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Market Update

By Liam O'Boyle

The seismic events over the festive season gave a reminder to Christchurch residents of the effects of ongoing aftershocks.  Although the physical damage was limited and mainly minor, the physiclogical effect is having an impact, especially those seeking a quiet chill out time at home over the break.

As we have seen following prior events life continues and the resiliance of Cantabrians is strong. 

The events are following a predicted pattern that will lesson in frequency and intensity as time goes on.

Availability of quality residential rental properties remains short in supply.  Rents have steadily increased for these types of homes in the least affected areas.  We see a continuing strong demand for these properties.

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