Until recently, falling interest rates meant that no matter what you were investing in you almost couldn't go wrong... Asset prices across the board just kept going up. But those lucrative days are behind us.
I recall mentioning last year there was a good chance that the housing market would bottom out around the end of 2022 then stage a small recovery over 2023 with prices maybe rising by 5%. But then the inflation numbers came in.
The good news? Many signs seem to indicate that inflation is starting to come under control. The not so good news? Wage pressure could send us into a wage price spiral that prolongs the battle.
We all underestimated the extent to which prices would rise when the pandemic struck in early-2020. Now, almost everyone has underestimated the extent to which prices, and sales, are heading down now that the pandemic is over and the inflation resulting from excess stimulus needs to be brought under control.
With the Reserve Bank's predictions of a recession, an unemployment rate of 5.7% and high inflation, businesses and consumers alike have had to sharply rein in their spending plans on everything but groceries, including housing. But will the fear pass with time, or simply worsen?
Our unemployment rate tells us a lot about how the Reserve Bank is doing on its mission to keep inflation under control - and looking back at the numbers, it's not exactly a glowing picture.
This one's going to hit homeowners hard. Here's what to expect from mortgage rates, and what to do if your mortgage is coming up for renewal.
We're fast headed towards the last OCR announcement of the year, and it's going to be a big one. In his latest market update, JB shares his expectations on where interest rates could get to, and a bit of an update on the housing market more broadly.
My monthly survey has shown a decrease in the net proportion of these investors thinking about buying another property from 10% down to only 2%.
The market's been undeniably slow in recent months, but between stabilising interest rates and greater choice, buyers are starting to dip their toes in once more.
The experts have been predicting a “soft landing” for the New Zealand economy - but are we in fact well past the point of no return on the road to recession?
Anyone who'd just got their foot on the property ladder when the market started to turn will be feeling rough after the last few months - but it's not all bad news.