The year ahead - Property Outlook for 2022

We wanted to start this month’s blog by saying happy holidays to everyone, well done on getting through a challenging year and we wish you all a safe New Year. If you’re anything like the team here, you’re looking forward to a hot summer with plenty of cold drinks and minimal talk of Covid. For us, this time of year is always about reflecting internally as an organisation, celebrating our successes while identifying key areas we want to improve in the year to come. We’d encourage everyone reading this blog to spend at least a little time over the break thinking about your financial goals for 2022. To help, we are dedicating this month’s blog to look ahead at what we think the year to come has in store.

A cooling property market in 2022?

Property prices have exploded over the last few years, and no matter where you sit on the ladder you’ve probably come to the same conclusion we have; in the long run it’s unsustainable.

That’s why we can say we’re honestly glad to predict that in 2022 the market will cool slightly. We don’t think it’s going to be a full-blown buyers market, and it certainly won’t be a crash. Instead what we’re predicting is a slight cooling off and maybe a small decrease in prices toward the back end of the year. What this means for buyers is that there will likely be some fantastic opportunities. We’d encourage you to ensure your ducks are in a row so you are prepared to buy. If you need help planning don’t hesitate to contact us today.

So the question, particularly for owners, becomes why is the market going to flatten? We’ve provided a list of reasons below but to summarise demand is going to drop and supply will increase which will level off the playing field. We’ll also have a period in which sellers will expect to realise the high prices they have seen in the past but buyers won’t be willing or able to pay these prices meaning more properties passed in which in turn will trigger a change in market expectations. 

Looking back at 2021 and ahead to 2022

In 2021 we felt we had a great year. One of our goals as a business is to take the fear out of finance for everyday New Zealanders. We were incredibly proud to be asked to give advice on The Rock at the beginning of the year and now on George FM as well. We thrive when offering expert advice and insights in a commonsense way that is easy to understand and being asked to do it on radio was testimony to the fact that people saw value in our approach. For those of you who have been following us on the radio, we hope you’ve enjoyed the banter, but most of all we hope that you were able to use the information we share to improve your financial position.

In 2022 we have big plans for the business. Our main goals are to grow our team and to continue to develop new ways in which we can add value for our clients. As always, we’ll continue to deliver expert advice in a way that is easy to understand and helps everyday Kiwi’s  get ahead.

Get free money from the Government to grow your business

If you’ve been running a business in Auckland in 2021 then you’ll be well aware of the challenges that Covid posed, but hopefully, you’ve also heard of the MBIE Activate Auckland business grants that can go a little way to alleviating some of the pain. There are a few different grants available, but the two standouts are:

Business advice grant –  This grant is for up to $3,000 and it allows you to get expert advice and support to ensure your business keeps moving forward regardless of what Covid throws your way. It can help with areas like financial planning and cash flow management, developing your marketing strategy, creating a digital media plan, or help with your overall business management, continuity, and strategy. All of these areas are particularly important and will help to ensure that your business has the right plans in place to continue thriving regardless of the Covid situation in 2022.

Implementation grant – This grant is for up to $4,000 to implement advice or plans. For a lot of businesses, the reality is that they have a roadmap or plan for the future but might not have the cash reserves to make it happen. This grant can put you in touch with the experts and services you might need to turn these plans into action.

If either of these grants feel like they would be helpful we’d really encourage you to register here, or get in touch if you need a hand.

See you next year

So that’s it from us for 2021. Again we wish you a happy holiday and a safe new year. 

Rest assured that if anything urgent pops up you can simply call us on 0800 888 482 or email us at support@moneymen.co.nz

Otherwise, we’ll be back in the office on the 17th of January ready to kick into a massive 2022. 

 

Author