It’s shocking. Desperate Kiwis are now moving to the provinces in search of affordable housing. Is it too late to resolve this escalating crisis?
They say it can’t be done, but here at Wealth Morning we attempt to broadly forecast what’s coming next for the economy. In this section we are looking at the property market.
Once you understand the underlying forces which drive the economy, you will have access to insight that few people ever attain.
It has less to do with the movement of central banks or the stock market. Or movements in interest rates, inflation, or some other mechanism.
It’s based on the real estate market.
What happens in the real estate market underlies the economic cycle. And the cycle simply continues to repeat.
Property Markets History
A man by the name of Homer Hoyt identified the repetition of this real estate cycle in a book written back in 1933, called ‘One Hundred Years of Land Values in Chicago.’
A study of history as Homer Hoyt did it, with a focus on land values, proved the economy moved in a very clear sequence of roughly 18 to 20 year cycles.
It’s directly related to land and property price and it repeats regardless of government policies and the type of government in power.
And nothing has changed since Homer Hoyt wrote the book in 1933. The real estate cycle simply keeps reaffirming itself.
The financial reforms initiated after the global financial crisis, have only guaranteed yet another real estate cycle, as that crisis was not financial in nature.
It was a land crisis
And whilst the underlying cause of the cycle is ignored, the real estate cycle must repeat.
It’s the latest edition of our radio show. Join our panel of experts as they discuss money and strategy with former fighter pilot Steve Ankerstar.
Are you thinking of buying property during this COVID-19 recession? Here are the top 5 things you need to consider before you make this strategic move…
It’s the latest edition of our radio show. Join our panel of experts as they discuss how financial planning can help steer you through this stormy economy.
It’s the latest edition of our podcast radio show. Join our panel of experts as they discuss the benefits of using a mortgage broker to buy property.
It’s not quite a bull. It’s not quite a bear. Here’s how you could position yourself to capture long-term value during this kangaroo market.
Are you a Lifetime Wealth Investor? If you are, you might have scored tidy profits of 61.7% and 30.1% with these two real-estate picks.
Despite COVID-19 and social tensions, global markets are experiencing an upswing. Here’s our exclusive look at how you could position yourself to benefit…
Richard Piechazek is one of Auckland’s best mortgage brokers. In this exclusive interview, he talks about the challenges and joys of working in property.
It’s the latest edition of our radio show. Former BNZ Chief Economist Tony Alexander joins us and reveals the exciting road ahead for the global economy.
In the aftermath of COVID-19, Western manufacturers are now looking to disengage from China. This represents a fresh and daring opportunity.
Do you enjoy a good glass of Pinot wine? Then maybe it’s time you looked at investing in this hidden growth opportunity…
Is the worst of the pandemic already over? From stocks to property, we take a deep dive and explore which assets will benefit from a recovering economy.
The COVID-19 pandemic has hit the Kiwi economy hard. How will our property market fare during this storm? Here’s our critical analysis…