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The year of conflicting forces
Where to next for the NZ housing market?
AI summary
The New Zealand housing market remains subdued, as predicted by CoreLogic's Kelvin Davidson. Conflicting forces have resulted in broadly flat property values across the country.
Positive factors include easing listings, active first home buyers, and the lagged impact of lower mortgage rates. However, these are balanced by headwinds like a weak economy and uncertain employment.
The outlook is for continued stability, creating opportunities for buyers. A stronger market recovery is not expected until 2026.
A flat market, as predicted
Tailwinds: what’s supporting the market?
Headwinds: what’s holding the market back?
The outlook: stability now, stronger growth later
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