Property

No ‘boom' but investor activity on the up, survey reveals

Estate agents are reporting an increasing number of investors' active in the property market, according to the latest BNZ-REINZ survey.

Friday, May 11th 2012

The survey quizzes licensed estate agents about the state of the property market and found that nationwide, just over 19% of agents have reported investors' buying property.

"This is a significant development not so much for the small increase from 15% in our April survey but because this makes four months in a row of agents reporting more investors," the report said.

Investor activity was especially pronounced in Hamilton, where 43.8% of agents' reported investors' buying, followed by Manukau City (42.1%) and Dunedin City/Otago (40%).

The survey also found an increase in the net percentage of agents' reporting first-time buyers' activity and a fall in the number of requests for written appraisals.

"The result of these changes is a surge to a record net 64% of licensed agents reporting that dwelling prices are rising," the report said.

"The April result for this measure was just 25% and in May last year a net 7% reported that prices were falling."

The report states that while clear evidence points to a rising house prices the market remains balanced with an absence of panic buying.

"Prices are increasing, but again we reiterate - as the Reserve Bank Governor did earlier this week - there is no ‘boom' underway. Just a growing level of interest from first home buyers and investors in particular and an absence of rush listings."

 

 

 

 

Heartland Bank - Online 6.69
SBS FirstHome Combo 6.74
Wairarapa Building Society 6.95
Unity 6.99
Co-operative Bank - First Home Special 7.04
ICBC 7.05
China Construction Bank 7.09
BNZ - Classic 7.24
ASB Bank 7.24
ANZ Special 7.24
TSB Special 7.24
Unity First Home Buyer special 6.45
Heartland Bank - Online 6.45
China Construction Bank 6.75
TSB Special 6.75
ICBC 6.75
ANZ Special 6.79
ASB Bank 6.79
AIA - Go Home Loans 6.79
Kiwibank Special 6.79
BNZ - Classic 6.79
Unity 6.79
Westpac Special 6.39
China Construction Bank 6.40
ICBC 6.49
SBS Bank Special 6.55
Kiwibank Special 6.55
BNZ - Classic 6.55
Co-operative Bank - Owner Occ 6.55
ASB Bank 6.55
AIA - Go Home Loans 6.55
TSB Special 6.59
Kainga Ora 6.99
SBS FirstHome Combo 6.19
AIA - Back My Build 6.19
ANZ Blueprint to Build 7.39
Credit Union Auckland 7.70
ICBC 7.85
Heartland Bank - Online 7.99
Pepper Money Essential 8.29
Co-operative Bank - Owner Occ 8.40
Co-operative Bank - Standard 8.40
First Credit Union Standard 8.50
Kiwibank 8.50

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