Momentum is growing for property investors
With the proportion of sales going to multiple property owners at its highest levels since the market peak in 2016. The most significant activity is in the main centres, including Hamilton, Tauranga, Christchurch and Dunedin. But it’s Auckland that’s getting all the attention since investors have been pretty quiet in the city of sails for three years.
Mortgaged investors have now overtaken first-time buyers as the most active property shoppers, making up 28% of the market. The most common type of investor is one with just a single investment property, making up 13% of the Auckland market. CoreLogic notes, too, that there are definitely bargains to be had in the Auckland apartment market – if you’re interested, our sales team can help you find one!