Investors appear to be scrambling to snap up as many properties as possible before further lending restrictions may be introduced, QV data shows.
“Some commentators are now trying to compare the real estate market to the sharemarket excitement leading up to 1987. It’s completely different.”
A new appointment by a real estate agency indicates it has big plans in store for growth.
Although the latest QV data shows activity and demand has picked up again in Auckland, the regions are flourishing says a real estate agency and an adviser.
A real estate agency has said the surprise cash rate cut is a positive for many Kiwis, especially first home buyers, as banks pass on the cut, even if only partially.
The real estate market in the regions is only getting stronger, according to the latest data from the Real Estate Institute of New Zealand.
The major bank has received the award for the third year running
The largest home loan lender has reduced two of its 'special' fixed interest rates
AIA Group and Zurich Insurance have lobbed bids to buy Sovereign and CommInsure