News & Research

Monthly Property Market & Economic Update for August / September now available

29 August 2017

This monthly report created by the CoreLogic NZ Research Team covers the main economic factors that influence the housing market, and then looks at sales volumes, values, and active buyer types in both the national and main centre housing markets.

Some highlights of the August / September 2017 report:

  • Market activity has hovered along its seasonal-low level throughout winter – up to 30% below activity levels from last winter. 
  • Buyer Classification: The surge of investors buying in Hamilton in the past two years, including from Auckland, is well and truly over. This will be due to a combination of rising values in Hamilton reducing gross yield and the difficulty in securing mortgage funding.
  • Multiple property owners in Christchurch have been consistently less active following the latest Reserve Bank lending restrictions announced in July last year.
  • Values: There are now pockets of the country showing values decreasing, including Waimakariri and Tararua as well as Buller and Grey District on the West Coast.

 To download the full report click here.

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