NZ Herald Report on Property

In contradiction to the report the herald posted only a few days ago they are noting that the property market or average home sales are dropping off, and without any study done at this point I'd say we are in the 7 year decline period (up five down 2).

The hiked up interest rates and regional council rates are dampening the sales turnovers as people especially first home buyers are taking longer to assess their financial status. We have to calculate the potential for future rate hikes and create a margin of safety.
Last year, home owners living in the the outter CBD limits and inner auckland area were selling due to the 10year rates increase planned and many families worried they won't be able to cover the costs. This would've affected several sales statistics where those families decided to move to the outer suburbs and take up new modern accommodations.

For investors, it could be seen as a potential prime time to buy up in the next 2 years in leiu to capture capital gains and sell to new immigrants and the first baby boomer wave. Aligning oneself to their needs will be crucial to capitalising on the net income on those sales.

More research would be required but I'm shooting from the hip on these but will come back with more detailed information as time draws on