Property market slowing but safe from a crash - Martin Hawes
The latest figures from Quotable Value on house prices are out at midday today. And as Auckland’s red hot property market shows signs of cooling, economists believe the next couple of months are critical in determining what will happen in the year ahead.
Financial advisor Martin Hawes joined Paul Henry on the show to discuss the topic.
He says it’s still a good idea for first home buyers to get onto the property ladder, even in Auckland.
Mr Hawes says despite the market slowing, there is still enough demand, immigration and a lack of supply which will prevent a crash.
Watch the video for the full interview.