STANDING STRONG DESPITE ‘PERFECT STORM’
When we conducted New Zealand Property Investor magazine’s annual survey last year, the mood was buoyant, with nearly 70% of respondents saying there would be a surge in house prices … and they were right. CoreLogic data recently revealed house prices nationwide grew a whopping 27.6% over the course of 2021, when compared with the previous year.
But the results of the same question this year reveal a different sentiment. Only 35% of investors believed house prices would rise; 63% believed prices would stay the same or fall.
What accounts for this dramatic change? It’s a cliché, but “perfect storm” is probably
