There is a shortage of rental accommodation & rents continue to increase.
An all time high of 79% net of respondents, expect that Christchurch house prices will continue to increase over the next 12 months [ASB Housing Confidence survey].
Low interest rates are expected for the foreseeable future.
In Canterbury an estimated extra $50 million of electronic transactions were processed for the period April 13 compared to April 12, shows an increase in confidence.
15,000 new jobs have been created in the region over the last year, and that’s before the rebuild is properly underway.
A low volume of property sales & reduced days to sell, confirm strong demand & upward pressure.
Unemployment is 4.9% in Canterbury, the national average being 6.9%
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