Quote Originally Posted by duncan macgregor View Post
When i see a decline in population, or see building and building compliance costs drop then i might agree that the price of property long term will drop. The new homes being built are not keeping pace with the growth. Builders fleeing the country in droves or dont you know that?.
And a few other things to look out for: expats returning in greater numbers to NZ need somewhere to live; supply of listings is low; interest rates are dropping, OCR likely to come down, Kiwi saver deposit scheme coming online in the next few years; govt assistance for people into homes which National don’t seem to turn off; NZ$ makes our property look more attractive; lots of cheap apartments for battery hen English Language schools. All add up to more ingredients to a turning and positive property market. Lets see where we are at in another year.