How National NZ Policies Are Bringing Down House Prices NZ
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- เผยแพร่เมื่อ 15 มิ.ย. 2024
- #nationalnzpolicies #housepricesnz #realestatenz
"The faster something goes up, the harder it falls." This adage perfectly encapsulates the government's approach to cooling the overheated real estate market. By gradually applying the brakes, they aim to make the NZ housing market more affordable for all New Zealanders."
In this latest video, Nathan talks about the impact of the National Party's new policies on New Zealand's real estate market.
He also shares important factors that play key role in understanding the market.
Five Variables of Real Estate: Understand the crucial factors that influence property prices and how they're shifting under the current economic landscape.
Inflation: Discover how inflation is playing a role in the housing market and what it means for buyers and sellers.
National NZ Party's New Policies: Get an in-depth analysis of the latest policies introduced by the National Party and their direct effects on housing affordability.
Join the conversation in the comments section - share your thoughts, or questions! Najib is here to engage with you and provide additional insights.
Don't forget to like, subscribe, and hit the notification bell to stay updated on our latest real estate tips and trends. Whether you're a local or looking to invest from afar, Najib Real Estate is your go-to source for all things Christchurch property.
Please feel free to contact us at:
Nathan Najib
027 514 0775
nathan@najibre.co.nz
Najib Real Estate
03 326 7914
116 Peterborough Street, Christchurch Central 8013
info@najibre.co.nz
#inflation2024 #2024 #newzealand #propertyinvestments #realestate #najibrealestate #nzhousing #inflation #inflationnewzealand #chrisluxon
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supply and demand will always show the value of the market
Keep it up Najeeb
Thanks :)
Reserve Bank has used sections of its governing statute to place new additional restrictions on banks ability to create money.
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.
When will Marsden Point function again? When will a new gas well start supplying gas?
@adsdft585 I don't know exactly, but this is clearly the government's intent.
@@adsdft585 It's currently undergoing review.
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.
Hi Henry,
Thanks for your question. In regard to net migration, if it occurs, these people are likely to focus on employment initially, with limited immediate impact on the property prices. We also have to consider Kiwi's leaving New Zealand for more prosperous opportunities in Australia and further afield.
Thanks,
Najib
Thank you for your work, I agree with you, 15-20% further price correction on the way.
Very welcome
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 )
With that being said, would the rental yield go up?
Hi Mark, we will answer your question in next weeks video. Thanks
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...)?
Hi Nicholas, we will answer your question in next weeks video. Thanks
Listen to Gary's Economics
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.
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.
Banks create money! The cost borrowing is not affordable.
Statistics in NZ show it more affordable to rent than to borrow to buy dwelling.
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 comment.
The first question to address is why there has been an increase in supply and a decrease in demand. This can be attributed to the recent policies introduced by the National government aimed at controlling inflation. As a result, interest rates have risen, and consumer goods prices have remained high. Consequently, the high cost of living and high mortgage rates have made it difficult for people to afford their homes, therefore increasing housing supply.
This situation also impacts demand, as many are reluctant to buy when house prices are high and purchasing remains too costly due to current interest rates and inflation levels.
We hope this clarifies the situation.