For the past 18 months, waiting has become the default position in New Zealand’s residential property market. Buyers have waited for mortgage rates to fall. Sellers have waited for prices to rise. Investors have waited for greater clarity around policy.
But waiting is not neutral, says Ray White New Zealand Chief Executive, Daniel Coulson. “Conditions continue to change while some Kiwis stand still.
The relevant question is not whether every indicator will improve, but whether postponing a decision is likely to produce a materially better outcome.”
The evidence provides no simple promise.