Tony Alexander Survey Report October 2024

Key points of interest from this month’s survey

• There has been a noticeable improvement in investor perceptions of the willingness of banks to lend. The credit cycle has turned well away from the crunch conditions imposed by the government and Reserve Bank late in 2021.
• Worries about interest rates have fallen away and this has likely contributed to a sharp reduction also in concerns about house prices falling. However, investors are keeping a wary eye on the rapid decline in net migration flows.
• Prospects look good for a further slowing in the annual pace of rents growth despite elevated concerns about key costs such as rates, insurance, and maintenance.

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