Tony Alexander Survey Report February 2023

February 2023

Key points of interest from this month’s survey
  • Net intentions of purchasing another property have shifted back to average after a sharp fall following the Reserve Bank’s November 23 tightening of monetary policy and prediction of recession.
  • The return of tourists and foreign students may account for a rise in plans to purchase an existing apartment.
  • Over 70% of existing investors favour fixing their mortgage rate for just one year.
  • Banks are seen as becoming more willing to provide investor financing.
  • Good tenants are increasingly easy to find. This may reflect strong developments in tourism and migration flows.
  • Property investors are becoming more concerned about insurance costs.
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