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The toilet paper shortage crisis is over — but is it turn for housing shortages in New Zealand?

In this case study, we sat down with residential housing developer David Duggan to chat about his journey bringing an innovative new leasehold development to life on the shores of Lake Taupō, and how partnering with Squirrel made it happen.

The recent migration boom and rising construction costs have contributed to the growth in house prices — but what are the other factors causing them to rise, and how long will prices continue to increase?

I’ve just released the results of my latest survey and the numbers are not much changed from where they were at the end of June. Buyers remain in the shadows and prices are falling all around the country.

Development companies have been recently finding that client enquiries are falling away. People can see prices falling so will naturally feel the longer they wait perhaps the cheaper the construction cost will be.

How do I know when a downturn in the market is serious, entrenched, and likely to last for some time? There are a number of measures I look at including data on prices and results from my surveys, but one special factor is the blame game.

Recently, I wrote a lengthy article listing the main things I am saying about the NZ residential property market at the moment – some of which I have been warning about for 12-18 months. Here are most of those points in summarised form.

Independent Economist Tony Alexander gives his take on the factors that are playing into falling house prices. Will things be easier for first home buyers with the housing market softening and easing CCCFA rules?

The expectation held by most of us is that average prices will fall about 10%. That sounds reasonable. But before anyone gets fixated on that number it pays to note something very important.

In my last column a fortnight ago I noted that a buyer’s market is now locked into place around most parts of New Zealand. This week we received confirmation of the same thing from the REINZ’s monthly data release.

Economist Tony Alexander says throughout 2022 and 2023, buyers are likely to keep holding the upper hand in negotiations. All one has to do however is either secure a mortgage (not so easy at the moment) or have cash and therefore no need for one in order to take advantage of this market.

Caution is advised for property investors, as New Zealand starts to feel the impact of recent legislative and bank policy changes.