It's a first home buyer's market
The NZ Property Market Podcast
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The Trend for Rental Growth in New Zealand
There's a consensus that rental growth is more about tenants' incomes rather than landlords' costs. But, yeah, just some of those fundamental forces do seem to be shifting a bit, and especially migration. I mean, that's just gone off the charts. We normally see migration now, what's normal, who knows? It seems to swing a lot. The New Zealand citizen balance is still pretty negative. So, in net terms that New Zealand citizen number, we're losing people but just completely swamp by new arrivals. People wanting to come to New Zealand. And that's the key reason. Either way, it still adds up to property demand and support for the market.
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