For the past 18 months, the housing market has been firmly in the doldrums. This week, Kiwibank economists said it looked as though May was the trough for the housing market. Some migrants will rent rather than buy their homes, but that extra rental demand can also boost the property market. “The latest numbers show quite a big rise in the share of investor loans going out with a 35% to 40% deposit. “The lack of listings in combination with a rise in sales means the stock on the market is going down,” Davidson said.

Source: Stuff September 18, 2023 03:29 UTC