Originally Posted by
JBmurc
Yes we have seen the growth in NZ Property values used up this 2020's decade thanks to ultra low rates in just couple of years .. No way NZ Property doubles by 2030.... ZERO . the Property pumpers , RE agents purely selling a dream using once in a lifetime historic reason why it must happen again =Pure BS
.. As rates go higher holding Negative Yielding Investment Properties esp. now with new laws on ZERO Interest deductibles becomes a massive Liability ..Higher Council rates + Insurance costs ....
We have a perfect storm coming for NZ Property ... and as we have seen overseas ...and briefly here in 2008-09 ... the over-priced unliked by the banks
-Leasehold , Apartments ,Units , townhouses will be worse affected ....
I look back over the years and at present you can Buy a LARGE 700+ acre non Diary Farm in prime high rainfall area of NZ for $3-$4million .... less than pricing several years ago ... same time units have more than doubled??