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If NZ is so wonderful, why are there so many Kiwi's living in London?
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Well low wages mean many Kiwis go to high wage nations to make their fortune before coming back here.
Property speculation is a problem/opportunity depending on your viewpoint. Making money the regular way is hard slog, but a lack of capital gains taxes mean that you can leap frog by buying and speculating on property, which in turn keeps driving up housing costs.