Just this week, I was talking to someone who wanted to sell the rental property they had bought a year ago. They had been phoned by a real estate agent to let them know that they could receive a 15 per cent gain on the original price they paid.
This may sound like nothing much if you're coming from the Auckland market, where it is common for homes to double in price almost from one week to the next.
But in Whangarei, where things have been what could only be described as quiet for several years now, it is a very noticeable change.
Builders are busy, real estate agents are happy, and the "for sale" signs are out.
QV backed this up recently when it released statistics showing what it calls the "Auckland effect" spreading.