Is property investment at a turning point in New Zealand?

We may be at a turning point when it comes to property investment. 

Cotality data shows residential property is worth $1.66 trillion and still accounts for more than 50% of all household assets.  

But it also shows property sales and values are largely subdued.  

Chief Property Economist Kelvin Davidson told Kerre Woodham over the last couple of decades, strong capital gains and low interest rates were a big driver for the housing market. 

He says mortgage costs went down and selling provided capital gains as well, but this potentially won't last into the future. 

Davidson says property investment will probably need to be done a little bit differently, focusing on active management and cash flow rather than relying on capital gains.  

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