Ray White Now New Zealand 19.10.2020 Version 22 - 19 October 2020 - Page 17

If there are future risks in the market , why should buyers enter the market now ?
For most people , it is only apparent that a market has hit the bottom when it starts going back up again . Buyers trying to ‘ game the system ’ and wait to pick the bottom , could find themselves in a situation where a new set of market conditions apply . As a market starts to increase in value , listings become scarcer , buyer competition increases , interest rates have traditionally increased and purchasers run the very real risk of not securing their family home .
Longer-term , there seems to be broad agreement that New Zealand ’ s fundamentals will remain strong . Property investment has , and will always be , a long term investment and if finance continues to be provided on the current terms , and we have no reason to see why not , the purchasing power of buyers is expected to remain strong and be the main driver of buyer confidence .