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"Buy anything and wait" has been all the strategy you needed to make money in property over the last few decades. But as the world enters an extended period of low growth, doing well as a property investor will require a more active approach.

The Reserve Bank has played things pretty much as expected with today’s Official Cash Rate (OCR) announcement, pushing through a 0.50% hike to take us from 4.25% to 4.75%.

I recall mentioning last year there was a good chance that the housing market would bottom out around the end of 2022 then stage a small recovery over 2023 with prices maybe rising by 5%. But then the inflation numbers came in.

After hitting us hard with one massive OCR increase after another last year, the Reserve Bank's next announcement on 22nd February is one they can't afford to mess up.

The good news? Many signs seem to indicate that inflation is starting to come under control. The not so good news? Wage pressure could send us into a wage price spiral that prolongs the battle.

Every now and then it is a good idea to sit back and remind ourselves of the big picture and how we got to where we are at the moment. For the NZ housing market, the story is this.

We all underestimated the extent to which prices would rise when the pandemic struck in early-2020. Now, almost everyone has underestimated the extent to which prices, and sales, are heading down now that the pandemic is over and the inflation resulting from excess stimulus needs to be brought under control.

Our unemployment rate tells us a lot about how the Reserve Bank is doing on its mission to keep inflation under control - and looking back at the numbers, it's not exactly a glowing picture.

This one's going to hit homeowners hard. Here's what to expect from mortgage rates, and what to do if your mortgage is coming up for renewal.

Over the past year or so we have seen a decline in the number of properties sold from 100,000 down to about 68,000. The OCR has just jumped up, and things are about to get worse.

My monthly survey has shown a decrease in the net proportion of these investors thinking about buying another property from 10% down to only 2%.

There's not much cause for optimism out there among global economy headlines at the moment - but the outlook for New Zealand isn't all bad.