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Positive Moves

Property investors started 2019 with very uncertain expectations for the year ahead. Auckland property sales were declining; Sydney and Melbourne’s prices were also declining rapidly – presenting a concern for New Zealand property values; housing policy and tax changes were imminent; and property market commentators were commonly predicting a collapse.

But balanced against those potentially dire denouements, was the plain fact that population growth was still strong, interest rates were low and there was a shortage of available housing across most of the main centres.