New Zealand Property Investors' Federation
The NZPIF is the umbrella body for 17 local Property Investors' Associations throughout New Zealand.
CoreLogic head of research Nick Goodall said, “While this level of growth over one month is exceptional, it is perhaps not unexpected given that the previous drop was a surprise.”
He said, “This bounce back is likely reflective of a volatile upper tier of the market which has a limited amount of potential buyers, especially given recent credit tightening. Low listings in the capital mean some price pressure remains, especially in the price bracket below $675,000 where annual growth hovers just under 10%.”
Read the rest of the CoreLogic report here