Investor activity muted nationwide, large variations across regions

The latest BNZ-REINZ survey of real estate agents found that while the number of agents reporting increased investor interest stood at a net positive 6% - from negative 9% in August – “at 6% the result is still low.”

“There is little serious evidence that more investors are looking to buy in the current market,” the survey said.

In contrast, the number of agents reporting an increase in first time buyers has been in positive territory for all six months of the survey and hit a record high of a net 37% of agents seeing more first home buyer activity this month.