Riding out the cycle

Most people know that price growth in the Auckland market has been trending down for some time but that, at the same time, some other markets are still returning strong results.

This two-speed market has been at play for awhile now and that’s leading to much speculation, some of it verging on apocalyptic, about the future of the market.

But, in reality, it’s all just part of the latest property cycle, according to Gilligan Rowe & Associates managing director Matthew Gilligan.

Speaking at the GRA Property Leaders Event last weekend, he told the audience that this cycle peaked in 2017 and the market is now in the grips of a “growth hangover”.