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Tony Alexander, an independent economist, joined us on the Property Academy Podcast
this week.
In the podcasts, he talks about the 5 graphs you need to see to understand the property market right now.
Here are the graphs (below).
And some exciting news – you can get all this data (for free) as part of Data Hub.
Data Hub is a new section on the Opes website that lets you explore all the data you need as a property investor.
Let’s look at the graphs –
#1 – How house prices are changing month to month
Tony suggests first looking at how quickly house
prices are changing on a monthly basis.
He specifically says to look at the REINZ house
price index – the most reliable data for how prices change from month to month.
Look at how New Zealand’s house prices are
changing right now.