Sure, it’s a tough market at the moment. Interest rates are high. House prices have stopped falling – but, they’re not increasing much either. But, it’s not all doom and gloom. There are pros and cons in every market.
Or said another way, there is always something working for and against you in any market.
For example, working against investors in the market currently are:
- high interest rates, which are currently leading to poorer cash flows
- new lending rules from the Reserve Bank through the Debt to Income Ratios (DTIs)
On the flip side, the positives are:
- Cheaper property prices
- The number of properties available for sale has increased 142.32% (Aug 2021 – Sep 2024). So you’ve got a better shot at finding a property you want.)
And remember, it is likely that over the long term property prices will increase again.
Here’s how house prices have changed year on year since REINZ started tracking that data in 1992.
