Property market on swing

Last updated 05:00 14/09/2012

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There's more confirmation of a sellers' market emerging for property with sentiment from real estate agents picking up on all fronts.

More motivated buyers, stronger prices and more activity from first-home buyers and investors were all themes of this month's BNZ-Real Estate Institute of New Zealand survey.

BNZ chief economist Tony Alexander said the results were similar to the previous month's, with a net 18 per cent of agents now believing it was now a seller's market.

However, there were still regions which were more of a "buyer's market", according to the survey, primarily Northland, Bay of Plenty, Manawatu-Whanganui, and Nelson-Marlborough-West Coast.

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- © Fairfax NZ News

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