Auckland specufestors still radioactive

Wednesday, 27 July 2016

Property investors continue to flood into Auckland, with the latest data from the Reserve Bank of New Zealand (RBNZ) showing that Auckland investors increased their share of mortgages to 48% in June – the highest level in monthly records dating back to November 2015:

The share of investors in Auckland is also well up on the rest of New Zealand where investors comprised only 26% of total non-Auckland mortgages.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.