Economy on the up - figures out yesterday show the start of a turnaround, with 0.8% growth in the economy for the December quarter compared with 0.3% for the September quarter. This is the third consecutive quarter of positive growth!* A stronger economy, combined with other factors below**, is expected to set the stage for stronger house price growth next year. So, if you’re thinking of buying or trading up, now is a great time!

* Statistics NZ
** Economists continue to expect medium term housing shortages and price growth driven by strong demand (stronger economy, positive net migration and increased employment) relative to supply (low levels of residential construction, tight finance for property development with previous finance company channels no longer available, and rising costs of construction.