Propertyscouts Property Management

Is the NZ Housing market really out of control? National Propertyscouts

According to the Government it is.

Let’s face it the housing market was out of control in NZ so the Government had to step in and do something – didn’t they? Turns out NZ is really not a lot different from a lot of other countries at the moment. House prices across the ditch are going through the roof. Even Canada reported a 39% sales increase on a year ago. The evidence around booming Worldwide property sales points to the same or similar reasons as here in NZ – lack of supply, low interest rates, limited travel due to Covid and of course FOMO – buyers’ Fear Of Missing Out.

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