Plenty of charts to take in for those visual learners this month, as we delve into regional listing inventory, sales volumes and investor behaviour.
Watch the CoreLogic Monthly Property & Economic Update for July 2019
The latest research from Auckland Cityscope shows that property sales value have decreased over the past three months.
The RBNZ led the way with the surprises in the last month – starting with the big OCR cut, but adding in debt to income reporting as well. Sales volumes in July also caught us by surprise – check out this months’ video to catch the detail.
Mortgaged multiple property owners (i.e. investors) accounted for 25% of property purchases across NZ in July, returning their market share to levels not seen since late 2016. This has reflected a bounce-back by smaller, ‘mum and dad’ investors, perhaps with only one rental property. The low returns available...