• Uncertainty is growing, but people’s positivity could keep the housing market strong for at least one more year.

In a review of the year just gone, property data firm CoreLogic says earthquakes, Brexit, and Donald Trump’s US Presidential election have all made the New Zealand property market much more uncertain.

An election at home this year, question marks about the Auckland market being overvalued, and the threat of further borrowing restrictions were also adding to concerns.

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wellington

JOHN NICHOLSON/FAIRFAX NZ
Wellington played catch-up last year, with prices rising more than 20 per cent.