Some realistic forecasts by a Chief Economist Tony Alexander. There is a shortage of houses in Auckland which is going to get worse. With bobbles along the way prices will oscillate upward with a new official upward leg to the price cycle in maybe four or five year’s time. Lets say associated with the Americas Cup and APEC meeting in 2021 for want of anything better to build this cyclical point around. Rising prices eventually also bring rising rents. This is happening in Wellington with extra pressure expected from the new government doing what they normally do and hiring lots of advisors, cardigan-wearers and busy bodies using taxpayer money to tell you how to live your life. Then raising taxes to pay for it. Rising rents in our big cities will also be driven by rising landlord costs and falling rental supply from policies making it less attractive for people to buy or hold a property for rental purposes. Extending the brightline test, housing warrants of fitness, ring-fencing cash losses, extra tenant protection and so on.