Trade Me analysis shows quakes' impact

In its latest Property Focus report, the bank said the quakes had caused a lot of section sales on the outskirts of Canterbury, as residents of the city went in search of new homes.

But in comparison with the rest of the country, and not include Canterbury, the Queenstown-Lakes area has a higher proportion of section and apartment sales, the report said. Also high on the list were Buller and Westland.

It said these markets were more vulnerable because section and apartment prices are more volatile than standalone houses.

Its report also showed the contribution universities have to rental markets.