Top Takeaways From the 2019 OneRoof Property Report – Ep. 83

In this episode, we discuss the OneRoof Property Report for the last quarter of 2019. This report sums up how the property market has operated over the last year in New Zealand. 

• Ed's top takeaway is that although the property market has faced so many changes in the last year: Ring-fencing laws changing, the Healthy Homes Act implementation, a potential capital gains tax being introduced and the government's focus on reducing net migration. And yet, despite all this, the median house price in New Zealand still increased by 8,19%. Despite these changes, the market is still resilient and that's because the fundamentals of the NZ property market are still strong
• Special guest, Dennis Schipper shares that we're seeing more first home buyers enter the market, which is a great sign that decreased interest rates and the slight relaxation of LVRs (which came out earlier this year) are having an effect. Dennis' top tip is to follow where first home buyers are buying because he sees it as a good sign for future property price growth as families settle into particular areas.

As always, if you would like to find out more about property investment in NZ, then check out the Epic Guide to Property Investment in NZ on the Opes Partners website.