NZ Recession: What it means for The Property Market?

In this video, George Simpson and Nathan Najib talk about New Zealand being in a Recession and what it means for the property market in NZ?
Get insights on how to navigate during a recession and how it is likely to impact the NZ economy.
Links:
2024 NZ House Prices - Predictions & Insights bit.ly/NZHousePredictions
Prepare Now: Winter is on it's way bit.ly/TroughRealEstate2024
00:24 What is a Recession?
04:46 Advice on navigating a Recession
07:44 Q & A from Previous our video "Why do you predict 2024 will be a chaos when you are not an economist?"
Join the conversation in the comments section - share your thoughts, or questions! Najib is here to engage with you and provide additional insights.
Don't forget to like, subscribe, and hit the notification bell to stay updated on our latest real estate tips and trends. Whether you're a local or looking to invest from afar, Najib Real Estate is your go-to source for all things Christchurch property.
Please feel free to contact us at:
Nathan Najib
027 514 0775
[e-mail]
Najib Real Estate
03 326 7914
116 Peterborough Street, Christchurch Central 8013
[e-mail]
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[@najibrealestate929]

Thanks everyone for the support on the channel. As mentioned in the video, please leave any questions you have and we'll make sure to answer them in our weekly videos. This helps us in continuing what we do to bring you all the latest trends and insights.

[@NaturalExplorerNZ]

Another really hollistic take on the current NZ market. Thanks again!

[@najibrealestate929]

Thanks for the support in the comments :)

[@matthew5680]

Insightful!

[@najibrealestate929]

Thanks!

[@1234piano]

Najib's advice is really worth listening to and considering.

[@najibrealestate929]

Thank you!

[@nelashharinarain3394]

Awesome video. Thanks for keeping it real.

[@najibrealestate929]

We always try, thank you :)

[@naveenadari8649]

Thank you once again sharing your insights.

[@najibrealestate929]

Happy you are getting value from the videos

[@kayrehc]

Sound advice mate! Appreciate the video

[@najibrealestate929]

Glad it was helpful!

[@naveenadari8649]

Hi Najib,
Any indicators that we should look out for that could hint that we are approaching the bottom?

[@nashinewzealand]

Hey Naveen, you can checkout their detailed video where Nathan has talked about 6 signs we are approaching the bottom (winter) 19:57 min
ruclips.net/video/jxToYw-tu78/видео.htmlsi=lpiffvbU3w6Pv1d3

[@najibrealestate929]

Hi there,
We discuss in detail the real estate cycle in this video: ruclips.net/video/jxToYw-tu78/видео.html&lc=UgykG--763txv6NIKSt4AaABAg
It will help you to predict when to buy and sell. If you're short on time, watch from 14:51 (5 Variables). You can use these 5 variables as indicators on when the bottom is approaching.
Thanks,
Najib Real Estate

[@adf12023]

Any advice for a first home buyer despite everything that is happening economically?

[@najibrealestate929]

Hi there,
As a first home buyer you are in a good position currently. Be patient and watch the market carefully. This video will give you the tools to predict when to buy and sell: ruclips.net/video/jxToYw-tu78/видео.html&lc=UgykG--763txv6NIKSt4AaABAg
We still believe the market will fall further into late 2024 and potentially early 2025. Keep the below variables in mind when buying (explained in the video above) and you'll be in a good position:
- Average house price vs last six months
- Inventory - Over supply of properties not selling
- Interest Rate Fluctuations
- Affordability
- Phillips Curve
If you prefer to read, see this article here: www.najibrealestate.co.nz/Social/Najib-Blog/NZ-Real-Estate-Predictions-Winter-is-on-its-way/

[@erikotte7908]

Like these videos- more realistic take on the market than you can find anywhere else. Predictions have been spot on....

[@najibrealestate929]

Thank you for taking the time to leave a comment, appreciate it!

[@kiwiradioNZ]

Love the truth here, media lie is true because they want eyeballs on headlines, insider knowledge as have worked with media closely as a shareholder. Subscribed!!

[@najibrealestate929]

Thanks the support in the comments :)

[@benjaminlusty91]

I'll buy a home when they come down to 70-75 ounces of silver.

[@edwardjohnfisk8936]

Recession - go back . Depression - go down.

[@edwardjohnfisk8936]

This situation will not reverse . It will go from bad to worse and then worse again.

[@najibrealestate929]

Thanks for the comment, keen to hear your thoughts on why you think it will go from bad to worse?

[@longwhitecloud6655]

The annoying back ground audio confuses the audially impaired. Just saying. Like your content other wise.

[@najibrealestate929]

Thanks for the suggestion, we'll take this into consideration in our next videos

[@flyingcrocodile4630]

Like watching snowflakes melt lol

[@hobo456]

Hahahhaa this guys knows nothing 😂😂😂

[@annegribben444]

Nathan you talk funny what's yr accent ...

[@najibrealestate929]

Nathan's orginally from Afghanistan, watch his full story here: ruclips.net/video/xvKBUelIUGw/видео.html