Welcome to the first issue issue of Regional Property Insights for 2023, prepared by Tony Alexander with the support of First Mortgage Trust.
In this month’s Regional Property Insights for each region Tony looks at insights from two of his monthly surveys. At the NZ-wide level we can see evidence of the residential real estate market pulling back from the brink after the surge in pessimism and restraint following the record tightening of monetary policy on November 23.
The impact of that tightening three months ago was enhanced by the Reserve Bank warning about a recession and forecasting the unemployment rate rising from just over 3% to 6%.
Report by Tony Alexander - tonyalexander.nz
This publication has been provided for general information only. Although every effort has been made to ensure this publication is accurate, the contents should not be relied upon or used as a basis for entering into any products described in this publication. The material in this report is obtained from various sources (including third parties) - neither First Mortgage Trust nor Tony Alexander warrant the accuracy, reliability or completeness of the information provided in this report, nor do they accept liability for any omissions, inaccuracies or losses incurred, either directly or indirectly, by any person arising from or in connection with the supply, use or misuse of the whole or any part of this report. Any and all third party data or analysis in this report does not necessarily represent the views of First Mortgage Trust or Tony Alexander. To the extent that any information or recommendations in this publication constitute financial advice, they do not take into account any person’s particular financial situation or goals. We strongly recommend readers seek independent legal/financial advice prior to acting in relation to any of the matters discussed in this publication. No person involved in this publication accepts any liability for any loss or damage whatsoever which may directly or indirectly result from any advice, opinion, information, representation or omission, whether negligent or otherwise, contained in this publication.
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