Tariffs and global uncertainty: potential affects on the NZ property market

Global trade uncertainty, driven by tariffs, presents mixed effects for the New Zealand property market. Slower economic growth could keep mortgage rates low, potentially boosting sales and prices.

However, this is counteracted by factors like household uncertainty and a high number of available listings, which currently favours buyers. Many borrowers are splitting mortgages between fixed and floating rates.

Overall, no major market swings are expected, with a modest, slow upturn in sales and values still anticipated for 2025.