This topic is quite the biggie!
With lots of commentary in the media around the price of houses and the number of sales increasing, I felt it worthwhile putting some notes together on property investment generally.
I intend to provide a brief history of the property market in New Zealand and the core reasons why it has been such a focus for our population in building wealth. Owning property increases wealth, especially right now.
I want to start with history, simply because no one can be certain what will happen in the future to price values. So we can take some lessons from the past and assume those trends are likely to continue...
The keywords here are:
- Population growth
- Migration levels
- Housing boom
Stay with us folks...