Rising population may drive housing demand

New Zealand’s population is set to grow significantly, with Stats NZ forecasting an increase from 5.3 million today to over 6 million by 2040.

This growth is expected to be driven primarily by net international migration, accounting for approximately two-thirds of the increase, with the remainder resulting from natural population growth.

Naturally, any such population surge will likely have substantial implications for the property market. Increased demand for housing could lead to heightened competition for available properties, particularly in urban centres and regions experiencing rapid growth. This may result in upward pressure on property prices and rents, as well as increased demand for new housing developments.

For buyers, this environment could mean a more competitive market, necessitating swift decision-making and potentially higher purchase prices. Sellers may benefit from increased demand, potentially leading to quicker sales and favourable sale prices. However, the market dynamics will vary by region, depending on local population growth and housing supply.

Please introduce me to any of your clients who want to capitalise on New Zealand's growing population by investing in property. I would love to help them finance the purchase.