Andrew Nicol

speaker

331 appearances 1 recordings 1 series first heard Jun 2026 last heard 21 Jun

Andrew Nicol’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Jun 2026 with 1.

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The Prosperity Project · Prolific investor says property isn't dead · 21 Jun 2026 podcast

And then you overlay that with an election this year, the Donald Trump factor, oil prices, inflation, maybe higher interest rates.

All of a sudden, people are very, very nervous.

And the nervousness, that will put people off.

Everyone says they want to buy at the bottom of the market, but no one does, or very few people do.

Whereas most people, because we're herd creatures,

As soon as the market takes off again, we'll pile into that market.

I think it's quite... Christchurch at the moment feels a little bit like that.

So Christchurch has had... It started its recovery a bit earlier than Wellington or Auckland.

Now, as a result, we get so much inquiry from people wanting to invest in Christchurch.

Now, do I think there's still opportunity in Christchurch?

Absolutely.

But you are turning up to the party much later than an area like Wellington or Auckland where...

It's still undervalued.

Prices are still subdued.

There's probably more opportunity if you've got that long-term view.

So I think we all fall into this trap of recency bias.

And right now, if you live in Auckland or you live in Wellington and your house price is down and maybe you've got a rental property and that price is down, you could be forgiven for thinking it's never going to change.

Now, there's no...

stats that I know of that would suggest that there's been this massive shift and all of a sudden, you know, the Auckland market has just touched.

Like it's just, there was something wrong to begin with.

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