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'Mum and dad' investors are back in the property market
A key buyer group has been making a noticeable comeback.
AI summary
'Mum and Dad' investors are returning to the NZ property market, with their share of purchases rising from 21% to nearly 25% in the last 18 months, according to Cotality data. This nationwide trend is led by smaller-scale investors buying their first or second rental property.
Two key factors are driving this comeback: the reinstatement of Mortgage Interest Deductibility and lower mortgage rates improving cashflow. New-builds are a popular choice, and this investor activity is expected to continue.
The data shows a clear return
Who are they and what are they buying?
What’s driving the comeback?
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