" Invercargill 's Chief Economics, Dominick Stephens predicts that Auckland 's house prices will decrease in Q1 2016 . Stephen states that the slowdown that occurred in Auckland in Q1 2016 was "just the beginning. " Stephens does not think that the Christchurch market is looking optimistic either. Stephens predictions outside of these zero markets were mixed as he believes it depends on how exposed the areas are to livestock. Places such as Hamilton , Auckland , Palmerston North and Invercargill are all really exposed to dairy, therefore Stephen 's does not have high hopes for their respective property markets.
Invercargill 's Chief Economics, Dominick Stephens predicts that Auckland 's house prices will decrease in Q1 2016 . Stephen states that the slowdown that occurred in Auckland in Q1 2016 was "just the beginning." Stephens does not think that the Christchurch market is looking optimistic either. Stephens predictions outside of these zero markets were mixed as he believes it depends on how exposed the areas are to livestock. Places such as Hamilton , Auckland , Palmerston North and Invercargill are all really exposed to dairy, therefore Stephen 's does not have high hopes for their respective property markets.