What’s in store for the property market in 2017? Here are the top 10 predictions.

• GDP growth will track higher than expected due to rebuild requirements from the series of earthquake damages.
• Property will be a major beneficiary from the 2017 election promises.
• Interest rates will rise, but still near record lows.
• Investment intentions are sky high, but they’re showing signs of reaching the past cyclical peak.
• Demand for industrial space will remain strong, & expect a greater focus on rental growth from landlords.
• Inflation will intensify throughout 2017, which will lead to higher rents, & capital values will rise due to yield compression.
• Sales activity for off-the-plan apartments & terraced unit sales will rise in 2017, but supply won’t increase enough to satisfy demand.
• Rural & agribusiness sector will grow.
• Hotel occupancy & room rates will surpass current record highs.
• Residential & commercial confidence will be down in quake-affected & prone areas, resulting to reluctance to invest in those areas for a while.

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