NEW ZEALAND Property Investment. Commercial, Industrial, Office, Retail, Commercial Syndication & Otago University Property Investment Opportunities.
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Is this a strong signal to potential investors that now might be a good time to invest? However, as always, there will be certain areas and properties that are better than others. As such, it is important to “do your homework” and research the options. Read the article here
"Our view on NZ growth remains firmly positive, but for now one still struggles to find data outside of booming merchandise export receipts to show strong growth. In particular short term construction prospects remain weak and businesses are cutting back investment except on commercial vehicles. Still, with our monthly survey showing confidence in the economy a year from now at a record high we feel on reasonably safe growth with our warnings regarding tightening labour availability, rising inflationary pressures, tightening monetary policy from late in the year, and eventually firmly improving housing market activity." Read or download here.
Latest data suggests the property market has reached a trough, and the Reserve Bank appears to agree. Read article here.
The BNZ Confidence Survey for May has found an 18 month high in the level of optimism businesses have about where the economy will be a year from now.
The recent recovery in the housing market highlighted by the REINZ March data is "not a flash in the pan that will fade,"; and may mark the start of housing market recovery, according to BNZ economist Tony Alexander March housing strength no flash in the pan
Housing Market Resilient - Some property investors - who largely disappeared due to recent tax changes - were back in the market taking the logical view that "people have to live somewhere". They have been encouraged by recent data showing a severe drop in new home construction, which is not expected to pick up soon.
Auckland housing shortage Auckland is facing a major housing crisis if current development trends continue
An interesting article ASB Calls a Bottom to Housing Market and consistent with previous supply/demand scenario; although it is important to consider what "the housing market" consists of. Evidence suggest that certain areas where demand is high and supply low e.g. certain suburbs of Auckland, may experience price pressure, but the smaller centres throughout NZ still carry significant unsold housing stock and prices may flatline or even reduce. As such, the 80/20 rule probably applies i.e. 80% of the growth will happen in 20% of the areas. Therefore, good research is required before investing.
Housing shortage on the cards. Will this translate into higher prices for housing in those areas of shortage? While Gareth Morgan suggest that NZ property prices will flat-line, simple supply and demand economics dictate that where demand outstrips supply, then price pressures will apply. Time will tell but prospective investors may be wise to take notice of these cues.