- CoreLogic head of research Jonno Ingerson says the Reserve Bank’s lending restrictions are having an impact on the market but property investors are looking for ways around them.
He says buyer demand should be strong at this time in the year as we move through spring and into summer, but it is now at mid-winter levels.
There are signs that that house prices in Auckland (except Auckland Central) have started to come back. While Auckland is cooling areas surrounding the the city are still strong.
Ingerson says there are signs Auckland investors are using their equity to buy in other areas of the North Island, as far south as Rotorua.
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