Assured Property Investments Assured Property Investments
  1. Current Listings
  2. Past Developments
  3. News & Guides
  4. Customer Stories
  5. About Us
  6. Contact
07 823 2525
Author John Kenel21 November 2019

Economy

NZ Economy headed for a Rebound

At Assured we’ve noticed a strong pickup in demand for our investment property in the last few weeks. We’ve also seen a huge increase in competition when buying land for development in Hamilton City. There are a lot of buyers looking for development land and this is pushing up inner city brown-field re-development land prices.

The increase in the cost of development land will in turn increase the price of completed residential property in the city. I believe we will see a strong increase in the cost of townhouses and duplexes in Hamilton City as developers will need to raise the sale prices of their off-the-plans sales in order to cover the higher land costs. We expect to see prices on off-the-plans property rise by at least 5% early in 2020 when new housing stock is listed for sale. A 7-9% increase in house prices is very possible in Hamilton over the course of 2020. It could even rise more if this competition for development land intensifies.

Overall things in NZ are already pretty good, aside from the muppets in government. Inflation is running at 1.5%, GDP is 2.4%, unemployment is running at historically low levels, mortgage interest rates are in the low 3% and the housing market is springing into life around the country with most agents reporting lots more people at open homes and lots more sales enquiry, just like we have seen. The latest stats show price rises on property of 2.4% in the August/September months.

Regarding the NZ Herald article, Westpac economists are saying in their quarterly outlook that the worst is over and an economic recovery is likely to be underway in New Zealand. It was a grim winter for business with GDP growth slowing, business confidence plummeting and trade war fears on the rise.

Data is now pointing to solid gains in retail and agriculture, rising house prices and a longer than expected construction boom.

John Kenel
Assured Property

Click on the link below to read the full article:

www.nzherald.co.nz

Author John Kenel21 November 2019
  • Facebook
  • Twitter
  • #economy
  • #expert-opinion
  • #finances
  • #investment-strategy
  • #new-zealand
  • #property-investors
  • #rental-homes
  • #retirement
  • #supply-and-demand

More news

Economy

Author John Kenel21 June 202206 Jun 2022

Should you sell now before the property market crashes?

House prices might drop 40%. We could be in the beginning of...

Read more

Economy

Author John Kenel16 June 202206 Jun 2022

May REINZ statistics

Latest REINZ stats show Waikato median house price is up by 9.6%...

Read more

Assured News

Author John Kenel27 May 202205 May 2022

Exciting times with GIB being installed!

‘River Ridge’ comprises of four street facing apartments, and ten terraced houses...

Read more

Featured properties

Townhouse

sold

2 & 3 bed townhouses

City Living on River Ridge, Hamilton – SOLD OUT

Bedrooms 3
Bathrooms 2
Garage Single1 garage

Townhouse

sold

2, 3 & 4 Bedroom Townhouses

Studio Homes on Te Rapa – SOLD OUT

Bedrooms 3
Bathrooms 3
Carparks 2

Assured Newsletter

Be first to know about
new developments

free

new

The Hamilton Property Guide

2020 issue edited by John Kenel, Assured Property

Download free
  • Home
  • Current Listings
  • Past Developments
  • News & Guides
  • Customer Stories
  • About Us
  • Contact
  • Facebook
  • Twitter
  • LinkedIn

Visit

63a Alpha Street, Cambridge
Monday - Friday (9am - 5pm)

Contact

info@assuredproperty.co.nz 07 823 2525

© 2022 Assured Property Investments. 

Site by Brontë + Benek