Spring Buyer Demand Remains Subdued

Date: 13 October 2017

Buyer demand in the first three weeks of spring has remained very subdued, suggesting that sales volumes for September will likely be low - a continuation from a weak winter. 
At CoreLogic we have a unique measure of market demand (which tracks the number of bank requested valuations to support mortgage lending). It has proven to be an accurate pre-measure of sales volumes and this was very quiet in the first few weeks of Spring when a seasonal lift is traditionally seen. 
Head of Research Nick Goodall explains: “All six main cities are far below activity levels experienced at the same time last year. The closely fought election race will have had its affect as potential property buyers awaited more information on whether they’d be the focus for any policy changes. And with the final Government make-up still in limbo the uncertainty for buyers remains.”
For this and other market insights such as the main economic factors that influence the housing market, sales volumes, values, and active buyer types in both the national and main centre housing markets – download your free copy of the September/October Property Market & Economic Update Report, created by the CoreLogic NZ research team. 

Tags: Property, CoreLogic, Auckland, Wellington, Housing, Real Estate, Property Market, Buying