Data from CoreLogic shows the "dead cat bounce" in New Zealand home prices, driven by the higher for longer interest rates, and significant pressure to refinance,
Recent changes from 1st July will not have much impact on the market, while the Reserve Bank won't be cutting rates for some time. Demand will remain weak, as migration starts to turn negative.
Therefore expect more downside to prices, especially in areas of Auckland and Wellington!
www.martinnorth.com/
Go to the Walk The World Universe at walktheworld.com.au/
Find more at digitalfinanceanalytics.com/b... where you can subscribe to our research alerts
Please consider supporting our work via Patreon: / digitalfinanceanalytics
Or make a one-off contribution to help cover our costs via PayPal at: www.paypal.me/MartinDFA
We also can receive bitcoins at: 13zBL1oRib9VJu8Uc9zUGNhxKDBBgUpDN1
Please share this post to help to spread the word about the state of things....
Caveat Emptor! Note: this is NOT financial or property advice!!
🚨BEWARE OF SCAMMERS🚨
As there are accounts impersonating Walk The World in the comments on RU-vid, note that our comments will have a distinguishable verified symbol. And remember that we will never message you asking you to give us money or talk to us on other platforms such as WhatsApp or Telegram
3 июл 2024