PICKING UP THE PACE
All the property market doom merchants are likely to be feeling a bit disappointed round now. This time last year, the belief that New Zealand would follow in the path of Australia and experience a big decline was firmly held by many. But that view is now outdated.
In the last few months of 2019, the relevant data consistently turned in solid results, which pointed to definite signs of an uptick in the market after a period of quietening. Most notably, this trend included the long dormant Auckland market.
Commentators now expect 2020 to be a stronger, busier year for the property market than 2019 was. So, as is our January tradition, we take a look at the state of play in key markets around the country as we head into the new year.
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