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'Mum and dad' investors are back in the property market

A key buyer group has been making a noticeable comeback.

Kelvin Davidson
Last updated: 13 October 2025 | 4 min read
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AI summary

'Mum and Dad' investors, or mortgaged multiple property owners, are returning to the New Zealand property market, with their purchase share rising to nearly 25%. This nationwide trend is led by smaller-scale investors expanding their portfolios.

Key drivers include the full reinstatement of Mortgage Interest Deductibility and, more significantly, lower interest rates. Investors are finding value in the current market, with new-builds being a popular choice. This increased activity is expected to continue into 2026.

The data shows a clear return

Who are they and what are they buying?

What’s driving the comeback?

Author

Kelvin Davidson Kelvin Davidson
Chief Property Economist, Cotality