If you were selling a five bedroom, 270 square metre house, with three bathrooms, an extensive deck with a spa pool thrown in on a thirteen hundred square metre section just ten minutes drive from the CBD in Auckland, you'd be looking well into seven figures.

In fact you'd be lucky to make it to a tender date. It'd be snapped up within days of going to market.

In Wellington my family home, described above, has been on the market for a month now, advertised at well under seven figures, but no one has yet put pen to paper.

So think about it, if you were selling to move to our country's biggest city, you'd be lucky to have a deposit on an equivalent home there, if my house is anything to go by. My home-owning mates in Auckland have become multi-millionaires over the past few years and if they wanted to move south of the Bombay Hills, then they could buy my house and have plenty in the bank for their retirement.

And that's the inequity of the way the housing market has become.

We all started out together, saving hard for a house, and finally realising our dreams. The only difference is they moved to Auckland and are now firmly ensconced in the housing bubble that doesn't look like bursting anytime soon. And if it does, house prices aren't likely to crash significantly.

But whilst we may lament the inequity of the market, how Aucklanders have made a handsome profit simply by remaining in the city while the rest of us have seen our investment grow at a snail's pace by comparison, our thoughts should go out to our kids' generation.

Being a father of five, not one of my kids has yet been able to scrape enough money together to come up with a deposit even though interest rates are at a 50 year low and are expected to drop further before too long.

The half-gallon, quarter-acre, Pavlova paradise that my generation saw as a birth right is for them nothing more than a pipe dream!