Watch our Directors Alan Henderson & Lisa Phillips address the current state of the New Zealand Property Market Topics : Where are prices headed? What to buy in these Covid times? What impact RBNZ changes have on the market? What are banks likely to do? Watch the full Presentation Below
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Every person is unique. What drives our physical uniqueness was not fully understood until scientists proved DNA – the molecules that contain our unique genetic code. Since Watson and Crick proved DNA in the 1950s, we have gained more and more understanding of its incredible complexity. Bill Gates in the Road Ahead says “DNA is…
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Two months ago NZ’s property market was on its way to posting record high house price growth. And then Covid came. While we navigate the property market through these extraordinary and uncertain times – there is one thing that is not new in times of crisis, and that is the speed by which the media…
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Some have likened Covid-19 to this generation’s war. My Grandfather who died in the war, and my Grandmother who had to deal with his death would probably shake their heads and tell me I‘m as soft as an over ripe avocado. That said, it is probably the greatest challenge this generation has faced and that…
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New Zealand is once again proving to be a safe port in a storm – especially during this time of political and economic uncertainty. Expats living in the Asia-Pacific region are at the forefront of those flocking to secure investments back home. The upsurge in interest began in June last year with the rise in…
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A 25 basis point drop in the OCR from the Reserve Bank was largely expected and so we were surprised there was no change. Why did we expect one? Because the NZ economic growth rate is slowing, inflation is at the lower end of the target range and worldwide interest rates continue to recede…
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One of the emerging stars in NZ’s property market is Dunedin – which is being recognised as a region of growing potential. Dunedin’s population grew 2.7% in the year to March 2019, well ahead of the national average. Employment opportunities are on the rise in Dunedin, particularly with large service industries. Enrolments at the University…
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Capital adequacy is the Reserve bank telling banks that in tough financial times the capital they are holding on their balance sheet could be insufficient to weather a major economic event, such as we saw during the Global Financial Crisis. Adrian Orr is pushing that this needs to happen and the Reserve bank are currently…
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From a property perspective what was relevant in this years budget was the noticeable absence of anything specific for property. Certainly, Kiwibuild was not mentioned at all. Perhaps they think the job has been done to some extent: • The % of houses being sold to first home buyers is increasing – have first home…
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NZ Property Market – Dead Cat Bounce?
We took a view during the level 4 lockdown that property prices would not go down due to the strong demand drivers, but nor would they go up. We were right and wrong. Right because the market didn’t go down. Wrong because we think prices are going up. What’s going on with NZ property? Residential…
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