does the house market in NZ flucuate in the same economic cycle as the Oz Real estate market does ???
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Hi Kristine,
Welcome to the forum.
The housing market in NZ is driven by the same pressures as that in Oz, so will be as different as the two economies are.
Generally, this will be pretty similar, but difference can, and do occur, e.g. GST was introduced in NZ well before Oz, Oz has an established first home buyers scheme, but NZ is only starting out on that path.
Two significant factors that are always in the news are
Immigration - if one government introduced more restrictive policies on immigration than the other that may disadvantage the one in favour of the other.
Tax - Treatment of investors for tax is reasonably similar, but a change in that could occur any time create a change in the market.
Other than that, I think both markets will swing with the tide of the global economy over the long term.
Happy house hunting, and keep the questions coming. The depth of knowledge in the forum never ceases to amaze me.
CubeDFTBA
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