More houses have resold at a loss in Christchurch than other centres in the aftermath of the region’s building boom.
Stagnant prices means it is slightly easier for first-time buyers in Christchurch, while rents are reducing.
Data released from property analytics company CoreLogic said 7.9 per cent of sellers in Canterbury sold for less than they bought in the first three months of the year. That was a slight increase from 6.9 per cent in the previous quarter. Dunedin had the second highest proportion of resale losses (2.7 per cent), while in Auckland and Wellington it was 1.3 per cent.
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