Many economists say that the NZ property market is going to flat for the next 2 – 4 years. What will cause future price growth? Population growth set against insufficient construction and new ways to get into the real estate.
There are at least three new tools released recently into the market aimed at boosting demand for housing.
- The BNZ Shared Ownership involves the bank partnering with company YouOwn.co.nz who will help property buyers get enough deposit to achieve the 20% minimum.
- Miuwi.com is an online start-up which matches people together into co-ownership of a home or investment property.
- The Property Crowd.co.nz is an equity crowdfunding platform similar to another group buying business The Ownery. WARNING: I did NOT link to The Ownery website because at the time of this email their website was NOT secure due to the expired SSL Certificate.
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