Scoop has an Ethical Paywall
Reinz & Tony Alexander Real Estate Survey: Buyers Still Standing Back As Prices Ease
There are many negative forces in play in the housing market currently — ranging from 3% to 3.5% increases in fixed mortgage rates, shortages of credit, shortages of construction staff and materials, net negative migration outflows, collapsed FOMO and soaring FOOP (fear of over-paying). The impact so far is an 86% rise in the stock of property listings from a year earlier, a decline in annual sales from 100,000 to 76,000, and an average 7.7% fall in prices.
The results of our latest survey of licensed real estate professionals throughout New Zealand have shown conditions to be broadly as weak as they were last month. Certainly not stronger.
access it online here.
Advertisement - scroll to continue reading
BNZ: A Quarter Of Older NZers Fear Going Online Due To Scam Concerns
University of Auckland: Scientists Develop Tool To Monitor Coastal Erosion In Fine Detail
Oji Fibre Solutions: OjiFS Proposes To Discontinue Paper Production At Kinleith Mill
Hugh Grant: Navigating Digital Adoption In New Zealand - Embracing Change For A Bright Future
Dawn Aerospace: Historic Flight - Breaks Sound Barrier And Global Records
SEEK: SEEK NZ Employment Report - October
