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This weeks episode is brimming with insights, as we untangle complexities and delve into the data from CoreLogic's House Price Index. The property market is behaving in mysterious ways, with a downward trend across the nation, but certain regions like Auckland experiencing a sharper decline.
Ever wondered how the dynamics of the property market might impact first-time buyers, particularly in a time of flux? We'll walk you through the intricacies of identifying market troughs, and examine the factors leading to some homes performing better than others. With decreasing supply, increasing demand, and relaxing lending restrictions, we ponder the likelihood of the market hitting a stable floor soon. But make no mistake, the market is still a beast of unpredictability, facing affordability pressures and high mortgage rates.
We also touch upon the effects of the election on the market, the financial dynamics between renting and owning a home, and the role of the Bank of Mum and Dad and KiwiSaver in assisting first-time buyers. Lastly, we'll also be looking ahead, discussing key releases such as Cordell Construction Cost Index, Stats New Zealand's migration data and rental prices, and the Real Estate Institute's house price index. So, grab your headphones and get ready for an enlightening journey into the New Zealand property market!
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