The announcement by the government of the package of support to provide a purchase for up to 5,000 homeowners effected by the February earthquake has certainly generated more interest in property across the region.
Following the announcement on Thursday the levels of visitor sessions on Realestate.co.nz for property in the Canterbury region shot up by more than a third. The chart below track the past 4 days since the announcement.
The most severely affected areas around Bexley, Avonside, Avondale, part of Brooklands, Burwood/Horseshoe Lake, part of New Brighton and Dallington are still showing property listed for sale as shown on the map view of listings from the website. This area comprises 130 properties on the market at this time, some of which will be outside the red zone.
In total there are some 2,142 properties on the market in Christchurch city at this time – a broad selection for those effected by the earthquake, adding to this total some 700 new listings have been brought to the market over the month of June to date. Full details of these will be in the June NZ Property Report published on Friday 1st June.