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Source: MIL-OSI Submissions
Source: CoreLogic

Here at CoreLogic we’ve already rolled out the ‘Early Market Indicators’ report to track both pre-listing, and pre-mortgage activity, which will be of incredible interest as we move down through the levels (hopefully swiftly) and real estate activity starts to come back from its lock-down enforced slumber.

But to add to that it’s great to get a bit more colour and sentiment from the market, by way of surveys focussed on specific market segments.

Given the role investors play in our property market, they are an important group to gauge sentiment, as we navigate one of the most uncertain periods of our lives

Based on CoreLogic’s Buyer Classification data, in the first quarter of 2020, multiple property owners accounted for 38% of all residential property sales nationwide. This is the highest share of sales to this group since the end of 2016. Clearly investors continued to see value in the market – and understandably so, as rental yields strengthened and future capital gain looked likely.

But the question now is how active will investors remain across the residential housing market? The outlook for home values and rents is much less positive, so will they continue to invest in NZs largest asset class (by far), or look elsewhere?

With the help of Auckland Property Investors Association (APIA), we put together and sent out an investor’s survey (from 8-17 April) to their members and other contacts in the industry.