Saturday Morning With Jack Tame

House prices in New Zealand increased last month by more than any other month in the last 25 years. More than any other month since March, 1996.Just think about that. We’ve had a residential housing crisis for years. House prices have been rising and rising and rising. We have our borders closed, our single-biggest export industry has been turned off and shutdown overnight. And yet... with inflation pouring into asset prices, median house prices increased more last month than in any other month since Braveheart won best picture at the Oscars.According to the Real Estate Institute, the median house prices in Wellington and Auckland increased by about $100 thousand dollars in February. The median price in Porirua – Porirua! – increased more than $270 thousand. Ten thousand dollars a day.When I hear those kind of numbers, I have a couple of reactions. Selfishly, I feel grateful that I have the security of already owning my own place. Secondly, I feel for people who don’t, and who’ve just seen their deposit requi