Trass trashes REINZ

In an email sent shortly after the release Trass said "the author's opinion on the current state of the market is either extremely naive or deliberately misleading."

His initial ire was aimed at reports on the REINZ data in the media, including the New Zealand Herald, which Trass claimed were "full of errors and the commentary is misleading."

REINZ  CEO Helen O'Sullivan claimed the mistakes outlined by Trass were a result of editing errors at the Herald and not attributable to REINZ.

"The New Zealand Herald article on which the Trass release is based included a number of editing errors and so the lies and untruths which Trass was so kind to attribute to us were actually sub editing errors on the part of the Herald," she said.