Residential Property Market Outlook Survey Quarter 4 2019

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Positive sentiment rising

Colliers’ quarterly market outlook survey asks residential property market participants if the median house price will stay the same, decrease, increase by less than 5%, or increase by more than 5% over the next 12 months across New Zealand. 

Highlights of our December 2019 quarter Residential Property Market Outlook Survey:

  • A wave of positivity swept the nation in our latest survey with a significant lift in expectations for the median price next year.
  • A net positive* 41% of respondents expected the median price to increase in the next 12 months, up from a net positive 18% recorded in the September 2019 quarter survey.
  • For the first time since the September 2017 quarter, all 13 regions achieved a net positive score. This has led to the highest national score since the March 2017 quarter.
  • Queenstown remained in first place with a net positive 63% and Tauranga/Mt Maunganui remained in second place with a net positive 55%.
  • After a relatively sombre year, respondents this survey were feeling much more upbeat for Auckland’s future, pushing it to third place. The median price outlook for the Auckland region achieved a net positive score of 49%, up significantly from the last quarter which recorded a net positive score of 6%.
  • In addition to the surge in Auckland, median price expectations in Rotorua, New Plymouth, Palmerston North, Christchurch and Dunedin have almost doubled since the last survey.
  • When asked what could have the biggest positive impact on the market in 2020, the most common response included low interest rates, followed by a change of government.
  • When asked what could have the biggest negative impact on the market in 2020, the most common response included election uncertainty, followed by global uncertainties.
  • A total of 4,518 responses were utilised to construct this survey.
 Find the link to download and view the report below, or CLICK HERE to view more Colliers Insights.

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Residential Property Market Outlook Survey Quarter 4 2019

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Chris Dibble

National Director | Colliers Partnerships, Research & Communications

Auckland CBD

My Colliers Partnership priorities focus on support initiatives that drive collaboration, best practice learning, cost efficiencies and growth opportunities across the wider Colliers International New Zealand franchise network. I also oversee the collaboration and delivery of award-winning research reports and communications for Colliers. With over 13 years of experience and university qualifications in economics, geography, marketing and property. I have a multi-disciplinary approach that assists a broad range of clients and internal stakeholders. I am a regular presenter and market commentator, often discussing the latest insights on current and future property trends. I also work with in-house and external writers to curate an audience-focused content delivery strategy for Colliers.

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