Welcome to: BNZ-REINZ Residential Market Survey Results

 

 

Buyers Market Prevails - Though Not Everywhere 

Good morning everyone.

Our September BNZ-REINZ Residential Market Survey has found results very similar to August with buyers more motivated to transact than sellers on average (a sellers market), prices strongly perceived to be rising, but not all parts of the country displaying such price strength. In particular price weakness is seen by agents in Northland, Taranaki, and Nelson/Marlborough/West Coast.

With NZ interest rates set to remain low for quite some time the residential real estate market is likely to remain in favour of sellers for an extended period.

Best regards
www.tonyalexander.co.nz
www.facebook.com/tonyalexandernz

Tony Alexander
Chief Economist

Bank of New Zealand

Survey Sept 13 Survey Sept 13 (50 KB)

 

Any views expressed in this publication are the views of Tony Alexander and do not necessarily represent those of BNZ, or its related entities. The information in this publication is provided for general information purposes only, and is a summary based on selective information which may not be complete for your purpose. To the extent that any information or recommendations in this publication constitute financial advice, they do not take into account any person's particular financial situation or goals. Bank of New Zealand recommends that you seek advice specific to your circumstances from your financial adviser. Neither Bank of New Zealand nor any person involved in this publication accepts any liability for any loss or damage whatsoever may directly or indirectly result from any advice, opinion, information, representation or omission, whether negligent or otherwise, contained in this publication.


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