REINZ & Tony Alexander Real Estate Survey - September 2021

This month’s survey captures any initial effects of the nationwide lockdown. The responses from 325 real estate agents from all around New Zealand show minimal impact on sentiment and observations beyond an obvious reduction in attendance at Open Homes and to a lesser degree auctions.

For the first time in five months agents have reported that they are seeing more first home buyers in the market, while the stepping back of investment buyers continues. But fewer investors are selling, a shortage of listings continues to rank as the biggest concern of buyers, and concerns about rising interest rates are increasing.