There is the old argument that a good time to buy (if you are going to hold for a period) is “anytime” as, historically, property in NZ rises over time.

Picking the absolute best time to buy is more good luck than good management and no-one knows exactly when the interest rates will bottom-out completely or when general property prices will stabilise and start increasing again.

What we do know is that rates are great at the moment and look to remain so for the foreseeable future. Adding to this, property prices remain subdued – certainly in Auckland – in comparison with periods where they’ve experienced rapid uplift in values.

Right now, rates are low, immigration is still positive, rental demand is getting better after a dip and build costs are still high. Fundamentally, it is relatively unique to have all these factors working together and have purchase prices remain reasonable (or as reasonable as they can be).

We are seeing more first home buyers finding properties and, more recently, investors coming back into the market. Both groups are securing and settling on properties quicker than before as well.

So, is now a good time to buy? It always comes down to your personal situation, but it is certainly a good time to see how much you can afford – you might be surprised at what you can get.

Whether you are a first home buyer or a seasoned investor, it is a great time for a quick call to check out the options and review your ability to borrow.