OneRoof Property Report - 1st March 2021

Monday, March 1, 2021

PROPERTY REPORT ORT

BUT FOR HOW MUCH LONGER? The property market has started 2021 on a high, but will prices keep on rising?

House price index: How much has your suburb earned?

Pages 17-24

2 OneRoof.co.nz

MARKET WATCH

Don’t expect a slam-dunk end to rising house prices

Owen Vaughan Note from the editor

At the start of the Covid-19 crisis market forecasts were grim - but after lockdown Kiwis went on a house-buying spree

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eviewing the housing market’s year in Covid, three sales stand out to me. The first took place on April 1, at the start of the lockdown. The auction of a two-bed Auckland home was conducted online and was a sign of things to come, with the real estate industry embracing new methods to keep the market alive.

Online auctions, and remote veiwings, are now standard practice.

The second sale that caught my attention was that of a three-bedroom brick and tile home, just after the country moved to Level 2 restrictions in May. People had been lining up on the street for the open homes, and it fetched $1.6 million - more than $300,000 above RV - at a packed auction. That sale showed Kiwis were shrugging off economic concerns and were prepared to buy.

The third sale was of a 1477sqm property in Otara, South Auckland, in October. Investors snapped it up for $1.1 million - a record for an area that was previosuly seen as affordable. That sale, more than any, showed the extent of the boom and investors’ part in it.

How will the market fare in 2021? Read on.

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“The reimposition of the 40 per cent minimum deposit requirement for investors will not have the same impact as back in 2016.”

INSIDE

Cover story Comment Industry view Tables Hot suburb

3-5 7, 10 8-9 17-24 26-27

ouse prices have risen around the country at an especially strong rate in recent months, with high numbers of sales and shortages of stock on the market. How has this situation arisen during a global pandemic and can we reasonably expect it will continue through 2021?

A year ago, we all expected that the Covid-19 pandemic and lockdown would produce recession, high unemployment, and house prices falling anywhere between 5 per cent and 15 per cent. For a while house prices did fall, but only by just over 3 per cent during lockdown.

The economy did also shrink, but the 11 per cent fall in the June quarter was more than reversed by the 14 per cent rise in the September quarter. And unemployment did rise, but only from 4 per cent to a peak of 5.3 per cent and now it sits at a lower rate of just 4.9 per cent.

We can put the strength in the economy and resulting strength in the housing market down to a large number of factors. In no particular order or importance, here are a few of them.

1. We Kiwis were going to spend $10 billion on overseas travel. Being unable to we have instead spent those funds within New Zealand on spas, motorbikes, kayaks, shares, and property.

2. Interest rates were at record lows heading into lockdown and the housing market was accelerating, with average Auckland prices ahead over 3 per cent during the March quarter last year. With rates cut even further from March, bank depositors have been taking out funds now going backwards 1 per cent - 1.5 per cent a year after tax and inflation and

those people reach placed some of that our shores – and money into some Kiwis property. overseas have Borrowers been buying have been able sight unseen to access rates while waiting sometimes to gain entry. below 2 per 10. Momentum cent, most - meaning that commonly just rising prices tend under 2.5 per cent. to encourage 3.LVRs (loan to expectations of value ratios) were Tony Alexander further price rises in removed, so many asset markets (think Bitcoin, more people found their Tesla shares). FOMO – fear of deposits could stretch to missing out on those rises purchasing a property. drives people to buy sooner 4. First home buyers saw their rather than later. Their buying deposits grow firmly during pushes prices higher, they feel lockdown as they kept earning vindicated, they perhaps seek to subsidised wages yet were purchase more while others unable to spend those earnings. holding out for price weakness 5. Expectations of being unable give in and join them. to travel encouraged many Can the surge in prices people to change their plans from 2-3 years of travelling then generated by these many factors continue? No. But come the end buying a property to of this year prices do look like purchasing a property with they will still be rising at a 10 travelling to be done once the per cent pace if not more. This borders reopen. will be especially so in 6. Shortages of labour meant Auckland which only remost businesses were reluctant engaged with the upward leg of to lay off staff and have been its house price cycle at the start quick to seek new people since of 2020. the economic upturn became That is a key reason why the evident. reimposition of the 40 per cent 7. We went into the lockdown with listings down more than 60 minimum deposit requirement for investors will not have the per cent from a year earlier. same impact as back in July That shortage has worsened, 2016. In that earlier year especially as vendors worried Auckland was overdue for a about not being able to buy pause, having experienced quicky have been looking to make a purchase before they list strongly rising prices for four years. The rest of the country their property – thus was still catching up. aggravating the listings Nonetheless, the return of a shortage.

40 per cent LVR will be one 8. The household sector went factor encouraging a slowing in into lockdown with low debt the pace of price rises during growth in recent years and low 2021. Another factor will be the levels of risky debt because of anticipation of borders LVRs in place from 2013 and reopening slowly causing banks applying high test people to shift their plans away interest rates for debt-servicing from housing and back toward purposes. travelling, or at least putting 9. Expectations of expats money aside for that eventual returning and foreigners eager travelling. to shift here once the borders History also tells us that in all reopen has incentivised Kiwis price cycles, just as reluctant to make a purchase now before

buyers eventually capitulate and dive in, so eventually do hesitant vendors eventually feel prices may be as good as they are going to reasonably get, and they list their properties. In particular, vendors holding out for prices 30 per cent above valuation eventually ease off and accept prices just 10-20 per cent over. Some investors also start selling properties which might need some extra maintenance.

Higher prices also, eventually, discourage buyers and encourage more vendors generally. It pays to note for instance that although stocks of listings are low, in January new listing numbers were around 15 per cent higher than those received in January 2020. There are properties being advanced for sale, and it will not take much of an easing in demand for stocks to start rising again – which will encourage the capitulation of sellers noted above.

The Government has also made it clear that there are some extra measures coming aimed at boosting supply and curtailing demand. History tells us that such measures outside those initiated by the Reserve Bank don’t tend to have strong shortterm impacts. Nonetheless, if the messaging is good enough, some calming can be expected.

There are no slam-dunk factors suggesting an ending of house price rises in the near future. But all cycles eventually turn, and all emergency-type effects eventually fade. 2021 is likely to be a story of many of this past year’s unusual factors easing off in strength and producing a slowing of average house price growth all around the country.

- Tony Alexander is an economics commentator and former chief economist for BNZ. Additional commentary from him can be found at OneRoof.co.nz and tonyalexander.nz

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COVER STORY

New Zealand house prices ices have reached a record ices by $140,000. But high, outstripping pre-Covid prices the boom has many worried that pricess are out of mines control and need to be reined in. OneRoof examines the state of New Zealand’s post-Covid housing market and picks the winners and losers.

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he post-Covid housing boom has been great for sellers across the country but hard on those breaking into the market for the first time.

The latest OneRoof-Valocity figures show a market at full speed, with buyers hitting the market in the first two months of 2021 in force and investors rushing to beat the March 1 return of the LVRs and 40% deposits.

The demand side of the market continues to be driven by low interest rates, fear of missing out and a lack of new stock coming onto the market.

Despite record prices being achieved in most markets around New Zealand, the dearth of new listings has put off would-be sellers, who are

unwilling to list in the belief they’ll be unable to buy another home in their desired price bracket.

What are the numbers showing?

The OneRoof-Valocity house price index, designed to measures the changes in median property values postCovid (from March 25, 2020 – the day before the country went into lockdown), shows the housing market was performing well in the months leading up to the pandemic’s arrival, driven by strong regional growth. PostCovid, the nationwide median property value has jumped 14.8%, the result of increased buying activity by first home buyers and investors.

House prices in every region now are tracking above preCovid levels, a big improvement on the period immediately after the lockdown was lifted when house prices in eight regions were below or at the same level as they were before the pandemic struck.

The boom can be seen clearly at a Territorial Authority level.

Just one TA - Central Otago – is now in a worse position now than it was before the almost two-month-long shutdown of the property market starting on March 26, 2020. This is down from 22 TAs in July, 11 TAs in November and four in December. However, it does represent a slip on January’s figures when all TAs were in positive territory, and reflects

that there is still a clutch of TAs – including Queenstown, Grey and Southland - that has yet to fully recover and feel the heat seen elsewhere in the market.

House price growth in several TAs has been significantly stronger postCovid than pre-Covid, with Gisborne leading the pack. Its median property value is 35% up on pre-Covid levels - a level of growth that's almost 14 percentage points ahead of the best TAs: Tararua (up 23.4%), Palmerston North (up 21.8%), Hastings (up 21.1%) and Ruapehu (up 20%). Those TAs have benefited from increased activity from both first home

buyers and investors, who have been seeking out affordable stock.

There are clear winners among the major metros as well: • Wellington is now firmly a $1 million-plus city, with the median property value there jumping 18.3% post-Covid.

• All areas of Auckland are showing strong house price growth, with only Franklin, Waitakere and Papakura sporting median property values of below $1 million, although Waitakere is just $5000 shy of crossing that threshold.

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COVER STORY • Christchurch, the worst performer before the lockdown, has enjoyed a post-Covid resurgence in its housing market, with first home buyers particularly strong.

• Queenstown Lakes is no longer bleeding but growth is slow.

• Dunedin’s strong run before Covid struck has spluttered post-Covid. It is second-worst performing major metro – seeing growth of just 9.5% since March 25, 2020. In the lead-up to the pandemic it was the best performing major metro, enjoying median value growth of 23.4% (number two and number three – Wellington and Hamilton – were way behind with 8.2% growth). This is likely the result of low listings and vendor reluctance driven by fear they have no home to move to if they sell.

The post-Covid lift has also delivered some big dollar gains to homeowners. In the last 12 months, nationwide house values have risen $140,000. Six TAs have seen gains of more than $200,000 and there are 52 suburbs that have enjoyed bumps of more than $300,000.

One suburb’s $455,000 gain was enough to make history, with Herne Bay becoming New Zealand’s first suburb with median value of more than $3 million, almost six years after it was the first to break the $2 million barrier.

Too hot for some The gains have made it harder for first home buyers, especially in Auckland and Wellington, where deposit requirements are between $40,000 and $51,000 higher than they were 12 months ago.

In Auckland, the number of suburbs where the median property value is $650,000 or less has shrunk in the last 12 months by two thirds to just eight, while the number of suburbs with a median property value of $1 million or more has jumped to 195 - representing 71 percent of the city.

Lesley Harris, from the First Home Buyers Club, says her members are absolutely the losers in this market of spiralling house prices.

“You require more deposit, you require more lending, so the flow-on effect is it becomes more out of reach for first-home buyers. If you’re buying in the same market it’s six of one, half a dozen of the other but, if you’ve got out of the market or you’ve yet to get on to the bandwagon, they’re the people that are going to be suffering from any increases.”

Mortgage broker John Bolton, owner of Squirrel mortgage company, says anyone who has stayed in the market has been a winner and that people who purchased last year are probably now feeling pretty lucky.

Other big winners are people who have been lucky enough to have won the ballot for a KiwiBuild home. “If you were to win the ballot, that’s amazingly good value for money. You’re buying a threebedroom terrace house or apartment for $650,000 in Auckland and these things would have market values of close to $800,000 so you really are getting a massive leg-up with KiwiBuild at the moment,” he says.

Other first-home buyers, however, are facing a tough market to get into, although Bolton says there will be a lot of

if someone decides to list and has a bit of land, he will door-knock neighbours who also have a bit of land to see if they also want to sell.

That way, both parties make a lot more money from the competition between hungry developers who want to build terrace houses on the sections.

“If you ask, ‘Who’s been the winners?’ it’s been people with larger blocks of land — and by large, I just mean 800, 800, 1000, 1200sq m. We’ve probably seen 20 to 30 per cent growth on those in the last six “You require more deposit, you require more months. lending, so the flow-on effect is it becomes “People more out of reach for first-home buyers. have really They’re the people that are going to be clicked on to suffering from any increases.” what the new [Auckland Unitary] plan allows new builds coming on to the Auckland market soon which and they’re saying, ‘Well, we might help. thought we could only put three “You’ve seen it with the on these sites but we can put six spike in building consents over on so they’re worth a lot more the last six months. I’m aware of than we thought.’” a lot of development stock that Buyers either want to will be coming to market this develop the land now or save it year and that’s exciting. for later and when neighbours do team up they are fetching “I think for a first-home buyer realistically a lot of the sometimes 20 to 40 per cent existing stock is just too more than they would if they expensive for them now but this sold separately. is where maybe a lot of this new Thomson says a lot of buyers build activity and buying offare looking at the plan could be a really good future and option — maybe some other thinking about winners are people who bought not just buying their first off-plan a year ago so they’ve got newly completed properties property but coming into fruition, where their second or they’ve probably had a decent third, telling lift in value.” investors, for As far as locations which example, “If you have done well post-Covid go, Bolton says “everywhere. The whole country seems pretty strong at the moment.”

Adam Thomson, director of Ray White Manukau, says in his patch, among those who have benefited most from the price boom are neighbours who have got together to sell properties.

This is such a good strategy he has adapted the way he is marketing property, saying

bought this now you could put your second one on it and then your third.”

He says, “It’s quite a good strategy, I think, for an investor if they’re looking down the line.”

Developer buyers might be some of the big players, who have contracts with the likes of Kainga Ora, smaller companies or more inexperienced

around $800,000 to $900,000 only to find the home selling now for more than $1m.

People who panicked and sold when Covid first hit haven’t done so well, he says, nor have those who waited to buy.

He remembers taking calls from people nearly a year ago saying they were going to wait to buy until after the wage subsidy ran out in the hope they would pick up a bargain from people forced to sell but that didn’t happen and now those buyers are having to pay 20 per cent more.

Agents from other parts of

the country say it’s hard to define who are the winners and losers in the current market because there are people missing out in every price bracket.

David Platt, managing director of Tommy’s Real Estate in Wellington, says the

individual players.

“There are people that are doing it to build and sell as new homes like a business and there are other people building them to rent as an investment; and there are a few people who have moved from investing in a property to wanting to do a bit more and develop.”

Others who have benefited from the boom are developers who had been at the end stage of a subdivision or property last year who may have been thinking each home would fetch

market in the capital is still running hot and each property listed is receiving multiple offers.

And Simon Martin, managing director of Harcourts in Tauranga, says there is no specific buyer group missing out. “Demand is good. It’s not like excessive but if you’ve got four people who want to buy a property only one can buy it.”

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WHO’S ON THE UP?

The index measures value change since March 25, with the baseline set at 1000 for each location.

Tauranga house prices have soared on the back of strong buying activity among first home buyers and investors/developers, as well as those on the hunt for a holiday home. Its median value is striding towards the $1 million mark, lifting 17.8% postlockdown.

WELLINGTON

Porirua and Upper Hutt have benefited from new build activity while Wellington City is now in the million dollar club, with the city's pace of growth pre-Covid more than doubling after lockdown lifted.

Investors have put the squeeze on first home buyers.

CHRISTCHURCH Christchurch has gone from zero to hero in the past 12 months. All 112 suburbs have shown value growth since lockdown, with values in eight lifting 20%. Driving its success is increased activity by first home buyers, who accounted for 42% of new mortgage registrations last quarter.

QUEENSTOWN Covid floored Queenstown’s housing market: value levels stalled then declined in the immediate aftermath of the nationwide lockdown. However, the market has started to recover, with the current median value of $1.11 million representing a 3.4% increase since lockdown.

DUNEDIN If there has been a big loser postCovid, Dunedin is surely it. Property values in the city were growing at a rate 23.7% before Covid. After lockdown the market struggled, and is only now seeing growth - admittedly just 9.5%. First home buyers have somewhat retreated form the market.

INDEX

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INDEX

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Hamilton’s housing market turned ina sold performance post-lockdown, with its median value growing 14.7% to $745,000. Most suburbs saw growth in line with the city as a whole but Fairview Downs and Hillcrest nudged towards a 20% lift. Investors have dominated the market.

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HAMILTON

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The OneRoof-Valocity House Price Index measures the change in property values for Territorial Authority since the start of the Covid crisis. The TAs are ranked according to the size of the percentage change. The median value for each TA is given also.

Territorial authority

INDEX

Auckland’s housing market has suffered three lockdowns but is still in boom territory. The strongest value growth can be found in Papakura (up 20.7% since the first lockdown). House prices in nearly 98% of the city’s suburbs have outstripped pre-Covid levels, with 17 showing growth of above 20%.

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AUCKLAND

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WINNERS AND LOSERS

Where house values landed post-Covid-19.

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Gisborne Tararua Palmerston North Hastings Auckland – Papakura Ruapehu Marlborough Porirua Upper Hutt Rangitikei Wairoa Wellington Kāpiti Coast Tauranga Lower Hutt Whanganui Carterton Christchurch Horowhenua South Wairarapa Kawerau Opotiki Auckland City Manawatu Napier Auckland – Waitakere Far North Hamilton Auckland – Manukau Masterton Ōtorohanga Waitomo Kaikōura Mackenzie Waimate Auckland – North Shore Waikato Auckland – Rodney Western Bay of Plenty Tasman Waipā New Plymouth Buller Taupō Auckland – Franklin Whakatāne Thames-Coromandel Kaipara Stratford Nelson Gore Rotorua Matamata-Piako Waitaki Hauraki Whangārei Invercargill Dunedin Waimakariri Clutha South Taranaki Timaru Ashburton Central Hawke’s Bay Hurunui Selwyn Westland Grey South Waikato Queenstown-Lakes Southland Central Otago

House price index change

35.0% 23.4% 21.8% 21.1% 20.7% 20.0% 19.9% 19.4% 19.3% 19.2% 19.1% 18.3% 18.2% 17.8% 17.4% 17.4% 17.2% 16.9% 16.9% 16.6% 16.4% 16.4% 15.6% 15.6% 15.3% 15.3% 15.3% 14.7% 14.4% 14.2% 13.9% 13.9% 13.7% 13.7% 13.7% 13.1% 12.8% 12.8% 12.6% 12.6% 12.2% 12.1% 11.8% 11.6% 11.6% 11.4% 11.3% 11.2% 11.1% 10.8% 10.6% 10.4% 10.2% 10.2% 10.2% 10.0% 9.9% 9.5% 9.0% 9.0% 8.4% 8.0% 7.6% 7.5% 6.5% 6.5% 6.4% 6.2% 5.6% 3.4% 1.9% -1.5%

Median value

$550,000 $345,000 $625,000 $665,000 $870,000 $310,000 $575,000 $825,000 $760,000 $380,000 $295,000 $1,025,000 $790,000 $850,000 $800,000 $450,000 $565,000 $535,000 $500,000 $705,000 $350,000 $435,000 $1,250,000 $560,000 $705,000 $995,000 $580,000 $735,000 $1,035,000 $525,000 $485,000 $330,000 $560,000 $560,000 $340,000 $1,310,000 $810,000 $1,105,000 $910,000 $730,000 $775,000 $570,000 $245,000 $640,000 $810,000 $615,000 $835,000 $675,000 $385,000 $660,000 $315,000 $600,000 $605,000 $390,000 $555,000 $675,000 $395,000 $600,000 $565,000 $330,000 $335,000 $415,000 $405,000 $480,000 $475,000 $655,000 $305,000 $240,000 $365,000 $1,100,000 $460,000 $635,000

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7

FORECAST

Supply issues and lack of listings a vicious cycle Here are the key areas to watch as the industry navigates through uncertain times

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nfortunately, crystal balls are a scarce commodity and moving into the second decade of the 21st century it’s difficult to say what the economy — and in particular the housing market, is going to do next.

After a year in which the country faced its biggest health crisis in 100 years, eventually eliminating — at least for now — the virus that is currently ravaging the globe, the economic meltdown, job losses and company failures that New Zealanders were primed to expect, have largely failed to materialise.

At the height of the emergency, such doomsday scenarios were predicted to result in a cooling effect on the property market, however, a year after the protracted lockdown of March and April 2020, it’s more buoyant than ever — underpinned by seemingly insatiable demand, limited supply, returning expats and record-low rates.

Here are a number of key areas to watch as the industry

navigates through unprecedented and uncertain times.

LVR (loan to value ratio) limits have worked to temper the investment property market in the past, and the Reserve Bank of New Zealand plans to reinstate them just before the second quarter of 2021. While they’re designed to slow the market and increase affordability levels, I suspect we’re going to see an uplift in the immediate future as potential buyers race to purchase before the new rules.

The issue of supply will continue being a challenge to address, given that New Zealand needs an estimated additional 100,000 residential properties. As a country, we haven’t made significant headway in terms of constructing new homes in the required volumes.

Building consents are currently at their highest point since 1974, but those dwellings still have to be built and demand is not being met in almost all of the provinces.

Working remotely has become easy and acceptable in many sectors fuelling movement between regions.

Naturally, lack of supply leads to affordability issues and

unmet demand is still pushing up prices. Of course, it needs to be noted that on the other hand, this situation brings a sense of wealth to those with significant equity in their properties and no intention to sell, which ultimately benefits the economy as these homeowners spend their cash.

Even when the new LVR rules are in place, I don’t envisage the affordability issue being resolved in the short to medium term.

The supply issue and lack of listings is a vicious cycle.

Ironically, despite the current low interest rates, first-home buyers are still finding themselves continually frustrated, with multiple offers on the sorts of residential properties that used to be a beginner’s domain — and this is happening countrywide.

Here is where the return of LVRs is supposed to help these people out by slowing down property investment but, even if it does, banks are still being very conservative when it comes to lending.

Given that most first-home buyers are now in their mid-30s,

Bindi Norwell

“It’s not all doom and gloom for first-home buyers if they’re prepared to be flexible.

Banks are increasingly open to creative approaches to getting on to the property ladder.”

they could potentially still be paying off their mortgage after retirement. In other words, the banks see it as their responsibility to take a long-term view — and of course it’s in their own best interests to do so.

However, it’s not all doom and gloom for firsthome buyers if they’re prepared to be flexible.

Banks are increasingly open to creative approaches to getting on to the property ladder. First-home buyers can often get significant help from their parents whose own properties have risen in value, so that’s one possibility.”

Lateral thinking can help potential buyers come up with other potential schemes.

Co-ownership with friends and family is often feasible, rent-to-buy schemes are increasingly common, and we’re even seeing two couples joining forces and collaborating on a do-up, doing the work themselves to help build equity.

Government regulations are also set to change property trends in 2021.

Labour made a number of pertinent promises as part of its housing manifesto and we’re watching with interest to see

how they play out. Simple changes to unitary titles should provide scope for new building although that brings its own issues with densification, which have to be worked through.

The imminent disassembly, then a rebuild of the current Resource Management Act — with three new specific entities, will ultimately lead to an easing of pressures on the property market by concentrating on natural values — rather than amenity values, taking various stakeholders’ considerations into account, in order to free up more land for development.

However, it may take years before we see a tangible difference from these changes.

The problems we have are well documented and clear cut, so with government, property industry and developers’ commitment, these various initiatives could really challenge the status quo. With considerable focus on addressing housing affordability and being bold and open to new innovative ways to build at scale, we have an opportunity to address this fundamental issue as a country.

- Bindi Norwell is chief executive of the Real Estate Institute of New Zealand

8 OneRoof.co.nz

INDUSTRY VIEW

‘THERE IS NO SHORT-

Real estate leaders reflect on a record-breaking year and the impact rising house prices are having on a new generation of buyers.

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neRoof polled New Zealand’s real estate leaders on their expectations for the housing market following an unprecedented year for the industry. No one could have foreseen a complete shutdown of the housing market last year, nor could they have predicted that house prices would actually rise in the aftermath of the Covid lockdown. The real estate industry has never been so busy, and more hungry for listings. The industry also finds itself facing tough questions on what it can do to help get more Kiwis into their own property.

The answers below shed light on what buyers and sellers can hope to expect in the months ahead What are your expectations for the market this year?

Mike Bayley, Bayleys managing director: The fundamentals that drove the market onwards and upwards last year are still in place: record-low interest rates, a reasonably resilient economy

and a good level of business confidence. None of this looks to be changing any time soon and, as a result, the market is showing no signs of slowing down.

Peter Thompson, Barfoot & Thompson managing director: The Government has made clear its intentions to influence the market and until we understand what it will do, the future direction of the market will remain unclear.

Carey Smith, Ray White chief executive: The expectation remains for a strong market with relative price increases being driven by lower interest rates and a balance of inventory and stock available, together with the expectation that yield for investors in regard to capital gain and rental return remain positive. First-home buyers entering the market are doing so on the strength of the economy and given the number of buyers in the investor and first home classification has now reached 50 per cent this is giving significant momentum to the market.

Bryan Thomson, Harcourts New Zealand managing director: In early 2020 we experienced the usual flood of opinions from commentators regarding their expectations of the real estate market for the year ahead and we all know how accurate those predictions turned out to be. Given the same voices are now predicting 2021 activity I guess we will allow hindsight to once again be the most accurate judge.

Barry Thom & Grant Lynch, UP Real Estate directors: As the number of available homes decreases, competition among buyers will likely increase and we expect prices will continue to firm accordingly.

Rising prices have resurfaced questions about housing affordability in New Zealand.

Is this a worry, and if so do you think there is a solution?

Peter Thompson: There is no short-term solution but in the medium-term the key is building more and within the mix including more affordable homes. To achieve this requires changes to the RMA and even more flexible financing options for first-time buyers.

Ultimately, left to run its course

the market will find its ceiling.

However, concerns about future restrictions has the potential in the short-term to see people make a more impulsive decision than they might otherwise make.

Barry Grieve, national network manager LJ Hooker & Harveys New Zealand: This is a question that has been asked over and over throughout each property surge over the last 30 years and more. Like any product value its driven by “supply and demand” and prices can only be driven up while affordable to the buyer. As interest rates change, so will the market and its direction.

Mark Collins, Mike Pero chief executive: More affordable housing being built will go a long way to helping solve this pressure for first-home buyers.

However, prices are out of whack against the average Kiwi income. From a lending perspective, we are seeing a lot of friends’ club together for a deposit or parents helping using equity from their home.

Carey Smith: Interest rates will be a natural hedge against potential long-term continuation of rising prices. If

interest rates remain low and continue at these levels, then prices will go up because of confidence. If there is a change to interest rates. which is driven by the Reserve Bank in their judgments, then the solutions that they provide through leverage of interest rates are the best outcome for a balanced economy when taking the other aspects and key indicators into account.

Mike Bayley: The biggest contributing factor to housing affordability in New Zealand is the lack of supply. The initial big burst of Kiwis coming home because of Covid appears to have tailed off with population growth of around 40,000 forecast this year — less than half the annual 90,000 recorded over the last few years. This should improve the balance between supply and demand in the short-term. Housing affordability is a complex issue that requires a combination of solutions including the supply of more affordable dwellings, land zonings that permit more intensive development and cheaper, faster consent and building approval processes.

We need to see more government policy soon that will encourage residential

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9

TERM SOLUTION’ construction at scale and speed to help more Kiwis get into their first homes. For any legislation to have a meaningful impact, including the reform or replacement of the Resource Management Act, councils need to take a less bureaucratic and faster approach to processing consents. From a more innovative perspective I think the government should take a close look at providing deposit funding for first home buyers and those eligible for affordable homes. Many first-home buyers don’t have the necessary deposit funds or income security to satisfy retail bank requirements. Essentially, the government lends eligible purchasers a portion of the required deposit and takes security over the home alongside the mortgagee. Those old enough may remember the support government-owned State Advances Corporation provided to help get a much greater proportion of the population on to the property ladder.

Bryan Thomson: In simple terms, New Zealand does not have the housing stock to meet demand, so prices have risen.

This supply/demand balance remains in play for 2021 and is the key — and possibly the only real solution — to addressing the challenge of affordability across some sectors of the housing market.

Barry Thom and Grant Lynch: Supply and demand factors have caused some dramatic increases in prices, with some suburbs impacted more than others. We are aware of some current buyers having already sold and now finding it difficult to repurchase in the same suburb. Our advice is to look further afield and get back in the market, there will be a new suburbs that emerge as

preferred and staying out of the market could be expensive long-term.

of property, it may also be for the development of business or other wealth creation aspects.

Where do you see the biggest opportunities for buyers and sellers?

Mike Bayley: Aucklanders have been taking advantage of record high prices to cash up and look at options elsewhere, particularly if they can work from home part of the time. For buyers wanting a house with land, the most affordable opportunities are likely to be outside metropolitan centres.

For lovers of big city life, existing stock in the apartment market hasn’t yet attracted the same level of activity that’s been a feature of the wider market so there are some good buying opportunities here.

Barry Thom and Grant Lynch: If the direction of your life requires the sale of your home, now is an amazing moment. In this market we recommend the auction sale method, as this provides an open forum for competitive bidding. You can only sell once, consequently the management of that process is critical.

Bryan Thomson: Be very careful who you listen to, what you read and, more importantly, what you believe.

Every situation is different and personal to those involved.

Make sure you assess what is critical to you and your family when making your decisions, take independent advice regarding your financial position and once you have settled on a path forward, be strong and confident in your buying decisions. If you are a seller in today’s market, choose a sales consultant and company that you are confident you can trust and communicate with.

Make sure they can show you how they will maximise competition for your property while minimising any potential complications. Once you have made your selection, invest in a robust marketing campaign, present your property superbly and you can be assured of a positive experience.

Carey Smith: For those who are considering selling, the best opportunity may come with reinvesting or being able to utilise the gain from the sale in an aspect that assists in further wealth creation. While this may be through the further purchase

Peter Thompson: I tend not to see buying or selling a property in terms of “opportunity”.

Rather, I see it as meeting a housing need or preference, or making a medium-term investment. Such decisions are best made with a medium-term horizon.

Barry Grieve: Right now, owning a home is more costeffective and affordable for many renters — buying a home is now a real option either with or without a deposit. We are seeing more and more parents helping out their children with deposits or providing security to the banks to help them get started.

Mark Collins: I think for sellers, now is the time to make the move. The opportunity for them is the buoyant market, however, the adage “buy and sell in the same market” has never been truer.

Is Covid still a threat to the housing market or is housebuying in New Zealand now immune to the virus?

Carey Smith: While New

Zealand has withstood the impact of Covid through the various government actions and initiatives there will always be a degree of uncertainty when it comes to events of uncertainty and events that we cannot ordinarily control. Covid is one of those events that is continuing, however, there are many other potential risks to the housing market that can be wide and varied.

Mark Collins: The impact of Covid will continue to be felt, especially in our tourist regions, however, we have a much better understanding of the impact now and the industry as a whole can navigate with more certainty. I don’t think New Zealand is immune at all — I think we are more prepared.

Peter Thompson: The effect Covid had on the property market was to add restraints to viewings and auctions.

Through technology we found work- arounds. Covid itself will not prevent people selling, buying or investing in houses.

Mike Bayley: While most buyers no longer view Covid as a major threat because of New Zealand’s privileged position in comparison to other countries, the recent community case scare in Northland shows how quickly things can change.

House-buying would be impacted by a return to a full, level 4 lockdown with no access to properties possible.

However, a return to something like the level 3 that was implemented in Auckland in August wouldn’t be such a problem. We have worked with the Real Estate Institute of New Zealand to implement levelspecific protocols that enable us to continue to provide services to our clients safely. Longerterm, if the world doesn’t get on top of the pandemic this year there could be adverse flow-on effects for our economy, supply chain and employment which could also dampen our housing market.

Bryan Thomson: Of course it does, but only if we fail to continue to be vigilant as a community and don’t support the medical and political leaders who have brought us to the privileged position we currently hold globally. We’ve done this before and we’ll continue to protect our position in the world because that’s just who we are. We cannot discount New Zealand’s current success in the battle against Covid. This has not only attracted Kiwis living offshore to consider coming home, increasing the demand for property, but has also increased the confidence of those of us

living here, and we know confidence is a key driver for all forms of investment decisionmaking.

Barry Grieve: Nothing is immune to these things as we look around the world and still see such hardship and pain. We all need to be mindful this is not over yet and can easily change taking us right back to the beginning. It is important we all stay diligent and track and trace, keep doing the things we need to do; hand-washing, masks when needed, scanning.

Complete the following sentence: If I were a seller right now, I’d . . .

Mike Bayley: Be choosing a noprice sale method with a deadline, such as auction, to take advantage of the strong competition that exists in the market to get the best possible price for my property.

Peter Thompson: I’d waste no time listing my property. There is strong buyer demand, prices are at all-time highs and the Government has unspecified plans to rein in the market.

Bryan Thomson: I would select a superb agency and consultant and be hitting the market right now. Demand is strong and prices are positive so why would you wait? You certainly wouldn’t act based on the speculations of market commentators — we’ve seen how accurate they have been in the past now haven’t we?

Barry Grieve: I’d be realistic and do not get too ambitious.

Properties are selling but this bubble could change/adjust quickly. Covid-19 is still a threat and as housing prices rise with the demand, buyer affordability will decrease and the buyer pool will get smaller in the market slowing down this overwhelming demand we have right now and creating a much more normal buying and selling market.

Carey Smith: I would ensure my property is marketed to a wide audience of potential purchasers. In doing so, I would give my property the very best opportunity through an agent to be promoted to existing buyers and those who are coming into the market. I would be requesting from the agent, through their knowledge, how to get the best result and premium price for the property that I am selling.

Mark Collins: I’d make sure I had my next move lined up.

- Interviews conducted by Catherine Masters

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OneRoof.co.nz

COMMENT

Roller coaster is always on a loop cycle Covid-19 may have been an early trigger for the housing market surge but boom was bound to happen

I

f you base your view of the property market on media reports and commentary you’ll have been hard pressed to form any sort of consistent view over the past 12 months because the market has been on a roller-coaster ride.

As recently as May last year some commentators were picking a drop in house prices in the wake of Covid 19 — with at least one of the major trading banks predicting that house prices would plunge by up to 15 per cent. Now, we’re in a period of sustained house price growth with house prices increasing by 14.8 per cent since the beginning of the lockdown according to data company Valocity. That’s a 30 per cent spread between the worst Covid-related prediction and the actual performance of the market — so it would be an understatement to say that these are unusual times.

It also makes it very difficult to identify who are the “winners and losers” of the market. This may be a favourite pursuit of media companies

who like to present things in absolutes — but precisely who the winners are can change from month to month. This was best demonstrated by an email I recently received from someone who had read one of my recent articles and was taking me to task over my support of property investors. His argument was that investors are closing first-home buyers out of the market and need to be regulated to curtail their excess.

I understood his frustration — but his statement was only true if you look at the property Higher house prices have made us wealthier as a nation and are the single biggest reason that New Zealand is now the fifth wealthiest nation in the world.

market through a very narrow lens of just a few short months.

However, if you look at the market in a broader context we know that first-home buyers have been the dominant buyer group in most of the country for the majority of the time since 2013. This makes picking a “winner” subjective and ultimately meaningless.

There’s also a question over how much Covid has really impacted the market and how

much of what’s currently taking place would have happened anyway or has happened as a result of responses to Covid rather than Covid itself.

Let me provide two examples to make my point: • House prices in Auckland would have been starting to increase whether Covid had Ashley Church happened or not, and I’ve been predicting this in my commentary since as far back as 2017. This is because of something called the property cycle in which house prices increase in six or seven of every 10 years and stay flat in the other three to four — so while Covid related initiatives may have brought the next Auckland boom forward by a few months, it was due to happen anyway.

Covid didn’t create it.

• The burst of Property Investor activity prior to the reimposition of the Loan-tovalue-ratio (LVR) restrictions is arguably an unintended consequence of those same restrictions. In other words, if there were no LVR restrictions there would be no panic to beat them and Investors would be acting in a more considered way. In this respect, the Reserve

Bank continues to be the architect of the very conditions it claims to be trying to address.

So are there any “winners” who can be reasonably said to have benefited from Covid in a way that would not have happened if the Covid pandemic had never taken place? I can think of three: 1. Anyone who has a mortgage.

While the trajectory of mortgage interest rates has been down over the past (almost) 40 years — it’s unlikely that rates would be at their current historically low levels if Covid had never happened — so anyone who has a mortgage is better off as a result of the pandemic.

2. Property owners in the regions. While the property cycle means that Auckland house prices would be starting to go up about now whether Covid had happened or not — the rest of the country generally runs about three years behind Auckland and regional house prices should have been starting to flatten off about now. The fact that they haven’t is almost certainly a consequence of the

cheap money currently available to those buying property. There’s a question over how long this can last — but for now, it’s increasing the wealth of those in the regions.

3. First-home buyers. Although first home buyers should always be the No. 1 focus of government housing policy, recent events have brought about a renewed focus on their needs and will almost certainly lead to a suite of government initiatives, to assist them, later this year. While the major obstacle to buying a first home is actually the ill-considered LVR restrictions (which are about to be reimposed) and not the market itself — any moves to support them will be welcome.

I haven’t listed any “losers” from Covid because I don’t believe that there any victims when house prices increase if the market is left to its own devices. Indeed, higher house prices have made us wealthier as a nation and are the single biggest reason that New Zealand is now the fifth wealthiest nation in the world.

- Ashley Church is a property commentator for OneRoof.co.nz.

Email him at ashley@nzemail.com

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ALL PART OF THE PLAN New community in the works at Catalina Bay offers buyers a way to escape the market heat

W

illis Bond’s newest development north of Hobsonville Point has taken what once was a New Zealand Airforce base and converted it into a waterfront community of apartments and townhouses to offer plan focused buyers a savvy alternative to price insecurity and record competition in a heated Auckland market.

The eighty properties, part of the urban precinct of Catalina Bay which also includes retail and hospitality, are due for completion in the second half of 2023. They offer what Willis Bond describe as a contemporary village environment.

“The proximity to the water, exceptional quality and the fantastic reputation of the established Catalina Bay precinct, makes this a vibrant residential environment like no other,” says Willis Bond’s project director, David McGuinness.

“We have taken exceptional care to master plan the entire development, ensuring these freehold residences will be a sanctuary to live in and benefit from all the incredible Catalina Bay amenities such as cafes and restaurants, the Hangar coworking facility and the renowned farmers market,” McGuinness adds.

Barfoot & Thompson’s head of projects Matt Baird says the

appeal of master planned communities is growing, and with good reason.

Having good amenities, transport links, stabilised property values and qualitycontrolled homes and neighbourhoods, constitute a worthwhile lifestyle option, he says.

Baird emphasises Willis Bond’s experience when it comes to master plan building.

“They are New Zealand’s top residential and commercial developer, they’ve won numerous awards and have an excellent reputation, they are a legacy developer,” which is critical in a developer heavy market, he adds.

The rise in off- plan buying is noteworthy. The small initial outlay of 10 percent, paying current market price and knowing that price upfront gives buyers security and time.

It presents a good alternative to the fiercely competitive environment of auctions or multi offer conditions.

With a 13.6 percent rise in auction numbers from the same time last year, the off-plan approach holds broad appeal.

Traditionally, auctions aren’t advantageous to the buyer, and even less so in a heated market.

Baird notes that buying offplan is ideal for people preparing for the next phase of their lives. Buyers who don’t have urgent timetables and who

are more plan focused. He points out that with Auckland currently having only half the inventory levels of houses for sale as it did in December 2018, there is substantial pressure on house prices. Add to the equation record low interest rates, it means people are more willing to compete to obtain the property they want, making investment in long term developments a prudent strategy.

However, he’s quick to add: “It’s still a leap of faith, you want to know the developer is going to do what they are going to do. Continuity in design and standards is paramount.”

He says evidence shows buyers are more willing to buy off plan if they have good information and proof of the developer’s past delivery.

Willis Bond’s historic projects including Wynyard Central, the NZX Centre and Wellington’s Clyde Quay Wharf, successfully merged residential, office and retail properties into thriving precincts, which Baird says gives buyers significant peace of mind and confidence in their

investment.

Teaming with an equally reputable design partner was utmost. Architectus, a wellknown force in residential and urban design, has a successful and proven partnership on numerous Willis Bond’s projects, Baird says. He credits their vast municipal and design experience as being

instrumental in the success of the development.

Baird says the Catalina Bay properties are at a good price point for buyers in a frenzied Auckland market, as they start from $795,00 for a one-bedroom apartment including a carpark.

He anticipates the freehold properties to be largely owner occupied.

“I think we’ll see a lot of downsizers who want something different.” This is a high specification development and owners will never be built out which offers a compelling proposition for buyers.’’ He adds the freehold element of the properties and water front position make them an exceptionally rare entry points to the market.

- Find out more at catalinabayapartments.co.nz.

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FIRST HOME BUYERS

Won’t investors just switch tactics?

Rupert Gough

W

How to get an $800K home for $650K The ups and downs of buying off-the-plan

I

n a hot market, buying offthe-plan can save first home buyers thousands of dollars and hours in repeated due diligence and legal advice ahead of missing out at auction after auction.

John Bolton, founder of Squirrel Mortgages, says part of the appeal of off-the-plan homes is that they are sold at a fixed price. And that that price, in many cases, is discounted.

“The developers are motivated to get them sold so they can start building, and because there’s no physical product to wander around and get emotionally attached to it’s a harder sales process so they do tend to sell at a little bit of a discount compared to what they’re worth at the end,” Bolton says.

Often, the property has already made money by the time it is completed, but that’s not always the case.

Sometimes the market drops, and you are caught on the other side of having something that’s worth less than the sale price, he says. “But if the market’s

steady, you would expect to get an incremental step up in value simply through the build process.”

You might also get into a better location than if you were buying a traditional house, he says, because an off-the-plan town house might be in a neat urban environment rather than the outskirts of the city.

“There’s quite a bit of stuff at Hobsonville Point; there are terraced town houses going into Takapuna at the moment and there is a heap of them going into places like Mt Albert.”

And while terrace houses are compact, a growing number of people are beginning to realise they don’t need a large backyard. A modern, sometimes architecturally designed, town house with a cafe at the end of the road and a park across the road can be just as good as a quarter-acre section.

If you want that, a good place to start looking is in a master planned community, and there are a lot of those around in Auckland now.

Bolton says the build process can take 18 months to two years, though some may be faster — but the wait can have benefits, too. “If you’re buying in a rising market, then you’re buying at today’s price but you won’t have to settle for a year,” he says.

A fixed price means buyers don’t need to battle it out in an auction room competing with others, he says.

A deposit is paid up front, usually 10 per cent, and most people can access KiwiSaver for this, plus still keep saving ahead of the eventual settlement.

Bolton also says most KiwiBuild homes are sold offthe-plan and they are an amazing opportunity because the fixed three-bedroom price of $650,000 might buy you an $800,000 value property in Auckland. Outside of Auckland, Queenstown and Wellington, KiwiBuild prices are capped at $500,000.

“You’ve got to go into a ballot system because they’re so popular and no wonder, because there’s so much equity in them.”

Bolton advises off-the-plan buyers to do their due diligence and research other developments by the same developer. “That way you can see if you like it. It does take a little bit more effort to figure out what it’s going to be like to live in a property when you’re just looking at some pictures,” he says.

Getting finance is harder than for buying an existing property with most banks not giving approval all the way to settlement, he says, but people can get approval up front then keep applying to extend the approval, or reapply three or

“If you’re buying in a rising market, then you’re buying at today’s price but you won’t have to settle for a year.”

four months before the home is due to complete.

People’s circumstances can change, such as losing a job, so there is risk if that happens, but Bolton says that risk is also there if you already own a house and lose your job – and you can always on-sell if you need to.

And with deposits held in a solicitor’s trust if, for example, the developer doesn’t complete, the money is returned.

Watch out for different clauses in the contracts, however. A typical one allows developers to pull out if they don’t get enough pre-sales or get their resource consents and while there is often a sunset clause where the buyer, too, can cancel if the developer goes past a certain date, that also works for the developer who can cancel if they don’t finish in time.

“There have been situations in the past where developers haven’t finished projects but the development has gone up in value and the developer has cancelled the agreements then re-sold them so there’s always that risk.”

The best off-the-plan developments are those where the consents have already been issued and there’s a confirmed start date. Bolton says that ones that don’t have consents in place are more likely to drift.

“You want a reputable builder; you want people with a bit of a balance sheet who can finish things they start,” he says.

The biggest issue with these new developments of late are delays from Covid-related delivery issues. “I haven’t seen a project delivered on time yet.

Most of them seem to be probably about six months behind schedule,” Bolton says.

hen the Reserve Bank announced the return of the loan to value ratio (LVR) restrictions, the main focus was, without doubt, on investors. Most banks had imposed a 40% deposit requirement on investment purchases well before the Reserve's order, but by May 1 this will be mandatory.

The exception to the investment deposit rule is new-build properties.

New-builds (defined as properties that are no more than six months old and are purchased directly from the developer) will not require a 40% deposit if they are bought as an investment.

For the last seven years, deposit requirements for investors for new-builds have for the most part been 20%. In a truly rationalthinking economic market, investors who were cut out by the 40% deposit rule would simply start buying new-builds, which would seems to go against the Reserve's goal of cooling the housing market by removing investors from the buyer pool.

But in the past two weeks, we’ve seen from the lending banks some interesting responses to Reserve's new rules. ASB first advised brokers that it would not be approving loans to investors for new builds unless that had a 40% deposit and then switched course.

The fact is that just because the Reserve says that new-builds are exempt from the LVR restrictions doesn’t mean that the banks actually have to lend up to 80% on them.

At the end of the day, new-builds are good for the economy, good for first home-buyers who want well-built healhty homes and good for investors who want to look after their tenants.

Over the next three months, both investors and first-home buyers will want to time their pre-approval application for when the banks swing their deposit requirements to the more relaxed end of the spectrum. In this lending environment, a decline this week because of an unacceptably low deposit is not necessarily a decline next week.

- Rupert Gough is Mortgage Lab CEO and author of The Successful First Home Buyer

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HOUSE PRI CE INDEX

How hot is your suburb?

The OneRoof Property Report suburb valuation tables, powered by OneRoof’s data partner Valocity, show the latest median property values for every suburb* in New Zealand.

The tables are arranged by region, starting at the top of the North Island and finishing at the bottom of the South Island (with the territorial authorities and suburbs within each region shown in alphabetical order).

What do the tables show?

The tables below show for each suburb, territorial authority and region: ● The median property value at February 15, 2021; ● The 12-month change in percent; ● The 12-month change in dollars; ● The highest settled sale price in the year to February 15, 2021; and ● The percentage change on the OneRoof-Valocity House Price Index

What do the numbers mean?

The median property value is the middle point for property values.

Median means “in the middle”, so if for example there are five houses in a suburb and they are valued at $175,000, $200,000, $250,000, $350,000, and $600,000, the median

SUBURB

value would be the one in the middle, or $250,000.The median is a good indicator of typical property values within an area because it is not affected by outliers.

The 12-month change indicates how well property values are tracking in the given area. If the percentage change is upwards, then it means the market in the area may be hot and that homes there are selling quickly and for more money.

If the percentage change is downwards, then it is a sign that the market in the area is soft or cold, and that properties are selling slowly and for less.

The change in dollars shows how much value gain or loss homeowners in any given area has seen in the last 12 months, while the highest settled sale price indicates how well the top end of the market is doing in each area.

The OneRoof-Valocity House Price Index number shows the change in the housing market in the months since Covid-19 struck New Zealand, and is an accurate measure of recent property boom.

Together these figures give a good overview of what’s happening in the housing market in each region,TA and suburb, and what buyers can expect to

LATEST MEDIAN 12-MONTH PROPERTY % CHANGE VALUE

pay and sellers can expect to make.

How are the suburb values calculated?

For latest median property value, the tables use an automated valuation model (AVM).The AVM takes into account recorded property attributes and historical property sales data to estimate the value of every residential property value in a suburb.The model is intended to provide an estimate of value at the date it was run.You can find out the value of your own property - and those of your neighbours - at OneRoof.co.nz/estimate.

An interactive carrying more house price data for every suburb in New Zealand can be found at OneRoof.co.nz/ property-report.Alternatively, you can go straight to the interactive using the QR code on the right.

Hold your phone camera over the code and click on the link. *Only suburbs with 10 sales or more in the 12 months to February 15 have been included in the print tables below.The latest property values for all 2606 New Zealand suburbs can be found in the interactive at OneRoof. co.nz/property-report.

If you have a question about the data, please contact support@ oneroof.co.nz

12-MONTH $ CHANGE

HIGHEST SETTLED SALE IN LAST 12 MONTHS

HOUSE PRICE INDEX % CHANGE POSTCOVID-19

SUBURB

LATEST MEDIAN 12-MONTH PROPERTY % CHANGE VALUE

12-MONTH $ CHANGE

HIGHEST SETTLED SALE IN LAST 12 MONTHS

HOUSE PRICE INDEX % CHANGE POSTCOVID-19

NORTH ISLAND NORTHLAND

$650,000

21%

$115,000

$7,000,000

14.3%

FAR NORTH

$580,000

26%

$120,000

$7,000,000

15.3%

TAIPA OPONONI HIHI OKAIHAU COOPERS BEACH MANGONUI KAEO KAWAKAWA OPUA AHIPARA HARURU CABLE BAY RUSSELL KARIKARI PENINSULA WAIPAPA PAIHIA KAIKOHE KAITAIA KERIKERI

$537,500 $445,000 $525,000 $670,000 $640,000 $570,000 $440,000 $360,000 $772,500 $495,000 $675,000 $615,000 $905,000 $575,000 $905,000 $577,500 $310,000 $335,000 $830,000

28% 44% -9% 44% 16% 10% 9% 24% 64% 27% 21% 17% 12% 25% 16% 10% 59% 31% 18%

$117,500 $135,000 -$50,000 $205,000 $90,000 $50,000 $35,000 $70,000 $302,500 $105,000 $115,000 $90,000 $95,000 $115,000 $125,000 $52,500 $115,000 $80,000 $125,000

$690,000 $790,000 $850,000 $1,075,000 $1,650,000 $1,250,000 $1,650,000 $940,000 $782,000 $1,200,000 $1,620,000 $1,150,000 $3,300,000 $1,050,000 $1,355,000 $1,000,000 $703,500 $700,000 $2,375,000

15.3% 15.3% 15.3% 15.3% 15.3% 15.3% 15.3% 15.3% 15.3% 15.3% 15.3% -1.9% 15.3% 10.6% 15.3% 2.1% 15.9% 13.1% 10.8%

KAIPARA

$675,000

13%

$75,000

$4,000,000

11.2%

TINOPAI PAPAROA TE KOPURU RUAWAI KAIWAKA MAUNGATUROTO MANGAWHAI DARGAVILLE MANGAWHAI HEADS

$445,000 $615,000 $385,000 $345,000 $680,000 $565,000 $950,000 $405,000 $975,000

7% 14% 45% 38% 5% 31% 18% 23% 22%

$30,000 $75,000 $120,000 $95,000 $30,000 $135,000 $145,000 $75,000 $175,000

$610,000 $897,500 $640,000 $519,600 $1,085,900 $1,094,000 $4,000,000 $950,000 $3,100,000

11.2% 11.2% 11.2% 11.2% 11.2% 11.2% 11.3% 12.3% 14.9%

WHANGAREI

$675,000

23%

$125,000

$5,650,000

10.0%

POROTI WHAKAPARA NGARARATUNUA GLENBERVIE LANGS BEACH RIVERSIDE TAMATERAU KAURI OTANGAREI NGUNGURU TUTUKAKA WHANGAREI HEADS WOODHILL PARAHAKI MAUNGATAPERE HIKURANGI PARUA BAY RUATANGATA WEST HORAHORA REGENT MORNINGSIDE WHAU VALLEY AVENUES RUAKAKA ONE TREE POINT WAIPU RAUMANGA MAUNU KENSINGTON ONERAHI TIKIPUNGA KAMO

$845,000 $665,000 $962,500 $980,000 $1,692,500 $717,500 $965,000 $990,000 $335,000 $925,000 $980,000 $920,000 $575,000 $660,000 $910,000 $472,500 $935,000 $842,500 $600,000 $670,000 $520,000 $630,000 $545,000 $750,000 $870,000 $925,000 $435,000 $857,500 $595,000 $590,000 $530,000 $665,000

9% 16% 33% 18% 12% 26% 19% 37% 38% 18% 17% 23% 31% 18% 9% 21% 20% 23% 26% 30% 22% 27% 33% 21% 22% 19% 19% 22% 31% 24% 22% 23%

$70,000 $90,000 $240,000 $150,000 $187,500 $147,500 $155,000 $265,000 $92,500 $140,000 $140,000 $175,000 $135,000 $100,000 $75,000 $82,500 $155,000 $160,000 $122,500 $155,000 $95,000 $135,000 $135,000 $130,000 $155,000 $145,000 $70,000 $152,500 $140,000 $115,000 $95,000 $125,000

$1,630,000 $870,000 $1,515,000 $1,215,000 $5,100,000 $1,250,000 $1,400,000 $1,125,000 $453,000 $1,065,000 $2,080,000 $1,320,000 $825,000 $1,145,000 $1,450,000 $910,000 $2,125,000 $1,200,000 $860,000 $1,220,000 $595,000 $987,500 $830,000 $1,340,000 $5,650,000 $1,900,000 $650,000 $1,575,000 $1,325,000 $990,000 $850,000 $1,847,391

10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 2.6% 10.0% 10.0% 10.0% 14.7% 17.7% 16.6% 1.7% 7.9% 15.5% 4.1% 14.7% 10.0% 12.7% 13.3%

18

OneRoof.co.nz

SUBURB

LATEST MEDIAN 12-MONTH PROPERTY % CHANGE VALUE

12-MONTH $ CHANGE

HIGHEST SETTLED SALE IN LAST 12 MONTHS

HOUSE PRICE INDEX % CHANGE POSTCOVID-19

AUCKLAND

$1,100,000

23%

$205,000

$11,500,000

14.8%

AUCKLAND CITY

$1,250,000

26%

$255,000

$11,500,000

15.6%

AUCKLAND CENTRAL AVONDALE BLOCKHOUSE BAY EDEN TERRACE ELLERSLIE EPSOM FREEMANS BAY GLEN INNES GLENDOWIE GRAFTON GREAT BARRIER ISLAND (AOTEA ISD) GREENLANE GREY LYNN HERNE BAY HILLSBOROUGH KINGSLAND KOHIMARAMA LYNFIELD MEADOWBANK MISSION BAY MORNINGSIDE MOUNT ALBERT MOUNT EDEN MOUNT ROSKILL MOUNTWELLINGTON NEW WINDSOR NEWMARKET ONE TREE HILL ONEHUNGA ORAKEI OTAHUHU PANMURE PARNELL PENROSE POINT CHEVALIER POINT ENGLAND PONSONBY RAKINO ISLAND REMUERA ROYAL OAK SAINT JOHNS SAINT MARYS BAY SANDRINGHAM ST HELIERS STONEFIELDS THREE KINGS WAI O TAIKI BAY WATERVIEW WESLEY WESTMERE

$495,000 $1,025,000 $1,225,000 $725,000 $1,295,000 $2,050,000 $1,412,500 $1,155,000 $2,022,500 $535,000 $690,000 $1,695,000 $1,825,000 $3,005,000 $1,325,000 $1,565,000 $1,880,000 $1,310,000 $1,627,500 $1,825,000 $1,465,000 $1,295,000 $1,860,000 $1,190,000 $975,000 $1,335,000 $797,500 $1,335,000 $1,160,000 $1,985,000 $800,000 $1,020,000 $1,635,000 $1,182,500 $1,875,000 $1,160,000 $2,180,000 $360,000 $2,075,000 $1,412,500 $1,505,000 $2,710,000 $1,475,000 $1,865,000 $1,480,000 $1,230,000 $1,490,000 $1,085,000 $900,000 $2,230,000

9% 24% 32% 16% 31% 20% 21% 22% 30% 10% 62% 25% 25% 18% 23% 22% 24% 34% 22% 22% 31% 20% 29% 26% 23% 40% 18% 28% 27% 26% 26% 26% 23% 27% 29% 23% 25% 0% 18% 26% 30% 21% 28% 24% 10% 25% 18% 29% -1% 25%

$40,000 $200,000 $300,000 $100,000 $310,000 $340,000 $247,500 $210,000 $467,500 $50,000 $265,000 $335,000 $370,000 $455,000 $250,000 $280,000 $365,000 $330,000 $292,500 $325,000 $345,000 $220,000 $415,000 $245,000 $180,000 $380,000 $122,500 $295,000 $250,000 $405,000 $165,000 $210,000 $310,000 $252,500 $425,000 $215,000 $440,000 $360,000 $320,000 $292,500 $345,000 $470,000 $320,000 $355,000 $140,000 $245,000 $230,000 $245,000 -$10,000 $445,000

$2,450,000 $1,650,000 $2,650,000 $2,187,500 $2,700,000 $8,500,000 $6,000,000 $1,800,000 $9,000,000 $3,400,000 $985,000 $3,520,000 $4,875,000 $6,900,000 $2,056,000 $2,325,000 $4,800,000 $2,010,000 $3,305,000 $5,390,000 $3,050,000 $3,200,000 $5,600,000 $2,100,000 $3,050,000 $1,690,000 $2,250,000 $2,720,000 $2,720,000 $10,800,000 $1,405,000 $1,811,000 $9,750,000 $1,329,000 $4,600,000 $3,050,000 $5,100,000 $300,000 $11,500,000 $2,745,000 $3,750,000 $6,358,000 $2,750,000 $5,350,000 $1,910,000 $2,610,000 $3,850,000 $2,105,000 $1,451,500 $7,100,000

-0.7% 11.3% 11.1% -1.2% 11.8% 9.5% 11.8% 15.6% 11.5% -0.9% 15.6% 7.0% 25.6% 12.1% 4.9% 26.5% 10.7% 15.6% 17.2% 12.9% 6.7% 12.4% 12.7% 14.8% 13.2% 11.3% 15.6% 11.8% 14.6% 11.7% 14.6% 26.0% 10.7% 15.6% 6.0% 15.6% 22.4% 15.6% 18.5% 4.3% 14.4% 15.6% 11.4% 14.3% 11.1% 5.2% 15.6% 9.4% 15.6% 20.6%

FRANKLIN

$810,000

15%

$105,000

$3,850,000

11.6%

ARARIMU AWHITU BOMBAY CLARKS BEACH GLENBROOK HUNUA KARIOITAHI KINGSEAT MANUKAU HEADS MAUKU PAERATA PATUMAHOE POLLOK PUKEKOHE RAMARAMA RUNCIMAN WAIAU PA WAIUKU

$1,545,000 $615,000 $1,240,000 $925,000 $940,000 $1,222,500 $1,017,500 $1,427,500 $775,000 $1,180,000 $940,000 $1,000,000 $840,000 $770,000 $1,572,500 $1,590,000 $1,505,000 $720,000

27% 5% 18% 19% 9% 17% 9% 15% 6% 10% 4% 14% 5% 16% 18% 23% 13% 13%

$330,000 $30,000 $185,000 $147,500 $80,000 $177,500 $82,500 $187,500 $45,000 $110,000 $32,500 $120,000 $37,500 $105,000 $242,500 $300,000 $175,000 $80,000

$3,400,000 $1,200,000 $2,150,000 $2,650,000 $2,420,000 $1,800,000 $1,140,000 $3,100,000 $1,280,000 $1,800,000 $1,480,000 $1,800,000 $1,600,000 $2,300,000 $3,000,000 $2,380,000 $3,850,000 $1,535,000

11.6% 11.6% 11.6% 11.6% 11.6% 11.6% 11.6% 11.6% 11.6% 11.6% 11.6% 11.6% 11.6% 12.3% 11.6% 11.6% 11.6% 14.7%

MANUKAU

$1,035,000

25%

$205,000

$5,800,000

14.4%

ALFRISTON BEACHLANDS BOTANY DOWNS BROOKBY BUCKLANDS BEACH BURSWOOD CLENDON PARK CLEVEDON CLOVER PARK COCKLE BAY DANNEMORA

$2,097,500 $1,345,000 $1,305,000 $1,817,500 $1,545,000 $1,195,000 $685,000 $1,700,000 $855,000 $1,525,000 $1,645,000

30% 17% 32% 71% 27% 27% 27% 26% 33% 27% 19%

$485,000 $195,000 $315,000 $757,500 $330,000 $255,000 $145,000 $355,000 $210,000 $320,000 $260,000

$3,110,000 $4,885,000 $2,235,000 $2,195,000 $3,200,000 $1,321,000 $1,050,000 $2,700,000 $1,200,000 $3,400,000 $3,180,000

14.4% 13.2% 23.7% 14.4% 13.4% 14.4% 11.0% 14.4% 15.0% 11.9% 14.4%

SUBURB

LATEST MEDIAN 12-MONTH PROPERTY % CHANGE VALUE

12-MONTH $ CHANGE

HIGHEST SETTLED SALE IN LAST 12 MONTHS

HOUSE PRICE INDEX % CHANGE POSTCOVID-19

EAST TAMAKI EAST TAMAKI HEIGHTS EASTERN BEACH FARM COVE FAVONA FLAT BUSH GOLFLANDS GOODWOOD HEIGHTS HALF MOON BAY HIGHLAND PARK HOWICK HUNTINGTON PARK KAWAKAWA BAY MANGERE MANGERE BRIDGE MANGERE EAST MANUKAU MANUREWA MANUREWA EAST MARAETAI MELLONS BAY NESS VALLEY NORTHPARK ORERE POINT OTARA PAKURANGA PAKURANGA HEIGHTS PAPATOETOE RANDWICK PARK SHAMROCK PARK SHELLY PARK SOMERVILLE SUNNYHILLS THE GARDENS TOTARA HEIGHTS TOTARA PARK WATTLE DOWNS WEYMOUTH WHITFORD WIRI

$1,175,000 $1,490,000 $1,855,000 $1,625,000 $880,000 $1,280,000 $1,395,000 $1,055,000 $1,480,000 $1,177,500 $1,245,000 $1,357,500 $920,000 $870,000 $1,160,000 $880,000 $645,000 $820,000 $835,000 $1,405,000 $1,900,000 $1,460,000 $1,480,000 $530,000 $775,000 $1,185,000 $1,270,000 $850,000 $755,000 $2,542,500 $1,485,000 $1,555,000 $1,510,000 $1,210,000 $1,015,000 $1,860,000 $1,065,000 $780,000 $2,670,000 $690,000

20% 18% 30% 27% 29% 17% 29% 26% 30% 30% 31% 26% 13% 29% 23% 36% 26% 30% 36% 16% 28% 33% 24% 12% 36% 30% 39% 21% 25% 42% 27% 24% 28% 20% 25% 21% 28% 22% 21% 23%

$195,000 $225,000 $430,000 $350,000 $200,000 $185,000 $310,000 $215,000 $340,000 $272,500 $295,000 $282,500 $105,000 $195,000 $215,000 $235,000 $135,000 $190,000 $220,000 $190,000 $415,000 $362,500 $285,000 $57,500 $205,000 $270,000 $355,000 $145,000 $150,000 $747,500 $315,000 $302,500 $330,000 $205,000 $200,000 $320,000 $230,000 $140,000 $460,000 $130,000

$1,405,000 $2,505,000 $3,050,000 $3,530,000 $1,005,000 $2,880,000 $1,757,000 $1,364,000 $3,700,000 $1,710,000 $2,395,000 $1,205,000 $1,560,000 $1,200,000 $2,650,000 $1,457,000 $1,310,000 $2,610,000 $930,000 $1,850,000 $3,350,000 $1,350,000 $1,750,000 $1,000,000 $930,000 $2,088,000 $1,451,000 $3,385,000 $915,000 $2,400,000 $2,760,000 $1,761,000 $5,800,000 $2,200,000 $1,520,000 $3,025,000 $1,210,000 $1,800,000 $5,800,000 $775,000

10.7% 3.7% 14.4% 14.4% 10.7% 6.0% 14.4% 19.6% 17.2% 9.2% 13.5% 14.4% 14.4% 15.4% 9.3% 23.0% 14.4% 20.3% 17.5% 14.4% 7.1% 14.4% 11.9% 14.4% 22.7% 16.0% 16.2% 13.1% 10.0% 14.4% -2.7% 13.4% 14.4% 2.0% 14.4% 14.4% 15.7% 15.2% 14.4% 14.4%

NORTH SHORE

$1,310,000

24%

$255,000

$7,900,000

13.1%

ALBANY ALBANY HEIGHTS BAYSWATER BAYVIEW BEACH HAVEN BELMONT BIRKDALE BIRKENHEAD BROWNS BAY CAMPBELLS BAY CASTOR BAY CHATSWOOD DEVONPORT FAIRVIEW HEIGHTS FORREST HILL GLENFIELD GREENHITHE HAURAKI HILLCREST LONG BAY LUCAS HEIGHTS MAIRANGI BAY MILFORD MURRAYS BAY NARROW NECK NORTHCOTE NORTHCOTE POINT NORTHCROSS OKURA OTEHA PAREMOREMO PINEHILL ROSEDALE ROTHESAY BAY SCHNAPPER ROCK STANLEY POINT SUNNYNOOK TAKAPUNA TORBAY TOTARA VALE UNSWORTH HEIGHTS WAIAKE WAIRAU VALLEY WINDSOR PARK

$1,155,000 $1,175,000 $1,475,000 $1,005,000 $1,035,000 $1,365,000 $990,000 $1,205,000 $1,305,000 $2,070,000 $1,815,000 $1,410,000 $1,925,000 $1,585,000 $1,445,000 $1,060,000 $1,605,000 $1,645,000 $1,285,000 $1,620,000 $1,580,000 $1,810,000 $1,490,000 $1,715,000 $1,757,500 $1,255,000 $1,575,000 $1,205,000 $1,455,000 $1,105,000 $1,450,000 $1,690,000 $1,105,000 $1,555,000 $1,640,000 $2,087,500 $1,235,000 $1,555,000 $1,205,000 $1,085,000 $1,145,000 $1,490,000 $967,500 $1,355,000

18% 15% 26% 25% 25% 26% 25% 24% 27% 21% 23% 19% 23% 19% 21% 25% 23% 22% 25% 13% 17% 24% 22% 29% 22% 22% 22% 26% 27% 17% 27% 21% 25% 23% 19% 25% 23% 21% 22% 25% 22% 25% 26% 23%

$175,000 $150,000 $305,000 $200,000 $205,000 $285,000 $195,000 $230,000 $280,000 $360,000 $335,000 $225,000 $362,500 $255,000 $255,000 $210,000 $305,000 $295,000 $260,000 $180,000 $235,000 $350,000 $270,000 $385,000 $322,500 $230,000 $285,000 $245,000 $307,500 $162,500 $307,500 $295,000 $217,500 $295,000 $257,500 $422,500 $230,000 $270,000 $215,000 $215,000 $205,000 $295,000 $202,500 $255,000

$2,205,000 $2,100,000 $3,660,000 $1,560,000 $1,628,000 $3,250,000 $1,733,000 $2,650,000 $2,350,000 $5,000,000 $3,700,000 $2,210,000 $4,190,000 $3,800,000 $2,546,000 $1,655,000 $5,650,000 $4,800,000 $1,980,000 $2,700,000 $2,253,000 $2,875,000 $6,550,000 $2,430,000 $4,700,000 $4,050,000 $2,835,000 $1,566,000 $4,500,000 $2,230,000 $2,750,000 $2,400,000 $1,750,000 $2,850,000 $2,915,000 $4,055,500 $2,330,000 $7,900,000 $3,550,000 $1,500,000 $1,695,000 $2,000,000 NA $1,900,000

9.0% -1.6% 13.1% 7.0% 14.0% 9.5% 15.7% 6.5% 11.2% 4.5% 4.0% 13.1% 18.6% 13.1% 14.1% 15.3% 0.2% 7.3% 12.0% 0.9% 13.1% 11.1% 16.2% 8.1% 18.9% 15.1% 16.5% 12.3% 13.1% 10.0% 13.1% 5.0% 13.1% 26.8% 4.7% 13.1% 24.2% 5.7% 9.8% 10.9% 12.1% 13.1% 13.1% 13.1%

OneRoof.co.nz

SUBURB

LATEST MEDIAN 12-MONTH PROPERTY % CHANGE VALUE

12-MONTH $ CHANGE

HIGHEST SETTLED SALE IN LAST 12 MONTHS

HOUSE PRICE INDEX % CHANGE POSTCOVID-19

SUBURB

LATEST MEDIAN 12-MONTH PROPERTY % CHANGE VALUE

12-MONTH $ CHANGE

HIGHEST SETTLED SALE IN LAST 12 MONTHS

HOUSE PRICE INDEX % CHANGE POSTCOVID-19

PAPAKURA

$870,000

25%

$175,000

$3,650,000

20.7%

WAITAKERE

$995,000

25%

$200,000

$3,200,000

15.3%

ARDMORE CONIFER GROVE DRURY KARAKA OPAHEKE PAHUREHURE PAPAKURA RED HILL ROSEHILL TAKANINI

$2,070,000 $1,005,000 $972,500 $1,345,000 $960,000 $990,000 $765,000 $790,000 $820,000 $880,000

162% 23% 29% 13% 29% 31% 25% 34% 31% 18%

$1,280,000 $190,000 $217,500 $155,000 $215,000 $235,000 $155,000 $200,000 $195,000 $135,000

$3,000,000 $1,540,000 $1,707,000 $3,650,000 $1,485,000 $2,850,000 $1,376,000 $1,700,000 $2,800,000 $2,100,000

20.7% 18.0% 20.7% 9.6% 22.0% 23.3% 24.0% 11.9% 16.2% 13.8%

RODNEY

$1,105,000

19%

$175,000

$7,350,000

12.8%

ALGIES BAY ARKLES BAY ARMY BAY BIG OMAHA COATESVILLE DAIRY FLAT DOME FOREST DOME VALLEY GLORIT GULF HARBOUR HATFIELDS BEACH HELENSVILLE HUAPAI KAIPARA FLATS KAUKAPAKAPA KAWAU ISLAND KUMEU LEIGH MAHURANGI EAST MAHURANGI WEST MAKARAU MANGAKURA MANLY MATAKANA MATAKATIA MURIWAI OMAHA OREWA PAKIRI PARAKAI POHUEHUE POINT WELLS PORT ALBERT PUHOI RED BEACH REDVALE RIVERHEAD SANDSPIT SHELLY BEACH SILVERDALE SNELLS BEACH SOUTH HEAD STANMORE BAY STILLWATER TAHEKEROA TAPORA TAUHOA TAUPAKI TAWHARANUI PENINSULA TE ARAI TE HANA TI POINT TINDALLS BEACH TOMARATA WADE HEADS WAIMAUKU WAINUI WAITOKI WAIWERA WARKWORTH WELLSFORD WHANGARIPO WHANGATEAU WHAREHINE

$1,095,000 $1,025,000 $1,010,000 $2,060,000 $2,475,000 $2,105,000 $1,220,000 $1,292,500 $965,000 $920,000 $960,000 $920,000 $1,110,000 $1,252,500 $1,200,000 $590,000 $1,210,000 $975,000 $1,340,000 $1,435,000 $1,070,000 $657,500 $985,000 $1,390,000 $1,387,500 $1,235,000 $1,810,000 $1,085,000 $1,002,500 $755,000 $1,322,500 $1,520,000 $857,500 $1,320,000 $1,105,000 $1,780,000 $1,370,000 $1,250,000 $715,000 $1,330,000 $915,000 $1,055,000 $885,000 $1,100,000 $950,000 $642,500 $847,500 $2,145,000 $1,585,000 $1,090,000 $750,000 $1,017,500 $1,335,000 $965,000 $997,500 $1,395,000 $1,515,000 $1,777,500 $995,000 $945,000 $680,000 $1,117,500 $1,140,000 $745,000

20% 18% 18% 15% -2% 12% 21% 29% 15% 16% 22% 14% 20% 18% 13% 0% 15% 17% -1% -1% 14% 4% 21% 15% 23% 15% 13% 23% 5% 30% 26% 13% 33% 22% 21% 16% 19% 32% -46% 24% 20% 10% 19% 42% 12% -3% 23% 40% 27% 10% 11% 12% 20% 2% 19% 21% -0% 16% -16% 14% 16% 41% 13% 28%

$180,000 $155,000 $155,000 $270,000 -$50,000 $230,000 $215,000 $290,000 $125,000 $125,000 $172,500 $110,000 $185,000 $187,500 $140,000 $590,000 $155,000 $145,000 -$20,000 -$15,000 $135,000 $22,500 $170,000 $177,500 $262,500 $165,000 $210,000 $200,000 $45,000 $175,000 $270,000 $175,000 $215,000 $240,000 $190,000 $245,000 $215,000 $305,000 -$615,000 $255,000 $150,000 $100,000 $140,000 $327,500 $100,000 -$17,500 $160,000 $615,000 $340,000 $100,000 $72,500 $107,500 $220,000 $20,000 $162,500 $240,000 -$5,000 $240,000 -$195,000 $115,000 $95,000 $327,500 $135,000 $165,000

$2,350,000 $950,000 $2,222,000 $1,257,500 $6,900,000 $3,050,000 $3,600,000 NA $1,340,000 $3,100,000 $1,230,000 $2,315,000 $1,620,000 $1,500,000 $1,875,000 $1,400,000 $2,800,000 $6,200,000 $2,100,000 $1,100,000 $1,395,000 NA $5,100,000 $3,850,000 $1,700,000 $2,250,000 $7,350,000 $3,250,000 NA $879,000 $6,980,000 $2,300,000 $690,000 $2,800,000 $3,770,000 $2,508,000 $5,000,000 $2,735,000 $1,250,000 $1,820,000 $1,930,000 $2,250,000 $1,945,000 $3,800,000 $1,290,000 $590,000 $487,000 $1,950,000 $5,500,000 $1,370,000 $372,000 $860,000 $3,350,000 $1,100,000 $2,023,683 $4,125,000 $2,825,000 $2,800,000 $640,000 $6,100,000 $1,310,000 $1,600,000 $2,200,000 $480,000

12.8% 12.8% 12.8% 12.8% 12.8% 12.8% 12.8% 12.8% 12.8% 7.3% -1.7% 8.6% 12.8% 12.8% 12.8% 12.8% 9.8% 12.8% 12.8% 12.8% 12.8% 12.8% 15.4% 12.8% 12.8% 12.8% 12.8% 18.6% 12.8% 12.8% 12.8% 12.8% 12.8% 12.8% 7.4% 12.8% 12.8% 12.8% 12.8% 8.7% 13.3% 12.8% 7.2% 12.8% 12.8% 12.8% 12.8% 12.8% 12.8% 12.8% 12.8% 12.8% 12.8% 12.8% 12.8% 12.8% 12.8% 12.8% 12.8% 7.3% 12.8% 12.8% 12.8% 12.8%

ANAWHATA BETHELLS BEACH CORNWALLIS GLEN EDEN GLENDENE GREEN BAY HENDERSON HENDERSON VALLEY HERALD ISLAND HOBSONVILLE HUIA KAREKARE KELSTON LAINGHOLM MASSEY NEW LYNN ORATIA PARAU PIHA RANUI SUNNYVALE SWANSON TE ATATU PENINSULA TE ATATU SOUTH TITIRANGI WAIATARUA WAITAKERE WEST HARBOUR WESTGATE WHENUAPAI

$500,000 $987,500 $1,150,000 $895,000 $960,000 $1,165,000 $975,000 $1,092,500 $1,460,000 $1,035,000 $892,500 $910,000 $922,500 $1,012,500 $920,000 $910,000 $1,185,000 $1,022,500 $1,155,000 $830,000 $885,000 $1,005,000 $1,230,000 $1,040,000 $1,160,000 $1,060,000 $1,200,000 $1,205,000 $980,000 $1,195,000

0% 27% 26% 22% 26% 34% 26% 27% 35% 13% 25% 39% 25% 23% 24% 22% 36% 24% 25% 21% 24% 19% 32% 29% 30% 28% 25% 23% 17% 20%

$500,000 $210,000 $237,500 $160,000 $200,000 $295,000 $200,000 $235,000 $375,000 $115,000 $177,500 $255,000 $182,500 $187,500 $180,000 $165,000 $312,500 $200,000 $230,000 $145,000 $170,000 $160,000 $295,000 $235,000 $270,000 $230,000 $240,000 $225,000 $142,500 $197,500

NA $758,000 $2,100,000 $1,465,000 $1,200,000 $1,835,000 $2,260,000 $1,500,000 $2,425,000 $2,015,000 $1,385,000 $1,600,000 $1,210,000 $1,299,000 $3,200,000 $1,800,000 $2,125,000 $812,000 $3,000,050 $2,100,000 $1,230,000 $1,995,000 $2,290,000 $1,600,000 $2,200,000 $1,780,000 $1,400,000 $2,015,000 $1,230,000 $1,523,000

15.3% 15.3% 15.3% 12.2% 15.9% 15.3% 15.1% 15.3% 15.3% 5.3% 15.3% 15.3% 15.3% 15.3% 19.6% 14.4% 15.3% 15.3% 15.3% 10.5% 13.4% 7.5% 16.8% 16.7% 18.8% 15.3% 15.3% 13.6% 5.9% 22.6%

WAIKATO

$710,000

22%

$130,000

$4,550,000

13.9%

HAMILTON

$735,000

27%

$155,000

$2,700,000

14.7%

HARROWFIELD BAVERSTOCK TEMPLE VIEW WESTERN HEIGHTS DEANWELL CHEDWORTH RIVERLEA HAMILTON LAKE SILVERDALE QUEENWOOD WHITIORA BADER FITZROY GRANDVIEW HEIGHTS FAIRVIEW DOWNS BEERESCOURT FOREST LAKE HAMILTON CENTRAL PUKETE MAEROA CLAUDELANDS ENDERLEY ROTOTUNA HILLCREST SAINT ANDREWS ROTOTUNA NORTH MELVILLE FAIRFIELD HUNTINGTON GLENVIEW FRANKTON DINSDALE NAWTON CHARTWELL HAMILTON EAST FLAGSTAFF

$980,000 $895,000 $785,000 $937,500 $610,000 $875,000 $865,000 $805,000 $700,000 $875,000 $565,000 $557,500 $755,000 $850,000 $720,000 $835,000 $700,000 $670,000 $765,000 $670,000 $715,000 $545,000 $955,000 $770,000 $735,000 $975,000 $630,000 $655,000 $985,000 $715,000 $555,000 $695,000 $600,000 $755,000 $675,000 $1,010,000

19% 20% 17% 25% 23% 28% 26% 21% 26% 22% 19% 31% 30% 23% 30% 28% 26% 18% 29% 29% 28% 28% 24% 28% 27% 22% 29% 30% 22% 28% 24% 29% 28% 28% 24% 22%

$155,000 $150,000 $115,000 $185,000 $115,000 $192,500 $180,000 $140,000 $145,000 $160,000 $90,000 $132,500 $175,000 $160,000 $165,000 $185,000 $145,000 $102,500 $170,000 $150,000 $155,000 $120,000 $185,000 $170,000 $155,000 $175,000 $140,000 $150,000 $180,000 $155,000 $107,500 $155,000 $130,000 $165,000 $130,000 $180,000

$1,360,000 $920,000 $1,430,000 $895,000 $673,500 $891,000 $1,220,000 $1,600,000 $902,000 $1,962,500 $1,070,000 $650,000 $870,000 $945,000 $805,000 $1,700,000 $960,000 $1,330,000 $1,410,000 $1,057,500 $1,560,000 $906,000 $1,190,000 $1,131,000 $1,620,000 $2,700,000 $920,000 $1,550,000 $1,370,000 $1,468,000 $1,710,000 $865,000 $850,000 $1,520,000 $1,145,000 $2,363,000

14.7% 14.7% 14.7% 14.7% 14.7% 14.7% 9.2% 14.7% 14.7% 14.7% 9.5% 14.7% 14.7% 10.9% 19.6% 14.7% 12.2% 14.7% 15.6% 2.1% 4.1% 15.7% 10.2% 16.0% 12.4% 12.8% 14.4% 11.5% 11.8% 7.9% 11.2% 10.1% 10.9% 15.0% 9.7% 9.1%

HAURAKI

$555,000

22%

$100,000

$1,880,000

10.2%

WHIRITOA NGATEA PAEROA WAIHI

$682,500 $590,000 $460,000 $560,000

14% 24% 16% 27%

$82,500 $115,000 $65,000 $120,000

$1,545,000 $1,150,000 $1,225,000 $1,880,000

0.0% 0.7% 8.1% 15.5%

MATAMATA-PIAKO

$605,000

17%

$90,000

$2,040,000

10.2%

TE AROHA MORRINSVILLE MATAMATA

$525,000 $620,000 $610,000

17% 16% 17%

$75,000 $85,000 $90,000

$1,200,000 $2,040,000 $1,855,000

10.5% 12.0% 8.4%

OTOROHANGA

$485,000

21%

$85,000

$1,150,000

13.9%

KAWHIA PUKETOTARA OTOROHANGA

$440,000 $810,000 $470,000

0% 11% 27%

$$80,000 $100,000

$846,000 $1,150,000 $1,050,000

13.9% 13.9% 13.9%

WAIHEKE ISLAND OMIHA ONEROA ONETANGI OSTEND PALM BEACH SURFDALE WAIHEKE ISLAND

$887,500 $1,400,000 $1,160,000 $980,000 $1,470,000 $1,045,000 $1,852,500

15% 20% 18% 16% 20% 14% 72%

$115,000 $230,000 $175,000 $137,500 $250,000 $130,000 $775,000

$3,100,000 $7,850,000 $2,605,000 $3,530,000 $3,350,000 $3,750,000 $8,100,000

15.6% 5.9% 15.6% 15.6% 15.6% 19.8% 15.6%

19

20

OneRoof.co.nz

SUBURB

LATEST MEDIAN 12-MONTH PROPERTY % CHANGE VALUE

12-MONTH $ CHANGE

HIGHEST SETTLED SALE IN LAST 12 MONTHS

HOUSE PRICE INDEX % CHANGE POSTCOVID-19

SOUTH WAIKATO

$365,000

24%

$70,000

$1,087,500

5.6%

ARAPUNI TIRAU PUTARURU TOKOROA

$490,000 $505,000 $445,000 $335,000

21% 17% 29% 31%

$85,000 $75,000 $100,000 $80,000

$960,000 $955,000 $750,000 $900,000

5.6% 5.6% 14.1% 5.3%

TAUPO

$640,000

23%

$120,000

$3,840,000

11.6%

RAINBOW POINT OMORI ORUANUI WAIRAKEI MOTUOAPA TWO MILE BAY KURATAU WHAREWAKA RANGATIRA PARK WAIPAHIHI TAUHARA MANGAKINO ACACIA BAY RICHMOND HEIGHTS HILLTOP KINLOCH NUKUHAU TURANGI TAUPO

$1,015,000 $550,000 $975,000 $810,000 $570,000 $700,000 $585,000 $955,000 $760,000 $860,000 $475,000 $375,000 $965,000 $620,000 $670,000 $935,000 $680,000 $360,000 $580,000

24% 24% 21% 25% 18% 24% 24% 24% 20% 22% 25% 47% 21% 22% 26% 21% 19% 38% 25%

$195,000 $105,000 $170,000 $160,000 $85,000 $135,000 $115,000 $185,000 $125,000 $155,000 $95,000 $120,000 $167,500 $110,000 $140,000 $160,000 $110,000 $100,000 $115,000

$3,000,000 $800,000 $1,400,000 $1,320,000 $700,000 $1,025,000 $915,000 $2,105,000 $1,725,000 $1,920,000 $645,000 $550,000 $2,350,000 $858,000 $2,200,000 $3,840,000 $1,210,000 $700,000 $1,850,000

11.6% 11.6% 11.6% 11.6% 11.6% 11.6% 13.0% 11.6% 11.6% 17.9% 11.6% 11.6% 3.8% 12.0% 20.2% 4.5% 9.0% 14.1% 10.5%

THAMES-COROMANDEL

$835,000

20%

$140,000

$4,250,000

11.3%

TE MATA ONEMANA COOKS BEACH HAHEI TE PURU COROMANDEL MATARANGI TAIRUA PAUANUI WHANGAMATA THAMES WHITIANGA

$700,000 $990,000 $930,000 $1,210,000 $670,000 $630,000 $815,000 $785,000 $940,000 $1,035,000 $580,000 $745,000

14% 42% 24% 18% 15% 10% 31% 13% 18% 36% 20% 13%

$85,000 $292,500 $180,000 $185,000 $85,000 $55,000 $195,000 $90,000 $140,000 $275,000 $95,000 $85,000

$1,435,500 $2,150,000 $2,900,000 $3,400,000 $1,030,000 $1,450,000 $2,275,000 $3,110,000 $2,950,000 $4,250,000 $1,310,000 $2,300,000

11.3% 11.3% 11.3% 11.3% 11.3% 11.3% 11.3% 9.3% 5.8% 20.8% 10.2% 7.2%

WAIKATO

$810,000

14%

$100,000

$4,550,000

12.8%

NEWSTEAD PUKEKAWA BUCKLAND MEREMERE TAUPIRI PORT WAIKATO MANGATAWHIRI WHATAWHATA TE KOWHAI RAGLAN TE KAUWHATA TAMAHERE NGARUAWAHIA TUAKAU POKENO HUNTLY

$1,385,000 $1,015,000 $1,165,000 $385,000 $860,000 $515,000 $1,105,000 $1,052,500 $1,050,000 $880,000 $665,000 $1,510,000 $565,000 $680,000 $860,000 $440,000

28% 22% 19% 12% 14% 20% 14% 19% 5% 21% 12% 14% 23% 15% 14% 17%

$300,000 $185,000 $182,500 $40,000 $105,000 $85,000 $135,000 $167,500 $50,000 $155,000 $72,500 $185,000 $105,000 $90,000 $105,000 $65,000

$2,060,000 $1,320,000 $1,450,000 $605,000 $1,950,000 $695,000 $2,000,000 $1,330,000 $1,600,000 $1,725,000 $1,110,000 $4,550,000 $3,200,000 $1,875,000 $1,650,000 $975,000

12.8% 12.8% 12.8% 12.8% 12.8% 12.8% 12.8% 12.8% 12.8% 14.2% 10.4% 12.8% 8.5% 9.7% 11.0% 16.9%

WAIPA

$775,000

19%

$125,000

$3,075,000

12.2%

TE MIRO NGAHINAPOURI RUKUHIA PIRONGIA OHAUPO KIHIKIHI CAMBRIDGE LEAMINGTON TE AWAMUTU

$1,060,000 $1,145,000 $1,195,000 $830,000 $965,000 $595,000 $905,000 $755,000 $620,000

19% 24% 21% 18% 12% 25% 15% 19% 22%

$170,000 $222,500 $210,000 $125,000 $100,000 $120,000 $120,000 $120,000 $110,000

$2,500,000 $1,195,000 $1,465,000 $1,430,000 $3,075,000 $1,100,000 $2,000,000 $1,660,000 $1,860,000

12.2% 12.2% 12.2% 12.2% 12.2% 4.2% 16.4% 9.8% 16.9%

WAITOMO

$330,000

20%

$55,000

$830,000

13.9%

PIOPIO MOKAU TE KUITI

$240,000 $300,000 $345,000

2% 13% 25%

$5,000 $35,000 $70,000

$393,000 $570,000 $830,000

13.9% 13.9% 13.9%

BAY OF PLENTY

$765,000

21%

$135,000

$4,000,000

16.4%

KAWERAU

$350,000

15%

$45,000

$680,000

16.4%

OPOTIKI

$435,000

30%

$100,000

$1,500,000

16.4%

TIROHANGA WAIOTAHE OPOTIKI

$757,500 $795,000 $380,000

30% 24% 52%

$175,000 $155,000 $130,000

$1,200,000 $1,500,000 $820,000

16.4% 16.4% 16.4%

ROTORUA

$600,000

25%

$120,000

$3,100,000

10.4%

LAKE ROTOMA OKERE FALLS

$495,000 $800,000

25% 28%

$100,000 $175,000

$900,000 $1,730,000

10.4% 10.4%

SUBURB

LATEST MEDIAN 12-MONTH PROPERTY % CHANGE VALUE

12-MONTH $ CHANGE

HIGHEST SETTLED SALE IN LAST 12 MONTHS

HOUSE PRICE INDEX % CHANGE POSTCOVID-19

TIKITERE SELWYN HEIGHTS MAMAKU ROTORUA FENTON PARK FORDLANDS KOUTU FAIRY SPRINGS HILLCREST VICTORIA UTUHINA KAWAHA POINT HAMURANA POMARE SUNNYBROOK SPRINGFIELD MANGAKAKAHI LYNMORE NGONGOTAHA WESTERN HEIGHTS GLENHOLME PUKEHANGI OWHATA

$1,140,000 $495,000 $357,500 $475,000 $525,000 $305,000 $455,000 $525,000 $605,000 $505,000 $590,000 $685,000 $1,060,000 $680,000 $620,000 $730,000 $487,500 $845,000 $580,000 $445,000 $622,500 $540,000 $590,000

11% 27% 0% 20% 27% 33% 30% 28% 29% 17% 33% 25% 25% 19% 27% 20% 27% 17% 29% 25% 14% 23% 27%

$115,000 $105,000 $357,500 $80,000 $110,000 $75,000 $105,000 $115,000 $135,000 $75,000 $145,000 $135,000 $210,000 $107,500 $130,000 $120,000 $102,500 $120,000 $130,000 $90,000 $77,500 $100,000 $125,000

$2,000,000 $600,000 $630,000 $850,000 $852,500 $390,000 $1,185,000 $680,000 $695,000 $900,000 $690,000 $1,850,000 $3,100,000 $1,180,000 $2,600,000 $1,015,000 $705,000 $1,050,000 $1,324,500 $770,000 $1,280,000 $870,000 $930,000

10.4% 10.4% 10.4% 10.4% 10.4% 18.2% 10.4% 10.4% 10.4% 10.4% 10.4% 10.4% 10.4% 10.4% 10.4% 8.4% 10.4% -0.8% 6.1% 11.5% 17.8% 14.6% 11.6%

TAURANGA

$850,000

24%

$165,000

$4,000,000

17.8%

POIKE TAURIKO PARKVALE HAIRINI PAPAMOA JUDEA MAUNGATAPU TAURANGA GREERTON OHAUITI BELLEVUE BROOKFIELD MATUA TAURANGA SOUTH GATE PA BETHLEHEM OTUMOETAI WELCOME BAY PYES PA MOUNT MAUNGANUI PAPAMOA BEACH

$605,000 $1,525,000 $605,000 $695,000 $792,500 $680,000 $787,500 $855,000 $665,000 $960,000 $705,000 $735,000 $935,000 $745,000 $640,000 $975,000 $870,000 $775,000 $940,000 $960,000 $905,000

27% 17% 27% 28% 13% 28% 24% 27% 23% 24% 28% 27% 25% 23% 27% 21% 23% 22% 25% 22% 26%

$130,000 $220,000 $130,000 $150,000 $92,500 $150,000 $152,500 $180,000 $125,000 $185,000 $155,000 $155,000 $185,000 $140,000 $135,000 $170,000 $160,000 $140,000 $190,000 $175,000 $185,000

$850,000 $2,400,000 $660,000 $825,000 $2,125,000 $1,210,000 $1,920,000 $2,275,000 $810,000 $1,580,000 $900,000 $1,525,000 $2,470,000 $1,600,000 $1,200,000 $2,720,000 $2,520,000 $1,950,000 $2,240,000 $4,000,000 $3,050,000

17.8% 17.8% 8.0% 19.3% 17.8% 15.4% 14.2% 2.6% 10.8% 5.4% 14.2% 8.2% 8.3% 2.4% 14.3% 15.9% 17.9% 12.6% 13.3% 12.8% 22.3%

WESTERN BAY OF PLENTY

$910,000

21%

$160,000

$3,100,000

12.6%

PONGAKAWA MAKETU TANNERS POINT PAENGAROA OROPI OMANAWA MINDEN TE PUNA ATHENREE PUKEHINA TAHAWAI WHAKAMARAMA AONGATETE WAIHI BEACH OMOKOROA KATIKATI TE PUKE

$760,000 $677,500 $955,000 $745,000 $1,210,000 $1,210,000 $1,400,000 $1,502,500 $830,000 $970,000 $995,000 $1,250,000 $1,025,000 $1,150,000 $900,000 $640,000 $655,000

13% 34% 21% 23% 15% 27% 27% 36% 19% 25% 8% 27% 19% 40% 16% 15% 25%

$90,000 $172,500 $165,000 $140,000 $160,000 $257,500 $295,000 $395,000 $135,000 $195,000 $75,000 $265,000 $165,000 $330,000 $125,000 $85,000 $130,000

$1,900,000 $1,100,000 $2,100,000 $1,180,000 $1,900,000 $1,900,000 $3,100,000 $3,000,000 $1,575,000 $1,570,000 $1,600,000 $1,920,000 $1,850,000 $3,050,000 $2,600,000 $1,275,000 $1,550,000

12.6% 12.6% 12.6% 12.6% 0.0% 12.6% 12.6% 0.0% 12.6% 19.9% 12.6% 16.7% 8.6% 18.4% 21.7% 6.0% 11.4%

WHAKATANE

$615,000

23%

$115,000

$3,650,000

11.4%

MURUPARA MATATA EDGECUMBE COASTLANDS OHOPE WHAKATANE

$130,000 $640,000 $425,000 $810,000 $930,000 $580,000

18% 33% 12% 19% 22% 29%

$20,000 $157,500 $45,000 $130,000 $165,000 $130,000

$190,000 $1,300,000 $670,000 $1,130,000 $3,650,000 $1,260,000

11.4% 11.4% 11.4% 11.4% 13.3% 14.0%

GISBORNE

$550,000

39%

$155,000

$2,150,000

35.0%

OKITU ELGIN LYTTON WEST RIVERDALE INNER KAITI GISBORNE OUTER KAITI KAITI WHATAUPOKO MANGAPAPA TE HAPARA

$972,500 $440,000 $880,000 $645,000 $620,000 $480,000 $375,000 $410,000 $715,000 $540,000 $490,000

16% 47% 34% 43% 39% 30% 47% 41% 38% 42% 38%

$137,500 $140,000 $222,500 $195,000 $175,000 $110,000 $120,000 $120,000 $195,000 $160,000 $135,000

$1,360,000 $485,000 $1,267,500 $1,430,000 $1,700,000 $1,100,000 $705,000 $950,000 $1,380,000 $895,000 $1,040,000

35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 43.1% 22.4% 34.8% 32.6%

OneRoof.co.nz

SUBURB

LATEST MEDIAN 12-MONTH PROPERTY % CHANGE VALUE

12-MONTH $ CHANGE

HIGHEST SETTLED SALE IN LAST 12 MONTHS

HOUSE PRICE INDEX % CHANGE POSTCOVID-19

$160,000

$3,400,000

19.1%

HAWKE’S BAY

$670,000

31%

CENTRAL HAWKE’S BAY

$480,000

25%

$95,000

$1,400,000

7.5%

PORANGAHAU OTANE WAIPAWA WAIPUKURAU

$350,000 $512,500 $487,500 $465,000

-3% 19% 35% 21%

-$10,000 $82,500 $127,500 $80,000

$1,170,000 $1,300,000 $1,400,000 $1,280,000

7.5% 7.5% 11.8% 0.9%

HASTINGS

$665,000

32%

$160,000

$3,400,000

21.1%

MARAEKAKAHO TE AWANGA HAUMOANA ESKDALE WAIMARAMA CLIVE CAMBERLEY SAINT LEONARDS FRIMLEY MAYFAIR PARKVALE HASTINGS MAHORA RAUREKA AKINA FLAXMERE HAVELOCK NORTH

$950,000 $800,000 $840,000 $980,000 $1,160,000 $720,000 $435,000 $615,000 $770,000 $595,000 $630,000 $545,000 $660,000 $620,000 $590,000 $445,000 $940,000

12% 26% 57% 21% 23% 24% 50% 35% 31% 37% 33% 30% 35% 38% 33% 37% 25%

$100,000 $165,000 $305,000 $170,000 $215,000 $140,000 $145,000 $160,000 $180,000 $160,000 $155,000 $125,000 $170,000 $170,000 $145,000 $120,000 $190,000

$1,100,000 $1,001,000 $3,000,000 $1,575,000 $3,200,000 $1,350,000 $933,000 $807,000 $1,400,000 $712,000 $988,000 $1,050,000 $911,000 $885,000 $900,000 $595,000 $2,790,000

21.1% 21.1% 21.1% 21.1% 21.1% 21.1% -1.9% 16.5% 11.7% 16.9% 9.8% 13.9% 19.9% 23.1% 18.2% 19.7% 23.8%

NAPIER

$705,000

29%

$160,000

$2,700,000

15.3%

WESTSHORE TE AWA AHURIRI AWATOTO MARAENUI BAY VIEW HOSPITAL HILL PORAITI BLUFF HILL PIRIMAI ONEKAWA MAREWA TAMATEA NAPIER SOUTH GREENMEADOWS TARADALE

$1,015,000 $835,000 $910,000 $860,000 $470,000 $942,500 $905,000 $1,017,500 $945,000 $655,000 $620,000 $555,000 $665,000 $655,000 $745,000 $755,000

39% 27% 26% 22% 52% 34% 27% 21% 26% 32% 36% 28% 36% 27% 25% 23%

$282,500 $180,000 $185,000 $155,000 $160,000 $240,000 $190,000 $177,500 $197,500 $160,000 $165,000 $120,000 $175,000 $140,000 $150,000 $140,000

$1,625,000 $970,000 $2,250,000 $1,200,000 $699,000 $2,700,000 $1,290,000 $1,800,000 $1,500,000 $740,000 $836,000 $785,000 $950,000 $1,120,000 $1,125,000 $1,620,000

15.3% 15.3% 15.3% 0.0% 29.4% 10.0% 21.8% 2.7% 6.8% 9.5% 20.5% 14.6% 12.0% 9.4% 14.8% 16.9%

WAIROA

$295,000

48%

$95,000

$1,000,000

19.1%

MAHIA WAIROA

$615,000 $270,000

21% 59%

$105,000 $100,000

$1,000,000 $536,000

19.1% 19.1%

MANAWATU-WHANGANUI

$525,000

35%

$135,000

$2,150,000

19.4%

HOROWHENUA

$500,000

35%

$130,000

$1,630,434

16.9%

TOKOMARU WAIKAWA BEACH KOPUTAROA OHAU MANAKAU WAITARERE BEACH SHANNON FOXTON FOXTON BEACH LEVIN

$560,000 $625,000 $837,500 $825,000 $750,000 $565,000 $425,000 $397,500 $490,000 $495,000

32% 37% 25% 25% 30% 41% 55% 33% 31% 34%

$135,000 $170,000 $167,500 $165,000 $172,500 $165,000 $150,000 $97,500 $115,000 $125,000

$971,000 $662,500 $950,000 $1,200,000 $1,630,434 $951,000 $985,000 $1,125,000 $1,350,000 $1,510,000

16.9% 16.9% 16.9% 16.9% 16.9% 16.9% 16.9% 16.7% 11.6% 17.1%

MANAWATU

$560,000

29%

$125,000

$1,375,000

15.6%

TANGIMOANA HALCOMBE POHANGINA SANSON HIMATANGI BEACH RONGOTEA FEILDING

$350,000 $865,000 $780,000 $497,500 $460,000 $570,000 $550,000

59% 68% 24% 36% 35% 33% 29%

$130,000 $350,000 $150,000 $132,500 $120,000 $140,000 $125,000

$451,750 $1,375,000 $1,190,000 $1,120,000 $735,000 $1,100,000 $1,270,000

15.6% 15.6% 15.6% 15.6% 15.6% 0.0% 19.5%

PALMERSTON NORTH

$625,000

36%

$165,000

$2,150,000

21.8%

WHAKARONGO AOKAUTERE CLOVERLEA WESTBROOK BUNNYTHORPE ASHHURST FITZHERBERT WEST END HIGHBURY TERRACE END TAKARO ROSLYN MILSON

$840,000 $890,000 $595,000 $510,000 $790,000 $575,000 $865,000 $600,000 $510,000 $620,000 $550,000 $535,000 $630,000

27% 11% 43% 36% 25% 24% 27% 40% 34% 35% 34% 39% 40%

$180,000 $90,000 $180,000 $135,000 $160,000 $110,000 $185,000 $172,500 $130,000 $160,000 $140,000 $150,000 $180,000

$740,000 $1,700,000 $850,000 $1,000,000 $1,350,000 $1,225,000 $1,820,000 $1,150,000 $757,000 $1,050,000 $811,575 $1,100,000 $820,000

21.8% 21.8% 2.1% 21.8% 21.8% 13.8% 11.0% 20.5% 17.6% 23.3% 16.4% 19.6% 23.6%

SUBURB

LATEST MEDIAN 12-MONTH PROPERTY % CHANGE VALUE 37% 28% 35% 32%

21

12-MONTH $ CHANGE

HIGHEST SETTLED SALE IN LAST 12 MONTHS

HOUSE PRICE INDEX % CHANGE POSTCOVID-19

$170,000 $165,000 $160,000 $180,000

$1,060,000 $2,150,000 $1,100,000 $2,080,000

18.1% 15.6% 22.7% 23.0%

PALMERSTON NORTH KELVIN GROVE AWAPUNI HOKOWHITU

$625,000 $745,000 $615,000 $745,000

RANGITIKEI

$380,000

33%

$95,000

$1,400,000

19.2%

HUNTERVILLE BULLS TAIHAPE MARTON

$210,000 $420,000 $260,000 $380,000

-16% 33% 27% 27%

-$40,000 $105,000 $55,000 $80,000

$950,000 $975,000 $595,000 $1,400,000

19.2% 19.2% 28.8% 16.3%

RUAPEHU

$310,000

27%

$65,000

$780,000

20.0%

RAETIHI OWHANGO RANGATAUA MANUNUI OHAKUNE TAUMARUNUI

$245,000 $495,000 $335,000 $255,000 $435,000 $260,000

23% 161% 10% 19% 19% 37%

$45,000 $305,000 $30,000 $40,000 $70,000 $70,000

$455,000 $575,000 $391,000 $725,000 $780,000 $560,000

20.0% 20.0% 20.0% 20.0% -0.5% 35.7%

TARARUA

$345,000

25%

$70,000

$850,000

23.4%

WOODVILLE PAHIATUA DANNEVIRKE

$310,000 $370,000 $340,000

17% 32% 24%

$45,000 $90,000 $65,000

$685,000 $838,000 $850,000

30.8% 21.3% 18.3%

WHANGANUI

$450,000

45%

$140,000

$1,300,000

17.4%

MARYBANK WESTMERE DURIE HILL COLLEGE ESTATE OTAMATEA SAINT JOHNS HILL TAWHERO SPRINGVALE ARAMOHO CASTLECLIFF WHANGANUI GONVILLE WHANGANUI EAST

$627,500 $845,000 $545,000 $550,000 $755,000 $610,000 $485,000 $515,000 $415,000 $345,000 $355,000 $395,000 $415,000

41% 27% 49% 43% 30% 37% 47% 37% 54% 47% 42% 49% 43%

$182,500 $180,000 $180,000 $165,000 $175,000 $165,000 $155,000 $140,000 $145,000 $110,000 $105,000 $130,000 $125,000

$705,000 $1,020,000 $630,000 $750,000 $1,146,000 $1,300,000 $710,000 $835,000 $780,000 $1,200,000 $730,000 $781,010 $675,000

17.4% 17.4% 0.0% 17.4% 14.2% 22.5% 8.2% 17.0% 16.1% 21.0% 6.3% 13.2% 14.5%

TARANAKI

$510,000

21%

$90,000

$2,560,000

11.3%

NEW PLYMOUTH

$570,000

23%

$105,000

$2,560,000

12.1%

OMATA HILLSBOROUGH FERNDALE OKATO URENUI BROOKLANDS LEPPERTON MARFELL LYNMOUTH OAKURA HURDON HURWORTH WAIWHAKAIHO BLAGDON UPPER VOGELTOWN LOWER VOGELTOWN MOTUROA WELBOURN HIGHLANDS PARK VOGELTOWN FITZROY STRANDON WHALERS GATE SPOTSWOOD FRANKLEIGH PARK INGLEWOOD MERRILANDS NEW PLYMOUTH WAITARA BELL BLOCK WESTOWN

$875,000 $950,000 $535,000 $455,000 $450,000 $545,000 $775,000 $365,000 $570,000 $905,000 $620,000 $882,500 $940,000 $475,000 $560,000 $557,500 $555,000 $585,000 $750,000 $520,000 $675,000 $690,000 $675,000 $440,000 $565,000 $475,000 $645,000 $655,000 $395,000 $570,000 $505,000

14% 19% 20% 23% -36% 27% 21% 18% 28% 16% 27% 15% 19% 22% 23% 25% 25% 27% 19% 24% 23% 22% 27% 17% 22% 19% 24% 24% 30% 23% 20%

$110,000 $150,000 $90,000 $85,000 -$250,000 $115,000 $135,000 $55,000 $125,000 $125,000 $132,500 $112,500 $152,500 $85,000 $105,000 $112,500 $110,000 $125,000 $120,000 $100,000 $125,000 $125,000 $145,000 $65,000 $100,000 $75,000 $125,000 $125,000 $90,000 $105,000 $85,000

$1,310,000 $1,250,000 $935,000 $680,000 $1,200,000 $1,380,000 $1,550,000 $585,000 $840,000 $1,675,000 $1,300,000 $1,000,000 $1,260,000 $543,500 $689,000 $900,000 $1,410,000 $1,106,000 $1,252,000 $710,000 $1,775,000 $1,900,000 $850,000 $575,000 $1,180,000 $910,000 $960,000 $2,560,000 $660,000 $1,225,000 $1,150,000

12.1% 12.1% 12.1% 12.1% 12.1% 12.1% 12.1% 12.1% 12.1% 12.1% 12.1% 12.1% 12.1% 12.1% 12.1% 2.3% 5.4% 12.1% 12.1% 8.6% 12.0% 19.9% 10.1% 0.7% 16.5% 14.4% 15.1% 14.1% 16.1% 12.9% 9.4%

SOUTH TARANAKI

$335,000

26%

$70,000

$1,060,000

8.4%

MANAIA PATEA WAVERLEY NORMANBY OPUNAKE ELTHAM HAWERA

$235,000 $215,000 $250,000 $280,000 $325,000 $285,000 $380,000

38% 59% 43% 8% 14% 27% 27%

$65,000 $80,000 $75,000 $20,000 $40,000 $60,000 $80,000

$619,000 $404,000 $410,000 $972,000 $655,000 $680,000 $1,060,000

8.4% 8.4% 8.4% 2.7% 12.0% 4.4% 13.7%

22

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SUBURB

LATEST MEDIAN 12-MONTH PROPERTY % CHANGE VALUE

12-MONTH $ CHANGE

HIGHEST SETTLED SALE IN LAST 12 MONTHS

HOUSE PRICE INDEX % CHANGE POSTCOVID-19

SUBURB

LATEST MEDIAN 12-MONTH PROPERTY % CHANGE VALUE

12-MONTH $ CHANGE

HIGHEST SETTLED SALE IN LAST 12 MONTHS

HOUSE PRICE INDEX % CHANGE POSTCOVID-19

ELDERSLEA TOTARA PARK TRENTHAM

$745,000 $715,000 $725,000

25% 30% 25%

$150,000 $165,000 $145,000

$925,000 $1,200,000 $1,370,000

19.3% 12.5% 18.6%

WELLINGTON

$1,025,000

27%

$215,000

$5,750,000

18.3%

17.4% 17.4% 17.4% 0.0% 17.4% 15.9% 0.5% 17.4% 18.9% 10.7% 17.4% 8.2% 13.0% 16.9% 17.4% 17.3% 25.2% 13.9% 18.3% 16.9% 11.6% 18.6% 24.4%

MORNINGTON PIPITEA VOGELTOWN MAUPUIA ROSENEATH MELROSE SOUTHGATE HOUGHTON BAY ORIENTAL BAY WOODRIDGE GRENADA VILLAGE STRATHMORE PARK CROFTON DOWNS WILTON ARO VALLEY SEATOUN KELBURN KILBIRNIE BERHAMPORE BROADMEADOWS WADESTOWN LYALL BAY NORTHLAND NEWTOWN PAPARANGI HATAITAI THORNDON MOUNT COOK MOUNT VICTORIA WELLINGTON CENTRAL BROOKLYN NGAIO CHURTON PARK ISLAND BAY NEWLANDS MIRAMAR KHANDALLAH JOHNSONVILLE TE ARO KARORI TAWA

$1,035,000 $725,000 $1,022,500 $985,000 $1,460,000 $1,135,000 $1,120,000 $1,110,000 $2,220,000 $990,000 $1,035,000 $1,030,000 $1,140,000 $1,080,000 $1,025,000 $1,715,000 $1,520,000 $980,000 $1,010,000 $937,500 $1,310,000 $1,070,000 $1,145,000 $1,115,000 $910,000 $1,260,000 $900,000 $812,500 $1,345,000 $395,000 $1,120,000 $1,140,000 $1,135,000 $1,200,000 $885,000 $1,070,000 $1,310,000 $860,000 $700,000 $1,110,000 $880,000

26% 16% 29% 25% 25% 27% 27% 26% 18% 29% 29% 30% 34% 31% 27% 23% 23% 26% 28% 26% 26% 27% 27% 29% 30% 22% 18% 23% 35% 13% 27% 32% 30% 30% 30% 26% 26% 25% 16% 30% 28%

$215,000 $100,000 $232,500 $200,000 $290,000 $240,000 $240,000 $230,000 $337,500 $220,000 $230,000 $235,000 $290,000 $255,000 $220,000 $325,000 $280,000 $200,000 $220,000 $192,500 $270,000 $225,000 $245,000 $250,000 $210,000 $230,000 $135,000 $152,500 $350,000 $45,000 $235,000 $275,000 $265,000 $280,000 $205,000 $220,000 $270,000 $170,000 $95,000 $255,000 $190,000

$1,115,000 $818,000 $1,408,180 $1,205,500 $2,812,400 $1,736,080 $2,209,333 $1,685,500 $4,310,000 $1,230,000 $1,404,040 $2,000,002 $1,607,000 $1,361,100 $1,400,000 $3,333,000 $3,685,000 $1,700,000 $1,210,000 $1,255,000 $2,200,000 $1,711,000 $3,150,000 $1,721,500 $1,421,000 $1,800,000 $2,300,000 $1,900,000 $2,750,000 $1,220,000 $2,489,000 $1,700,000 $1,660,000 $1,957,500 $2,180,000 $1,680,750 $5,750,000 $2,112,288 $1,670,000 $3,820,000 $2,355,000

18.3% 18.3% 18.3% 18.3% 18.3% 18.3% 18.3% 18.3% 18.3% 18.3% 18.3% 18.3% 18.3% 18.3% 18.3% 18.3% 18.3% 7.2% 18.3% 18.3% 26.5% 11.1% 18.3% 17.0% 12.7% 12.5% 18.7% 12.8% 9.5% 7.3% 18.4% 25.4% 15.3% 15.1% 18.9% 12.4% 21.1% 15.5% 7.9% 17.6% 16.4%

$1,660,000

14.2%

$1,550,000 $900,000 $1,175,000 $960,000 $1,300,000

14.2% 14.2% 10.9% 17.8% 11.7%

SOUTH ISLAND NELSON

$660,000

15%

$85,000

$3,000,000

10.8%

$190,000

$2,450,000

19.4%

$150,000 $250,000 $185,000 $160,000 $205,000 $225,000 $192,500 $150,000 $175,000 $255,000 $200,000 $210,000

$590,500 $865,000 $1,600,000 $1,460,000 $1,215,000 $1,040,000 $2,450,000 $650,000 $861,000 $1,530,000 $1,205,000 $1,840,000

19.4% 19.4% 19.4% 19.4% 19.4% 19.4% 19.4% 19.4% 19.4% 16.9% 19.7% 19.9%

BEACHVILLE MAITAI MARYBANK BRITANNIA HEIGHTS NELSON BISHOPDALE STEPNEYVILLE ANNESBROOK WAKATU THE BROOK MONACO ATAWHAI ENNER GLYNN WASHINGTON VALLEY TOI TOI THE WOOD

$705,000 $747,500 $805,000 $1,180,000 $932,500 $682,500 $970,000 $600,000 $600,000 $625,000 $650,000 $785,000 $745,000 $565,000 $510,000 $700,000

15% 13% 13% 13% 13% 16% 10% 15% 15% 15% 17% 15% 14% 15% 13% 12%

$92,500 $87,500 $95,000 $132,500 $110,000 $92,500 $90,000 $80,000 $80,000 $80,000 $95,000 $100,000 $90,000 $75,000 $60,000 $75,000

$897,200 $1,700,000 $1,430,000 $2,420,000 $1,600,000 $806,000 $3,000,000 $750,000 $985,000 $741,000 $906,000 $1,610,000 $1,980,000 $1,050,000 $760,000 $1,620,000

10.8% 10.8% 10.8% 10.8% 10.8% 10.8% 10.8% 10.8% 10.8% 10.8% 0.6% 8.4% 14.0% 11.1% 13.3% 11.6%

31%

$165,000

$2,100,000

16.6%

TAHUNANUI NELSON SOUTH STOKE

$580,000 $580,000 $650,000

15% 14% 15%

$75,000 $70,000 $85,000

$930,000 $1,900,000 $1,530,000

8.7% 11.3% 8.2%

36% 40% 28% 26%

$235,000 $230,000 $110,000 $165,000

$1,750,000 $1,840,000 $2,100,000 $1,970,000

16.6% 9.9% 14.2% 25.4%

MARLBOROUGH

$575,000

25%

$115,000

$3,000,000

19.9%

$760,000

27%

$160,000

$1,750,000

19.3%

$735,000 $640,000 $860,000 $690,000 $800,000 $810,000 $985,000 $730,000 $730,000 $695,000 $695,000 $905,000

29% 38% 31% 33% 27% 30% 27% 26% 30% 34% 25% 29%

$165,000 $175,000 $205,000 $170,000 $170,000 $185,000 $210,000 $150,000 $170,000 $175,000 $140,000 $205,000

$1,042,500 $1,300,000 $1,750,000 $720,000 $902,000 $1,050,000 $1,160,000 $875,000 $1,015,000 $1,252,000 $1,170,000 $1,253,750

19.3% 19.3% 0.8% 19.3% 19.3% 19.3% 4.4% 21.9% 19.3% 18.6% 20.5% 11.8%

WAIRAU VALLEY RIVERLANDS SEDDON HAVELOCK ISLINGTON BURLEIGH MAYFIELD RIVERSDALE WAIKAWA RENWICK PICTON WITHERLEA SPRINGLANDS REDWOODTOWN BLENHEIM

$780,000 $975,000 $360,000 $650,000 $510,000 $795,000 $490,000 $485,000 $680,000 $535,000 $495,000 $650,000 $690,000 $535,000 $525,000

8% 5% 7% 57% 31% 16% 32% 33% 14% 18% 24% 30% 30% 27% 27%

$60,000 $50,000 $25,000 $235,000 $120,000 $107,500 $120,000 $120,000 $85,000 $80,000 $95,000 $150,000 $160,000 $115,000 $110,000

$2,000,000 $2,180,000 $470,000 $1,150,000 $668,000 $800,000 $821,000 $703,000 $2,555,000 $1,420,000 $1,040,000 $1,170,000 $1,650,000 $725,000 $858,500

19.9% 19.9% 19.9% 19.9% 19.9% 19.9% 21.1% 19.9% 13.1% 14.9% 18.8% 17.0% 11.6% 20.0% 14.6%

STRATFORD

$385,000

20%

$65,000

$1,200,000

11.1%

MIDHIRST STRATFORD

$460,000 $370,000

21% 21%

$80,000 $65,000

$710,000 $900,000

11.1% 11.6%

WELLINGTON

$855,000

28%

$185,000

$5,750,000

18.9%

CARTERTON

$505,000

22%

$90,000

$1,090,000

18.3%

KAPITI COAST

$790,000

28%

$175,000

$4,150,001

18.2%

OTAIHANGA TE HORO BEACH PAEKAKARIKI TE HORO OTAKI BEACH RAUMATI SOUTH WAIKANAE BEACH RAUMATI BEACH OTAKI PARAPARAUMU WAIKANAE PARAPARAUMU BEACH

$865,000 $705,000 $785,000 $1,192,500 $575,000 $825,000 $880,000 $825,000 $575,000 $735,000 $810,000 $805,000

24% 31% 40% 22% 26% 29% 29% 30% 24% 28% 31% 29%

$165,000 $165,000 $225,000 $217,500 $120,000 $185,000 $200,000 $190,000 $110,000 $162,500 $190,000 $180,000

$1,850,000 $750,000 $1,367,000 $2,050,000 $815,000 $1,570,000 $1,615,000 $2,200,000 $1,225,000 $3,200,000 $4,150,001 $2,300,000

18.2% 18.2% 18.2% 18.2% 26.4% 28.4% 18.8% 15.0% 17.2% 21.8% 12.4% 23.6%

LOWER HUTT

$800,000

33%

$200,000

$3,409,000

17.4%

HARBOUR VIEW KOROKORO TIROHANGA ALICETOWN MOERA FAIRFIELD NORMANDALE EPUNI BOULCOTT WOBURN BELMONT KELSON WAIWHETU EASTBOURNE HUTT CENTRAL WATERLOO AVALON MAUNGARAKI TAITA NAENAE PETONE STOKES VALLEY WAINUIOMATA

$935,000 $1,015,000 $1,000,000 $970,000 $760,000 $890,000 $905,000 $900,000 $935,000 $1,180,000 $910,000 $840,000 $850,000 $1,145,000 $1,075,000 $915,000 $805,000 $905,000 $660,000 $690,000 $960,000 $695,000 $645,000

28% 29% 31% 39% 33% 35% 29% 35% 34% 29% 29% 28% 36% 29% 29% 31% 32% 27% 32% 38% 30% 40% 37%

$205,000 $230,000 $237,500 $270,000 $190,000 $230,000 $205,000 $235,000 $235,000 $265,000 $205,000 $185,000 $225,000 $255,000 $240,000 $215,000 $195,000 $190,000 $160,000 $190,000 $220,000 $200,000 $175,000

$895,000 $1,441,000 $1,525,000 $1,152,000 $820,000 $1,260,000 $1,525,000 $1,315,000 $1,610,000 $1,700,000 $1,740,000 $975,000 $1,200,000 $2,300,000 $1,900,000 $1,335,000 $1,150,000 $1,411,974 $855,000 $1,175,000 $2,455,000 $1,120,000 $950,000

MASTERTON

$525,000

28%

$115,000

UPPER PLAIN KURIPUNI LANSDOWNE SOLWAY MASTERTON

$1,027,500 $470,000 $535,000 $500,000 $485,000

32% 29% 24% 28% 33%

$247,500 $105,000 $105,000 $110,000 $120,000

PORIRUA

$825,000

30%

WAITANGIRUA ASCOT PARK CAMBORNE PUKERUA BAY PLIMMERTON PAPAKOWHAI PAREMATA CANNONS CREEK RANUI AOTEA TITAHI BAY WHITBY

$565,000 $750,000 $935,000 $840,000 $1,015,000 $960,000 $947,500 $575,000 $640,000 $1,190,000 $760,000 $960,000

36% 50% 25% 24% 25% 31% 25% 35% 38% 27% 36% 28%

SOUTH WAIRARAPA

$705,000

TAUHERENIKAU MARTINBOROUGH FEATHERSTON GREYTOWN

$890,000 $810,000 $510,000 $790,000

UPPER HUTT TE MARUA TIMBERLEA HERETAUNGA MAORIBANK BROWN OWL PINEHAVEN RIVERSTONE TERRACES EBDENTOWN WALLACEVILLE BIRCHVILLE CLOUSTON PARK SILVERSTREAM

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SUBURB

LATEST MEDIAN 12-MONTH PROPERTY % CHANGE VALUE

12-MONTH $ CHANGE

HIGHEST SETTLED SALE IN LAST 12 MONTHS

HOUSE PRICE INDEX % CHANGE POSTCOVID-19

TASMAN

$730,000

16%

$100,000

$3,580,000

12.6%

MURCHISON TAPAWERA RIWAKA POHARA TASMAN RUBY BAY TAKAKA REDWOOD VALLEY HOPE UPPER MOUTERE MAPUA BRIGHTWATER WAKEFIELD MOTUEKA RICHMOND

$320,000 $472,500 $645,000 $725,000 $1,145,000 $1,080,000 $525,000 $1,225,000 $1,015,000 $1,060,000 $880,000 $725,000 $730,000 $620,000 $735,000

31% 17% 16% 23% 17% 17% 19% 14% 22% 12% 19% 9% 15% 17% 16%

$75,000 $67,500 $90,000 $135,000 $165,000 $155,000 $82,500 $155,000 $182,500 $110,000 $140,000 $60,000 $97,500 $90,000 $100,000

$450,000 $1,345,000 $1,125,000 $1,005,000 $2,035,000 $1,960,000 $950,000 $3,580,000 $2,200,000 $2,500,000 $1,476,000 $1,325,000 $1,435,000 $1,550,000 $2,100,000

12.6% 12.6% 12.6% 12.6% 12.6% 12.6% 12.6% 12.6% 12.6% 12.6% 12.6% 7.9% 15.6% 15.7% 15.1%

WEST COAST

$255,000

11%

$25,000

$880,000

6.4%

BULLER

$245,000

17%

$35,000

$800,000

11.8%

CARTERS BEACH KARAMEA REEFTON WESTPORT

$320,000 $275,000 $215,000 $247,500

8% 10% 16% 18%

$22,500 $25,000 $30,000 $37,500

$740,000 $510,000 $360,000 $800,000

11.8% 11.8% 9.8% 13.8%

GREY

$240,000

12%

$25,000

$760,000

6.2%

MOANA RUNANGA PAROA BLAKETOWN KARORO COBDEN GREYMOUTH

$465,000 $150,000 $392,500 $185,000 $350,000 $170,000 $265,000

6% 7% 1% 16% 15% 17% 13%

$25,000 $10,000 $5,000 $25,000 $45,000 $25,000 $30,000

$760,000 $430,000 $570,000 $364,600 $600,000 $375,000 $549,000

6.2% 6.2% 6.2% 6.2% 6.2% 6.2% 7.8%

SUBURB

12-MONTH $ CHANGE

HIGHEST SETTLED SALE IN LAST 12 MONTHS

HOUSE PRICE INDEX % CHANGE POSTCOVID-19

18% 26% 20% 16% 19% 14% 21% 16% 15% 19% 18% 13% 14% 20% 18% 11% 17% 19% 12% 23% 22% 18% 20% 18% 19% 19% 18% 19% 19% 13% 22% 18% 18% 19% 17% 14% 17%

$55,000 $75,000 $80,000 $70,000 $70,000 $100,000 $90,000 $80,000 $55,000 $130,000 $85,000 $85,000 $85,000 $90,000 $65,000 $75,000 $140,000 $90,000 $65,000 $95,000 $90,000 $75,000 $85,000 $80,000 $115,000 $80,000 $70,000 $80,000 $65,000 $70,000 $70,000 $85,000 $65,000 $65,000 $90,000 $60,000 $90,000

$460,000 $1,160,000 $825,000 $755,000 $690,000 $1,950,000 $1,435,000 $2,850,000 $750,000 $1,600,000 $1,680,000 $2,450,000 $930,000 $1,870,000 $655,000 $1,660,000 $4,600,000 $870,000 $3,620,000 $997,862 $835,000 $1,220,000 $1,850,000 $952,500 $2,905,000 $700,000 $845,000 $795,000 $700,000 $1,250,000 $728,000 $1,670,000 $1,235,000 $750,000 $2,210,000 $1,940,000 $2,350,000

25.0% 17.7% 14.8% 16.9% 12.5% 23.2% 7.9% 13.4% 15.0% 23.8% 5.3% 2.5% 8.5% 19.0% 13.2% 13.4% 13.6% 23.8% 9.0% 17.6% 8.7% 8.9% 11.8% 16.8% 11.7% 11.1% 10.2% 7.5% 18.5% 22.1% 17.3% 16.0% 10.4% 13.3% 8.1% 26.3% 11.2%

LATEST MEDIAN 12-MONTH PROPERTY % CHANGE VALUE

ARANUI PHILLIPSTOWN SHIRLEY SOCKBURN EDGEWARE MOUNTPLEASANT BELFAST CASEBROOK RICHMOND CASHMERE BRYNDWR NORTHWOOD WIGRAM PAPANUI ADDINGTON MARSHLAND MERIVALE SOMERFIELD BURNSIDE MAIREHAU BURWOOD HOON HAY RICCARTON BISHOPDALE ILAM SPREYDON HORNBY REDWOOD NEW BRIGHTON AVONHEAD LINWOOD PARKLANDS SYDENHAM WOOLSTON ST ALBANS CHRISTCHURCH CENTRAL HALSWELL

$355,000 $365,000 $480,000 $500,000 $430,000 $790,000 $515,000 $565,000 $430,000 $815,000 $560,000 $740,000 $695,000 $550,000 $425,000 $740,000 $970,000 $565,000 $605,000 $505,000 $500,000 $500,000 $520,000 $530,000 $735,000 $505,000 $470,000 $510,000 $405,000 $620,000 $390,000 $555,000 $435,000 $415,000 $605,000 $475,000 $625,000

WESTLAND

$305,000

11%

$30,000

$880,000

6.4%

HOKITIKA

$290,000

14%

$35,000

$740,000

6.4%

CANTERBURY

$535,000

18%

$80,000

$4,600,000

13.7%

HURUNUI

$475,000

9%

$40,000

$1,397,000

6.5%

CHEVIOT LEITHFIELD HANMER SPRINGS AMBERLEY

$280,000 $440,000 $580,000 $500,000

22% 17% 16% 11%

$50,000 $65,000 $80,000 $50,000

$730,000 $1,065,000 $1,397,000 $1,055,000

6.5% 6.5% 6.8% 8.0%

KAIKOURA

$560,000

20%

$95,000

$1,200,000

13.7%

KAIKOURA FLAT KAIKOURA

$645,000 $510,000

12% 16%

$70,000 $70,000

$976,000 $800,000

13.7% 13.7%

MACKENZIE

$560,000

10%

$50,000

$1,850,000

13.7%

LAKE TEKAPO FAIRLIE TWIZEL

$1,005,000 $382,500 $550,000

18% 8% 11%

$155,000 $27,500 $55,000

$1,500,000 $1,850,000 $1,025,000

13.7% 13.7% 13.7%

ASHBURTON

$405,000

13%

$45,000

$1,465,500

7.6%

ELGIN HUNTINGDON RAKAIA METHVEN NETHERBY HAMPSTEAD ASHBURTON TINWALD ALLENTON

$755,000 $782,500 $380,000 $485,000 $365,000 $345,000 $380,000 $400,000 $425,000

11% 9% 13% 17% 16% 21% 15% 16% 12%

$77,500 $65,000 $45,000 $70,000 $50,000 $60,000 $50,000 $55,000 $45,000

$910,000 $836,000 $550,000 $718,000 $600,000 $529,000 $900,000 $1,125,000 $1,320,000

7.6% 7.6% 7.6% 4.6% 11.6% 3.7% 8.5% 6.4% 9.1%

CHRISTCHURCH

$535,000

19%

$85,000

$4,600,000

16.9%

AVONSIDE CLIFTON HEATHCOTE VALLEY ISLINGTON WESTMORLAND WAIMAIRI BEACH DIAMOND HARBOUR OPAWA BECKENHAM SOUTHSHORE YALDHURST NORTHCOTE AKAROA HAREWOOD WAINONI HUNTSBURY SUMNER LYTTELTON REDCLIFFS SOUTH NEW BRIGHTON TEMPLETON AIDANFIELD DALLINGTON HEI HEI RUSSLEY BROOMFIELD HILLMORTON BROMLEY STROWAN SAINT MARTINS HILLSBOROUGH FENDALTON AVONDALE WALTHAM UPPER RICCARTON NORTH NEW BRIGHTON

$430,000 $905,000 $585,000 $445,000 $850,000 $745,000 $530,000 $615,000 $640,000 $515,000 $620,000 $460,000 $655,000 $715,000 $390,000 $835,000 $805,000 $535,000 $830,000 $455,000 $525,000 $745,000 $465,000 $450,000 $565,000 $530,000 $550,000 $400,000 $850,000 $565,000 $575,000 $1,195,000 $415,000 $400,000 $535,000 $420,000

23% 23% 17% 16% 13% 16% 9% 18% 15% 20% 9% 23% 2% 9% 20% 18% 19% 8% 19% 23% 17% 14% 19% 15% 16% 18% 22% 19% 11% 19% 17% 19% 15% 19% 16% 17%

$80,000 $170,000 $85,000 $60,000 $100,000 $100,000 $45,000 $95,000 $85,000 $85,000 $50,000 $85,000 $10,000 $60,000 $65,000 $125,000 $130,000 $40,000 $135,000 $85,000 $75,000 $90,000 $75,000 $60,000 $80,000 $80,000 $100,000 $65,000 $85,000 $90,000 $85,000 $190,000 $55,000 $65,000 $75,000 $60,000

$538,000 $1,150,000 $777,000 $485,000 $1,290,000 $1,250,000 $1,300,000 $985,000 $793,000 $1,035,000 $950,000 $855,000 $1,545,000 $1,400,000 $435,000 $1,300,000 $1,485,000 $1,325,000 $1,400,000 $767,500 $1,600,000 $1,150,000 $560,000 $630,000 $785,000 $805,000 $838,000 $490,000 $1,800,000 $803,000 $925,000 $3,100,000 $540,000 $523,000 $1,380,000 $630,000

16.9% 16.9% 16.9% 16.9% 16.9% 16.9% 16.9% 16.9% 16.9% 16.9% 16.9% 16.9% 28.4% 9.5% 16.9% 16.9% 22.5% 6.6% 5.8% 16.9% 5.6% 15.9% 16.9% 11.5% 3.8% 9.8% 16.9% 12.3% 16.9% 16.0% 8.8% 31.7% 9.7% 14.4% 6.0% 13.8%

23

SELWYN

$655,000

9%

$55,000

$3,325,000

6.5%

HORORATA DUNSANDEL SPRINGSTON TAI TAPU SOUTHBRIDGE KIRWEE LEESTON WEST MELTON DARFIELD PREBBLETON LINCOLN ROLLESTON

$455,000 $555,000 $732,500 $885,000 $430,000 $685,000 $510,000 $925,000 $560,000 $835,000 $705,000 $605,000

-17% -13% 24% 21% 9% 10% 7% 8% 8% 11% 11% 8%

-$90,000 -$85,000 $142,500 $155,000 $35,000 $60,000 $35,000 $65,000 $40,000 $80,000 $70,000 $45,000

$1,170,000 $870,000 $1,300,000 $2,550,000 $780,000 $1,100,000 $1,210,000 $1,950,000 $1,200,465 $2,000,000 $3,325,000 $1,500,000

6.5% 6.5% 6.5% 6.5% 6.5% 6.5% 1.4% 3.2% 2.4% 6.6% 6.3% 5.8%

TIMARU

$415,000

12%

$45,000

$2,050,000

8.0%

GERALDINE DOWNS PAREORA PEEL FOREST MAORI HILL KENSINGTON WAIMATAITAI PLEASANT POINT GLENWOOD WATLINGTON PARKSIDE WEST END GLENITI SEAVIEW GERALDINE HIGHFIELD MARCHWIEL TEMUKA

$720,000 $290,000 $327,500 $460,000 $345,000 $390,000 $415,000 $465,000 $365,000 $370,000 $380,000 $600,000 $360,000 $415,000 $490,000 $385,000 $370,000

-6% 18% -27% 15% 11% 15% 5% 19% 14% 17% 13% 17% 14% 6% 20% 12% 16%

-$45,000 $45,000 -$120,000 $60,000 $35,000 $50,000 $20,000 $75,000 $45,000 $55,000 $45,000 $85,000 $45,000 $25,000 $80,000 $40,000 $50,000

$1,220,000 $595,000 $667,500 $640,000 $713,000 $1,000,000 $940,000 $665,000 $650,000 $570,000 $765,000 $990,000 $705,000 $1,026,000 $1,250,000 $989,000 $740,000

8.0% 8.0% 8.0% 8.0% 3.2% 13.4% 0.6% 8.0% 4.4% 8.0% 8.5% 7.2% 1.4% 11.0% 17.8% 1.4% 14.1%

24

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SUBURB

LATEST MEDIAN 12-MONTH PROPERTY % CHANGE VALUE

12-MONTH $ CHANGE

HIGHEST SETTLED SALE IN LAST 12 MONTHS

HOUSE PRICE INDEX % CHANGE POSTCOVID-19

WAIMAKARIRI

$565,000

13%

$65,000

$3,125,000

9.0%

STARVATION HILL CLARKVILLE WAIKUKU ASHLEY WAIKUKU BEACH WEST EYRETON FERNSIDE CUST EYREWELL FOREST SEFTON LOBURN OHOKA SWANNANOA OXFORD WOODEND PEGASUS KAIAPOI RANGIORA

$805,000 $1,065,000 $785,000 $720,000 $465,000 $822,500 $902,500 $802,500 $762,500 $720,000 $795,000 $985,000 $890,000 $490,000 $545,000 $570,000 $515,000 $515,000

20% 10% 9% 10% 15% 15% 14% 13% 21% 9% 8% 9% 11% 14% 18% 14% 13% 13%

$135,000 $95,000 $65,000 $62,500 $60,000 $107,500 $112,500 $92,500 $132,500 $60,000 $60,000 $82,500 $85,000 $60,000 $85,000 $70,000 $60,000 $60,000

$875,000 $1,957,500 $1,200,000 $950,000 $901,000 $1,550,000 $1,350,000 $1,039,000 $950,000 $3,125,000 $1,300,000 $2,560,000 $1,650,000 $875,000 $960,000 $1,310,000 $1,150,000 $1,650,000

9.0% 9.0% 9.0% 9.0% 9.0% 9.0% 9.0% 9.0% 9.0% 9.0% 9.0% 9.0% 9.0% 5.4% 6.6% 9.8% 11.1% 9.7%

WAIMATE

$340,000

17%

$50,000

$885,000

13.7%

GLENAVY WAIMATE

$267,500 $340,000

19% 19%

$42,500 $55,000

$325,000 $885,000

13.7% 13.7%

OTAGO

$630,000

16%

$85,000

$10,500,000

6.0%

CENTRAL OTAGO

$635,000

9%

$55,000

$2,350,000

-1.5%

NASEBY SPRINGVALE BRIDGE HILL ROXBURGH MOUNT PISA RANFURLY CLYDE ALEXANDRA CROMWELL

$345,000 $980,000 $645,000 $360,000 $925,000 $315,000 $650,000 $555,000 $680,000

17% 17% 11% 24% 9% 34% 12% 16% 5%

$50,000 $140,000 $65,000 $70,000 $80,000 $80,000 $70,000 $75,000 $30,000

$525,000 $1,600,000 $1,399,000 $535,000 $1,860,000 $520,000 $1,214,000 $1,176,000 $2,350,000

-1.5% -1.5% -1.5% -1.5% -1.5% -0.3% -1.5% -3.5% -1.0%

CLUTHA

$330,000

25%

$65,000

$910,000

9.0%

KAITANGATA LAWRENCE TAPANUI MILTON BALCLUTHA

$220,000 $315,000 $245,000 $320,000 $345,000

26% 26% 11% 33% 23%

$45,000 $65,000 $25,000 $80,000 $65,000

$360,000 $490,000 $440,000 $910,000 $650,000

9.0% 9.0% 9.0% 15.3% 9.3%

DUNEDIN

$600,000

25%

$120,000

$2,450,000

9.5%

BRADFORD DALMORE KEW EAST TAIERI CLYDE HILL GLENLEITH HELENSBURGH GLENROSS KINMONT PARK VAUXHALL LIBERTON SHIEL HILL BRIGHTON KARITANE WALDRONVILLE SAWYERS BAY NORMANBY FORBURY PORT CHALMERS BALACLAVA MARYHILL KAIKORAI OPOHO OUTRAM RAVENSBOURNE CONCORD CORSTORPHINE ABBOTSFORD BROCKVILLE BELLEKNOWES CALTON HILL KENMURE MAORI HILL TAINUI WAVERLEY WAIKOUAITI HALFWAY BUSH ROSLYN MUSSELBURGH WAKARI FAIRFIELD SAINT CLAIR

$535,000 $555,000 $645,000 $885,000 $492,500 $735,000 $670,000 $660,000 $655,000 $870,000 $500,000 $720,000 $660,000 $470,000 $650,000 $540,000 $505,000 $460,000 $515,000 $625,000 $610,000 $570,000 $680,000 $675,000 $510,000 $565,000 $510,000 $587,500 $470,000 $755,000 $485,000 $600,000 $910,000 $600,000 $745,000 $405,000 $555,000 $825,000 $635,000 $595,000 $700,000 $765,000

20% 25% 24% 21% 31% 25% 25% 22% 21% 22% 25% 19% 22% 13% 18% 26% 23% 24% 23% 26% 22% 28% 27% 21% 21% 23% 26% 25% 18% 22% 31% 22% 21% 22% 21% 23% 22% 26% 25% 28% 23% 23%

$90,000 $110,000 $125,000 $155,000 $117,500 $145,000 $135,000 $120,000 $115,000 $155,000 $100,000 $115,000 $120,000 $55,000 $100,000 $110,000 $95,000 $90,000 $95,000 $130,000 $110,000 $125,000 $145,000 $115,000 $90,000 $105,000 $105,000 $117,500 $70,000 $135,000 $115,000 $110,000 $155,000 $110,000 $130,000 $75,000 $100,000 $170,000 $125,000 $130,000 $130,000 $145,000

$1,025,000 $657,000 $784,000 $1,180,000 $570,000 $980,000 $745,000 $1,110,000 $1,100,000 $1,451,000 $2,450,000 $963,369 $960,000 $758,000 $1,450,000 $991,000 $948,000 $589,000 $780,000 $725,000 $1,000,000 $895,000 $966,500 $1,300,000 $692,000 $680,000 $980,000 $883,000 $695,000 $1,123,000 $590,000 $1,002,250 $2,400,000 $1,060,000 $1,260,000 $710,000 $1,110,000 $2,000,000 $850,000 $825,000 $1,210,000 $1,460,000

9.5% 9.5% 9.5% 9.5% 9.5% 9.5% 9.5% 9.5% 9.5% 9.5% 9.5% 9.5% 9.5% 9.5% 9.5% 9.5% 9.5% 9.5% 9.5% 9.5% 9.5% -0.5% 9.5% 9.5% 9.5% 9.5% 9.5% 9.5% 9.5% 9.5% 1.1% 9.5% 16.0% 9.5% 9.5% 9.5% 9.5% 10.3% 9.5% 12.1% 12.1% 1.2%

SUBURB NORTH DUNEDIN MORNINGTON ANDERSONS BAY DUNEDIN CENTRAL GREEN ISLAND CAVERSHAM NORTH EAST VALLEY SOUTH DUNEDIN SAINT KILDA MOSGIEL

12-MONTH $ CHANGE

HIGHEST SETTLED SALE IN LAST 12 MONTHS

HOUSE PRICE INDEX % CHANGE POSTCOVID-19

21% 20% 23% 27% 24% 25% 30% 24% 25% 25%

$125,000 $95,000 $125,000 $140,000 $110,000 $90,000 $125,000 $80,000 $100,000 $125,000

$1,365,000 $1,215,000 $903,000 $1,130,000 $950,000 $770,000 $920,000 $598,400 $720,000 $1,500,000

-0.5% 10.6% 11.9% 14.3% 7.0% 13.4% 13.1% 15.0% 10.5% 10.2%

LATEST MEDIAN 12-MONTH PROPERTY % CHANGE VALUE $725,000 $565,000 $670,000 $660,000 $560,000 $445,000 $540,000 $415,000 $500,000 $630,000

QUEENSTOWN-LAKES

$1,100,000

8%

$80,000

$10,500,000

3.4%

LUGGATE KELVIN HEIGHTS KINGSTON ARTHURS POINT FERNHILL FRANKTON LAKE HAWEA ALBERT TOWN LAKE HAYES ARROWTOWN QUEENSTOWN LOWER SHOTOVER JACKS POINT WANAKA

$702,500 $1,745,000 $570,000 $1,130,000 $875,000 $1,005,000 $790,000 $845,000 $1,092,500 $1,290,000 $1,080,000 $1,065,000 $1,340,000 $1,190,000

13% 4% -1% 6% 1% 5% 14% 8% 9% 13% 4% 2% 3% 17%

$82,500 $75,000 -$5,000 $60,000 $10,000 $50,000 $95,000 $60,000 $87,500 $145,000 $40,000 $20,000 $40,000 $170,000

$850,000 $3,200,000 $747,300 $1,800,000 $1,860,000 $2,365,000 $1,835,000 $2,080,000 $7,772,500 $10,500,000 $3,350,000 $5,391,304 $2,700,000 $4,200,000

3.4% 3.4% 3.4% 3.4% 3.4% 3.4% -6.3% 3.4% 2.6% 4.1% 2.0% 3.4% -0.9% 11.2%

WAITAKI

$390,000

13%

$45,000

$1,600,000

10.2%

HAMPDEN OTEMATATA KUROW KAKANUI WESTON HOLMES HILL PALMERSTON SOUTH HILL OAMARU OAMARU NORTH

$285,000 $430,000 $340,000 $470,000 $485,000 $435,000 $330,000 $410,000 $350,000 $360,000

14% 13% 11% 27% 14% 18% 29% 17% 17% 16%

$35,000 $50,000 $35,000 $100,000 $60,000 $65,000 $75,000 $60,000 $50,000 $50,000

$510,000 $565,000 $485,000 $1,600,000 $1,050,000 $1,050,000 $511,050 $895,000 $550,000 $970,000

10.2% 10.2% 10.2% 10.2% 10.2% 12.0% -9.6% 5.8% 14.0% 10.0%

SOUTHLAND

$395,000

23%

$75,000

$1,550,000

9.8%

GORE EAST GORE MATAURA GORE

$315,000 $275,000 $175,000 $355,000

24% 31% 9% 22%

$60,000 $65,000 $15,000 $65,000

$925,000 $570,000 $750,000 $925,000

10.6% 10.6% 3.1% 13.0%

INVERCARGILL

$395,000

23%

$75,000

$1,300,000

9.9%

INVERCARGILL WEST PLAINS KEW TURNBULL THOMSON PARK CLIFTON ROCKDALE ROSEDALE AVENAL HARGEST BLUFF HAWTHORNDALE WAVERLEY NEWFIELD HEIDELBERG KINGSWELL OTATARA GEORGETOWN GLADSTONE RICHMOND WAIKIWI WINDSOR GRASMERE APPLEBY GLENGARRY STRATHERN

$385,000 $760,000 $290,000 $337,500 $290,000 $345,000 $575,000 $410,000 $455,000 $240,000 $425,000 $475,000 $385,000 $335,000 $330,000 $560,000 $320,000 $545,000 $415,000 $470,000 $490,000 $400,000 $295,000 $365,000 $330,000

18% 35% 29% 32% 26% 25% 16% 22% 23% 26% 23% 17% 26% 29% 27% 29% 28% 16% 26% 19% 21% 27% 37% 24% 29%

$57,500 $195,000 $65,000 $82,500 $60,000 $70,000 $80,000 $75,000 $85,000 $50,000 $80,000 $70,000 $80,000 $75,000 $70,000 $125,000 $70,000 $75,000 $85,000 $75,000 $85,000 $85,000 $80,000 $70,000 $75,000

$590,000 $765,000 $325,000 $410,000 $398,000 $825,000 $800,000 $630,000 $779,000 $619,000 $515,000 $685,000 $475,500 $450,000 $450,000 $950,000 $515,000 $930,000 $710,000 $1,300,000 $850,257 $550,000 $429,000 $650,000 $528,000

9.9% 9.9% 9.9% 9.9% 9.9% 9.9% 9.9% 9.9% 9.9% 9.9% 12.3% 9.9% 12.3% 13.0% 5.5% 9.9% 5.3% 11.5% 2.7% 10.5% 6.6% 14.5% 20.2% 5.7% 5.3%

SOUTHLAND

$460,000

16%

$65,000

$1,550,000

1.9%

EDENDALE MAKAREWA LUMSDEN OTAUTAU WALLACETOWN RIVERTON TE ANAU WINTON

$322,500 $660,000 $290,000 $270,000 $380,000 $480,000 $525,000 $445,000

0% 24% 45% 26% 1% 20% 6% 27%

$322,500 $127,500 $90,000 $55,000 $5,000 $80,000 $30,000 $95,000

$595,770 $930,000 $475,000 $442,000 $900,000 $1,025,000 $1,175,000 $1,050,000

1.9% 1.9% 1.9% 1.9% 1.9% 1.9% -6.7% 1.9%

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ONEHUNGA, ONE TREE HILL AND SURROUNDING SUBURBS

Feature properties available for sale

Onehunga 4/46 Forbes Street

Onehunga 23 Moana Avenue

Onehunga 2/5 Huapai Street

Royal Oak 6/42 Turama Street

Epsom 20A Greenfield Road

Epsom 17A Buckley Road

bayleys.co.nz/1710271

bayleys.co.nz/1710269

bayleys.co.nz/1710273

bayleys.co.nz/1710278

Local experts in the greater Onehunga, One Tree Hill and surrounding suburbs. Please contact us for our specialist market knowledge or if you would like further information about any of these properties available.

bayleys.co.nz/1710262

bayleys.co.nz/1710268

One Tree Hill

09 624 3900 onetreehill@bayleys.co.nz 778 Manukau Road, Auckland BAYLEYS REAL ESTATE, ONE TREE HILL, LICENSED UNDER THE REA ACT 2008

Residential / Commercial / Rural / P rope rty Serv ices

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OneRoof.co.nz

SPOTLIGHT ON ONEHUNGA

THE ONE TO WATCH

Onehunga’s mix of people and housing types has created a vibrant cultural mix,writes CATHERINE SMITH

O

nehunga has a rich heritage, starting with its strategic location between the historic portages of the major Tāmaki Makaurau waterways and was once the city’s access point, via Waiuku, to the Waikato.

Its Manukau edge was sadly all but destroyed by the working port, industrial hub and Māngere’s infamous sewage ponds, but the once unloved industrial suburb has benefited from clean-up of the ponds and harbour restoration work. An influx of people attracted by the huge number of heritage houses (reputed to be more than Parnell) and new affordable housing contributes

to a vibrant cultural mix.

New businesses are taking advantage of the well-preserved Victorian and Edwardian buildings dotting the main street mall.

Described as a small town — in a good way – rather than a suburb so close to the city, Onehunga has a thriving community feel. It is the centre of transport links from New Lynn, the city and to the south and will likely will be on the light-rail path from city to airport, bringing work and recreation within easy commute.

The discount Dress Smart mall attracts shoppers from all around Auckland, but the

suburb is handy for work in both the city (by rail) or Penrose and Mt Wellington to the south, by motorway.

Who lives here and what do they do?

The town’s Māori and Pasifika roots are still strong; Indian and other Asian groups settling there more recently.

Community organisers are making sure that the changes brought by gentrification don’t push out three or more generations of locals.

Old and new Onehungans mix it up. Thousands of young people have joined arts programmes, developed social enterprises or eaten great kai at the monthly street markets, all hosted at The 312 Hub, while a few blocks away older residents, Indian and Latin

$1.16m

Current median property value

14.6%

Up on pre-Covid value levels

$250K

Median value gain in last 12 months

$2.72m

Highest settled sale price in past 12 months

American cultural groups make the most of the volunteer-run Onehunga Community House in the suburb’s original 1901 school house.

Historic parks are heavily used by walkers and cyclists, the plentiful sports fields are a legacy of the old borough council, and there’s a YMCArun gym and pool. For the big stuff, Waikaraka Park Speedway and Mt Smart stadium are in the ‘hood.

The magnificent Andrew Carnegie Free Library on Princes St was restored to become gastro pub The Good Home and there are plenty of old-fashioned home cookeries and a good range of Asian cuisine and some 20 (and counting) cafes.

Cyclists can circle the waterfront over the bridge to

Māngere Bridge town, the real working Ambury Farm, mountain bike trails and the historic Ōtuataua Stonefields.

What’s to love?

The Taumanu foreshore restoration created a delightful park and beach and gives a good glimpse of the transformation of the town.

Auckland Council’s development arm Panuku now owns the wharf, with master planning underway for the next couple of decades of change, adding it to its work to develop residential, work and recreation through the town precinct.

Panuku-controlled town centre sites will provide an additional 473 residential units, 3200sq m of retail and commercial, and 2000sq m of new and revamped community recreation.

OneRoof.co.nz

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RECENT SALES

$2.04m

188 Arthur Street, Onehunga: A 1940s three-bedroom home with an awardwinning architectural makeover, marketed by Glenn Baker and Lindy Lawton, of Bayleys. Sale price $504,000 above CV.

$875,000

201/74 Victoria Street, Onehunga: Two-bedroom apartment in the new Fabric development, marketed by Rachel Berry and John Covich, of Ray White. Sale price $55,000 above CV.

Buying and selling Onehunga is one of Auckland city’s better performing suburbs, with the median property value up 14.6 per cent on pre-Covid levels to $1,160,000, according to the latest OneRoof-Valocity house price index figures.

Increased demand from first home buyers and families moving from both neighbouring Ellerslie and Mangere Bridge and more expensive heritage suburbs of Ponsonby and Grey Lynn has put upward pressure on prices.

Simone Jonelle, Bayleys growth manager for Ellerslie, One Tree Hill and Onehunga, said that buyers were attracted to the variety of housing types available in the suburb, from heritage villas to former state houses to the newest terrace

“There’s a lot of activity around character homes. They can go for over $2 million.”

and apartments sprouting up.

“This is how quickly the market is changing. Old State houses on a cross-lease section were going for $800,000, but now they could easily be hitting the $1 million mark,” she said.

“There’s a lot of activity

around character homes. They can go for over $2 million.”

Jonelle said that although the market had been scared that property on full sites would be pushed over by developers, “we actually need to encourage first and second home buyers

that there are houses they can afford.

“That said, a buyer would be hard pressed to get much under $850,000.”

She’s seen an influx of buyers from Meadowbank and Eastern Bays, attracted by the variety of housing types that still have access to water and views, but within easy commutes of the city. “The trains have made a real difference.”

Jonelle said that once people moved to Onehunga, they tended to stay, moving up the ladder from apartments to perhaps a villa.

“It’s a solid community. The shops and amenities are only getting better, and the developers have mixed their new buildings in extremely well, so that brings a lot to the community,” she said.

$2.2m

26a Quadrant Road, Onehunga: Investment bungalow conversion into five one-bedroom flats on 1088 sqm, marketed Paul Donovan and Sharon Walls, Barfoot & Thompson. Sale price $550,000 above CV.

ONEHUNGA, ONE TREE HILL AND SURROUNDING SUBURBS Local experts in the greater Onehunga, One Tree Hill and surrounding suburbs.

A LT O G E T H E R B E T T E R

09 624 3900 | onetreehill@bayleys.co.nz | 778 Manukau Road, Auckland BAYLEYS REAL ESTATE LTD, ONE TREE HILL, LICENSED UNDER THE REA ACT 2008

Residential / Commercial / Rural / Prope rt y Services