Feature article
Tariffs and global uncertainty: potential affects on the NZ property market
From Property Economist Kelvin Davidson
AI summary
Global tariffs and economic uncertainty are creating mixed signals for the NZ property market. Property economist Kelvin Davidson notes that while slower GDP growth could keep mortgage rates low, a weaker economy and job insecurity may dampen buyer demand.
A high number of listings currently gives buyers pricing power, and potential debt-to-income ratio limits are also a factor. Despite the uncertainty, the overall forecast remains a modest and slow upturn in sales and property values for 2025.
The tariffs in a nutshell
The possible property market affects
How are people reacting?
Nothing yet to suggest the housing market will swing wildly up or down
Author
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