NZ net migration plummeted from 128k to just 19k while new home consents jumped 21%.
The power has officially shifted to buyers. Is the property boom over? 📉🔑

NZ net migration plummeted from 128k to just 19k while new home consents jumped 21%.
The power has officially shifted to buyers. Is the property boom over? 📉🔑
A consent permits building; it doesn't prove occupancy. In a Stats NZ sample, 87.5% of homes consented in late 2020 had completion certificates three years later. Who moved in, and could they afford it?
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A perfect storm of falling rates, KiwiSaver equity, and RBNZ rules has locked in first-home buyer dominance. Expect this orderly, owner-occupier market to rule Waikato for a while.
Don't expect a rapid rebound. Economists project New Zealand house prices won't return to their 2021 peaks until late 2029, driven by high rates and increased supply.
First-home buyers are crushing it in Waikato. They now make up over 26% of all home buys (up from the 20% average), with half leveraging low-deposit rules.
Auckland’s townhouse glut won't last. Consents are down 30% and the supply surplus will clear in 18 months. The window to lock in discounted, cashflow-neutral assets is closing fast. ⏳
Auckland's lower-quartile housing prices dropped 5.6% in just three months to $755k. Is the City of Sails finally becoming affordable for first-time buyers, or will rising rates wipe out the gains? ⛵