The NZ home owner - an endemic endangered species?


30 years ago ago, an average house cost 2-3 times the average income. When property prices were at their peak in 2007 an average home cost over 6 times the average income

It has taken six years for the economy to recover from the recession that hit after 2007. The longest recession New Zealand has had since the great depression

In 1991, 76% of homes were owner/occupiers but by last year (2013) that was down to 63%

It is often talked about in the media, that it is foreign buyers buying up most of our properties. In reality, it is estimated that ownly 8% of NZ home purchases are made by overseas buyers.

For the remaining 92% of sales:

- 45% are property investors

- 28% are people moving between homes

- 19% are first home buyers

It's interesting to note too that approximately 8% of homes are being purchased with cash only.

The typical purhaser in New Zealand is a property investor, often with multiple properties who is looking for capital gain.

If you are looking at purchasing a Christchurch rental property then contact us today to discuss how we can support you with your investment/s

Kerry Fookes

Selwyn Property Management Ltd

Christchurch Property Management & the Rolleston and Lincoln Specialists

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Selwyn Property Management Ltd

Book your free rental appraisal

Lincoln Property Manager

Christchurch Property Management

10C Chaucer St

Rolleston 7614

 

(Located in the block of shops adjacent to the

Rolleston Fire Station)

PO Box 38, Rolleston 7643, Christchurch

 

T:  +64 3 347 0535

F:  +64 3 357 9994

enquiries@selwynproperty.co.nz

 

Operating throughout the following areas:

 

Riccarton

Rolleston

West Melton

Hei Hei

Hornby

 

Prebbleton

Lincoln

Darfield

Halswell

Dunsandel

 

Dunsandel

Springston

Leeston

Kirwee

Yaldhurst

 

 

Burnham

Templeton

Doyleston

Southbridge

Wigram

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