Key points of interest from this month’s survey

There are signs that the initial surge in concerns about rising interest rates and recession have backed off slightly.
Borrowers are showing an increased preference for fixing one year over all other terms.
Concerns about house prices falling have pulled back after a “shock” jump in December following the Reserve Bank’s policy tightening and warning of recession.
For the first time since June a net positive proportion of investors have reported that it is easy to find good tenants.
Investor interest in purchasing a new-build continues to trend downward. This is another data point backing up clear signs that residential construction levels around New Zealand have the potential to fall away strongly over 2023-2025.