What Are Economists Predicting for the Housing Market in the Next Few Months?

The housing market in New Zealand has always been one of the most talked-about topics in the country. As we approach the start of the winter months, many people are curious to know what the economists are predicting for the housing market in the next few months. In this article, we will provide a comprehensive analysis of the key factors that impact what economists are predicting for the housing market in New Zealand.

Purchasing Your First Home?

Purchasing your first home can be an exciting and nerve-wracking experience, especially with the current state of the housing market in New Zealand. According to economists, the housing market is expected to remain stable in the next few months. However, it is important to note that the current prices of homes in New Zealand are still high, which may make it difficult for first-time homebuyers to enter the market.

One of the key factors that can impact the housing market is the availability of affordable housing. The government has taken steps to address this issue, including increasing the supply of affordable housing and introducing measures to make it easier for first-time homebuyers to access the market.

NZ Interest Rates

Another important factor that can impact the housing market is the interest rates in New Zealand. According to economists, the Reserve Bank of New Zealand is expected to keep interest rates some what stable in the next few months but this could also change at anytime.

The Winter Months Ahead:

As we approach the the winter months, the housing market in New Zealand is expected to remain stable. However, there are some uncertainties that could impact the market. For example, the global economy is still recovering from the COVID-19 pandemic and multiple weather events across the country with flooding and wide spread damage which could lead to a slowdown in the New Zealand economy.

Another factor that could impact the housing market is the upcoming election in New Zealand. The outcome of the election could impact the government's policies on housing, which could in turn impact the housing market.

Time To Make a Move?

There can be a lot to think about when weighing up your options to enter the property market. When you’re ready to think about taking the next step, get in touch. We can help you work through all your options and determine the best path forward for you and your situation.

Disclaimer: Please note that the content provided in this article is intended as an overview and as general information only. While care is taken to ensure accuracy and reliability, the information provided is subject to continuous change and may not reflect current development or address your situation. Before making any decisions based on the information provided in this article, please use your discretion and seek independent guidance.