Feature article
Property values rise again in April
Is the winning streak about to end?
AI summary
New Zealand property values saw a minor 0.1% national increase in April, the third consecutive month of growth. However, this masks a regional divide, with major centres like Auckland and Wellington experiencing slight declines.
Economist Kelvin Davidson warns that headwinds like a slowing economy and rising mortgage rates could halt this momentum. The market may flatten or dip from May onwards.
This potential cooling could present opportunities for secure first home buyers but suggests caution for sellers.
The regional divide
Headwinds on the horizon
What this means for you
Author
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