frankv:

 

Jas777:

 

Going to be interesting to see what happens next year, from younger people I talk to there could be a mass exodus of 20 - 25 year old coming in 2023.

 

 

And presumably less demand for housing, perhaps even a surplus? And locals will have the opportunity to spend their money on overseas holidays again, so less cash slopping about looking for investment opportunities. So a (somewhat overdue) correction of the housing market.

 

Although 20-25yr olds don't tend to be First Home buyers in the current market, whether there will be enough inward migration to keep the rental sector buoyant is probably the big question... mind you apparently inner city rents on rentals in inner city Auckland apartments have been falling since last year.... 

But on the plus side, physical assets tend to do OK in periods of higher inflation..

Real bank yields are now negative, the stock market does appear to be rotating into sectors that do better in inflationary times and also away from lockdown stocks.. (anyone got caught with PTON)...

So again its a "on one hand" but " on the other hand" situation...