Plenty on discussion on this recently.

Just wanted to post an example:

http://www.barfoot.co.nz/339632

This is your opportunity to buy a quality home with a capital value of $840,000 at such an affordable price.

This property has 3 bathrooms, a modern kitchen and is so close (10 minutes walking distance) to Milford Marina & beach.

Asking 695,000
This has been up there for months.

Anybody else noticing some really desperate sellers in your areas ?