REINZ & Tony Alexander - Real estate survey

Wondering what's happening in the property market? Here's the latest on the sentiment in the market from REINZ & Tony Alexander's September survey.

This survey gathers together the views of licensed real estate agents all over New Zealand regarding how they are seeing conditions in the residential property market in their areas at the moment. We ask them how activity levels are changing, what the views of first home buyers and investors are, and the factors which are affecting sentiment of those two large groups. 

In this month’s survey, agents report that they are seeing more people attending auctions and Open Homes, whilst pricing perceptions have risen strongly from our first survey back in May.

Far fewer investors now believe that they will find bargains, fewer buyers generally retain fears that prices will fall, and a net 81% of agents report that they are seeing property prices rising.

Listings remain in short supply and many buyers continue to report that getting finance is relatively difficult. In Auckland, there is no substantial evidence to suggest the recent lockdown has had a deleterious market impact.

For further information, please contact Dee Crooks, Head of Communications at REINZ, on 021 953 308.

This release was originally published on REINZ blog.