All residential properties in New Zealand now hit a total value of over 1 trillion dollars, according to QV.
• Though sales volumes in the market were down due to LVR limits, investors still pick up 40% of sales & first home buyers 21%.
• Auckland investors ventured to Dunedin, first home buyers in Christchurch got back into the market, but investors remain strong in both cities.
• In Wellington, 31% of sales were from first home buyers, 36% from investors & 20% owner-occupiers.
• Investor presence in Tauranga remains very high, accounting for 46% of sales, & Hamilton has been attractive to Auckland investors, gaining a total investor purchases of 47%.