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

'Mum and Dad' investors are returning to the NZ property market, with their purchase share rising from 21% to nearly 25%. This comeback is particularly strong in cities like Auckland, Christchurch, and Hamilton.

These smaller-scale investors are often buying their second property, favouring new-builds to bypass lending restrictions. Key drivers include lower interest rates and the full reinstatement of mortgage interest deductibility, a trend expected to continue with mortgage rates projected to remain low.