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Property market's 'longest and deepest downturn' in 30 or 40 years (www.rnz.co.nz)

submitted 1 day ago by Ilovethebomb@lemmy.nz to c/newzealand@lemmy.nz

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I love it when our media tries to pretend good news is actually bad news. Houses are more affordable than they've been in decades, first home buyers are actually able to buy, investors are fucking off.

Good times.

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[–] Ilovethebomb@lemmy.nz 5 points 1 day ago

Some of the reporting around investors etc says they're looking much more closely at what revenue the property can create, because it's not a given that the property will increase in value.

Which is how property should be viewed, the idea that prices only go up needs to change.