Mom ‘n pop investors moving to sell-up amid recession fear

Editor, SMEE, SMEE - February 10, 2023

As interest rates rise and house prices start to come down, the market is seeing a rise in mom-and-pop property investors contemplating whether to sell their investment properties in the expectation that times may get tougher, said Ray White Mairangi Bay agent Drew Miller.   New data from the CoreLogic House Price Index showed home prices might dip a further 15-20% in the second half of 2023.  On top of that, while increases in the Reserve Bank’s official cash rate (OCR) are forecast...