Hamilton house prices up 18.9% in June, to a new record high of $660,000.
Economists keep trying to talk the market down with their predictions of a 10-15% fall in house prices. When are they going to give up and realise they are wrong?
The longer Covid-19 ravages countries around the world, the more people who will want to come here, starting with some of the 1 million Kiwis returning home.
Expect demand for housing to increase as Kiwis return and the supply of new housing to decrease as banks reduce lending to developers because their economists are predicting house price falls.
In summary, I’m predicting more of what we have seen for many years now, higher prices and higher rents. As we used to say in the financial markets, ‘the trend is your friend’.
#assuredproperty #housing #rentals #propertyinvestment