Investing post-lockdown

Sally asks:
(updated on Monday, July 27th 2020)

Until recently, I was thinking of buying an investment property in the near future. But now, with everything that is happening with coronavirus, I'm not sure that it's a good idea. But I understand house prices might go down a bit now. What do you think is likely to happen with the property market going forward? In a few months’ time, could it be a good time to buy a property?



Our Experts Answer:

There is probably going to be some short-term price decreases. That’s because of the flow on effect to the overall economy, especially from the lockdown period, and then how hard certain sectors – like tourism - feel this and the time it will then take for them to get back on their feet.

In May I read an economist’s opinion and he expects New Zealand to have its worst ever economic quarter coming up. But the key point was that he also believes that at some point in the following 12 months we will have our best ever quarter as the economy rebounds. There is no need to rush in and buy at present. Instead I would encourage you to get yourself into a position where you can purchase as at some stage there are going to be good opportunities that will present themselves.


Heartland Bank - Online 1.85
The Co-operative Bank - First Home Special 2.09
SBS Bank Special 2.19
TSB Special 2.25
The Co-operative Bank - Owner Occ 2.25
Kainga Ora - First Home Buyer Special 2.25
ICBC 2.25
AIA 2.25
Westpac Special 2.25
HSBC Special 2.25
ANZ Special 2.25
ICBC 2.35
HSBC Premier 2.35
Heartland Bank - Online 2.35
TSB Special 2.49
SBS Bank Special 2.49
Kiwibank Special 2.55
BNZ - Classic 2.55
The Co-operative Bank - Owner Occ 2.59
AIA 2.59
Westpac Special 2.59
ASB Bank 2.59
HSBC Premier 2.89
China Construction Bank Special 2.99
ICBC 2.99
SBS Bank Special 3.19
Kainga Ora 3.37
The Co-operative Bank - Owner Occ 3.39
TSB Special 3.39
AIA 3.39
Kiwibank Special 3.39
BNZ - Classic 3.39
ASB Bank 3.39
Heartland Bank - Online 1.95
Resimac 3.39
Kiwibank - Offset 3.40
Kiwibank Special 3.40
Kiwibank 3.40
Bluestone 3.49
Select Home Loans 3.49
ICBC 3.69
The Co-operative Bank - Standard 4.40
The Co-operative Bank - Owner Occ 4.40
Kainga Ora 4.43