A patchy year, with hope on the horizon

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In this episode, Nick and Kelvin review the New Zealand property market's performance in 2024 and discuss expectations for 2025. 

They analyse key statistics from the 'Best of the Best' report, highlighting trends in property sales, rental yields, and the impact of interest rates. 

The conversation also covers the changing dynamics of first home buyers and investors in the market, as well as broader economic indicators such as migration data and retail spending. 

In this conversation, Kelvin and Nick discuss the current economic indicators and their implications for the real estate market, particularly focusing on Auckland's housing performance and the outlook for new builds in regional markets (thanks to some listener questions).

They analyse GDP trends, the impact of interest rates, and the performance of new townhouses compared to older properties. The discussion also touches on the broader economic recovery and the factors influencing regional markets.

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