POSITIVE SIGNS

It seems that the way forward for New Zealand’s property market is not down, but up – although on a slow, steady trajectory rather than a giddy, skyrocketing one. Commentators have long been saying they don’t expect the market to crash, that they think the odds are an orderly rebalance.

And now there are increasing signs of a market resurgence, with the latest data turning in decidedly positive results. So, in this month’s commentary, we take a look at five of these promising signs and what it could all mean for the market going forward.

1 PRICES ON FORM

All those who have been waiting for major price falls are out of luck. Overall, prices are trucking along solidly. The September data from both REINZ and revealed decent