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Investors seek bargains as life returns to the property market

Author
Newstalk ZB,
Publish Date
Thu, 24 Oct 2024, 8:10am
Photo: Getty Images
Photo: Getty Images

Investors seek bargains as life returns to the property market

Author
Newstalk ZB,
Publish Date
Thu, 24 Oct 2024, 8:10am

A bit of life is coming back into the property market, but investors think the best is yet to come.  

The CoreLogic October Housing report has found almost a quarter of the properties bought were by people who own multiple properties.  

The Property Investors Federation says there should be a pickup mid next year as mortgage rates continue to fall.  

Advocacy Director Matt Ball told Ryan Bridge there are some bargains to be had. 

He says some investors are buying up run down homes and doing them up for a profit. 

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