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supply and demand will always show the value of the market

Get 3 months free management on your Christchurch investment properties: www.najibrealestate.co.nz/Property-Management-Christchurch/

How long do you expect it to take for the market to return to 3x-4x the average household income (e.g., 2027, 2028, 2029...)?

Lol rollyhood??? I mean indianville??? They don't even have enough schools for the kids. Parents havin to send them to other schools around chch that's not ok not family friendly at all.

How do most of you guys still making profit? Even with the downturn of economy and ever increasing life standards

With that being said, would the rental yield go up?

Do you have any advice on how to sell monolithic home?

😄🙌

Hi Najib, I'd be interested to hear how you think migration rates might affect property prices. Thanks for your video. Really useful content here.

What an idiot! And what is a beer market ? LoL

No they aren’t, the drop in prices is caused by increased supply and decreased demand. In the long term prices will still increase due to national’s policies.

Thank you for your work, I agree with you, 15-20% further price correction on the way.

Listen to Gary's Economics

Reserve Bank has used sections of its governing statute to place new additional restrictions on banks ability to create money.

Income tax rates didn't change for 10 years. During the period 2009-2017 the government increased GST and introduced the brightline test ( increased tax payable) also that government stopped deduction of depreciation for residential rental ( increase of tax payable). The government 2017-2023 reduced interest deductibility ( increase tax payable) and increased the restriction of the brightline test. The 2023-24 government reduced income tax ( tax brackets and expence deductions, introduced gambling tax, allied GST to online transactions )

New Zealand produces a lot of dairy products, but it is cheaper to buy overseas than locally.

Oil prices! They increased as owners of resources want to earn more as they had to make up for lost income during covid 19 years.

Inflation has gone down very qtr since was 7%. Even March 2024 qtr inflation reduction to 4% was due the Reserve Bank and Labour policies.

Banks create money! The cost borrowing is not affordable. Statistics in NZ show it more affordable to rent than to borrow to buy dwelling.

Keep it up Najeeb

Najib is right that theoretically setting the Reserve Bank mandate to focus solely on inflation would result in higher unemployment however the government fiscal policy is to stimulate investments in high employment sectors like the resources sector. This is why Shane Jones is focusing on restoring Marsden Point and resource development. Plentiful resources will keep inflation in check and also absorb higher unemployment resulting from the Reserve Bank mandate.

Really appreciate this content.

Buy buy someone has to be the greater fool to keep real estate unaffordable

Brother, please make video on current housing market. Data showed May house prices dropped 2.3% compared to April

The market will continue on the downward trend for the next 10 years

Good work, I hope I can survive this situation

Do Australia 😎

The money they had for first home grant is being used for social housing so my guess is they are helping social housing people out before first home buyers. Which is good

The previous government and big business mismanaged messed up unbelievably big time letting house prices continue to raise out of control creating a bubble that will take a generation (if ever!) for house prices to come back down into the reach of the average workers (most young people) income to purchase. Labour (they're not dumb) have knowingly done a big reset and left the young new generation in the cold having to save every penny therefore give up a healthy life style (normal life). Most will (have to leave) be struggling to meet rent let alone thinking of saving to buy a home or even have children (shocking this has become an issue). Is this all good for the country? There's no excuse for such negligence towards the NZ people from the previous labour government and nz big business, recession for the people and markets adding long term depression for the people, extra load on the health system (mostly messed up psychological stuff). No worries for the upper branches of previous labour lead government officials where many have retired from government most still fairly young now living off status and tax payers money till the day they die. Did most of the above things actually really happen and is there any truth there? Look around you as they say, the poof is in the pudding. Looking to the future which we need to do, but learning from the past is more important and should be thoroughly openly reviewed discussed in depth if we’re going to go forward living smarter. My 2cents

Brief, clear and hit the point, I was watching and following this guy Video for a while, he is very honest and good from inside of property trend. If you interest in property in NZ, following him, he never got wrong so far I knew.

double-speak something that includes this or that then report something that doesn't include the previous statements.

Nice work man 👍

Printing money is not necessarily bad so long as the money is directed towards investments. Inflation is not always bad. Had the money been directed towards proper infrastructure investments that would have stimulated the economy is a good way. However, the Labour-Green coalition didn't do that. They shut down Marsden point and their ideological blinder inhibited investments in the energy and resources sectors leading to shortages and higher resource prices that affects the entire economy. Labour also raised fuel taxes and other consumption taxes and redirected that money to favour expensive EV vehicles that the middle class doesn't want or need. Had the money been directed to energy security and had Labour not turned into megalomaniacs keeping NZ unnecessarily locked down the country would not be in this mess.

Always a privilege sitting down with you George, look forward to my Q&A going live next Wednesday.

Pure class. Thank you both for the insight

Thanks for the great videos and the balanced insight into the nz property market.. its very rare! After in depth research at historic property bubble crashes in a number of different comparable countries it appears that the majority if not all price declines happen when the OCR rate is starting to drop as this obviously coincides with the economy being i the worst position. What leads you to believe that this time will be different? Thanks again

Is NZ original? List to Australian political parties. th-cam.com/users/livezihOKY-22v4?si=kqDOn1yJjsw8a9OQ

Reduce immigration! Look at statistics about the population of Auckland since 2009.

The reserve bank is only focused on inflation now. Before they had think about people. They independent also. So they can wait to 1% CPI.

Inflation was coming down since 1 Jan to Mar 23 Qtr inflation dropped from 7.2% to 6.7% ( Labour policy/reserve bank) each qtr following this inflation has decreased 1 % or 0.5% to get ro 4% in March 24. This is the effect of Labour and the reserve bank.

Great video sir. I still don’t understand how the inflation figure is dropping. Eggs and meat : almost double the prices pre covid. Fuel: highest is the last 5 years Public transport : highest fare prices atm Salaries haven’t grown at the same rate. What is bringing down inflation?

Hey najib. Great video. Quick question. I have 2 properties. One I can subdivide into 3. The current house is in the middle of the property. Might cost 100k to subdivide. Then the cost to relocate a house onto the front and potentially build at the back. Do you think this will be a better way to go rather than just buying another property?

You were right again, the property market started dropping again as you predicted a couple month ago.👍

Clown show

letsss go deannnnn

What is a Capital gain?

Houses for people, not for investor-parasites!

Property will always be a good investment in areas where population increase faster than new construction.

The most honest and professional person