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You might be thinking: "I'm scared that the value of my property is going to go down"

In short: It will at some point.

When you buy a property, whether for investment or to live in, its value will increase and decrease with the market. That's a fact of life. So your first step is to accept this will be a reality.

Remember that property as an asset class tends to be a little more risky than bonds or mutual funds, but a little bit safer than shares.

What that means is that over time you can expect some ups and down (volatility) in the value of your property, but over the longer term property prices will tend to go upwards.

Ed solo

Ed McKnight

Our Resident Economist, with a GradDipEcon and over five years at Opes Partners, is a trusted contributor to NZ Property Investor, Informed Investor, Stuff, Business Desk, and OneRoof.

Ed, our Resident Economist, is equipped with a GradDipEcon, a GradCertStratMgmt, BMus, and over five years of experience as Opes Partners' economist. His expertise in economics has led him to contribute articles to reputable publications like NZ Property Investor, Informed Investor, OneRoof, Stuff, and Business Desk. You might have also seen him share his insights on television programs such as The Project and Breakfast.

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