Why The NZ Property Market is Unique | Ep. 64

In this episode, we discuss why the NZ property market is unique. We identify that because New Zealand is a long skinny country, which was colonised, our major cities are primarily port cities – based around large bodies of water. This is true for Auckland, Tauranga, Dunedin, Wellington, New Plymouth – and even Christchurch. This means that there is an area the city can't expand into. This means that inner-city land becomes more desirable because the new suburbs are further and further away (compared to if the city could expand in a perfect circle.  We also discuss that New Zealand is politically stable, has a relatively prosperous economy and is protected from many global headwinds. This causes the New Zealand property market to be particularly buoyant and robust. While it may seem attractive to invest overseas, we can sometimes forget, as New Zealanders, that there is a great property market that we can invest in at home.