{"id":3425,"date":"2019-06-24T08:59:11","date_gmt":"2019-06-24T08:59:11","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=3425"},"modified":"2024-09-18T13:06:54","modified_gmt":"2024-09-18T06:06:54","slug":"kiwis-optimistic-about-property-price-rises","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/kiwis-optimistic-about-property-price-rises\/","title":{"rendered":"Kiwis optimistic about property price rises"},"content":{"rendered":"<p>New Zealand residents expecting median prices to rise outweigh those expecting a decline<\/p>\n<figure id=\"attachment_3426\" aria-describedby=\"caption-attachment-3426\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-3426\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/06\/shutterstock_1261666582-2.jpg\" alt=\"\" width=\"1000\" height=\"667\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/06\/shutterstock_1261666582-2.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/06\/shutterstock_1261666582-2-300x200.jpg 300w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/06\/shutterstock_1261666582-2-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-3426\" class=\"wp-caption-text\">The Auckland skyline as seen from Stanley Point Bay. Sorang\/Shutterstock<\/figcaption><\/figure>\n<p>More than half of New Zealand residents expect the government\u2019s rejection of the Tax Working Group\u2019s tax report to have ramifications on property prices.<\/p>\n<p>In a survey by Colliers New Zealand, around 52 percent of respondents believed the government\u2019s decision in April to not implement a capital gains tax would influence prices. Only 34 percent believed to the contrary while 14 percent were \u201cnot sure\u201d.<\/p>\n<p>Prime Minister Jacinda Ardern had said that no consensus had been reached within the government on the capital gains tax recommended by the Tax Working Group in February.<\/p>\n<p>Eighty-four percent of respondents who believed prices would be influenced by this decision expected them to increase.<\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/is-your-city-tourist-ready\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>More: Is your city tourist-ready?<\/strong><\/a><\/p>\n<p>\u201cNow that the coalition government has rejected the tax in this or any future term, sentiment is gaining positivity,\u201d Colliers International research and communications director Chris Dibble said via NZ Adviser.<\/p>\n<p>The survey, based on 9,614 responses, marks the first time since the March 2018 quarter that the national net positive result has not decreased. Expectations for the median price over the next 12 months look to have stabilised with a net positive 16 percent recorded in the June 2019 quarter, up slightly from 15 percent recorded in the March 2019 quarter.<\/p>\n<p>Overall, respondents expecting median prices to rise over the next 12 months outnumber those expecting a decline, the survey showed.<\/p>\n<p>Of the 13 regions monitored by Colliers, 10 showed a higher net percentage result in the June quarter than the previous quarter. Queenstown led with 48 percent of respondents expecting higher median sale prices over the next 12 months, although Rotorua made the biggest leap from a net positive of 7.2 percent in the March quarter to 21 percent in the June quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Zealand residents expecting median prices to rise outweigh those expecting a decline<\/p>\n","protected":false},"author":8,"featured_media":20135,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92],"tags":[184,183,181,182],"class_list":["post-3425","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-auckland","tag-christchurch","tag-new-zealand","tag-wellington","news_country-rest-of-the-world","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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