New Zealand's biggest bank, ANZ, has downgraded its forecast for property prices this year. 

It says its previous forecast of 5% is looking unrealistic as the OCR looks to be making a turn soon and market prices are already falling - now saying a 2% rise is more likely. 

Meanwhile, economists are laying out their predictions for when we'll see the OCR make that turn. 

Many say it won't be until 2027, but some are predicting a rise as soon as the second half of this year. 

LISTEN ABOVE

New Zealand's biggest bank, ANZ, has downgraded its forecast for property prices this year.&nbsp;
It says its previous forecast of 5% is looking unrealistic as the OCR looks to be making a turn soon and market prices are already falling - now saying a 2% rise is more likely.&nbsp;
Meanwhile, economists are laying out their predictions for when we'll see the OCR make that turn.&nbsp;
Many say it won't be until 2027, but some are predicting a rise as soon as the second half of this year.&nbsp;
LISTEN ABOVE

Home is where the heart is, and there’s no question that Kiwis LOVE property. Newstalk ZB’s OneRoof Radio Show is a full-house of property talk, tips and tricks. 

Leading industry experts join us to discuss and debate the latest in market trends, investments, DIY and much more. Step inside The OneRoof Radio Show and make yourself at home.

Home is where the heart is, and there’s no question that Kiwis LOVE property. Newstalk ZB’s OneRoof Radio Show is a full-house of property talk, tips and tricks. Leading industry experts join us to discuss and debate the latest in market trends, investments, DIY and much more. Step inside The OneRoof Radio Show and make yourself at home.

Home is where the heart is, and there’s no question that Kiwis LOVE property. Newstalk ZB’s OneRoof Radio Show is a full-house of property talk, tips and tricks. 

Leading industry experts join us to discuss and debate the latest in market trends,...

The OneRoof Radio Show

Bryan Thomson: "Fast, simple way" of working out the property market

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/b4046b03-171b-44a0-86d3-b3e30044c2fe/transcript

Who hasn't at some stage in their life been a landlord or tenant?

For many people, it's the first time they have to think about contracts and legal obligations - but are there red flags which should have you as a landlord rejectying a particuolar tenant - and like wise as a tenant that have you looking for somewhere else to live.

LISTEN ABOVE

Who hasn't at some stage in their life been a landlord or tenant?
For many people, it's the first time they have to think about contracts and legal obligations - but are there red flags which should have you as a landlord rejectying a particuolar tenant - and like wise as a tenant that have you looking for somewhere else to live.
LISTEN ABOVE

Mike Atkinson: Red flags tenants and landlords miss

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/22fdfb71-e1c8-4053-9c20-b40d0049f148/transcript

New builds and townhouses alike have become the best option for first home buyers looking to get into the market. 

Townhouses offer a lower-cost alternative to standalone homes without having to fully commit to apartment living, and new builds often mean low-deposit loans and easier access for first home buyers. 

Problem is, the boom of new build townhouses is quickly slowing down - they're no longer classed as new builds, thus no longer as easy of a first option. 

It's not just a problem for potential buyers - it also means that those looking to sell the townhouses they purchased new a few years back, are waiting much longer for them to sell for not much more than what they were purchased for. 

LISTEN ABOVE

New builds and townhouses alike have become the best option for first home buyers looking to get into the market.&nbsp;
Townhouses offer a lower-cost alternative to standalone homes without having to fully commit to apartment living, and new builds often mean low-deposit loans and easier access for first home buyers.&nbsp;
Problem is, the boom of new build townhouses is quickly slowing down - they're no longer classed as new builds, thus no longer as easy of a first option.&nbsp;
It's not just a problem for potential buyers - it also means that those looking to sell the townhouses they purchased new a few years back, are waiting much longer for them to sell for not much more than what they were purchased for.&nbsp;
LISTEN ABOVE

Nichole Lewis: Townhouses are a bad investment

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/42531692-5048-4131-ae48-b4060041b44f/transcript

Mum and dad investors are pulling out of the property market. 

The housing market is shifting to focus on the needs of your everyday owner-occupier, but the demand for rentals as still as high as ever and it doesn't look like that will change any time soon. 

The problem is that, among other reasons, the cost of running a rental is at an all time high, debt-to-income and loan-to-value ratio rules have blocked a lot of access to funding, and long-term capital gains aren't what they once were - all leading to more professional property investors.

LISTEN ABOVE

Mum and dad investors are pulling out of the property market.&nbsp;
The housing market is shifting to focus on the needs of your everyday owner-occupier, but the demand for rentals as still as high as ever and it doesn't look like that will change any time soon.&nbsp;
The problem is that, among other reasons, the cost of running a rental is at an all time high, debt-to-income and loan-to-value ratio rules have blocked a lot of access to funding, and long-term capital gains aren't what they once were - all leading to more professional property investors.
LISTEN ABOVE

Mark Harris: Is this the end of mum and dad investors?

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/91970ddc-dedc-4268-8de6-b3ff0045cfbc/transcript

Bryan Thomson: "Fast, simple way" of working out the property market

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