Investor activity strong in Hutt Valley, muted nationwide

The latest BNZ-REINZ Residential Market Survey of real estate agents found the housing market is improving but with a small ease in the strength of some indicators in comparison with recent months.

The survey found a net 3% of responding agents saying they are seeing fewer investors in the market, however there were large variations on the reported amount of investor interest across the country.

The Hutt Valley was the stand out location as far as agents reporting investors active in the market, with a net 66.7% reporting investors buying.

"In Wellington's Hutt Valley investor demand is quite strong even though overall buyers are not considered to be too motivated," the report said.