Market Report – July

Market Values – What has been happening?
Over the last 12 months, Christchurch has seen an increase in 0.1%… Yes, an increase nonetheless. The average property value sits just above $495,000.
Who’s Buying Property at Present?
One clear trend in the over the past year or two has been the drop in activity by multiple property owners with a mortgage and an increase in first home buyer activity. Dunedin is the only city that has appeared to go against the trend. Christchurch showed a minimal change showing that investor activity still resembles.
*Sourced from CoreLogic