NZ Property Investor

UNCERTAIN TIMES AHEAD

New Zealand may be heading out of its extreme Covid-19 prompted lockdown, but uncertainty is set to plague the housing market throughout 2020. There’s some grim predictions of what might come economically and, as you’d expect, there’s also speculation that the housing market will follow a similar path.

As with the economic forecasts, there’s a broad range of opinions on how badly the market will be affected by the recession the country has moved into. These are unusual times so no-one can be too conclusive. And that makes for uncertainty. But there’s also some common themes that have emerged from all the talk. And they provide some hope.

MARKET SNAPSHOT AT LOCKDOWN

Given the lockdown began towards the end of March, the latest data releases serve to provide a picture of the market in March. That means it essentially establishes a baseline for the way the market was on entering lockdown.

As such, it shows the

Stai leggendo un'anteprima, registrati per continuare a leggere.

Altro da NZ Property Investor

NZ Property Investor7 min letti
Defending A Tenant
Matthew Gilligan is a property investor, developer and tax adviser. He is managing director of chartered accounting firm Gilligan Rowe & Associates, where he heads the specialist property and asset planning divisions. Bernard is principal of Quinovi
NZ Property Investor4 min letti
Retirement Villages: a Haven For Investment?
We hear so often that there is no “silver bullet” to the implications arising from our ageing population – and I totally agree. But there are growing opportunities that, if not silver, at least provide shinier prospects than other more heralded ventu
NZ Property Investor1 min letti
What’s Driving House Prices?
In June, there was another strong monthly uplift in sales both nationwide (up 60.1%) and in Auckland (up 75.3%). But they were also up year-on-year nationwide (by 7.1%) and in Auckland (by 9.4%). March’s record OCR cut continues to be passed on by t