PHOTO: Nick Goodall | CoreLogic NZ
It has been three months since LVR restrictions were reinstated, and coming up to a quarter since the government announced its sweeping housing market changes in March, and experts say that there have not yet been signs of the predicted ‘mass exodus’ by investors.
Head of research Nick Goodall said that CoreLogic NZ has been tracking market activity since the changes were announced, and so far, numbers are looking “healthy, but not abnormally high.” He said low supply also remains a significant pain point, and, as we head into winter, we can expect to see a seasonal drop in valuations and sales.
“We have been tracking listings to understand whether the government’s March changes are leading to people divesting from the market,” Goodall said.
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