Property Investment
1 min read
Author: Andrew Nicol
Founder, 20+ Years' Experience Investing In Property, Author & Host
Here is your monthly property market report. All the data you’ve signed up for is below.
But first … earlier this week I was on the phone with a journalist. We got talking about New Zealand’s hot and cold property markets.
Because while the housing market is chilly in many parts of the country … others have warmed up.
So, I’ve had a go at sorting each region into:
This is based on a simple analysis of whether prices are rising or falling, the amount of listings vs sales, and how many sales are happening.
For instance, I’ve called Canterbury a hot market. That’s because the number of sales over the last 12 months was in the top 15% that they’ve ever been.
There aren’t that many property listings compared to sales (only 17 weeks of inventory). This is below the long-term average of 21 weeks.
And even though house prices are rising, but not spiking, it averages out to a hot market.
Compare that to Waikato, where house prices are down, there are lots of listings compared to sales, and the number of sales is about average. It’s a cold market.
It’s a simple analysis. But you can get a sense of whether buyers or sellers might have the upper hand.
In hot markets, sellers could well be on top. In colder markets, it’s the buyers who are in the stronger position.
Right, on to the data.
Ed
Founder, 20+ Years' Experience Investing In Property, Author & Host
Andrew Nicol, Managing Director at Opes Partners, is a seasoned financial adviser and property investment expert with 20+ years of experience. With 40 investment properties, he hosts the Property Academy Podcast, co-authored 'Wealth Plan' with Ed Mcknight, and has helped 1,894 Kiwis achieve financial security through property investment.
This article is for your general information. It’s not financial advice. See here for details about our Financial Advice Provider Disclosure. So Opes isn’t telling you what to do with your own money.
We’ve made every effort to make sure the information is accurate. But we occasionally get the odd fact wrong. Make sure you do your own research or talk to a financial adviser before making any investment decisions.
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