Market adjustment continues

The latest Tony Alexander/Crockers survey of property investors shows just 22% of investors are keen to buy another property, down 2% over the past two months.

This has happened at the same time as there has been a rise in the number of investors saying they are thinking of selling, up to 22% from 20%.

Independent economist Alexander says putting the two measures together gives a calculation for net buying intentions, and this gives an indication as to whether price pressures are upward or downward from the people who already own residential property investments. There has been a flattening out of concerns regarding house prices falling.

During July a net 1% of survey respondents say they plan on selling property. Alexander says this is the weakest result since the survey started and challenges feedback from other surveys suggesting interest in buying by investors is rising.