Market Report Update

Market Values – What has been happening?

Over the last 12 months, Christchurch has seen an increase in 0.1%… Yes, an increase nonetheless. The average property value sits just above $495,000.

Who’s Buying Property at Present?

One clear trend in the over the past year or two has been the drop in activity by multiple property owners with a mortgage and an increase in first home buyer activity. Dunedin is the only city that has appeared to go against the trend. Christchurch showed a minimal change showing that investor activity still resembles.

*Sourced from CoreLogic