom I have high regard so it will pay to listen up.

I wonder just hom much the Auckland housing market mirrors what is happening in Australia. Pretty much the same I would think

Jonathan Tepper, a UK based economist and founder of research house Variant Perception, is convinced Australia is in the midst of “one of the biggest housing bubbles in history”.

Source: The charts that suggest the housing bubble is out of control