Is it still worth investing in property?

<p><strong>Each week BusinessDesk and the NZ Herald’s Cooking the Books podcast tackles a different money problem. Today, it’s how to handle a falling property market, whether you’re an investor or first home buyer. Hosted by Frances Cook.</strong></p> <p>Slides at the park might be a bit of fun, but when it comes to the property market, the latest downward slide has probably not left many people laughing.<br>Real Estate Institute data shows sales are way down, 39 per cent year-on-year, while Auckland house prices have fallen 18 per cent to a new median value of $1.05 million.<br>The median sale price for New Zealand overall fell over the past year by 12 per cent to $790,000.<br>Now property always has winners and losers. Frankly, a lot of first home buyers will be excited to hear this, and feel like now is a great time to be buying. They’re not wrong.<br>However, I’ve also had lots of messages from people who would like to invest in property at some stage, wondering if that’s still a good idea, or if the best time has been and gone.<br>You know me, I love to make sure we’re answering your burning questions.<br>So let’s get into it – what do you need to know if you’re a first home buyer, how is it different if you want to invest, and are there any mortgage tips and tricks to help you out along the way?<br>For the latest podcast I talked to Ed McKnight from Opes Partners<br>If you have a question about this podcast, or a question you'd like answered in the next one, come and talk to me about it. I'm on <a href="https://www.facebook.com/FrancesCookNZ/">Facebook here</a>, <a href="https://www.instagram.com/francescooknz/">Instagram here</a>, and <a href="https://twitter.com/FrancesCook">Twitter here</a>.</p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>