Misguided market

Friday 15th May

Hi

What drives the property market?

There is plenty of commentary around at the moment about the state of the property market and where it is going. Much of it, in my view, is misguided.

Let's sit back for a moment and think about what the key factors are. Three of the biggest are: mortgage rates, immigration and affordability.

I would argue things like the United States economy, mortgagee sales and what farmers are doing has a marginal influence on the market. Indeed, using these factors as arguments for where the market is heading is misleading.

Finish reading what The Landlord says here, and don't forget to post your comments and feedback.

Have a great weekend.
Warm regards
The Landlord

L A T E S T   H O T   L I S T I N G

Redecorated house on large section returning 11.7% yield Tokoroa $71,000 Very tidy 3 bedroom house with owners who want to rent back until December. There should be 20% equity in this property based on recent valuations on similar properties. Currently $160 rental per week. [More] Do you want to receive a news feed every time a new Gem is added, direct to your inbox? Click here to subscribe

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