Tony Alexander, New Zealand’s favourite economist, recently did a review of the state of the NZ housing market.
Titled The Endgame Begins, it can best be summed up as “The negative factors still dominate in New Zealand’s residential real estate market, and we should expect to see some further weakening of sales and prices as we head into the start of 2023. However, various things are happening which suggest we have entered the endgame for this downward phase of the house price cycle.”
If you own a rental property or you’re considering becoming a landlord, you’ve probably asked the question: What’s really happening with rental demand in Napier and Hastings right now? The short answer is that demand remains resilient, but the market has matured. Tenants are more selective, landlords are more compliance-aware, … Read more
Owning a rental property can be a great long-term investment, but it also comes with responsibility. From finding the right tenants to staying on top of compliance, maintenance and communication, there’s a lot involved in doing it well. That’s why choosing the right property manager in Hawke’s Bay matters. A … Read more