Most homeowners are still making a profit on the resale of their home, but the tide is expected to slowly turn as prices begin to drop.
CoreLogic's pain and gain survey indicates 99.1 per cent of properties resold in the three months to March (Q1 2022) made a gross profit or gain on the previous purchase price.
That was marginally down (99.3 per cent) on the last quarter of 2021 (Q4 2021).
CoreLogic NZ chief property economist Kelvin Davidson said the latest data was not showing any dramatic shifts yet, but change was coming.