Why ‘timing the market’ when it comes to New Zealand property is so difficult
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Why ‘timing the market’ when it comes to New Zealand property is so difficult
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In this episode of ‘From Failure to Fabulous’ Nikki talks with the Chief Executive of the Real Estate Institute (REINZ), Bindi Norwell about why trying to ‘time the market’ in the context of the New Zealand property market is almost always doomed to fail. They discuss the pressures building in the housing market and what’s likely to happen to prices once COVID-19 support factors like wage subsidies and mortgage holidays end. They also talk about effect of the wave of kiwis returning to New Zealand, changes to LVRs and why house prices have maintained record highs across most of the country despite the impact of the pandemic.
Biography:
Bindi Norwell is an experienced business leader and strategist who’s worked in New Zealand, Australia and the UK. She has a strong background in digital media and technology and more than 25 years experience in property, professional services, telecommunications and aviation. She’s been the Chief Executive of the Real Estate Institute of New Zealand (REINZ) for the past three and a half years.