So it's a bit of a toss up between low interest rates and weak economies for those regions. Westpac 's Chief Economics , Dominick Stephens predicts that Auckland 's property prices will decrease in early 2016 . Stephens states that the slowdown that occurred in Auckland in Q4 2015 was " just the beginning . " Stephens does not think that the Christchurch market is looking optimistic either . His predictions outside of these two markets were mixed as he believes it depends on how exposed the areas are to livestock . Places such as Hamilton , New Plymouth , Palmerston North and Invercargill are all really exposed to dairy , therefore Stephen 's does not have high hopes for their respective property markets .
Westpac 's Chief Economics , Dominick Stephens predicts that Auckland 's property prices will decrease in early 2016 . Stephens states that the slowdown that occurred in Auckland in Q4 2015 was " just the beginning . " Stephens does not think that the Christchurch market is looking optimistic either . His predictions outside of these two markets were mixed as he believes it depends on how exposed the areas are to livestock . Places such as Hamilton , New Plymouth , Palmerston North and Invercargill are all really exposed to dairy , therefore Stephen 's does not have high hopes for their respective property markets .