Surge in investor activity sees home values soar across NZ

Surge in investor activity sees home values soar across NZ from Gabrielle Elborough

By: Gabrielle Elborough  07-Jul-2016
Keywords: Shore Real Estate Sales Consultant, Qv Corelogic,

Surge in investor activity sees home values soar across NZ

Published by QV CoreLogic 05 July 2016

Extracts (with link to full article at the end):

The latest monthly QV House Price Index shows that nationwide residential property values for June have increased 13.5% over the past year. Values rose by 5.6% over the past three months. The Auckland market has increased 16.1% year on year and 4.7% over the past three months. QV National Spokesperson Andrea Rush said, “Many housing markets around the country are continuing to be driven by strong investor demand, low interest rates, rapid price growth in the Auckland market and strong net migration.”

“In terms of the main centres, the Hamilton market saw the highest growth, up 29.0% over the past year, and Auckland, Wellington and Dunedin markets are also seeing rapid value growth of between 4.0% and 5.0% over the past three months.”

“The latest CoreLogic Buyer Classification data shows the share of sales in Auckland to investors is now at 46.0% of all sales, up from 37.0% in 2012.”

“The Reserve Banks is considering introducing further restrictions on property investors and it appears this may have led to a surge in investor purchases in various housing market around the country over the past month.”

Full report: https://www.qv.co.nz/resources/news/article?blogId=230

Keywords: Qv Corelogic, Shore Real Estate Sales Consultant,

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