Scoop has an Ethical Paywall
REINZ & Tony Alexander Real Estate Survey: Buyers In No Hurry For Now
Our fourth survey of licensed real estate agents for 2022 has revealed conditions to be as weak as they have been since the start of the year. First home buyers and investors have backed away, agents report that prices in their area are falling, FOMO is all but gone to be replaced by a record level of FOOP (fear of overpaying) and interest in property from offshore has reached a two-year low.
Agents continue to report that buyers have few worries about their employment and listings are abundant. However, rising interest rates are increasingly concerning and while worries about securing finance has eased slightly, it still remain a significant concern of buyers.
Access the report online here.
Advertisement - scroll to continue reading
Spark: New Report Sets Out Outcomes-Led Approach To Lift Rural Connectivity Using The Right Mix Of Technologies
Bill Bennett: Fixed Voice Rules Head For Deregulation
UN Department of Global Communications: United Nations Proposes New Global Dashboard To Measure Progress Beyond GDP
Banking Ombudsman Scheme: Fraud Check Delays Well Worth The Inconvenience, Says Banking Ombudsman
Asia Pacific AML: NZ’s Financial Crime Gap - Beyond The 'Number 8 Wire' Mentality
Westpac New Zealand: Kiwi Households Adapting Despite Widespread Cost Pressure Concerns, Westpac Survey Shows
