Which way will the property market go now?

[Aaron]

When public chat hosts starts thinking they know the best way forward then God bless our world ...lol

Interest rates are not and will not be decided on the basis of house prices alone ...These rates actually effect real economy activity in more ways then not ...rates determine how small and large businesses are profitable or not ...they determine levels of NZD which helps or hinders exporters working for the economy and many more important sectors .

The only reason Govt has chosen to try tax side roadblocks for property prices as all other sectors are struggling in most difficult covid induced environment ...they had no choice but to target only property prices as no other sector can take anymore burden of higher rates

NZ economy will collapse if Mike 's suggestions are put to place and RBNZ starts raising rates for controlling property prices ...

I don't think he was suggesting raising interest rates, especially as he was buying more property.

He appreciates why house prices are high and sounds like he is making the most of cheap money. Basically he is pointing out the FACT that house prices are high due to low interest rates and easy access to credit.

As FP says possibly the worst time to buy a house except as time goes on and debt increases there will be no foreseeable time when interest rates will rise again. In fact inflation and low interest rates might prove now to be a good time to buy.

No sane person with capital to invest in a company or in a first home buyer would accept the current returns being offered. Creditism is the name of the game. How it plays out is anyones guess, talk show host or economist anyone who suggests with 100% confidence what the future will bring is full of s*it.