Property is recovering, but is it enough?

Each week the NZ Herald and Newstalk ZB's Cooking the Books podcast tackles a different money problem. Today, it's the latest data and what could happen next for the housing market. Hosted by Frances Cook.<br /><br />Property is traditionally a favourite investment for many New Zealanders. <br /><br />Whether it’s their own home, or expanding to include a rental, it’s how many people plan to boost their wealth. <br /><br />That’s why so many were worried by the expected impacts of Covid-19. <br /><br />Property prices are often strongly linked to unemployment, and with unemployment expected to rise, many economists were predicting property prices could fall by between 10 to 15 per cent. <br /><br />So as we start to see how Covid pans out in reality, are those predictions coming true? The latest Real Estate Institute confidence report for June gives us the first indications.<br /><br />For the latest Cooking the Books podcast I talked to Bindi Norwell from REINZ<br /><br />We discussed what the latest property figures show us, what that means for buyers and sellers, and what could happen next. <br /><br />If you have a question you'd like answered in a future podcast, come and talk to me about it. I'm on Facebook here <a href="https://www.facebook.com/FrancesCookJournalist/" rel="noopener">https://www.facebook.com/FrancesCookJournalist/</a> Instagram here <a href="https://www.instagram.com/francescooknz/" rel="noopener">https://www.instagram.com/francescooknz/</a> and Twitter here <a href="https://twitter.com/FrancesCook" rel="noopener">https://twitter.com/FrancesCook</a>