2024 NZ House Prices - Predictions and Insights

Homeseller Offer for Christchurch and Selwyn residents (Must end February 29, 2024)
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Links from the video:
Cycles of Real Estate - • Understanding the Cycl...
Past Predictions - • Three Reasons a Market...
In this video, we delve into key factors shaping the New Zealand Property market in 2024 and predict where NZ house prices are headed.
We discuss the following important insights that will influence the 2024 NZ property market:
1) How Labour affected the market
2) How National Policies will affect the market
3) The Phillips Curve
4) Consequences of lowering interest rates
5) Five Variables that influence the market
6) Understanding the causes of inflation
7) Predictions for the 2024 NZ Property Market
At Najib, we provide you with truthful and transparent advice so you can be ready for what lies ahead. Subscribe to Najib Real Estate for in-depth discussions on these crucial aspects.
Please feel free to contact us at:
Nathan Najib
027 514 0775
[e-mail]
Najib Real Estate
03 326 7914
116 Peterborough Street, Christchurch Central 8013
[e-mail]
#ChristchurchRealEstate #NajibRealEstate #ChristchurchHomes #RealEstateMarket #NewZealandElection #nzelection #nzhouseprices #nzpropertymarket #2024nzhouseprices #housingmarket #nzhousingmarket

[@najibrealestate929]

Happy New Year everyone! If you have any questions about the content discussed please feel free to leave a comment:
Here's the timestamps:
00:00 Intro & Recent Real Estate Comments
03:48 How The Labour Party Affected The Property Market
07:14 Impact of National's Policies
09:49 Phillips Curve
11:58 Consequences of lowering interest rates
13:37 Five variables that affect the market
18:31 What causes Inflation
20:09 2024 NZ Property Market predictions

[@NaturalExplorerNZ]

really great discourse, shows alot of Broad thinking and how volatile the NZ economy is in general at the moment. thank you

[@najibrealestate929]

Exactly, and there's a lot of contrasting opinions. We appreciate the comment :)

[@francinejones2524]

Thank you this was very informative and just what I needed to hear right now. As I’ve kind’ve been holding off to buy hoping there’s a drop in house prices 🔮 this year!🙏🎉

[@najibrealestate929]

Great to hear Francine, we're glad you found value in the video. Good luck with your property purchase, we're here if you have any questions 🙂

[@iCanBeDaniel]

Great advice, thank you

[@najibrealestate929]

Glad it was helpful!

[@user-oc4no7xh5q]

What happened to our 5k bet, about probably prices dropping 20% by mid 2024

[@richardsingh5827]

Interesting video

[@najibrealestate929]

Thank you! We are releasing a video tomorrow which will delve deeper into the cycles of real estate.

[@nelsontaklesalespersonrayw2940]

Well explained thesis 🙌 💪👍

[@najibrealestate929]

Thank you for comment, appreciate it 🙂

[@Ace-ek5yc]

Hi Najib i fallow you for sometime and i think your episodes are very interesting thanks for your video . I do have question regarding the new government policies if you can help explain: Does ,,old property ,, lets say purchased 2024 January or April 2024 interest is tax deductible ?

[@najibrealestate929]

Hi @Ace-ek5yc,
We appreciate the kind words, great question regarding the new government policies. To answer your question, in short, yes but not immediately 100% deductible. The national government has promised that interest deductibility on residential rentals will be phased back as follows:
Apr 23 - Mar 24 60% deductible
Apr 24 - Mar 25 80% deductible
Apr 25 - Mar 26 100% deductible
Unsurprisingly enough back to 100% deductible just in time for the next general election! Please let us know if you have anymore questions.
Thanks,
Najib Real Estate

[@Ace-ek5yc]

@@najibrealestate929 Thanks for your quick reply but what is the case if you purchase ,,old investment property,, in lats say month January 2024 or April 2024 are the sam deductible rate would apply ?
I know that ,,new builds ,, are 100 % dedication and the older once are phased out by Labour government my question is what if i buy old property now ??

[@najibrealestate929]

Hi @Ace-ek5yc, the figures we mentioned in our first reply represent those who own an older investment property. So from April 2024 - March 2025, the interest deductibility on residential rentals is 80%. Hope this makes sense.

[@arminderchauhan9836]

Is it mean this year is not good for buying property?

[@najibrealestate929]

Hi there, we just released a video on this today - hope you enjoy! th-cam.com/video/jxToYw-tu78/w-d-xo.html

[@abduleraki5596]

Stock is at its lowest, there is no inventory.
Intrest rates stabilized.
Demand is high and will get higher, 128,000 net migration in 2023, wars create Kass migration to safe countries like NZ, not to mention more refugees.
Best time to buy a house is always 10 years ago. So buy, hold, and stop listening to market predictions

[@najibrealestate929]

Hello @abduleraki5596,
Thank you for sharing your thoughts.
While we agree that focusing on time in the market is crucial rather than attempting to time the market perfectly, we also recognise the value in avoiding purchasing at the market peak. Our goal in this video is to educate individuals on when the best time to sell is (if they are planning to in the next 3 years).
Contrary to the perception of limited inventory, there is currently a good supply available. As we move through 2024, we anticipate a further influx of properties entering the market, driven by ongoing development projects reaching completion and individuals compelled to sell due to mortgage challenges.
Although interest rates may appear stabilised, they have more than tripled since 2021. Recent rate adjustments by major banks such as Kiwi Bank and ANZ (cut its two-year term deposit by 25 basis points), these rate drops indicate a competitive landscape, with banks seeking more business and offering attractive rates, hinting at underlying economic challenges...
From our experience as real estate professionals, demand is currently at its lowest since the market peak. Net migration, if it occurs, these people are likely to focus on employment initially, with limited immediate impact on the property market.
In the wise words of Warren Buffett, "To be fearful when others are greedy and to be greedy only when others are fearful."
Wishing you the best in your property journey.
Warm regards,
Najib Real Estate 🙏🙂

[@adairhobbs2196]

good response