As New Zealand is likely headed towards a recession, we thought we’d put together three lessons we learned from the 2008 recession to help you get through the next one and ensure that it has the least amount of impact on you and your finances.
In the current New Zealand housing market, it’s difficult not to notice that house prices are the lowest they’ve been in a long time, even though interest rates remain high. Economists predict that the end of the housing downturn may be in sight, and so you may be wondering, is now a good time to buy an investment property or second home in the current market.
The housing market is receiving a lot of media attention at the moment as house prices continue to fall and interest rates continue to rise. This article aims to give you some context to New Zealand’s (and Wellington’s) current housing market and will talk through the three main points you may be considering before buying your first home that might be keeping you on the fence.
Learn if Covid-19 will affect the housing market, why most homeowners will be okay if this happens, and why it may be a good time to purchase more property.