The Property Academy Podcast 7 Reasons You Should NOT Invest In Property Right Now ⎥ Ep. 1901
Nov 24, 2024
Discover seven compelling reasons to hold off on property investment right now. The sluggish Auckland rental market and rising vacancies raise concerns about tenant availability. House prices show no clear upward trend, complicating investment decisions. Economic factors like affordability issues and geopolitical risks bring added uncertainty. Plus, new investors face cash flow pressures and potential pitfalls with new builds as developers struggle. If you're feeling uneasy, it's perfectly valid to reconsider your investment plans.
AI Snips
Chapters
Transcript
Episode notes
Rental Market Oversupply After Floods
- The rental market is unusually sluggish, especially in Auckland after the floods increased supply then eased demand.
- That oversupply caused some landlords to lower rents and face longer vacancies for initial tenants.
No Clear Upward Trend In Prices
- House prices show small recent monthly gains but lack a clear, sustained upward trend.
- Seasonal effects and below-average monthly increases mean it's too early to call a market recovery.
Use The Buyer's Market Advantage
- Remember you're in a buyer's market so you can likely secure better purchase prices now.
- Use that advantage only if you can tolerate the trade-offs and risks that cause discounted deals.