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Matt Ball: NZ Property Investors Federation PR & Advocacy Manager on the property resale profits hitting a decade low
Times are tough for property owners as they see the lowest resale profits in over a decade.
Cotality’s latest Pain & Gain Report shows 89.4% of homes sold above their purchase price last quarter – the lowest since 2014.
Christchurch was the most resilient of the main centres, with 4.9% of Q2 resales made at a loss, well below the national average of 10.6%, while Auckland recorded the highest proportion of loss-making sales at 15.9%.
NZ Property Investors Federation’s Matt Ball told Ryan Bridge this is only a problem for those who are being forced to sell.
For property investors, he says…
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