Tony Alexander

Economic Commentaries

The full pdf version of the Weekly Overview is contained here.

Residential Real Estate Strong

Monday August 12th 2013

The 253 licensed real estate agents who responded in our survey this month have noted a falling away of first home buyers in the market but still strongly rising prices and an over-whelming perception that it is a seller’s market throughout most, but not all, of New Zealand. In contrast with the previous two months when agents noted a falling away of potential vendors asking for valuations, this month there has been an improvement, but only to a net 0%. Our BNZ Business Survey contained over two pages of responses from people in the residential real estate sector telling us that listings are scarce however and getting scarcer.