Recently, I came across an insightful article that discusses the current state of the housing market in various countries, including Australia, America, and the Euro area. I was particularly interested in understanding how this impacts us here in New Zealand.

I'm excited to share my summary with you, highlighting the positive aspects and prospects for our housing market.

Despite concerns about a potential housing crash, the housing market in the rich world, including New Zealand, has shown resilience. The article highlights that house prices in Australia have been rising for the past three months, indicating a recovery in the market. Additionally, factors such as migration, strong household finances, and changing preferences contribute to the stability of the housing market.

Mortgage arrears have risen but remain below pre-pandemic levels, which indicates that the impact on the housing market has been relatively moderate. The construction industry is experiencing a demand for workers, and construction vacancies are well above historical levels. This suggests ongoing opportunities in the housing sector and indicates a healthy housing market ahead.

Overall, it provides a positive outlook for the housing market in New Zealand. It suggests that the worst may be over, and while there may be some corrections, a significant crash is unlikely. This information is encouraging for those looking to buy, sell or invest.

Get in touch with me today to discuss how I can further advise you on your real estate needs.

Positive outlook ahead?

Why developers are back?!

Is the bottom over?