Source: MIL-OSI Submissions
Source: CoreLogic Market Pulse with Kelvin Davidson
It’s been a broad-based investor recovery in Q3
Mortgaged investors’ share of purchases was 25% in Q3, returning their presence to its highest level since late 2016. It’s not just a % market share rise either – the number of purchases has increased too. The rise in mortgaged investors’ market share has been seen across the country, and in Dunedin cash investment has also bounced back. Clearly, first home buyers – who have enjoyed a strong run lately – will now be facing more competition for purchases.