Should I buy a house during a recession?

Buying a house during a recession in New Zealand offers both opportunities and risks. Lower property prices and less competition mean you could secure a property for less, with potential for future capital gains.

However, key risks include job insecurity, challenges with tenants for investors, and cautious banks making mortgages harder to obtain.

To mitigate these risks, ensure you have emergency savings and consider using a mortgage broker. The decision ultimately depends on your personal financial stability.