ON THE RISE

The old joke goes something like this: if you put 10 economists in a room, you’ll get 11 opinions. So it’s rare that you get two economists agreeing with each other on the state of the property market. Yet at the recent TMM Better Business conference the unthinkable happened.

The two economists speaking, newly independent economist Tony Alexander and CoreLogic senior property economist Kelvin Davidson, were in broad agreement on the outlook for the property market. Both talked of positive signs in the latest data and suggested that the tide might be turning for Auckland’s market. But both also said this did not mean another boom was on the way.

Alexander’s presentation was a macroeconomic overview of New Zealand, which included the housing market, while Davidson’s took a close look at the