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Each month I run a survey with the REINZ of real estate agents all around New Zealand, asking them what they are seeing. My latest survey, which yielded a good 369 responses, shows that FOMO, fear of missing out, remains as strong as ever.

Whilst low interest rates are a major catalyst for increasing house prices, it fundamentally comes down to a supply side issue that many countries haven’t solved, including New Zealand.

Growing house construction is a substantial boom for the economy through extra business for materials manufacturers and distributors, architects, inspectors and so on.

It’s around this time of the year that I take an educated guess at what will happen with house prices and mortgage rates. As I’ve said time and time again, the strongest correlation that exists is between house prices and interest rates.

It is now hard to believe that there could be more than a handful of people left in the country thinking the Covid-19 crisis will cause house prices to fall in New Zealand. So what's causing the demand? One thing mainly: the biggest net migration boom New Zealand has ever seen.

One of the strongest expectations most of us have had regarding the impact of fighting Covid-19 from early this year, has been that construction of houses will fall away. This expectation was soundly based but the chances of that are getting slimmer by the day.

I recently talked about the factors providing support for the New Zealand housing market which included interest rates, a shortage of listings, and a long queue of frustrated buyers. One other factor that's just now getting more attention is the high number of Kiwis returning home.

This article is split into two sections. We’ll first explore the supply and demand issues, and secondly get into some tips and tricks to consider. So, what drives the housing market and what does that mean post COVID-19?

Interest rates are still low and the housing market seems to be thawing out after a slow 2019. That said, the latest uncertainty comes in the form of Coronavirus and what impact it could have on the economy. Here's a roundup of our views.

Auckland has come back to life after two years of lacklustre house sales and easing house prices. At the same time, the rest of New Zealand is taking a bit of a pause after a strong run of price appreciation.

For the past thirty years there has been a strong correlation between property prices and interest rates. As interest rates fall, property prices go up. So, as interest rates continue to fall, property prices could potentially increase further. My view is that won’t happen.

It’s easy to get caught up in the news headlines and neighbourhood chatter about what’s happening in the property market. Everyone you know will have an opinion on whether you’re better off buying your first home or continuing to rent, and it can be hard to sort fact from fiction.