OneRoof Property Report - 2nd November 2020

Monday, November 2, 2020

PROPERTY REPORT

The need for speed: how to cope in a fast market

Latest valuations for every suburb in New Zealand

Page 6

Pages 16-28

YOUR HOME’S NEW VALUE IN A SIZZLING MARKET Page 3

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DATA CRUNCH

Could anything go wrong? Always.

But the chances look quite slim Owen Vaughan Note from the editor

T

he residential property market has gone from ice cold to red hot in a very short space of time. Not only has the market defied expectations of a crash, it has exceeded even the most hopeful predictions.

Why is the market super-charged at the moment? The momentum has been building since the country came out of the first lockdown in May - and it's hard to see the foot coming off the accelerator any time soon.

Low interest rates are without a doubt the main driver, encouraging more buyers to strike now while money is cheap.

But while a hot market is great for vendors, the sudden up-tick in prices and increased competition will have caught many Kiwis by surprise. Buyers will find that they need to come to open homes and auctions with a different game plan - one that takes into account who they are up against, what's been selling and what they are willing to compromise on to secure a home.

See how your region and suburb is faring in our detailed look at what's happening in the maket and what's to come.

Happy reading!

INSIDE

Cover story Comment Industry view Tables Hot suburb

3-5 7 8-9 16-28 30-31

The housing market has enjoyed a stunning reversal of fortune in a relatively short time

B

The level of pent-up demand hidden from view looks to have been far greater than any of us imagined.

ack during the March to May lockdown and immediately ahead of it, most of the commentary on housing markets around New Zealand fell on the negative side. Expectations of soaring unemployment, collapsing migration and banks calling in loans and refusing to lend to new buyers, drove forecasts of big declines in house prices.

For a while the price forecasts were on track with average prices around the country retreating 3.0 per cent over the two-month period from April to May. But since then sales have soared to be 37 per cent stronger in September than a year earlier, the stock of listings has declined 18 per cent from a year ago and prices have risen 7 per cent in four months to now sit almost 4 per cent higher than March levels.

Why this astounding turnaround in such a short period of time? Some people place a heavy emphasis on returning Kiwis and it is true that the net annual Kiwi migration flow jumped to +22,000 in the year to August from a 3700 loss a year ago and average annual losses since 2002 of 20,000 of us. But when I asked real estate agents in the monthly survey I run with the Real Estate Institute of New Zealand whether they were seeing more inquiries from offshore, a net 2 per cent this month said such inquiries were down. In fact for five months this outcome has been fairly weak.

The anecdotes of expat buying are strong, but the true source of real estate market strength is domestic and it comes from factors such as these. First, low term deposit interest rates are driving investors to not sell properties they were planning to sell.

Some are buying more properties and a net 38 per cent

Auckland’s housing market has surged. Photo / Fiona Goodall

numbers might be drifting back of agents in my monthly survey up from recent monthly with REINZ say they are seeing outcomes near zero as more more investors in the market. people are allowed into New A net 11 per cent of people in Zealand and a lot of people who another survey I run looking at needed to leave have done so. people’s spending plans, say The net population gain they plan purchasing more expected to accrue from investment property, up migration flows out to from 7 per cent in July.

September 2021.

And it is not just Third, listings in the current level of recent times have interest rates having been running about an effect here. The 65 per cent down Reserve Bank cut from levels of a their cash rate 0.75 per decade ago and it cent over 2019 looks like a lot of and, combined Tony Alexander hopeful buyers with confirmation gave up on their searching of no Capital Gains tax and no obvious weakness following the before Covid came along. But ban on foreign buyers from late- hopes of distressed sellers and unemployed people putting 2018, real estate markets were purchasing plans on hold seems accelerating immediately prior to have encouraged these to the Covid shock. people to jump into the market Moreover, interest rates are since April, hopeful of making a driving purchasers because purchase. Removal of Loan to they are expected to remain low Value Ratio rules will also have for many years and because the encouraged their reappearance.

Reserve Bank might push them In particular, from my lower again early in 2021.

Second, we experienced a net survey of agents with REINZ we can see that first home migration boom before the borders closed. On average over buyers plunged into the market in June while investors have the past 10 years we have been slower to appear. The level enjoyed a population boost of pent-up demand hidden from migration flows of 35,000 from view looks to have been people per annum. That total far greater than any of us was 91,000 in the year to March imagined. and still sat at 71,000 in August.

Fourth, many people have Plus, it looks like the monthly

rapidly grown their house deposits since March on the back of a lockdown during which they were unable to spend. No overseas visits has also freed up funds.

There are many other factors and I listed 25 in my September 17 Tony’s View publication, available at www. tonyalexander.nz. But these are the main ones, and there is virtually no sign that any reversal in recent market strength is likely.

Businesses are being reminded every day that both skilled and (willing) unskilled labour are in short supply in New Zealand, so expiration of the last wage subsidy scheme will likely produce few new layoffs.

The ending of the extended mortgage deferral scheme in March will likely see very few distressed sales as banks will by now have lost almost all their fears of house prices falling.

Also, as each week goes by we get closer to the borders one day re-opening (though it is anyone’s guess when exactly).

Each week brings us closer to banks easing lending criteria, and businesses starting to catchup on suspended capital spending projects. Now add in consumers shifting to a net 32 per cent planning to spend more this month from just 13 per cent last month in the Spending Plans Survey and the underlying state of our economy will slowly become a new factor supporting regional housing markets.

Could anything go wrong?

Always. The vaccines might not work, weak economies offshore could see our export prices fall and maybe many businesses have yet to pull the plug. But the chances of new weakness appearing look quite slim — and that means the probabilities favour higher average prices around all the country.

- Tony Alexander is an economics commentator and former chief economist for BNZ

REAL ESTATE

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ormally a drag on buying and selling in this country, as voters sit back and await various policy announcements, the election was a non-event this time around. Covid19 hasn’t put the hand brake on the housing market either, although the pandemic’s effect on house prices is more complicated than the election’s.

The re-emergence of the virus in Auckland and the subsequent level three lockdown in the city came as the housing market was hitting its stride. August sales barely registered the seismic turn of events and September saw several billions of dollars’ worth of real estate transactions.

Outweighing the election and the pandemic, at least from the market’s point of view, is the Reserve Bank’s decision to cut interest

How stable are the drivers of the market’s post-Covid surge and is it fair to say we’re back in boom territory? JAMES WILSON looks at rapidly changing landscape for buyers and sellers. rates at the start of the crisis in March and the removal of the loan to value ratio restrictions.

Both actions have lured buyers back into the market in numbers not seen since the last boom, although to be fair the removal of the LVR has been more of a psychological boost to the market than a practical one, as banks are still cautious about the amounts they are prepared to lend, and are more rigorous in assessing future income post-Covid.

The FOMO factor – fear of missing out – can be seen to be at play, as first home buyers decide now is the best time to get a foot on the property ladder. The big price reductions predicted at the start of the Covid crisis

have not come to pass, especially since the extension of the wage subsidy and mortgage deferral schemes, and buyers can see that a waitand-see approach will not do them any favours.

Prices have steadily risen since lockdown, while anecdotal evidence shows big numbers at open homes and more competition at auctions.

Investors are back in the fray, even in more expensive markets, such as Auckland, and movers see the chance to capitalise on low interest rates and the capital they’ve accrued in their home. The demand side of the ledger has been given a further boost by the surge in net migration, as expats returned home and put pressure on the market.

A shortage of stock is also apparent but it’s not as simple as too few listings. Immediately post-lockdown, the dearth of homes did intensify competition in the market, but listing levels are now back to solid levels. The problem is that demand still outweighs supply, and homes are selling fast.

What do the numbers show?

The OneRoof-Valocity house price index shows the New Zealand housing market started 2020 in a good place, registering 9.1 percent value growth for the 12 months to March 25, the day before the country went into a lockdown to halt the spread of Covid-19. After an initial drop, when the housing market was on

hold, nationwide values on the index have strengthened, and are up 5 percent on where they were seven months ago.

The best-performing regions on the index are Gisborne and Hawke’s Bay, with values up 10 percent and 6.7 percent respectively. A lot of that has been fuelled by the relative low cost of housing in both regions and equity being pulled out of Auckland to go into cheaper markets. Most of the regions have recovered from the initial lockdown slump, with West Coast, Northland and Otago the only regions to show declines in values.

Market confidence can be seen most clearly at a territorial authority (TA) level. Of the 72 TAs

measured, just 11 showed negative growth, down from 22 TAs at the start of August. No TA showed a drop in values of more than 5 percent, with property values in Queenstown-Lakes, the worst-hit market, now only 4.4 percent off where they were in March 25, a 3.3 percentage point climb in the last three months.

Annual rates of growth are significantly softer than they were prelockdown, but we are beginning to see some strong performers and trends emerge: • TAs with lower median property values have generally performed better than those with higher median values, although there are exceptions.

• Gisborne remains New Zealand’s bestperforming housing Continued on Page 4

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COVER STORY market, with values there up 10 percent on the OneRoofValocity house price index.

• Investors who had been waiting on the side-lines at the time of the last lockdown, perhaps in the expectation that prices would fall, are now actively re-entering lowerpriced regional markets, putting pressure on first home buyers and adding further heat to the market.

• Every region in Auckland is registering growth, with Manukau, Rodney and Auckland City showing the biggest increases.

• Continued strong growth post lockdown in Christchurch has marked the city as the place for first home buyers.

• Dunedin, the star of the NZ housing market pre-Covid, is struggling to find its place postCovid.

There is also a lot of variation going on the different price brackets, a trend also observed during the global financial crisis.

The biggest changes are in the lower price brackets, 0-$500K and $500K-$1m. The rate of growth for these two brackets – both registering strong growth before the Covid crisis – has softened since March 25. Investors tend to be over represented in both brackets, and the figures may be further evidence of the initial “wait and see” mentality sucking some of the oxygen out of that market.

The rate of growth change is best in the $1m to $1.5m bracket, which reflects the impact of movers and investors reentering some of NZ’s larger urban markets.

The overall sales value of stock sold post lockdown is expected to go a long way to make up the shortfall caused by the locked down and disrupted market conditions, with total settled sales value of stock sold already at around 60 percent of 2019 levels, with sales in some extremely busy months still to settle and show up in the overall figures. And there are still two months to go.

Analysis of mortgage registration over the last five years reveals some key themes: • The number of new mortgage registrations to movers has been on a downward curve since 2015. This group was very active during the ‘boom’ period of 2013-2016 but is now sitting on the side-lines, showing more caution than other buyer groups. This is even more evident since the Covid crisis, with registrations to movers now only representing 8.3 percent of new mortgage registrations nationwide.

• First home buyers represented about 25 percent of new mortgage registrations in the first six months of 2015. Now they represent more than 35 percent – the result of historically low interest rates.

• Investors are targeting lower-priced regional housing markets where they can get more favourable returns than

are available in the main urban centres. This can be seen in the high number of new mortgage registrations to investors for Hawke’s Bay, ManawatuWhanganui and Gisborne.

• Capital growth stalled in Auckland between 2017 and late 2019, prompting investors to take their money elsewhere.

From late 2019, there has been a steady rise in the number of new mortgage registrations to investors.

• Auckland is dominated by refinancers and switchers, as homeowners there capitalise on capital growth to leverage equity.

The most pressing question for the market is, “how long can the surge last?” For example, since the first wave of returning expats, net migration has fallen sharply, and at some stage this impact will flow through to the market. And whilst economic conditions, as they relate to the housing market, seem positive now, there may well be future events that dent confidence and destabilise employment and financial security. Those who put off such concerns would be wise to remember that this time last year no one would have predicted a virus would spread with such damaging force and speed.

Off-the-cuff forecasting is something that’s best avoided, but those thinking about their next purchase, and how much debt that might involve, would do well to look at longer term implications of their decisions and not let “speculation” fever take hold.

Many of the levers to support demand and value levels remain in place but, there may still be tough ahead, with such high numbers of borrowers still on mortgage deferrals or interest only and such large uptakes on wage subsidies still in play.

bank expects prices to rise at a peak rate of about 12 per cent over the year to June 2021.

“We’re getting a bit of a boom, in the sense we’re getting people responding to interest rates in the way they normally do.”

He added: “We know there are a number of businesses under a lot of pressure and there are some households facing challenges – but there’s a huge part of New Zealand which just looks like it’s sailing on and responding to these really low interest rates.”

This is not all good news, however.

“The big red flag, or warning, is that we’re back into this haves versus have nots, where people who can get in and buy houses will tend to do well.

“Those who can’t, we’re getting that divide being created and we’re not solving the long-term problems of why houses are relatively expensive here in New Zealand which is around the cost of supply.”

Lesley Harris, from the First Home Buyers Club, says we are in a stable market, not a boom.

New Zealand has become an even more attractive place to come back to and live so there is probably more demand and we are seeing price increases, “but I certainly wouldn’t call it a boom”, she says..

“I think there are some isolated, extraordinary sales but I’d want to see that repeated month after month after Tasman month before I said it’s a boom.

At the

2.1%

moment it’s just too early to tell.

Harris says she knows many investors getting out of the market because of all the legislation around being a landlord and for first home buyers it’s not a bad time to Northland buy. “If things are slightly more expensive to buy it’s being offset. If

-1%

Auckland

4.9%

Waikato

Bay of Plenty

4.9%

4.5%

Gisborne

10%

Taranaki

Hawke’s Bay

4.7%

6.7%

ManawatuWhanganui

4.5%

Nelson

2.1% Wellington Marlborough

5%

5.7%

West Coast

-1.5%

What the map tells you

Hard to judge The jury is still out as to whether the hot house prices being seen around the country constitute a fully-fledged boom, writes Catherine Masters.

Nick Tuffley, the ASB’s chief economist, says the market is heating up and the

Canterbury

5.5%

The different colours on the map express for each region the change in house values on the OneRoofValocity House Price Index in the seven months since March 25.

-3% -2% -1% 0% 1% 2% 3%

House price values and sales volumes Location

Otago

-1% Southland

0.1%

New Zealand Auckland Bay of Plenty Canterbury Gisborne Hawke’s Bay Whanganui Marlborough Nelson Northland Otago Southland Taranaki Tasman Waikato Wellington West Coast

you’ve got a mortgage it’s sort of neither here nor there because you’re not paying more weekly.”

She adds: “The world’s gone a bit crazy with Covid. I think we’re going to know more coming into first quarter next year once everything washes out, but we also don’t know are we going to have another big outbreak in New Zealand, are we going to see an economic slump?

“I don’t think we’ve seen the overall impact yet on our economy and we haven’t seen the overall impact on global economies. It’s surging around the world and we’ve got it fairly

well under control but New Zealand isn’t an isolated economy.”

Mortgage broker John Bolton, from mortgage company Squirrel, thinks the property market is going through a boom - but a weird one. “Clearly, house prices are going up at the moment and clearly it’s a bit crazy out there.

Property is confidence-driven so when people are feeling more confident they’re more likely to want to dive into the property market, which is weird given Covid.”

He does question how long the confidence will last. “Will the economic reality of our postCovid world sink in at some point? Nobody knows.”

The Reserve may also bring back LVR restrictions back but the FOMO phenomenon could be hard to halt. “I think people are genuinely concerned they might miss out, that prices are going up too much and if they don’t buy now, they’ll be even higher next year.”

Value change on the OneRoofCurrent median 12-month 12-month Five-year- Five-year- Valocity house value change (%) change ($) change (%) change ($) price index* $675,000 11% $65,000 45% $210,000 5.0% $965,000 9% $80,000 21% $170,000 4.9% $665,000 9% $55,000 64% $260,000 4.5% $480,000 8% $35,000 12% $50,000 5.5% $470,000 25% $95,000 119% $255,000 10.0% $560,000 12% $60,000 96% $275,000 6.7% $445,000 19% $70,000 93% $215,000 4.5% $500,000 9% $40,000 59% $185,000 5.0% $610,000 8% $45,000 65% $240,000 2.1% $565,000 9% $45,000 66% $225,000 -1.0% $575,000 11% $55,000 92% $275,000 -1.0% $355,000 15% $45,000 78% $155,000 0.1% $460,000 15% $60,000 46% $145,000 4.7% $670,000 8% $50,000 52% $230,000 2.1% $630,000 10% $55,000 64% $245,000 4.9% $745,000 15% $95,000 84% $340,000 5.7% $245,000 9% $20,000 0% $245,000 -1.5%

OneRoof.co.nz

WHO’S ON THE UP?

Only six suburbs are down on the index - Tauranga South, Tauranga Central, Mt Maunganui, Ohauiti, Judea and Matua. Sales volumes in these areas have been low, making value trends somewhat volatile. First home buyers continue to dominate but investors are back in the game.

WELLINGTON

Much of the solid growth on the index can be attributed to the fact that Wellington property values have started from a lower base than other centres, which makes it attractive to first home buyers, who accounted for more than a third of new mortgage registrations last quarter.

CHRISTCHURCH Flat before Covid-19, Christchurch is now one of the housing market’s star performers. Affordability is key.

First home buyers are the main driving force in the market, accounting for a staggering 42 percent of new mortgage registrations over the last quarter.

QUEENSTOWN The ban on international visitors has hurt the housing market. The city is at the bottom of the house price index rankings, but signs of a recovery are beginning to emerge, with anecdotal reports of increasing interest among numerous buyer groups.

DUNEDIN In the 12 months before Covid-19, Dunedin was hot but since lockdown, it has recorded growth of just 0.6 percent. Whilst sales trends appear to be reversing, volumes are subdued, the result of many market participants continuing to sit on the side-lines.

900

Alert levels ls 4

INDEX

Mar 23

3

2

1

3

2

Sep 14

1075

1050 1025

1000

975 950 925 900

Alert levels ls 4

Mar 23

INDEX

TAURANGA

975 925

3

2

1

2

Sep 14

1075

1050 1025

1000

975 950 925 900

Alert levels ls 4

Mar 23

3

2

1

2

Sep 14

1075

1050 1025

1000

975 950 925 900

Alert levels ls 4

Mar 23

3

2

1

2

Sep 14

1075

1050 1025

1000

975 950 925 900

Alert levels ls 4

Mar 23

3

2

1

2

Sep 14

1075

1050 1025

1000

975 950 925 900

Alert levels ls 4

Mar 23

3

2

1

2

Sep 14

1075

1050 1025

1000

975 950 925 900

WINNERS AND LOSERS

Where house values landed post-Covid-19.

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

950

INDEX

Hamilton property values are up 4.7 percent on the index for a median value of $635,000. Only four of the of the city’s 42 suburbs have declined.

First home buyers are the most active buying group, with their share of mortgage registrations increasing to 30.1 percent in the last quarter.

1025

1000

INDEX

HAMILTON

1075

1050

INDEX

Auckland’s housing market has shrugged off two lockdowns, with all regions exhibiting growth on the house price index. Of the 328 suburbs in Greater Auckland, only 10 percent were in worse place now than they were at the start of the Covid crisis.

Pent up demand continues to strengthen values.

INDEX

AUCKLAND

INDEX

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

Alert levels ls 4

Mar 23

3

2

1

2

Sep 14

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

House price index change

10.0% 9.7% 7.9% 7.2% 6.7% 6.7% 6.6% 6.6% 6.4% 6.3% 6.0% 5.9% 5.5% 5.5% 5.5% 5.2% 5.0% 4.9% 4.9% 4.9% 4.9% 4.8% 4.7% 4.6% 4.5% 4.5% 4.3% 3.9% 3.9% 3.8% 3.7% 3.5% 3.1% 3.1% 3.0% 2.7% 2.6% 2.5% 2.5% 2.2% 2.2% 2.2% 2.1% 2.1% 2.1% 1.9% 1.8% 1.8% 1.5% 1.4% 1.3% 1.3% 1.1% 0.9% 0.7% 0.6% 0.6% 0.6% 0.4% 0.3% 0% -0.1% -0.2% -0.3% -0.4% -0.7% -1.1% -1.1% -1.5% -2.9% -3.9% -4.4%

Median value

$470,000 $560,000 $520,000 $275,000 $505,000 $250,000 $615,000 $475,000 $695,000 $670,000 $900,000 $710,000 $490,000 $545,000 $300,000 $985,000 $500,000 $420,000 $275,000 $315,000 $375,000 $1,080,000 $635,000 $870,000 $315,000 $355,000 $505,000 $755,000 $695,000 $460,000 $490,000 $865,000 $360,000 $730,000 $370,000 $595,000 $1,145,000 $300,000 $745,000 $220,000 $795,000 $425,000 $670,000 $610,000 $490,000 $575,000 $740,000 $325,000 $555,000 $315,000 $515,000 $460,000 $515,000 $685,000 $300,000 $385,000 $535,000 $350,000 $370,000 $230,000 $430,000 $535,000 $610,000 $520,000 $415,000 $620,000 $335,000 $750,000 $290,000 $585,000 $605,000 $980,000

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MARKET HEAT

THE FAST AND THE FURIOUS Properties are being snapped up the moment they are listed, with the number of days to sell dropping fast, writes CATHERINE SMITH

T

he speed of change in the housing market this year can be seen in the dramatic drop in the number of days it takes to sell a house. And properties selling by auction, rather than by fixed price, negotiation or tender, are moving even faster.

Properties around New Zealand are taking 32 days to sell, according to data from the Real Estate Institute of New Zealand for the three months to the end of September. That’s four days faster than the same three months last year.

Some parts of the country are shifting properties quicker than others. In Southland, the average sale period for a property going to auction is 21 days (other methods of sale take 31 days on average). Manawatū Whanganui auction sales have averaged 23 days in the past three months and Wellington 24 days.

In the Auckland region, properties going to auction are selling within 29 days, compared to 36 days for other methods. Within Auckland, there are some suburbs with even faster turnaround. In Rosehill, in the city’s south, the number of days to sell is 15 days (last year the average was 40 days), while in Green Bay, in Waitākere, it’s 18 days.

In Auckland City, Point Chevalier averaged 20 days, but agents think the number may be even lower for October.

Professional agent Derek von Sturmer says: “Every quarter has been different, but our office average is 14 days to sell since lockdown level 4. We’ve done 63 sales, over $100 million.

Von Sturmer says contrary to popular belief, buyers in the suburb are not developers or expats, they are just “people moving within the market who just need more room”.

Recent sales in Point Chevalier highlight buyer determination. A four-bedroom modern home at 57 Wainui Ave sold for $3.45 million after four days, with the vendors receiving four offers over $3.1m.

A four-bedroom bungalow at 92 Kiwi Rd had 15 registered bidders after seven days on the market and sold for $2.45m while 26 Muripara Ave sold after 11 days on the market for $2.8m, $1m above the rating valuation.

Von Sturmer says some buyers have been looking for 12 to 18 months, so as soon as they see something they like they make an offer.

Bindi Norwell, REINZ chief executive, says: “It has surprised us over the last couple

Bidders spill out of an auction room in Whangamata, in the Coromandel, last month. Photo / Supplied

“We’ve got [investors] from Auckland, Wellington, Christchurch, buying sight unseen.

They’re watching [the listings] and sending offers.”

of months how quickly properties have been selling.

“Traditionally properties take a little longer to sell in winter than they do in summer, however, the insatiable appetite for property is driving the median number of days to sell a property down at the moment.”

In the Coromandel, Ray White agent Andrew McGee estimate that about 150 people attended the company's auctions at Labour Weekend, spilling out onto the street.

“The number of attendees is extraordinary, increasing at each auction since August 2019.

We've had very high demand, but then it’s been extreme demand in the last two months.

I’ve never seen anything like it,” McGee said.

McGee said people were moving fast: a buyer at one of his open homes viewed the house for all of 50 seconds before registering to bid.

Ray White Invercargill business manager John Murphy

is not surprised that Southland has the fastest days to sell. A lot of the speed he puts down to investors, as first home buyers generally take longer to sort of their finances and get due diligence done.

“Invercargill feels like a bubble — it’s going really well.

There are still plenty of investors. This week, I put something on the market on Tuesday and had six offers by Wednesday night, three of them good cash offers.

In a fix: How low can mortgage rates go?

RUPERT GOUGH

C

hoosing how long to fix your mortgage interest rate for is about balancing two options: getting the cheapest rates — typically the one to three-year rate — versus having some certainty around what you are going to pay for the next four to five years.

For mortgage-holders (and brokers), the past 10 years have given a constant nagging feeling that this was the lowest interest rates could get to and, therefore, perhaps they should take a longer fixed rate option, only to have this disproven the following year. In February 2015, one of the banks released an option

to lock a mortgage in for 10 years at 5.89 per cent.

The excitement generated from the ability to have such “a low rate for so long” caused a lot of people to either refinance their mortgage or express mild fury that the other banks weren’t offering the same option. But if you have mortgage at the moment, you have a forecast of interest rates the likes of which has never been seen before.

Firstly, The Reserve Bank has committed to leaving the OCR at 0.25 per cent for a year until March 2021, so we know that interest rates will be fairly stable for the very short term.

Secondly, just like in 2008 with the GFC, we

know that Covid-19 is likely to continue to disrupt the world economy and how we conduct business well into 2021. I’m not particularly pessimistic about economy but we’re not going to see a solution any time soon either.

Based on that information, it would be a brave bet to take a longer interest rate option at the moment. The banks don’t generally release the data but I would guess that a lot of people are fixing for just one year; waiting to see what interest rates are in 2021.

These low interest rates are also increasing demand for property.

Even in Auckland, rent was usually 3 per cent of a

property value and now buyers can purchase at 2.5 per cent or lower. This — and the fact that many employees are increasingly confident they will be employed in the near future — is bringing a rush of applications to the banks.

If you are looking to purchase, I recommend getting pre-approved early. The banks have a slow turnaround so make sure you have a clear idea of what deposit you have and how you could increase that if required.

Selling an unused car or help from the Bank of Mum and Dad will make your application a lot stronger.

- Rupert Gough is the CEO Mortgage Lab.

“We’ve got [investors] from Auckland, Wellington, Christchurch, buying sight unseen. They’re watching [the listings] and sending offers.

“They can’t buy in Queenstown, or Arrowtown or Wānaka, so they’re coming here.”

Mortgage broker Rupert Gough, chief executive of Mortgage Lab, says the 10 to 12 days banks need to turn around an application for finance can be a nightmare for buyers. Once buyers are pre-approved to a certain amount, the bank turnaround for a particular property drops to two days, particularly if the deposit is over 20 per cent of the property value.

“The strategy of people putting in pre-auction offers is that they know it blows other people off who can’t speed up their finance [approval].

Investors are typically preapproved so they get the advantage.”

Norwell expects to see more properties sold by auction this summer “particularly as we have a shortage of listings in the market at the moment and auction is a good way to test market value” But she cautions that when properties are selling quickly "a large factor at the moment is FOMO or the fear of missing out.

“We just hope that people are taking their time to undertake the appropriate due diligence and to ask the right questions before jumping in to purchasing a property.”

OneRoof.co.nz

MARKET WATCH

7

The market bounced back after Covid but there’s still a shortage of listings The suggestion that the market could end this year on a high would have been inconceivable just a few months ago.

A

t the beginning of 2020, everyone was excited about what the new decade might bring and that naturally brought with it a sense of renewed optimism about what was to come.

Auction rooms were busy, we were starting to see price rises in areas that had been previously been flat and there was a sense of anticipation that this growth in prices would continue for a few months.

However, at the same time Covid-19 moved from being something that no one had ever heard of to something that started to enter the daily lexicon, particularly as New Zealand’s first case emerged at the end of February and then we all know what happened over the coming weeks.

Naturally the first thing people did as Covid-19 cases started increasing in New Zealand was ask what the impact would be on the market.

The obvious place to start making comparisons was the Global Financial Crisis as that was the last significant financial event that impacted economies across the world.

Initially there were concerns that that the property market would be significantly impacted and that prices and sales volumes would fall dramatically as people were unable to view properties in person and agents were unable to meet with vendors and potential purchasers face-toface.

Fast forward a few months, a significant level 4 lockdown and a secondary lockdown for the Auckland region, we now start to have a clearer picture of how New Zealand’s property market is faring thus far.

So far in 2020, for the first 8 months of the year, we’ve seen in excess of $43 billion worth of property sold across the country and in excess of $19 billion in Auckland.

Last year the total value of residential property sold across the country was in excess of $52 billion, and in Auckland it was in excess of $22 billion.

Should the remaining three months of the year continue in a

Bindi Nowell

similar fashion, it’s likely we will see total value meet if not exceed last year’s total value.

Just a few months back, suggesting that we could meet or exceed last year’s total sales value was inconceivable — especially when you consider that in April sales volumes were down 77.2 per cent when compared to the same time last year!

Taking a closer look at sales volumes again shows that despite losing the best part of a month’s sales, that we’re

provided by the Reserve Bank have gone a long way to ensuring New Zealand’s property market has remained in good stead when there was high a risk that it wouldn’t.

With the Reserve Bank’s focus firmly on ensuring the wider economy remains positive, we can expect a number of the macro-economic tools the Reserve Bank has introduced to remain in place for a few more months yet, and with forecasts of interests rates dropping even further in the

“With the limited number of new listings coming to market and the total pool of available properties at its lowest level since REINZ began keeping records, many people are finding themselves waiting to list until they’ve already purchased somewhere new to move thereby further exacerbating the shortage of properties available.”

catching up.

Last year, in the first nine months of the year 56,094 properties were sold across the country and for the same period this year, 55,919 properties have been sold — just 175 properties short of last year’s tally at this point in the calendar year.

The confidence we had going into Covid-19, Kiwis’ ability to respond quickly and positively to technology solutions and the numerous stimulus measures

coming months then this may bolster the market even more.

The balance between supporting the economy and not having house price growth impact affordability even further is a constant challenge.

Looking forward, at this point in time there are no signs that there will be much change in the property market in the next few months.

Agents are still reporting that lifestyle choices remain at the

forefront of many purchasers’ decision-making, be it a bigger house with a bigger backyard or a pool or whether it’s an older couple who have made the decision to downsize.

With the limited number of new listings coming to market and the total pool of available properties at its lowest level since REINZ began keeping records, many people are finding themselves waiting to list until they’ve already purchased somewhere new to move thereby further exacerbating the shortage of properties available.

We’re hopeful that as we get to the warmer months of the year that we might see an uplift in the number of listings coming to market, as people often see the summer months as a great time to sell, thereby easing the listings shortage, giving buyers more choice and reducing the pressure on affordability.

One thing is for certain though — we’re not fully out of the woods yet — there may still be wider economic impacts to come, but the property profession is ready to deal with whatever comes our way.

- Bindi Norwell is CEO of the Real Estate Institute of New Zealand

8 OneRoof.co.nz

INDUSTRY VIEW

THE RISK OF BEING OneRoof polled Auckland’s real estate leaders on the housing market’s surprisingly strong run since the end of the first national lockdown and asked them where they think house values and prices are heading as summer buying season approaches. Their answers shed light on a rapidly changing market that no one could have predicted at the start of the year.

Has the level of housing market activity since the end of the first lockdown in May surprised you?

Mike Bayley, managing director of Bayleys: The strength of house prices and the level of market activity postlockdown challenged many of the initial doom and gloom predictions and this is ultimately because historicallylow interest rates — and the RBNZ’s intention to keep interest rates low — is keeping buyers strongly engaged despite the weakened economy.

Peter Thompson, managing director of Barfoot and Thompson: I spent a lot of time talking to our sales people during the lockdowns and they always maintained a quiet sense of confidence, particularly around buyer inquiries. Many of the people who had sold just prior to the first lockdown still needed to buy and as we moved through the levels there were lots of settlements and some quick purchases.

Daniel Coulson, chief operating officer of Ray White NZ: The pace and level of resurgence has surprised many.

What many have known for a long time, though, is that New Zealand has had a long

affinity with residential real estate as a safe long-term investment and the results that are being achieved now are representative of that.

Barry Thom and Grant Lynch, directors of UP Real Estate: Back during the alert level 4 lockdown, we wrote that we had observed several meltdowns: the 1987 sharemarket crash, the GFC in 2008, bird flu, swine flu etc, etc.

Each time there were real issues and, yes, things changed for a period. In reality, though, things never panned out as badly as the experts predicted.

And so it has proven once again.

Bryan Thomson, managing director of Harcourts NZ: Leading into the first Covid-19 lockdown there were some negative predictions from experienced commentators. We were cautious with expectations due to the many unknowns we

OneRoof.co.nz

9

LEFT BEHIND all faced and have been pleasantly surprised by the strength of the market and buyer activity. The basis of this strength are all the factors that were present pre-Covid — demand exceeding supply, low interest rates and Kiwis coming home. As always, hindsight is 20/20 and looking back we would all admit that perhaps the magnitude of the challenge we perceived we were facing made us forget the basis that drives our market.

Mike Pero, founder of Mike Pero Real Estate: Yes. It never ceases to amaze me how the New Zealand property market continues to defy the economists. I recall so many economists suggesting that the New Zealand and Aussie property markets were now in for a big adjustment — 15 to 20 per cent down. I questioned that. Kiwis are addicted to home ownership.

Barry Grieve, national manager of LJ Hooker and Harveys NZ: The prediction was that the property market would fall apart buyer inquiry has risen, as have sale numbers and prices. I’m sure we will see more adjustments to our market in the future but with such low interest rates I think we can be quite confident that we will continue on a solid path.

Is the property market heading back into boom territory?

Bryan Thomson: Boom is an emotive term and is not one we support. The reality is that our real estate market is being driven by strong fundamentals and, while these fundamentals remain in place, we see no reason for change.

Daniel Coulson: Looking at previous cycles does little to provide clarity on where the market may be heading but conditions are very favourable for those considering selling.

Lending is available at very favourable rates, banks are generally supportive of property purchases, rental yields are strong in many cases and first home buyers are very active.

Peter Thompson: There is confidence in the housing market at today’s prices.

Generally, confidence is influenced by four key factors: the Reserve Bank’s policy around trading bank lending, demand, employment prospects and mortgage rates.

It’s worth checking in on these to get a feel for where the market is heading. From a lending perspective, there has

Sold signs are fast becoming a permanent part of the landscape in Auckland. Photo / Fiona Goodall

been no indication from the Reserve that loan-to-value ratios will be made tougher, and the latest commentary around interest rates suggests that any movement on these will be downwards. With Treasury forecasting a relatively swift correction to post-Covid trends in rising unemployment and falling net migration, its position is that any decline in price is expected to be minor and that prices will continue to rise out to 2024.

Mike Pero: It would appear so and, with interest rates so low, prices and volumes continue to rise.

Mike Bayley: There’s a range of factors putting upward pressure on house prices. Low interest rates, low term deposit rates and greater access to lending are fuelling buyer activity and creating competition, while reduced construction activity forecasts and limited listings further add to the equation. Expats are active in the market and once our borders reopen there’s a general belief that more people will be looking to move to New Zealand.

Barry Thom and Grant Lynch: September was our best month in 26 years of business. The facts now speak for themselves — the residential market in Auckland is rapidly accelerating to the point where the fear of missing out is in many cases the clear driver. Given the rapidly decreasing return on invested money, property is coming into focus and in particular the

residential market. Currently we are fielding many multiple offers, many people have brought forward auctions and are achieving record sale prices.

This has all added up to our average selling price being up 25 per cent over recent months.

What gives you cause for concern right now?

Peter Thompson: I’d be cautious post-election if decision-makers try to manipulate the market to dampen price increases. Past experience shows that such interference can have negative consequences for specific groups, such as first-home buyers. Trading banks are far better at ensuring people do not borrow too much. Based on Treasury forecasts and Reserve Bank policies, I believe our sales will continue to be strong across all price segments and across all suburbs and districts as conditions will continue to create a seller’s market for the foreseeable future.

Mike Pero: The long-term outlook. Where to from here — massive debt. Housing will be okay either way. Banks and lenders are taking a responsible approach.

Mike Bayley: There’s still a long way to go in dealing with the Covid crisis — the unpredictability of the virus and the potential for more lockdowns are a concern as New Zealanders risk losing their jobs and businesses.

Daniel Coulson: The market

“It never ceases to amaze me how the New Zealand property market continues to defy the economists.”

remains rather unpredictable as there is still uncertainty in some sectors of the wider economy, which may require people to make decisions they otherwise wouldn’t be making.

Barry Grieve: I think we were all worried about a larger correction in our market. We have seen unemployment rates rise upwards of 10 per cent with predictions they could quickly get closer to 20-25 per cent. This would have a real downward effect on the marketplace with many people needing to sell and it then becoming a buyers’ market. The key from here on is securing the listings as they are becoming harder to find.

Barry Thom and Grant Lynch: Auction competition is fierce.

Our selling rate continues to outstrip our listing rate. It will be interesting to see if the significant drop in GDP, school holidays, the election outcome and ending of the wage subsidy plays any part in cooling things down.

Bryan Thomson: The unknown is always the concern in both business and our personal lives.

Our focus is on remaining positive, controlling what we can control and making sure our clients are able to make the best decisions possible with what we know.

Complete the following: If I were a buyer right now . . .

Barry Thom and Grant Lynch: I wouldn’t wait.

Daniel Coulson: I wouldn’t be

using price as the only indication of affordability. Yes, prices in general are higher than this time last year but borrowing money is also significantly cheaper. There are a few factors that can impact the affordability of property, not just an asking price.

Mike Bayley: I’d be focused on action. That means doing your research and talking to lenders to fully understand your financial position and being ready to act fast when opportunities present themselves. It’s a competitive market, so developing a clear strategy and putting your best foot forward when making an offer is vital.

Bryan Thomson: I’d be making sure I was fully prepared to act quickly when a suitable property hits the market.

Preparation should include research on the type/style of property you wish to purchase, especially focusing on what are the non-negotiables, prearranged finance and have a broker fully briefed to assist.

Peter Thompson: I’d be prepared to act decisively in a competitive market, confident in the strength of the market over a three-to-four-year time horizon, and delighted I call New Zealand home.

Mike Pero: I’d be thinking there’s no certainty and no crystal balls. Economists don’t know what the future holds — most have been proven to be as accurate as horoscopes.

- Interviews by Catherine Masters

10

OneRoof.co.nz

NEW NEIGHBOURHOODS

BACK TO THE FUTURE How developers avoid the costly mistakes of the past and design communities that will stand the test of time, writes CATHERINE MASTERS

H

umans have a patchy record when it comes to predicting what cities will look like in the future.

Think Back to the Future 2. In the mid-80s, everyone thought the suburbs would be in 2015 full of flying cars, hover boards, robot dog-walkers and self-fitting Nikes.

None of that has come to pass. So how do designers and developers create suburbs that will stand the test of time?

Katya Lietz, chief executive of urban development planning at Crown housing organisation Kainga Ora, says a good starting point is a design that’s resilient and responsive to changing needs.

She highlights a key shift that’s likely to happen in the future: how we use cars and the amount of space they take up.

“For example, I’m quite wary of people at the moment who are adamant we ought to design our cities around self-driving cars,” she says.

“That may or may not be our future and ideally we will have cities that should cope with selfdriving cars but that also could cope with all sorts of alternative future scenarios.”

While Kiwis rely heavily on cars now, Lietz thinks there may be fewer in the coming decades, with petrol costs rising and people deeming them less desirable, which means futuristic thinking is needed around enabling people to get around easily for their everyday needs.

And while technology is moving fast — in the UK paramedics are trialling jetpacks to get up hills fast — Lietz’s view is technology itself is not likely to bring about big, big changes but that people’s response to technology may, from concerns around the environment to sustainability.

The fundamentals of how we live, however, won’t change — and that includes people enjoying each other’s company, which is what master-planned communities like Hobsonville Point, in Auckland, bring.

An already emerging trend is towards more local living and the role of the communities and neighbourhoods that people live in. “Even if we can Zoom each other and work in virtual reality I think there will still be a desire to meet other people,” Lietz says.

“I feel a little bit like we’ve been in a period where people have wanted to live in exciting cities and the definition of that has been what downtown has been like and that perhaps people accepted they might be

Clockwise from above: Hobsonville Point after development; the empty land before construction began; Michael J. Fox in Back to the Future 2 — an imagined 2015 America of flying cars and hoverboards.

Photos / Supplied and Universal Pictures

When a house opens up to the street and spills out to the roads and laneways, there is a perception of a bigger space, giving people quality living areas even in smaller terrace housing spaces.

living in suburbs that really are quite awful.

“I think now we’re moving into a time where people sort of want both. They want to be able to walk around their local neighbourhood and it being pleasant — knowing some people, being able to do some things local and also being connected to the things a large city has to offer.”

At Hobsonville Point this was factored in, from the positioning of parks and greenery to shared communal spaces and that future where cars may be less dominant has also been thought about, because cars take up a lot of space, says Lietz.

“I think that’s a discipline that’s just emerging, and I can see that getting more important in the next 30 years, that while we might be designing for extra lanes of traffic or buses right now and perhaps car parking as required, that in 30 years, or it might be 50 years, that might not be needed and that space for car parking has been designed in a way that can be repurposed for something else.”

Hobsonville Point currently has the expectation every home has somewhere for a car but this is a talking point for planners.

“If you have an individual car space outside your home you can’t really do much else with it but, if you are part of a whole city block, if the car parking is grouped, then that car space might actually be big enough for the people who live there and own those car parks to come together and say we don’t need them, what are we going to do with that space now?

“That could be anything from building some more homes to a small community centre. I think grouping car parking is a really good thought because it gives you more options.”

Car sharing may become much bigger, along with the whole “sharing economy,” Lietz says.

“Perhaps we won’t want to own absolutely everything but we want to have access to it, whether that’s a lawnmower or a car or tools and all the other pieces of kit we’ve got lying around at home we might use twice a year.”

Another change will probably be around climate change and sustainability, which Lietz sees as both a necessity and a demand from the younger generation.

“I think there will be a

groundswell of things we do now just simply becoming unacceptable and I think some of those things will have an impact on the built form and on master planned communities, perhaps around being more deliberate around how waste is handled, allowing for composting and perhaps more shared opportunities for renewable energy.

“We’re already seeing solar panels on more homes now but perhaps there will be more a move towards shared generation, perhaps an apartment block where in a communal area you might have some electricity generation.

“I think there’s already quite a drive towards bringing biodiversity into masterplanned communities in terms of bird life and so on and, again, I can see that becoming more important.”

Kainga Ora is also looking at the mistakes of the past in other areas and trying to fix them, such as in areas like Northcote, Mt Roskill and Māngere.

“We go into places that have been built in the 50s or 60s and we are reconfiguring roading patterns and land use patterns.

“I think the historic pattern of urban development is really

interesting because the stuff built 100 years ago is much more resilient than the stuff built 50 years ago, like grid street patterns have been much more flexible to changes in use and intensification than a whole lot of curved and linear cul-desacs that were popular in the 50s. If you’ve got relatively logical street patterns with square blocks where you can go, ‘I can take those four homes out and I can build an apartment block if suddenly the area I’m dealing with moves from being suburban to being really central because our city’s got so much bigger.’”

At Hobsonville Point, Universal Homes was involved from the start and has around 700 to 800 homes there now.

Sunil Prasad, now a project developer for the West Hills development at nearby Westgate, says learnings from Hobsonville Point changed how Universal approaches building design.

Before Hobsonville Point the medium-to-high-density product was rare and there wasn’t the knowledge base for that sort of typology. “Terrace housing and apartments are more dense than a lot of other housing so it was a quick learning curve for all of us, not just for the people planning it but the people building it, as well the people selling it.”

The vision document from HLC (the Hobsonville Land Company) was clear and centred around high-density living with a focus on community interaction.

“At the moment if you live in an old development in a brick and tile home with a 1.8m fence around it, people don’t even know who their neighbours are.

“At Hobsonville Point it was done so that people interacted more with their neighbours and it was more for that community feel. That was the main push behind the way the Hobsonville Point was designed and I think they did it correctly because the parks and all that came earlier on in the piece.”

His company learned about building on “super lots” with the houses having road facing living rooms and outdoor living spaces with low fences so people could talk to each other.

When a house opens up to the street and spills out to the roads and laneways, there is a perception of a bigger space, giving people quality living areas even in smaller terrace housing spaces, and cost was also a factor here.

Prasad thinks the masterplanned approach is the future now and while people viewed Hobsonville Point with caution early on, once they started to see the boardwalks, schools and wider streets, where they could walk or cycle come to be they realised it was something new and good.

Five suburbs to watch

Fenchurch in Glen Innes is one of the new Tāmaki neighbourhoods.

Five Auckland suburbs are likely to have an edge when it comes to making the decision on where to buy.

Neighbourhoods grow in their appeal as amenity improves and more people can access the things they want, like good parks and schools, convenient transport links, a café scene and safe, walkable streets.

The five neighbourhoods where Kāinga Ora has homes for sale right now are:

However, it’s not always easy to predict which suburbs are going to be ‘hot’ down the track. Development often happens in a piecemeal way and you don’t know when and where new amenity will appear.

• Northcote Development

Kāinga Ora has an urban development team which is creating tens of thousands of new homes over the next 15–20 years.

Theiir focus is on proviiding nott onlly many more quallity homes with a minimum standard of 6 Homestar, but making sure those homes are in high amenity neighbourhoods. This ‘whole of neighbourhood’ approach means that you know improved amenity is coming ahead of a buying decision. And better amenity is a predictor of a neighbourhood that will grow in popularity.

• Hobsonville Point • Mangere Development • Roskill Development (Mt Roskill South and Ōwairaka) • Tāmakki (Glen Innes, Pt Engllandd andd Pamure))

Turn the page to find out more about these neighbourhoods and see examples of the homes for sale.

Five suburbs to watch

MT VICTORIA TA K A R U N GA

AUCKLAND CBD

There are homes for sale right now in these five suburbs where heavy investment is going into providing high quality amenity and infrastructure. Good amenity creates the kind of places people like to live and gives buyers confidence and certainty. ŌHINERAU MT HOBSON

MAUNGAWHAU MT EDEN

4,500

TE KŌPUKE MT SAINT JOHN

TOTAL HOMES COMING

MT ALBERT ŌWAIRAKA

• 2,500 homes built • 5km coastal walkway and outdoor public art trail • Waterfront hospitality hub • Ferry service

THREE KINGS T E TĀT UA-A- R I U K I U TA

ONE TREE HILL MAUNGAKIEKIE

MT ROSKILL P U K E TĀ PA PA

11,000 $729,000 Visit the Information Centre at 1 Hasting Street.

Open daily from 10AM to 4PM.

hobsonvillepoint.co.nz

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NEW HOMES COMING TO 14 NEIGHBOURHOODS

• One third will be more affordable - mainly KiwiBuild • First homes for sale this month • 8km from the CBD • Te Auaunga (Oakley Creek) walkway will provide green spine

T E PA N E O M ATA A H O M Ā N G E R E M O U N TA I N

MANUKAU HARBOUR

$895,000 Visit the Information Centre at 142 May Road.

Open daily from 10AM to 4PM.

roskilldevelopment.co.nz

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RANGITOTO

1,500

NEW HOMES COMING

• 188 homes built • 5km from the CBD • Northcote town centre to be fully redeveloped • Te Ara Awataha – a greenway for Northcote, will link parks and town centre

NORTH HEAD MAUNGAUIKA BROWNS ISLAND MOTUKOREA

WAITEMATA HARBOUR

$819,000

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1

Visit the Information Centre in the Northcote town centre.

Open Wed to Sun from 10AM to 4PM.

northcotedevelopment.co.nz

10,500

NEW HOMES COMING TO GLEN INNES, PT ENGLAND, PANMURE

• 7,000 homes (including affordable), plus 3,500 new state homes coming to the area • 12 minutes by train to the CBD • Panmure town centre will be renewed • Glen Innes town centre getting a makeover • The 11km Tāmaki Loop will link coast, parks and streets

MT WELLINGTON MAUNGAREI

$790,000 tamakiakl.co.nz/homes

10,000

NEW HOMES COMING

MT RICHMOND ŌTĀ H U H U

• First homes for sale this month • 1-bedroom apartments to 5-bedroom family homes being built • One third will be more affordable - mainly KiwiBuild • Parks upgraded to be more usable and beautiful • Mangere will get easier to move around, on foot or by car

$650,000 Visit the Information Centre at 12 Waddon Place.

Open Wed to Sat 10AM to 4PM.

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mangeredevelopment.co.nz

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1.5

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OneRoof.co.nz

BUYING AND SELLING

‘You have to be prepared to go to an auction and walk away not owning . . . this time’

The pros and cons of making pre-auction offers Daria Kuprienko

M

Bidders need to act fast but also be realistic about where prices are heading, writes CATHERINE SMITH

I

t’s no secret that auction activity around Auckland has heated up in the past three months — far more than the usual spring market up-tick.

Campbell Dunoon, Barfoot and Thompson’s Auction Manager, says would-be bidders need to move fast but accepts that prices under the hammer may move out of reach.

“You have to be prepared to go to an auction and walk away not owning — this time. It’s a matter of time and persistence,” he says.

“When I was buying my own house, it took me three attempts to get the property I wanted.”

On the upside, Dunoon points out that if there are lots of other people fighting it out for the same property, that’s a good sign for its future worth.

“If it’s that sought-after, it’s going to hold its value and there should be a similar amount of competition when you come to sell.”

He acknowledges that fastpaced auctions can be daunting to buyers but says the number of listings being sold by auction is on the rise. This month alone the company has so far auctioned 584 properties, of which 60 per cent sold under the hammer.

“There’s a lot of activity in the market, so people need to get ready for an auction,” he says.

“You have to have finance approved prior to the auction. I don’t ask people to skip their due diligence, but in the current climate you need to be prepared early, as vendors are entertaining early offers and bringing auctions forward.”

Dunoon advises buyers not to make the first auction they go to the one that really matters for the house of their dreams.

Instead, spend a few hours to get a feel for the tempo of an auction and how an auctioneer works — it’s easy to follow online at barfoot.co.nz/ auctions-live in real time or later at home.

The beauty of auctions, both

Dunoon and long-time Barfoot and Thompson North Shore auctioneer Tony Loughran say, is that the auction price is the best, most transparent measure of the market value at that time.

“The auction market keeps up with the property market,” says Loughran.

“I don’t know how many of these cycles I’ve been through but in a falling market no or low bids show the vendors the money is not there. In this market, it tells the vendor what their house is worth.”

Loughran says that in the rapidly rising cycle we’re in at the moment, agents are only guessing at values on a house.

“We had one recently for a development site. The reserve was $1.25 million. There were 100 at the auction and the bids went whizzing up to $1.615 million. It’s been happening a lot, I’d be way too scared to estimate a price just now.”

Loughran says buyers, particularly first home buyers, need to be realistic about their expectations in this market that they may not get their dream home this time around but they’ll get their foot on the property ladder, pay down the mortgage and then have more leverage to get into their next home.

Dunoon attributes the buoyant market as a result of not just the usual Kiwi passion for property but also the general sense of confidence in the country as a whole.

“Where else are you going to put your money? New Zealand is the best place to be at the moment in contrast to the rest of the world.”

Below, Dunoon gives six good reasons why people should consider auctions for their sales campaign: 1. Demonstrates vendors are serious “There is a strong argument to say that auctions show a willingness by the owner to sell,” says Dunoon, adding that an auction puts vendors in

Mentally, buyers have bought the house before they walk through the auction room doors.

control. “They set the reserve and possession date that suit their needs.”

2. Has a fast turn-around With auctions there is a finite selling period and the marketing campaign is concentrated, whereas negotiation is open-ended and could take weeks or months longer.

3. Gives a better sense of market price Auctions are an immediate show of market forces; the price buyers are willing to pay on the day.

“You set a reserve and the price the property reaches on the day or in subsequent negotiations gauges what the market is actually willing to pay.”

4. Flushes out cash buyers Cash is king in real estate. With an auction buyers are cash unconditional and once the deal is done they can’t back out: the house is sold when the hammer falls. It’s no wonder vendors love cash buyers. With

negotiation there can be complicated conditions attached to a sale. “Conditions create risk for the vendor,” says Dunoon. “If auctions don’t lead to sales, they will have at the very least flushed out the conditional buyers who can then be negotiated with.”

5. Creates a sense of urgency “With an auction there is a sense of urgency, which makes buyers show their hand. Buyers have to get themselves ready and they can’t afford to sit back. Auction day really does get the procrastinators to take action.”

6. Buyers may pay more Where auctions attract multiple bidders they create the conditions for customer competition. That in turn can lead to a premium price and sometimes vendors are pleasantly surprised with the outcome. Dunoon says that, mentally, buyers have bought the house before they walk through the auction room doors and will stretch further financially than they anticipated.

ore and more buyers are making preauction offers in the hope of scaring off the competition. And some of these offers are being made mere days after a home hits the market.

OneRoof talked to the experts about pros and cons of bringing forward an auction, and what they had to say was illuminating — for both buyers and sellers.

Barfoot and Thompson agent Aaron Foss said about half of his listings now get pre-auction offers. He recently received 10 emails in the space of one hour containing pre-auction offers.

He said buyers were increasingly looking for ways to avoid competing at auction.

“It’s their strategy to take it off the market but it’s not always fair to the vendors,” he said.

One of his recent listings, a four-bedroom house in Auckland’s St Heliers, sold under the hammer for $2.25m after just four days on the market. The buyer had placed the pre-auction offer that brought forward the bidding.

Ray White chief auctioneer John Bowring said that of 115 auctions last month, 20 per cent were brought forward. That’s abnormal; typically the figure is around 5 per cent.

He said that buyers were moving fast and were increasingly making offers after the first weekend of open homes.

“For a vendor, it’s comforting to accept a preauction offer, knowing no matter what they’ll get that price. For example, if the preauction offer is $1.5m but the bidding finishes at $1.58m, then that $80,000 will make the vendors really happy.”

However, in a hot market, holding off might be a better strategy. “If I were selling in current market conditions, I’d be continuing to the auction date. I might have three potential buyers in the first week but imagine what another two and a half weeks of open homes could bring — I might have 12 buyers.”

Bayleys Remuera agent Gary Wallace said a good pre-auction offer often helped get a buyer one step closer to securing a property. He recently marketed a property at 69 Benson Rd, Remuera, with his wife Vicki and son Andrew. It sold under the hammer after just one week on the market. The buyers’ preauction offer of $2.75m, made after their first open home visit, blew the three other bidders at auction out of the water and the house eventually ended up selling for that amount.

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16

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HOUSE PRICE INDE X

Is your suburb rising or falling?

What the numbers mean The OneRoof Property Report suburb valuation tables, powered

by Valocity, show the latest median value for every suburb in New Zealand.

The tables are arranged by region from north to south (with the towns, districts and suburbs within each region shown in alphabetical order).

The tables show the current median property value and the median value 12 months before for each suburb.They also give the dollar figure of the suburb’s highest settled sale in the last six months. We have marked with a “–” where the data is incomplete or insufficient to give an accurate figure.

The OneRoof-Valocity house price index measures the change in median values since March 25, the day before the country went into lockdown. Where sales volumes are too small to measure with accuracy change on the index at a suburb level we have

LOCATION

LATEST MEDIAN $ VALUE

given the figure for the Territorial Authority.

Together these figures are a good indication of what buyers can expect to pay for a home in each suburb and how hot or cold each location is.

● The tables use an automated valuation model (AVM) to provide the latest values for every suburb in New Zealand.The AVM takes into account recorded property attributes and historical market property sales data to estimate the value of every residential property in a suburb.The model is intended to provide an estimate of value at the date it was run. ● Hold your phone camera over the code to find out more information about your suburb and how it compares to the rest of New Zealand.

MEDIAN VALUE 12 MONTHS AGO

BIGGEST SALE IN THE LAST SIX MONTHS

ONEROOF— VALOCITY HOUSE PRICE INDEX

NORTH ISLAND NORTHLAND FAR NORTH AHIPARA AWANUI BROADWOOD CABLE BAY COOPERS BEACH HARURU HEREKINO HIHI HOREKE HOUHORA KAEO KAIKOHE KAINGAROA KAITAIA KARIKARI PENINSULA KAWAKAWA KERIKERI KOHUKOHU LAKE OHIA MANGONUI MAROMAKU MOEREWA NGATAKI NGAWHA SPRINGS OHAEAWAI OKAIHAU OKIATO OMAPERE OPONONI OPUA OROMAHOE OUE PAEWHENUA ISLAND PAIHIA PAKARAKA PERIA PUKENUI RAWENE RAWHITI RUSSELL TAIPA TAKAHUE TAUPO BAY TE TII TOTARA NORTH UMAWERA WAIHARARA WAIMA WAIMAMAKU

$405,000 $370,000 $175,000 $540,000 $527,500 $590,000 $255,000 $440,000 $285,000 $465,000 $525,000 $220,000 $405,000 $290,000 $455,000 $310,000 $720,000 $157,500 $490,000 $505,000 $525,000 $635,000 $400,000 $437,500 $665,000 $510,000 $515,000 $440,000 $375,000 $665,000 $655,000 $280,000 $900,000 $500,000 $687,500 $342,500 $487,500 $350,000 $1,185,000 $907,500 $475,000 $410,000 $710,000 $905,000 $562,500 $395,000 $492,500 $255,000 $272,500

$385,000 $440,000 $177,500 $507,500 $575,000 $570,000 $190,000 $450,000 $280,000 $360,000 $475,000 $200,000 $375,000 $240,000 $455,000 $320,000 $705,000 – $450,000 $495,000 $425,000 $125,000 $275,000 $360,000 $635,000 $565,000 $460,000 $417,500 $375,000 $610,000 $600,000 $265,000 $990,000 $525,000 $642,500 $305,000 $400,000 $315,000 $690,000 $765,000 $415,000 $307,500 $680,000 $855,000 $580,000 – $395,000 $245,000 $277,500

$1,122,000 $530,000 $350,000 $639,000 $1,135,000 $1,515,000 $362,000 $470,000 $125,000 – $1,650,000 $649,000 $760,000 $699,000 $1,810,000 $450,000 $1,700,000 – – $930,000 $250,000 $450,000 $255,000 – – $653,000 $500,000 $485,000 $448,000 $782,000 – – – $1,000,000 $1,050,000 $365,000 $410,000 $520,000 $600,000 $2,550,000 $690,000 $520,000 $580,000 $3,700,000 $470,000 $210,000 $377,500 – –

4.3% 4.3% 4.3% -2.1% 4.3% 4.3% 4.3% 4.3% 4.3% 4.3% 4.3% 4.3% 4.3% -2.0% 4.3% 4.3% 2.8% 4.3% 4.3% 4.3% 4.3% 4.3% 4.3% 4.3% 4.3% 4.3% 4.3% 4.3% 4.3% 4.3% 4.3% 4.3% 4.3% 0.2% 4.3% 4.3% 4.3% 4.3% 4.3% 4.3% 4.3% 4.3% 4.3% 4.3% 4.3% 4.3% 4.3% 4.3% 4.3%

LATEST MEDIAN $ VALUE

MEDIAN VALUE 12 MONTHS AGO

BIGGEST SALE IN THE LAST SIX MONTHS

ONEROOF— VALOCITY HOUSE PRICE INDEX

WAIMATE NORTH WAIPAPA WAIPAPAKAURI WHANGAROA

$800,000 $750,000 $332,500 $565,000

$745,000 $755,000 $265,000 $690,000

$950,000 $1,355,000 – $970,000

4.3% 4.3% 4.3% 4.3%

KAIPARA ARANGA ARAPOHUE ARATAPU AWAKINO POINT BAYLYS BEACH BRYNDERWYN DARGAVILLE HAKARU KAIHU KAIWAKA MAHUTA MAMARANUI MANGAWHAI MANGAWHAI HEADS MARERETU MATAKOHE MAUNGATUROTO OMAMARI PAHI PAPAROA PARORE POUTO RUAWAI TANGITERORIA TANGOWAHINE TE KOPURU TINOPAI TOPUNI TURIWIRI WHAKAPIRAU

$350,000 $425,000 $465,000 $570,000 $467,500 $725,000 $340,000 $692,500 $350,000 $582,500 $567,500 $375,000 $830,000 $830,000 $375,000 $410,000 $465,000 $450,000 $547,500 $470,000 $482,500 $385,000 $295,000 $545,000 $465,000 $280,000 $380,000 $615,000 $480,000 $645,000

$455,000 $455,000 $552,500 $495,000 $410,000 $730,000 $330,000 $725,000 $330,000 $585,000 $525,000 $340,000 $785,000 $775,000 – $665,000 $455,000 $372,500 – $735,000 $445,000 – $260,000 $552,500 $380,000 $185,000 $397,500 $610,000 $525,000 $575,000

$260,000 $459,000 $255,000 $475,000 $495,000 $652,000 $530,000 $935,000 – $825,000 – $440,000 $2,075,000 $1,740,000 – – $1,094,000 $473,421 $650,000 $897,500 $445,000 – $450,000 – $470,000 $628,000 $464,500 – $900,000 $400,000

-0.7% -0.7% -0.7% -0.7% -0.7% -0.7% -2.1% -0.7% -0.7% -0.7% -0.7% -0.7% 0.2% -2.7% -0.7% -0.7% -0.7% -0.7% -0.7% -0.7% -0.7% -0.7% -0.7% -0.7% -0.7% -0.7% -0.7% -0.7% -0.7% -0.7%

$755,000 $450,000 $830,000 $400,000 $525,000 $475,000 $565,000 $825,000 $495,000 $640,000 $795,000 $1,565,000 $640,000 $642,500 $937,500

$735,000 $415,000 $840,000 $380,000 $460,000 $590,000 $520,000 $865,000 $445,000 $665,000 $725,000 $1,545,000 $600,000 $642,500 $905,000

– $750,000 $1,200,000 $675,000 $692,000 $830,000 $1,390,000 $888,000 $735,000 $720,000 – $2,020,000 $890,000 – $1,800,000

-2.9% 5.2% -2.9% -2.9% -2.9% -2.9% -2.5% -2.9% 1.3% -2.9% -2.9% -2.9% -2.9% -2.9% -2.9%

LOCATION

WHANGAREI ABBEY CAVES AVENUES GLENBERVIE HIKURANGI HORAHORA HUKERENUI KAMO KAURI KENSINGTON KIRIPAKA KOKOPU LANGS BEACH MANGAPAI MATA MATAPOURI

OneRoof.co.nz

LOCATION MATARAU MAUNGAKARAMEA MAUNGATAPERE MAUNU MORNINGSIDE NGARARATUNUA NGUNGURU OAKLEIGH OAKURA ONE TREE POINT ONERAHI OPUAWHANGA OTAIKA OTANGAREI PARAHAKI PARAKAO PARUA BAY PATAUA NORTH PATAUA SOUTH PIPIWAI POROTI PORT WHANGAREI PORTLAND PURUA PUWERA RAUMANGA REGENT RIPONUI RIVERSIDE RUAKAKA RUATANGATA WEST SPRINGFIELD TAIHARURU TAMATERAU TIKIPUNGA TITOKI TUTUKAKA WAIOTIRA WAIPU WHAKAPARA WHANANAKI WHANGAREI HEADS WHANGARURU WHAREORA WHAU VALLEY WHEKI VALLEY WOODHILL

LATEST MEDIAN $ VALUE

MEDIAN VALUE 12 MONTHS AGO

BIGGEST SALE IN THE LAST SIX MONTHS

ONEROOF— VALOCITY HOUSE PRICE INDEX

$777,500 $637,500 $835,000 $720,000 $430,000 $822,500 $780,000 $622,500 $830,000 $780,000 $520,000 $605,000 $655,000 $270,000 $575,000 $425,000 $777,500 $835,000 $625,000 $395,000 $790,000 $590,000 $445,000 $627,500 $730,000 $380,000 $552,500 $480,000 $605,000 $640,000 $760,000 $605,000 $1,190,000 $820,000 $450,000 $505,000 $835,000 $357,500 $820,000 $610,000 $822,500 $775,000 $760,000 $905,000 $525,000 $660,000 $480,000

$820,000 $595,000 $775,000 $690,000 $420,000 $715,000 $780,000 $585,000 $685,000 $720,000 $465,000 $580,000 $620,000 $230,000 $510,000 $390,000 $750,000 $682,500 $567,500 $350,000 $742,500 $625,000 $405,000 $542,500 $680,000 $352,500 $490,000 $520,000 $565,000 $610,000 $695,000 $575,000 $855,000 $785,000 $420,000 $495,000 $845,000 $285,000 $770,000 $612,500 $875,000 $730,000 $625,000 $722,500 $467,500 $585,000 $450,000

$870,000 $725,000 $1,135,000 $1,250,000 $500,000 $1,515,000 $810,000 – $1,600,000 $1,000,000 $850,000 – $790,000 $347,000 $622,500 $546,500 $1,260,000 $1,250,000 $1,385,000 – $995,000 $743,000 $1,125,000 – – $535,000 $816,500 $395,000 $730,000 $1,025,000 $995,000 $630,000 – $1,015,000 $745,000 $628,000 $1,550,000 – $1,595,000 – $780,000 $1,260,000 $1,180,000 $885,500 $689,000 $650,000 $647,000

-2.9% -2.9% -2.9% 3.5% -2.9% -2.9% -2.9% -2.9% -2.9% -0.1% 3.8% -2.9% -2.9% -2.9% -2.9% -2.9% -2.9% -2.9% -2.9% -2.9% -2.9% -2.9% -2.9% -2.9% -2.9% 5.7% -2.9% -2.9% -2.9% 7.5% 2.6% -2.9% -2.9% -2.9% 0.4% -2.9% -2.9% -2.9% 5.1% -2.9% -2.9% -2.9% -2.9% -2.9% -3.7% -2.9% -2.9%

$480,000 $830,000 $990,000 $615,000 $1,055,000 $1,815,000 $1,200,000 $985,000 $1,670,000 $515,000 $665,000 $1,410,000 $1,535,000 $2,592,500 $1,145,000 $1,285,000 $1,580,000 $1,015,000 $1,370,000 $1,520,000 $1,160,000 $1,065,000 $1,535,000 $985,000 $830,000 $995,000 $680,000 $1,080,000 $935,000 $1,705,000 $680,000 $827,500 $1,435,000 $960,000 $1,545,000 $985,000 $1,925,000 $360,000 $1,785,000

$450,000 $810,000 $915,000 $620,000 $970,000 $1,685,000 $1,155,000 $930,000 $1,490,000 $480,000 $520,000 $1,315,000 $1,400,000 $2,510,000 $1,035,000 $1,175,000 $1,520,000 $967,500 $1,275,000 $1,465,000 $1,055,000 $1,030,000 $1,360,000 $930,000 $800,000 $930,000 $690,000 $975,000 $860,000 $1,535,000 $630,000 $810,000 $1,325,000 $915,000 $1,410,000 $900,000 $1,695,000 – $1,770,000

$1,625,000 $1,505,000 $2,650,000 $900,000 $1,680,000 $8,500,000 $4,100,000 $1,650,000 $6,250,000 $2,305,000 $770,000 $3,060,000 $3,995,000 $4,410,000 $1,628,000 $1,910,000 $3,650,000 $2,010,000 $2,750,000 $4,200,000 $3,050,000 $3,050,000 $4,000,000 $1,700,000 $1,750,000 $1,690,000 $1,850,000 $1,527,000 $1,950,000 $4,800,000 $1,200,000 $1,601,000 $4,920,000 $1,329,000 $4,600,000 $1,360,000 $3,375,000 – $8,000,000

-4.1% 1.0% -0.5% 2.1% -1.6% 1.5% 4.9% 4.8% 3.5% 0.9% 4.8% -1.5% 8.7% 5.5% 3.0% 10.2% -2.1% 4.8% -2.4% -2.6% -2.0% 3.5% -0.7% 1.4% 6.6% 14.4% 4.8% 1.3% 6.8% -0.6% 12.0% 4.4% 0.3% 4.8% -1.3% 4.8% 8.6% 4.8% 2.6%

AUCKLAND AUCKLAND — CITY AUCKLAND CENTRAL AVONDALE BLOCKHOUSE BAY EDEN TERRACE ELLERSLIE EPSOM FREEMANS BAY GLEN INNES GLENDOWIE GRAFTON GREAT BARRIER ISLAND (AOTEA ISL) GREENLANE GREY LYNN HERNE BAY HILLSBOROUGH KINGSLAND KOHIMARAMA LYNFIELD MEADOWBANK MISSION BAY MORNINGSIDE MOUNT ALBERT MOUNT EDEN MOUNT ROSKILL MOUNT WELLINGTON NEW WINDSOR NEWMARKET ONE TREE HILL ONEHUNGA ORAKEI OTAHUHU PANMURE PARNELL PENROSE POINT CHEVALIER POINT ENGLAND PONSONBY RAKINO ISLAND REMUERA

17

LATEST MEDIAN $ VALUE

MEDIAN VALUE 12 MONTHS AGO

BIGGEST SALE IN THE LAST SIX MONTHS

ONEROOF— VALOCITY HOUSE PRICE INDEX

ROYAL OAK SAINT JOHNS SAINT MARYS BAY SANDRINGHAM ST HELIERS STONEFIELDS THREE KINGS WAI O TAIKI BAY WATERVIEW WESLEY WESTMERE

$1,185,000 $1,230,000 $2,355,000 $1,215,000 $1,530,000 $1,340,000 $1,005,000 $1,267,500 $910,000 $900,000 $1,880,000

$1,095,000 $1,135,000 $2,205,000 $1,105,000 $1,495,000 $1,345,000 $957,500 $1,230,000 $900,000 $910,000 $1,615,000

$1,620,000 $1,980,000 $3,900,000 $1,850,000 $4,080,000 $1,445,000 $1,610,000 $1,102,000 $1,560,000 $1,430,000 $2,750,000

2.4% 3.9% 4.8% -4.1% 6.2% -1.7% 5.2% 4.8% -1.3% 4.8% 1.8%

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

$1,075,000 $570,000 $1,140,000 $820,000 $937,500 $1,170,000 $925,000 $1,250,000 $710,000 $1,105,000 $930,000 $885,000 $800,000 $690,000 $1,250,000 $1,660,000 $1,347,500 $655,000

$1,205,000 $550,000 $1,085,000 $785,000 $935,000 $925,000 $855,000 $1,145,000 $700,000 $1,145,000 $992,500 $865,000 $755,000 $655,000 $1,315,000 $1,232,500 $1,265,000 $620,000

$1,065,000 $1,200,000 $2,150,000 $1,330,000 $1,080,000 $1,800,000 $1,085,000 $1,585,000 $790,000 $1,800,000 – $1,370,000 $1,030,000 $1,750,000 $1,470,000 $2,380,000 $1,950,000 $1,535,000

1.8% 1.8% 1.8% 1.8% 0.0% 1.8% 1.8% 1.8% 1.8% 1.8% 1.8% 1.8% 1.8% 4.4% 1.8% 1.8% 1.8% 1.2%

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

$1,750,000 $1,205,000 $1,040,000 $1,625,000 $1,262,500 $950,000 $600,000 $1,555,000 $680,000 $1,250,000 $1,495,000 $1,010,000 $1,320,000 $1,480,000 $1,325,000 $720,000 $1,130,000 $1,085,000 $880,000 $1,200,000 $950,000 $1,010,000 $1,070,000 $845,000 $725,000 $985,000 $700,000 $515,000 $655,000 $645,000 $1,240,000 $1,535,000 $1,460,000 $1,190,000 $465,000 $605,000 $985,000 $985,000 $735,000 $642,500 $2,047,500 $1,210,000 $1,255,000 $1,275,000 $1,070,000 $835,000 $1,665,000 $870,000 $670,000 $2,380,000 $600,000

$725,000 $1,165,000 $950,000 $1,590,000 $1,170,000 $900,000 $545,000 $1,247,500 $635,000 $1,190,000 $1,350,000 $945,000 $1,235,000 $1,422,500 $1,205,000 $665,000 $1,070,000 $1,032,500 $820,000 $1,100,000 $865,000 $915,000 $1,025,000 $865,000 $655,000 $935,000 $635,000 $490,000 $620,000 $605,000 $1,170,000 $1,450,000 $1,097,500 $1,122,500 $485,000 $565,000 $900,000 $895,000 $700,000 $585,000 $1,745,000 $1,125,000 $1,150,000 $1,140,000 $980,000 $795,000 $1,525,000 $805,000 $640,000 $2,405,000 $550,000

$3,110,000 $2,140,000 $1,305,000 $2,050,000 $2,180,088 $1,235,000 $825,500 $1,900,000 $1,120,000 $2,570,000 $2,080,000 $1,320,000 $1,487,500 $2,270,000 $1,630,500 $847,000 $2,880,000 $1,757,000 $1,165,000 $1,850,000 $1,192,000 $2,145,000 $1,205,000 $1,560,000 $1,000,000 $1,895,000 $920,000 $1,050,000 $1,337,000 $845,000 $1,240,000 $2,580,000 – $1,625,000 $650,000 $840,000 $2,000,000 $1,270,000 $1,920,000 $915,000 $1,390,000 $1,195,000 $1,758,000 $2,450,000 $1,410,000 $1,240,000 $1,860,000 $1,180,000 $1,425,000 $2,350,000 $775,000

6.0% 1.8% 5.6% 6.0% 0.4% 6.0% -1.3% 6.0% 8.1% -3.9% 6.0% -2.4% 1.1% 6.0% 6.0% -0.2% -1.8% 6.0% 2.3% 2.4% -1.8% -2.3% 6.0% 6.0% 3.0% -0.7% 0.6% 6.0% 5.4% 1.1% 6.0% -5.3% 6.0% 2.1% 6.0% 5.6% 14.4% -1.5% 2.5% -2.1% 6.0% 1.5% -1.8% -2.6% -4.1% 6.0% 6.0% 4.0% 8.1% 6.0% 6.0%

NORTH SHORE ALBANY ALBANY HEIGHTS BAYSWATER BAYVIEW

$1,035,000 $1,055,000 $1,235,000 $835,000

$1,015,000 $1,070,000 $1,150,000 $805,000

$1,500,000 $1,530,000 $2,000,000 $1,315,000

-3.8% -3.5% 2.6% 0.8%

LOCATION

18

OneRoof.co.nz

LATEST MEDIAN $ VALUE

MEDIAN VALUE 12 MONTHS AGO

BIGGEST SALE IN THE LAST SIX MONTHS

ONEROOF— VALOCITY HOUSE PRICE INDEX

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 WINDSOR PARK

$860,000 $1,130,000 $820,000 $1,015,000 $1,070,000 $1,790,000 $1,530,000 $1,260,000 $1,665,000 $1,345,000 $1,240,000 $880,000 $1,350,000 $1,375,000 $1,095,000 $1,495,000 $1,570,000 $1,485,000 $1,270,000 $1,392,500 $1,470,000 $1,075,000 $1,340,000 $1,015,000 $1,245,000 $960,000 $1,385,000 $1,430,000 $910,000 $1,305,000 $1,435,000 $1,820,000 $1,045,000 $1,355,000 $1,020,000 $885,000 $970,000 $1,225,000 $1,135,000

$815,000 $1,050,000 $790,000 $945,000 $1,000,000 $1,692,500 $1,430,000 $1,175,000 $1,565,000 $1,345,000 $1,120,000 $835,000 $1,295,000 $1,315,000 $987,500 $1,405,000 $1,730,000 $1,410,000 $1,180,000 $1,320,000 $1,387,500 $1,005,000 $1,275,000 $950,000 $1,075,000 $930,000 $1,340,000 $1,360,000 $882,500 $1,235,000 $1,385,000 $1,670,000 $970,000 $1,255,000 $975,000 $830,000 $935,000 $1,155,000 $1,077,500

$1,372,000 $2,340,000 $1,235,000 $1,950,000 $1,606,000 $2,380,000 $2,325,000 $1,950,000 $3,750,000 $1,650,000 $1,730,000 $1,407,000 $3,725,000 $3,000,000 $1,730,000 $2,210,000 $1,658,000 $2,600,000 $2,700,000 $2,355,000 $4,700,000 $1,840,000 $2,470,000 $1,500,000 $4,500,000 $2,230,000 $2,750,000 $1,895,000 $1,750,000 $2,620,000 $1,800,000 $2,800,000 $1,555,000 $7,900,000 $2,300,000 $1,400,000 $1,326,000 $2,000,000 $1,630,000

-1.7% 1.7% -2.2% -5.2% 0.5% 2.6% -7.7% 2.6% 1.7% 2.6% 3.4% -0.1% 6.6% 1.8% 2.6% -1.1% 2.6% -9.2% 10.9% -0.1% -4.6% 9.8% 7.2% 2.4% 2.6% 1.7% 2.6% -2.5% 2.6% 9.6% -4.5% 2.6% 0.6% -2.2% -1.3% 1.5% -0.9% 2.6% 2.6%

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

$3,877,500 $840,000 $792,500 $1,205,000 $770,000 $780,000 $645,000 $625,000 $660,000 $775,000

$1,535,000 $795,000 $705,000 $1,190,000 $720,000 $735,000 $605,000 $565,000 $585,000 $730,000

$3,000,000 $1,540,000 $2,435,000 $2,700,000 $1,460,000 $1,167,000 $1,240,000 $899,000 $997,500 $2,100,000

3.9% 0.4% 3.9% 3.7% 11.1% 3.2% 3.9% -0.4% 5.9% 6.9%

RODNEY ALGIES BAY ARKLES BAY ARMY BAY BIG OMAHA COATESVILLE DAIRY FLAT DOME FOREST GLORIT GULF HARBOUR HATFIELDS BEACH HELENSVILLE HUAPAI KAIPARA FLATS KAUKAPAKAPA KUMEU LEIGH MAHURANGI EAST MAHURANGI WEST MAKARAU MANLY MATAKANA MATAKATIA MURIWAI OMAHA OREWA PARAKAI POHUEHUE POINT WELLS PORT ALBERT PUHOI RED BEACH REDVALE RIVERHEAD SANDSPIT SHELLY BEACH SILVERDALE SNELLS BEACH

$945,000 $905,000 $895,000 $1,655,000 $2,345,000 $2,035,000 $1,062,500 $855,000 $830,000 $830,000 $825,000 $1,000,000 $1,080,000 $1,155,000 $1,135,000 $885,000 $1,160,000 $1,305,000 $965,000 $870,000 $1,190,000 $1,180,000 $1,040,000 $1,690,000 $930,000 $640,000 $1,105,000 $1,320,000 $785,000 $1,095,000 $950,000 $2,110,000 $1,225,000 $1,210,000 $800,000 $1,145,000 $770,000

$930,000 $845,000 $855,000 $1,650,000 $2,240,000 $1,870,000 $1,195,000 $890,000 $800,000 $780,000 $805,000 $915,000 $1,185,000 $1,165,000 $1,040,000 $825,000 $1,140,000 $1,665,000 $1,005,000 $810,000 $1,185,000 $1,095,000 $1,090,000 $1,540,000 $905,000 $570,000 $1,227,500 $1,247,500 $545,000 $1,280,000 $905,000 $1,995,000 $1,150,000 $1,030,000 $960,000 $1,105,000 $735,000

$950,000 $950,000 $2,222,000 $1,257,500 $1,550,000 $2,660,000 – $1,340,000 $3,100,000 $1,015,000 $2,315,000 $1,199,000 – $1,310,000 $1,900,000 $2,325,000 $2,100,000 – $1,325,000 $1,480,000 $1,900,000 $925,000 $965,000 $4,830,000 $3,250,000 $730,000 $2,400,000 $1,845,000 – $1,260,000 $1,916,500 $2,035,000 $2,350,000 $2,735,000 $630,000 $1,820,000 $1,175,000

5.2% 5.2% 5.2% 5.2% 5.2% 5.2% 5.2% 5.2% 5.3% -0.4% -3.6% 5.2% 5.2% 5.2% -5.1% 5.2% 5.2% 5.2% 5.2% -4.6% 5.2% 5.2% 5.2% 5.2% 4.7% 5.2% 5.2% 5.2% 5.2% 5.2% 1.7% 5.2% 5.2% 5.2% 5.2% 2.7% 5.3%

LOCATION

LATEST MEDIAN $ VALUE

MEDIAN VALUE 12 MONTHS AGO

BIGGEST SALE IN THE LAST SIX MONTHS

ONEROOF— VALOCITY HOUSE PRICE INDEX

SOUTH HEAD STANMORE BAY STILLWATER TAHEKEROA TAPORA TAUPAKI TAWHARANUI PENINSULA TE ARAI TE HANA TI POINT TINDALLS BEACH TOMARATA WADE HEADS WAIMAUKU WAINUI WAITOKI WARKWORTH WELLSFORD WHANGARIPO WHANGATEAU WHAREHINE

$1,020,000 $810,000 $805,000 $950,000 $610,000 $1,552,500 $1,255,000 $1,010,000 $812,500 $905,000 $1,240,000 $1,012,500 $890,000 $1,300,000 $1,525,000 $1,752,500 $835,000 $605,000 $825,000 $1,010,000 $1,030,000

$1,115,000 $760,000 $970,000 $850,000 $735,000 $1,705,000 $1,067,500 $882,500 $580,000 $885,000 $1,110,000 $997,500 $800,000 $1,220,000 $1,705,000 $1,795,000 $840,000 $565,000 $882,500 $995,000 $655,000

$1,950,000 $1,815,000 $1,150,000 $900,000 $590,000 $1,950,000 $2,200,000 – $370,000 $860,000 $1,715,000 – $1,540,000 $2,555,000 $2,345,000 $2,700,000 $1,992,500 $912,000 $937,500 $820,000 –

5.2% -0.1% 5.2% 5.2% 5.2% 5.2% 5.2% 5.2% 5.2% 5.2% 5.2% 5.2% 5.2% 5.2% 5.2% 5.2% 3.6% 5.2% 5.2% 5.2% 5.2%

WAIHEKE ISLAND OMIHA ONEROA ONETANGI OSTEND PALM BEACH SURFDALE WAIHEKE ISLAND

$777,500 $1,182,500 $1,005,000 $870,000 $1,250,000 $930,000 $1,110,000

$785,000 $1,115,000 $975,000 $850,000 $1,132,500 $915,000 $1,035,000

$1,650,000 $1,749,000 $2,605,000 $1,785,000 $2,220,000 $1,500,000 $6,500,000

4.8% -4.8% 4.8% 4.8% 4.8% 9.0% 4.8%

WAITAKERE 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

$842,500 $945,000 $765,000 $785,000 $895,000 $805,000 $920,000 $1,177,500 $935,000 $740,000 $785,000 $785,000 $845,000 $775,000 $780,000 $917,500 $860,000 $987,500 $725,000 $755,000 $880,000 $975,000 $830,000 $915,000 $895,000 $1,050,000 $1,025,000 $855,000 $1,030,000

$827,500 $882,500 $715,000 $735,000 $860,000 $760,000 $870,000 $1,070,000 $890,000 $710,000 $677,500 $730,000 $810,000 $725,000 $750,000 $925,000 $825,000 $930,000 $660,000 $710,000 $850,000 $915,000 $805,000 $875,000 $832,500 $1,010,000 $985,000 $822,500 $990,000

– $825,000 $1,405,000 $997,500 $1,710,000 $2,260,000 $1,500,000 $922,500 $1,460,000 $835,000 $1,600,000 $975,000 $1,220,000 $2,100,000 $1,585,000 $2,125,000 $812,000 $1,235,000 $1,310,000 $1,030,000 $1,460,000 $1,718,000 $1,550,000 $2,200,000 $1,780,000 $1,125,000 $2,015,000 $979,000 $1,307,000

3.5% 3.5% 6.1% 11.1% -3.6% 4.1% 3.5% 3.5% 0.5% 3.5% 3.5% 3.5% 3.5% 7.8% 1.3% 3.5% 3.5% 3.5% 2.2% 7.8% -0.4% 2.1% 3.0% -4.7% 3.5% 3.5% 8.0% -4.5% -1.9%

$475,000 $750,000 $675,000 $975,000 $640,000 $725,000 $605,000 $535,000 $580,000 $470,000 $545,000 $590,000 $635,000 $855,000 $595,000 $480,000 $600,000 $730,000 $600,000 $585,000 $700,000 $870,000 $645,000 $825,000 $560,000 $530,000

$425,000 $705,000 $620,000 $1,000,000 $580,000 $660,000 $545,000 $485,000 $520,000 $420,000 $490,000 $545,000 $572,500 $805,000 $540,000 $425,000 $550,000 $670,000 $565,000 $530,000 $635,000 $820,000 $600,000 $790,000 $515,000 $475,000

$538,852 $920,000 $1,700,000 – $875,000 $865,000 $788,000 $635,000 $825,000 $906,000 $1,355,000 $805,000 $730,000 $1,800,000 $748,000 $1,540,000 $1,468,000 $840,000 $1,330,000 $1,025,000 $860,000 $1,360,000 $972,000 $1,140,000 $772,000 $710,000

4.7% 4.7% 4.7% 4.7% 5.0% 4.7% -0.4% 4.7% 4.2% 7.3% 3.9% 4.6% 4.7% -3.1% -0.8% 4.6% 4.5% 0.0% 4.7% 4.2% 4.7% 4.7% 1.2% 2.4% -1.6% 5.7%

LOCATION

WAIKATO HAMILTON BADER BAVERSTOCK BEERESCOURT BURBUSH CHARTWELL CHEDWORTH CLAUDELANDS DEANWELL DINSDALE ENDERLEY FAIRFIELD FAIRVIEW DOWNS FITZROY FLAGSTAFF FOREST LAKE FRANKTON GLENVIEW GRANDVIEW HEIGHTS HAMILTON CENTRAL HAMILTON EAST HAMILTON LAKE HARROWFIELD HILLCREST HUNTINGTON MAEROA MELVILLE

OneRoof.co.nz

LATEST MEDIAN $ VALUE

MEDIAN VALUE 12 MONTHS AGO

BIGGEST SALE IN THE LAST SIX MONTHS

ONEROOF— VALOCITY HOUSE PRICE INDEX

$525,000 $1,095,000 $625,000 $765,000 $732,500 $795,000 $830,000 $685,000 $620,000 $592,500 $655,000 $790,000 $495,000

$455,000 $1,055,000 $570,000 $695,000 $660,000 $740,000 $770,000 $660,000 $555,000 $550,000 $605,000 $725,000 $455,000

$850,000 $1,265,000 $1,410,000 $920,000 $1,220,000 $1,085,000 $1,117,000 – $1,330,000 $690,000 $1,350,000 $895,000 $665,000

10.3% 4.7% 2.4% 4.7% 4.7% 5.0% 3.8% 4.7% 5.2% 4.7% 4.7% 4.7% 0.0%

$460,000 $562,500 $465,000 $365,000 $680,000 $867,500 $570,000 $495,000 $747,500 $410,000 $605,000 $492,500 $545,000 $470,000 $572,500 $652,500 $775,000 $645,000

$515,000 $545,000 $570,000 $345,000 $755,000 $597,500 $532,500 $495,000 $720,000 $380,000 $670,000 $550,000 $515,000 $425,000 $610,000 $475,000 $745,000 $630,000

$735,000 $860,000 $550,000 $620,000 $785,000 $800,000 – $668,000 $641,500 $1,225,000 – $870,000 $420,000 $1,060,000 $871,500 – $1,050,000 $1,545,000

2.1% 2.1% 2.1% 2.1% 2.1% 2.1% 2.1% 2.1% 2.1% 4.0% 2.1% 2.1% 2.1% 10.6% 2.1% 2.1% 2.1% 2.1%

$610,000 $625,000 $727,500 $550,000 $560,000 $827,500 $1,000,000 $772,500 $680,000 $515,000 $515,000 $590,000 $470,000 $635,000 $782,500 $700,000 $250,000 $470,000 $715,000

$630,000 $720,000 $657,500 $520,000 $520,000 $810,000 $952,500 $780,000 – $550,000 $495,000 $530,000 $445,000 $690,000 $742,500 $630,000 $225,000 $422,500 $315,000

– – – $1,700,000 $1,120,000 $535,000 $945,000 – $620,000 – $451,500 – $1,100,000 $1,450,000 $520,000 $810,000 $1,550,000 $540,000 $450,000

1.5% 1.5% 1.5% 2.5% 0.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 4.4% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5%

OTOROHANGA HAUTURU HONIKIWI KAWHIA OTOROHANGA PUKETOTARA TE KAWA TIHIROA WAIKERIA WHAREPUHUNGA

$530,000 $600,000 $400,000 $405,000 $760,000 $625,000 $660,000 $560,000 $695,000

– $505,000 $405,000 $370,000 $715,000 $685,000 $590,000 $602,500 $710,000

– $600,000 $500,000 $1,050,000 $1,150,000 $800,000 – – $685,000

4.9% 4.9% 4.9% 4.9% 4.9% 4.9% 4.9% 4.9% 4.9%

SOUTH WAIKATO ARAPUNI KINLEITH LICHFIELD NGATIRA OKOROIRE PUTARURU TAPAPA TIRAU TOKOROA WAOTU WILTSDOWN

$477,500 $697,500 $690,000 $720,000 $720,000 $377,500 $667,500 $460,000 $285,000 $710,000 $640,000

$380,000 $760,000 $540,000 $740,000 $685,000 $345,000 $620,000 $385,000 $250,000 $600,000 $707,500

$450,000 – $930,000 $662,500 $890,000 $715,000 – $728,500 $745,000 $712,000 $780,000

1.8% 1.8% 1.8% 1.8% 1.8% 0.7% 1.8% 1.8% 1.6% 1.8% 1.8%

TAUPO ACACIA BAY BROADLANDS FOREST HATEPE HILLTOP KINLOCH KURATAU MANGAKINO MAROTIRI MAUNGANAMU MOTUOAPA

$845,000 $740,000 $390,000 $565,000 $830,000 $500,000 $295,000 $710,000 $985,000 $520,000

$780,000 $675,000 $445,000 $545,000 $735,000 $485,000 $240,000 $595,000 $797,500 $460,000

$1,860,000 $650,000 – $950,000 $1,750,000 $745,000 $350,000 – $1,180,000 $620,000

-4.4% 1.9% 1.9% 6.5% -0.1% 1.3% 1.9% 1.9% 1.9% 1.9%

LOCATION NAWTON PEACOCKE PUKETE QUEENWOOD RIVERLEA ROTOTUNA ROTOTUNA NORTH RUAKURA SAINT ANDREWS SILVERDALE TEMPLE VIEW WESTERN HEIGHTS WHITIORA HAURAKI AWAITI KAIAUA KARANGAHAKE KEREPEHI KOMATA MANGATARATA NETHERTON NGATEA ORONGO PAEROA PATETONGA PIPIROA TURUA WAIHI WAIKINO WAITAKARURU WHAKATIWAI WHIRITOA MATAMATA-PIAKO HOE-O-TAINUI MANAWARU MANGATEPARU MATAMATA MORRINSVILLE MOTUMAOHO OKAUIA OTWAY RICHMOND DOWNS SPRINGDALE TAHUNA TATUANUI TE AROHA TE AROHA WEST TE POI TURANGAOMOANA WAHAROA WAIHOU WAITOA

19

LATEST MEDIAN $ VALUE

MEDIAN VALUE 12 MONTHS AGO

BIGGEST SALE IN THE LAST SIX MONTHS

ONEROOF— VALOCITY HOUSE PRICE INDEX

$605,000 $485,000 $900,000 $490,000 $855,000 $665,000 $540,000 $415,000 $485,000 $560,000 $550,000 $325,000 $295,000 $585,000 $715,000 $940,000 $480,000 $770,000 $800,000

$547,500 $460,000 $780,000 $495,000 $870,000 $620,000 $485,000 $355,000 $460,000 $510,000 – $270,000 $255,000 $550,000 $665,000 $660,000 $565,000 $275,000 $790,000

$797,500 $560,000 $1,150,000 – $3,000,000 $900,000 $664,000 $520,000 $1,500,000 $560,000 – $480,000 $615,000 $1,025,000 $1,550,000 $1,030,000 $1,220,000 $1,130,000 $2,040,000

3.6% 1.9% 1.9% 1.9% 1.9% 1.9% 0.5% 1.9% 6.0% 1.9% 1.9% 1.9% 1.1% 1.9% -0.6% 1.9% 1.9% 1.9% 1.9%

THAMES-COROMANDEL COOKS BEACH COROGLEN COROMANDEL FERRY LANDING HAHEI HIKUAI HIKUTAIA HOT WATER BEACH KAIMARAMA KOPU KUAOTUNU KUAOTUNU WEST MATARANGI MATATOKI ONEMANA OPITO BAY OPOUTERE PAUANUI PORT CHARLES PREECE POINT PURIRI RUAMAHUNGA TAIRUA TAPU TE KOUMA TE MATA TE PURU TE RERENGA THAMES THORNTON BAY TUATEAWA WAIOMU WHAKATETE BAY WHANGAMATA WHANGAPOUA WHAREKAHO WHENUAKITE WHITIANGA WYUNA BAY

$785,000 $767,500 $600,000 $1,100,000 $1,125,000 $900,000 $620,000 $1,142,500 $867,500 $645,000 $815,000 $835,000 $652,500 $595,000 $740,000 $1,312,500 $655,000 $870,000 $480,000 $850,000 $610,000 $635,000 $745,000 $587,500 $855,000 $617,500 $600,000 $460,000 $540,000 $695,000 $585,000 $545,000 $640,000 $775,000 $860,000 $957,500 $870,000 $675,000 $930,000

$735,000 $615,000 $577,500 $945,000 $990,000 $435,000 $680,000 $952,500 $705,000 $662,500 $735,000 $770,000 $615,000 $572,500 $705,000 $1,130,000 $647,500 $810,000 $465,000 $840,000 $570,000 $630,000 $645,000 $565,000 $865,000 $607,500 $575,000 $550,000 $485,000 $697,500 $520,000 $515,000 $665,000 $720,000 $870,000 $862,500 $715,000 $635,000 $640,000

$2,900,000 – $1,200,000 $1,175,000 $3,400,000 – $330,000 $3,900,000 $1,150,000 $1,175,000 $785,000 $626,000 $2,275,000 $620,000 $2,150,000 – $570,000 $2,035,000 – – $845,000 $1,150,000 $965,000 – $625,000 $560,000 $670,000 – $1,200,000 $760,000 – $725,000 – $3,950,000 – $2,900,000 – $1,400,000 –

-1.1% -1.1% -1.1% -1.1% -1.1% -1.1% -1.1% -1.1% -1.1% -1.1% -1.1% -1.1% -1.1% -1.1% -1.1% -1.1% -1.1% 0.9% -1.1% -1.1% -1.1% -1.1% -10.2% -1.1% -1.1% -1.1% -1.1% -1.1% 4.6% -1.1% -1.1% -1.1% -1.1% -0.8% -1.1% -1.1% -1.1% -3.6% -1.1%

WAIKATO AKA AKA BUCKLAND CHURCHILL EUREKA GLEN MASSEY GORDONTON HAMPTON DOWNS HOROTIU HORSHAM DOWNS HUNTLY ISLAND BLOCK KOPUKU MANGATANGI MANGATAWHIRI MERCER MEREMERE MIRANDA NEWSTEAD NGARUAWAHIA ONEWHERO ORINI OTAUA POKENO PORT WAIKATO PUKEKAWA PUKEKOHE EAST PUKEMIRO PUKEMOREMORE

$852,500 $815,000 $755,000 $917,500 $717,500 $895,000 $995,000 $620,000 $1,245,000 $375,000 $862,500 $812,500 $815,000 $955,000 $647,500 $355,000 $855,000 $1,085,000 $485,000 $780,000 $665,000 $935,000 $785,000 $455,000 $810,000 $1,270,000 $227,500 $1,105,000

$785,000 $952,500 $865,000 $870,000 $710,000 $867,500 $520,000 $575,000 $1,205,000 $340,000 $800,000 $785,000 $767,500 $917,500 $610,000 $325,000 $830,000 $1,030,000 $445,000 $765,000 $635,000 $825,000 $725,000 $455,000 $885,000 $1,315,000 $270,000 $1,050,000

$790,000 $1,040,000 – $740,000 $675,000 $950,000 $529,000 $1,650,000 $1,700,000 $975,000 – $790,000 – $1,250,000 $1,110,000 $605,000 $1,290,000 $1,375,000 $2,300,000 $755,000 – $1,110,000 $1,025,000 $585,000 $1,320,000 $1,050,000 $98,000 $1,935,000

2.5% 2.5% 2.5% 2.5% 2.5% 2.5% 2.5% 2.5% 2.5% 10.0% 2.5% 2.5% 2.5% 2.5% 2.5% 2.5% 2.5% 2.5% 1.4% 2.5% 2.5% 2.5% 3.1% 2.5% 2.5% 2.5% 2.5% 2.5%

LOCATION NUKUHAU OMORI ORUANUI PUKAWA RAINBOW POINT RANGATIRA PARK RICHMOND HEIGHTS TAUHARA TAUPO TAURANGA TAUPO TIHOI TOKAANU TURANGI TWO MILE BAY WAIPAHIHI WAIRAKEI WAITAHANUI WHAKAMARU WHAREWAKA

20

OneRoof.co.nz

LATEST MEDIAN $ VALUE

MEDIAN VALUE 12 MONTHS AGO

BIGGEST SALE IN THE LAST SIX MONTHS

ONEROOF— VALOCITY HOUSE PRICE INDEX

PUKETAHA PUNI RAGLAN RANGIRIRI ROTOKAURI RUAWARO TAMAHERE TAUHEI TAUPIRI TAUWHARE TE AKAU TE KAUWHATA TE KOHANGA TE KOWHAI TUAKAU WAERENGA WAIKOKOWAI WAINGARO WAITETUNA WHATAWHATA WHITIKAHU

$1,025,000 $1,020,000 $775,000 $925,000 $1,215,000 $550,000 $1,345,000 $775,000 $760,000 $935,000 $512,500 $615,000 $755,000 $1,000,000 $605,000 $765,000 $385,000 $630,000 $920,000 $895,000 $595,000

$995,000 $1,087,500 $695,000 $840,000 $1,227,500 $670,000 $1,245,000 $750,000 $695,000 $900,000 $452,500 $600,000 $775,000 $945,000 $570,000 $735,000 $325,000 $600,000 $680,000 $975,000 $552,500

$1,400,000 $2,300,000 $1,450,000 $840,000 $900,000 – $4,550,000 – $860,000 $950,000 – $1,110,000 $985,000 $1,197,000 $855,000 $1,470,000 $630,000 $745,000 – $1,100,000 $411,500

2.5% 2.5% -6.4% 2.5% 2.5% 2.5% 1.8% 2.5% 2.5% 2.5% 2.5% 4.9% 2.5% 2.5% 7.3% 2.5% 2.5% 2.5% 2.5% 2.5% 2.5%

WAIPA CAMBRIDGE KARAMU KARAPIRO KIHIKIHI LEAMINGTON MAUNGATAUTARI NGAHINAPOURI OHAUPO PARAWERA PIRONGIA POKURU ROTOORANGI RUKUHIA TE AWAMUTU TE MIRO TE PAHU TOKANUI WHAREPAPA SOUTH

$815,000 $770,000 $1,025,000 $525,000 $690,000 $1,115,000 $897,500 $945,000 $780,000 $840,000 $820,000 $860,000 $1,065,000 $550,000 $820,000 $745,000 $590,000 $590,000

$770,000 $720,000 $1,030,000 $465,000 $610,000 $1,060,000 $895,000 $855,000 $735,000 $750,000 $770,000 $855,000 $920,000 $515,000 $925,000 $697,500 $490,000 $355,000

$2,000,000 $776,000 $795,000 $1,100,000 $1,110,000 – $1,075,000 $1,600,000 $742,000 $1,230,000 $730,000 $1,800,000 $1,260,000 $1,325,000 $888,686 – $500,000 $1,200,000

4.7% 3.9% 3.9% 2.4% 0.9% 3.9% 3.9% 3.9% 3.9% 3.9% 3.9% 3.9% 3.9% 5.2% 3.9% 3.9% 3.9% 3.9%

WAITOMO HANGATIKI MANIAITI / BENNEYDALE MAROKOPA MOKAU PIOPIO TAHAROA TE ANGA TE KUITI TE MAPARA WAITOMO

$555,000 $70,000 $680,000 $240,000 $240,000 $495,000 $1,410,000 $305,000 $565,000 $565,000

$415,000 $50,000 $270,000 $295,000 $270,000 $275,000 $222,500 $275,000 $405,000 $505,000

– – – $540,000 $330,000 – $356,000 $515,000 $750,000 $485,000

4.9% 4.9% 4.9% 4.9% 4.9% 4.9% 4.9% 4.9% 4.9% 4.9%

KAWERAU KAWERAU

$295,000

$260,000

$405,000

4.5%

OPOTIKI OPOTIKI OTARA TE KAHA TIROHANGA TOATOA WAIHAU BAY WAIOTAHE

$290,000 $452,500 $337,500 $610,000 $437,500 $490,000 $680,000

$250,000 $272,500 $345,000 $525,000 $252,500 $380,000 $585,000

$455,000 $230,000 $850,000 $1,200,000 – $520,000 $605,000

4.5% 4.5% 4.5% 4.5% 4.5% 4.5% 4.5%

$775,000 $445,000 $450,000 $285,000 $545,000 $935,000 $422,500 $500,000 $475,000 $690,000 $570,000 $390,000 $985,000 $437,500 $1,052,500 $740,000 $590,000 $430,000 $875,000 $615,000 $460,000 $662,500

$225,000 $395,000 $390,000 $215,000 $510,000 $820,000 $355,000 $435,000 $420,000 $720,000 $505,000 $345,000 $865,000 $380,000 $907,500 $685,000 $307,500 $375,000 $840,000 $535,000 $330,000 $702,500

$635,000 $577,000 $525,000 $390,000 $1,055,000 $1,075,000 $430,000 $671,000 $440,000 $615,000 $870,000 $435,000 $920,000 $515,000 $975,000 $1,050,000 $550,000 $680,000 – $686,000 – $630,000

1.1% 1.1% 1.1% 0.0% 4.4% 1.1% 1.1% 1.1% 1.1% 1.1% 1.1% 1.1% 1.1% 1.1% 1.1% -2.5% 1.1% 1.1% 1.1% 1.1% 1.1% 1.1%

LOCATION

BAY OF PLENTY

ROTORUA ATIAMURI FAIRY SPRINGS FENTON PARK FORDLANDS GLENHOLME HAMURANA HANNAHS BAY HILLCREST HOLDENS BAY HOROHORO KAWAHA POINT KOUTU LAKE OKAREKA LAKE ROTOMA LAKE TARAWERA LYNMORE MAMAKU MANGAKAKAHI MATIPO HEIGHTS MIHI MOUREA NGAKURU

LATEST MEDIAN $ VALUE

MEDIAN VALUE 12 MONTHS AGO

BIGGEST SALE IN THE LAST SIX MONTHS

ONEROOF— VALOCITY HOUSE PRICE INDEX

NGAPUNA NGONGOTAHA NGONGOTAHA VALLEY OKERE FALLS OWHATA POMARE PUKEHANGI REPOROA REREWHAKAAITU ROTOITI FOREST ROTORUA SELWYN HEIGHTS SPRINGFIELD SUNNYBROOK TIHIOTONGA TIKITERE UTUHINA VICTORIA WAIKITE VALLEY WAIOTAPU WESTERN HEIGHTS WHAKAREWAREWA

$340,000 $490,000 $1,120,000 $620,000 $500,000 $595,000 $475,000 $475,000 $352,500 $522,500 $415,000 $440,000 $645,000 $525,000 $757,500 $830,000 $475,000 $450,000 $697,500 $545,000 $405,000 $420,000

$310,000 $420,000 $907,500 $580,000 $445,000 $535,000 $415,000 $570,000 $342,500 $492,500 $360,000 $375,000 $575,000 $455,000 $680,000 $895,000 $430,000 $397,500 $732,500 $555,000 $350,000 $360,000

$290,000 $760,388 – $490,000 $930,000 $860,000 $1,740,000 $725,000 – $711,500 $617,000 $478,000 $980,000 $820,000 $882,000 $1,760,000 $685,000 $900,000 $750,000 – $770,000 $565,000

1.1% 4.4% 1.1% 1.1% -2.5% 1.1% 3.0% 1.1% 1.1% 1.1% 1.1% 1.1% -1.1% 1.1% 1.1% 1.1% 1.1% 1.1% 1.1% 1.1% -5.0% 1.1%

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

$590,000 $840,000 $605,000 $525,000 $565,000 $585,000 $555,000 $780,000 $650,000 $825,000 $820,000 $735,000 $685,000 $745,000 $507,500 $525,000 $795,000 $710,000 $630,000 $1,417,500 $665,000

$540,000 $800,000 $555,000 $480,000 $525,000 $530,000 $505,000 $725,000 $615,000 $780,000 $775,000 $690,000 $675,000 $705,000 $455,000 $455,000 $745,000 $685,000 $585,000 $1,300,000 $625,000

$882,000 $1,100,000 $865,000 $1,200,000 $750,000 $697,500 $870,000 $1,300,000 $871,400 $3,750,000 $1,350,000 $1,200,000 $912,000 $1,850,000 $580,000 $540,000 $1,660,000 $995,000 $1,267,000 $1,500,000 $1,650,000

1.0% 3.1% 3.1% 5.1% 2.4% 5.1% -5.3% -1.7% 7.6% -4.3% -3.7% 6.9% 3.1% 5.4% 9.1% 3.1% 2.1% -8.8% -7.8% 3.1% 4.6%

WESTERN BAY OF PLENTY AONGATETE ATHENREE BOWENTOWN KATIKATI LOWER KAIMAI MAKETU OMANAWA OMOKOROA OROPI PAENGAROA PONGAKAWA PUKEHINA RANGIURU TAHAWAI TANNERS POINT TE PUKE TE PUNA TE RANGA WAIHI BEACH WAIROA WAITAO WHAKAMARAMA

$830,000 $700,000 $815,000 $575,000 $915,000 $540,000 $1,000,000 $780,000 $1,090,000 $630,000 $730,000 $810,000 $922,500 $895,000 $807,500 $570,000 $1,220,000 $820,000 $910,000 $1,180,000 $1,015,000 $1,145,000

$765,000 $670,000 $765,000 $545,000 $935,000 $480,000 $1,005,000 $760,000 $1,122,500 $635,000 $545,000 $780,000 $985,000 $830,000 $725,000 $535,000 $1,147,500 $935,000 $800,000 $1,175,000 $930,000 $1,045,000

$1,392,500 $875,000 – $797,500 $730,000 $750,000 $1,900,000 $2,600,000 $1,380,000 $725,000 $1,155,000 $1,570,000 $665,000 $1,270,000 $1,037,000 $1,350,000 $475,000 – $2,600,000 – – $1,920,000

5.7% 2.2% 0.0% 2.8% 2.2% 2.2% 2.2% 2.5% 0.3% 2.2% 2.2% 12.5% 2.2% 2.2% 2.2% 1.8% 2.2% 2.2% 1.8% 2.2% 2.2% 3.3%

$905,000 $690,000 $390,000 $440,000 $660,000 $520,000 $125,000 $615,000 $805,000 $765,000 $835,000 $710,000 $745,000 $790,000 $660,000 $712,500 $955,000 $485,000 $810,000

$745,000 $667,500 $355,000 – $570,000 $462,500 $100,000 – $765,000 $645,000 $690,000 $615,000 $610,000 $670,000 $175,000 $205,000 $800,000 $435,000 $762,500

– $855,000 $670,000 $850,000 $550,000 $1,040,000 $165,000 – $1,775,000 $700,000 $929,000 $445,000 $700,000 $650,000 $780,000 $880,000 $1,100,000 $985,000 $959,000

-0.1% -0.1% -0.1% -0.1% -0.1% -0.1% -0.1% -0.1% 1.7% -0.1% -0.1% -0.1% -0.1% -0.1% -0.1% -0.1% -0.1% 1.5% -0.1%

LOCATION

WHAKATANE AWAKERI COASTLANDS EDGECUMBE GALATEA MANAWAHE MATATA MURUPARA NUKUHOU OHOPE OTAKIRI PIKOWAI POROPORO PUTAUAKI ROTOMA TANEATUA TE TEKO THORNTON WHAKATANE WHITE PINE BUSH

OneRoof.co.nz

LOCATION

LATEST MEDIAN $ VALUE

MEDIAN VALUE 12 MONTHS AGO

BIGGEST SALE IN THE LAST SIX MONTHS

ONEROOF— VALOCITY HOUSE PRICE INDEX

GISBORNE GISBORNE AWAPUNI ELGIN GISBORNE INNER KAITI KAITI LYTTON WEST MAKARAKA MAKAURI MAKORORI MANGAPAPA MANUTUKE MATAWHERO MATOKITOKI NGATAPA OKITU ORMOND OUTER KAITI PATUTAHI RIVERDALE RUATORIA TAMARAU TAUWHAREPARAE TE HAPARA TE KARAKA TINIROTO TOLAGA BAY WAINUI WAIPAOA WAIPIRO WAITUHI WHATATUTU WHATAUPOKO

$475,000 $335,000 $410,000 $495,000 $330,000 $740,000 $550,000 $1,035,000 $877,500 $430,000 $272,500 $955,000 $947,500 $615,000 $860,000 $805,000 $300,000 $480,000 $510,000 $165,000 $355,000 $215,000 $420,000 $235,000 $275,000 $205,000 $1,037,500 $450,000 $155,000 $407,500 $415,000 $570,000

$400,000 $260,000 $335,000 $405,000 $260,000 $645,000 $470,000 $895,000 $755,000 $340,000 $445,000 $877,500 $820,000 $615,000 $750,000 $745,000 $232,500 $635,000 $420,000 – $285,000 – $335,000 – – – $845,000 $385,000 – $700,000 – $485,000

$395,000 $485,000 $1,100,000 $700,000 $670,000 $996,000 $915,000 $855,000 $1,600,000 $562,000 – – – – $1,360,000 $1,100,000 $540,000 $1,125,000 $765,000 $235,000 $525,000 – $1,040,000 $360,000 – $330,000 $1,000,000 $470,000 – – – $755,000

10.0% 10.0% 10.0% 10.0% -0.2% 10.0% 10.0% 10.0% 10.0% 25.4% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 7.6% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 1.1%

$505,000 $975,000 $645,000 $540,000 $692,500 $747,500 $707,500 $410,000 $345,000 $320,000 $465,000 $420,000 $390,000 $400,000

$635,000 – – $567,500 $810,000 $622,500 $472,500 $360,000 – – $210,000 $327,500 $355,000 $375,000

$750,000 – $360,000 – – – $570,000 $1,300,000 $560,190 $770,000 $441,000 $930,000 $850,000 $775,000

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% -0.3% 4.8%

$495,000 $355,000 $350,000 $625,000 $827,500 $802,500 $975,000 $535,000 $365,000 $640,000 $855,000 $470,000 $605,000 $795,000 $1,325,000 $690,000 $682,500 $540,000 $555,000 $797,500 $770,000 $480,000 $735,000 $515,000 $955,000 $830,000 $1,070,000 $360,000 $802,500 $505,000 $705,000 $435,000 $490,000 $745,000 $675,000 $685,000

$420,000 $775,000 $295,000 $570,000 $767,500 $650,000 $680,000 $557,500 $270,000 $610,000 $605,000 $385,000 $470,000 $745,000 – $925,000 $792,500 $485,000 $605,000 $812,500 $587,500 $415,000 $825,000 $445,000 $965,000 $722,500 $810,000 – $755,000 $430,000 $650,000 $1,280,000 $430,000 $670,000 $520,000 $630,000

$715,000 $1,410,000 $933,000 $1,025,000 $1,100,000 – $1,260,000 – $501,000 $1,400,000 $925,000 $975,000 $3,000,000 $2,000,000 – – $600,000 $911,000 $950,000 $880,000 – $660,000 – $988,000 $1,160,000 $650,000 $1,240,000 – $3,400,000 $700,000 $632,500 $969,065 $721,500 – $850,000 $685,000

3.6% 9.7% -1.9% 9.7% 9.7% 9.7% 9.7% 9.7% 2.9% 4.9% 9.7% -1.9% 9.7% 10.8% 9.7% 9.7% 9.7% 1.6% 9.7% 9.7% 9.7% 1.9% 9.7% 2.5% 9.7% 9.7% 9.7% 9.7% 9.7% 5.6% 9.7% 9.7% 7.4% 9.7% 9.7% 9.7%

HAWKE’S BAY CENTRAL HAWKE’S BAY ASHLEY CLINTON BLACKHEAD ELSTHORPE FLEMINGTON HATUMA KAIRAKAU ONGAONGA OTANE PORANGAHAU POURERERE TAKAPAU TIKOKINO WAIPAWA WAIPUKURAU HASTINGS AKINA BRIDGE PA CAMBERLEY CLIVE CROWNTHORPE DARTMOOR ESKDALE FERNHILL FLAXMERE FRIMLEY GLENGARRY HASTINGS HAUMOANA HAVELOCK NORTH KAHURANAKI KARAMU LONGLANDS MAHORA MANGATERETERE MARAEKAKAHO MARAETOTARA MAYFAIR PAKOWHAI PARKVALE POUKAWA PUKEHAMOAMOA PUKETAPU PUTORINO RAUKAWA RAUREKA RISSINGTON ROYS HILL SAINT LEONARDS SHERENDEN TANGOIO TE AWANGA

21

LATEST MEDIAN $ VALUE

MEDIAN VALUE 12 MONTHS AGO

BIGGEST SALE IN THE LAST SIX MONTHS

ONEROOF— VALOCITY HOUSE PRICE INDEX

$315,000 $540,000 $595,000 $1,895,000 $385,000 $762,500 $985,000 $655,000 $425,000

$330,000 $400,000 $520,000 $1,585,000 – $810,000 $880,000 $1,010,000 $340,000

$620,000 $380,000 $600,000 $2,025,000 $510,000 – $1,925,000 $1,415,000 –

9.7% 9.7% 9.7% 9.7% 9.7% 9.7% 9.7% 9.7% 9.7%

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

$770,000 $735,000 $740,000 $785,000 $625,000 $755,000 $807,500 $360,000 $465,000 $910,000 $535,000 $500,000 $635,000 $535,000 $900,000 $535,000 $645,000 $720,000 $800,000

$665,000 $690,000 $675,000 $710,000 $570,000 $685,000 $680,000 $335,000 $405,000 $815,000 $470,000 $435,000 $535,000 $460,000 $815,000 $465,000 $580,000 $540,000 $695,000

$1,080,000 $1,200,000 $993,000 $1,335,000 $927,500 $897,000 $1,300,000 $422,000 $785,000 $830,000 $940,000 $760,000 $720,000 $700,000 $1,370,000 $700,000 $1,620,000 $920,000 $1,300,000

-6.5% 0.0% -2.9% 2.4% 5.0% 8.5% 2.7% 0.0% 1.4% 2.7% 1.4% 8.5% 2.7% -1.7% -1.7% 4.5% 3.6% 2.7% 2.7%

WAIROA FRASERTOWN MAHIA MORERE NUHAKA RUAKITURI TUAI WAIROA

$237,500 $550,000 $465,000 $160,000 $395,000 $205,000 $210,000

$185,000 $410,000 – $115,000 – – $155,000

$517,725 $1,000,000 – $125,000 $855,000 $263,000 $536,000

6.7% 6.7% 6.7% 6.7% 6.7% 6.7% 6.7%

HOROWHENUA FOXTON FOXTON BEACH HOKIO BEACH KOPUTAROA LEVIN MANAKAU MUHUNOA EAST OHAU OPIKI POROUTAWHAO SHANNON TOKOMARU WAIKAWA BEACH WAITARERE WAITARERE BEACH

$340,000 $410,000 $370,000 $700,000 $415,000 $625,000 $695,000 $705,000 $485,000 $560,000 $310,000 $455,000 $505,000 $610,000 $445,000

$285,000 $370,000 $347,500 $632,500 $355,000 $565,000 $685,000 $650,000 $457,500 $480,000 $245,000 $285,000 $405,000 $510,000 $395,000

$670,000 $1,350,000 $355,000 $950,000 $1,185,000 $913,000 – $1,200,000 $750,000 $510,000 $925,000 $750,000 $500,000 $845,000 $951,000

-1.6% -1.9% 2.2% 2.2% 4.2% 2.2% 2.2% 2.2% 2.2% 2.2% 2.2% 2.2% 2.2% 2.2% 2.2%

MANAWATU AORANGI APITI AWAHURI BEACONSFIELD CHELTENHAM COLYTON FEILDING GLEN OROUA HALCOMBE HIMATANGI HIMATANGI BEACH KAIRANGA KIMBOLTON KIWITEA NEWBURY OHAKEA POHANGINA RANGIOTU RONGOTEA SANSON TANGIMOANA TIAKITAHUNA

$685,000 $275,000 $540,000 $715,000 $590,000 $685,000 $460,000 $605,000 $545,000 $400,000 $385,000 $845,000 $545,000 $655,000 $847,500 $265,000 $700,000 $630,000 $465,000 $375,000 $330,000 $675,000

$615,000 $272,500 $345,000 $567,500 $630,000 $620,000 $395,000 $512,500 $435,000 $385,000 $335,000 $730,000 $460,000 $555,000 $765,000 $205,000 $600,000 $645,000 $290,000 $290,000 $205,000 $615,000

– $518,000 $410,000 – – $1,050,000 $1,270,000 – $906,000 $581,000 $715,000 $1,236,500 $620,000 – $740,000 $600,200 $1,190,000 – $1,100,000 $520,000 $336,000 $805,000

3.7% 3.7% 3.7% 3.7% 3.7% 3.7% 5.7% 3.7% 3.7% 3.7% 3.7% 3.7% 3.7% 3.7% 3.7% 3.7% 3.7% 3.7% 0.0% 3.7% 3.7% 3.7%

PALMERSTON NORTH AOKAUTERE ASHHURST AWAPUNI BUNNYTHORPE CLOVERLEA FITZHERBERT

$855,000 $507,500 $485,000 $685,000 $445,000 $720,000

$770,000 $395,000 $405,000 $562,500 $380,000 $645,000

$1,700,000 $1,045,000 $975,000 $1,310,000 $562,500 $1,050,000

7.9% 1.4% 4.9% 7.9% 3.8% 3.5%

LOCATION TE HAUKE TE POHUE TOMOANA TUKI TUKI TUTIRA TWYFORD WAIMARAMA WAIOHIKI WHAKATU

MANAWATU-WHANGANUI

22

OneRoof.co.nz

LATEST MEDIAN $ VALUE

MEDIAN VALUE 12 MONTHS AGO

BIGGEST SALE IN THE LAST SIX MONTHS

ONEROOF— VALOCITY HOUSE PRICE INDEX

HIGHBURY HOKOWHITU KELVIN GROVE LINTON LONGBURN MILSON PALMERSTON NORTH ROSLYN TAKARO TERRACE END TURITEA WEST END WESTBROOK WHAKARONGO

$415,000 $600,000 $625,000 $645,000 $457,500 $470,000 $490,000 $420,000 $445,000 $500,000 $855,000 $465,000 $405,000 $685,000

$345,000 $525,000 $560,000 $620,000 $385,000 $410,000 $420,000 $350,000 $375,000 $420,000 $805,000 $395,000 $335,000 $635,000

$715,000 $1,600,000 $1,850,000 $810,000 $400,000 $750,000 $945,000 $635,000 $670,000 $990,000 $664,500 $910,000 $600,000 $620,000

9.9% 6.3% 3.2% 7.9% 7.9% 2.6% 5.8% 6.6% 0.1% 11.4% 7.9% 7.6% 7.9% 7.9%

RANGITIKEI BULLS CROFTON HUNTERVILLE KOITIATA MANGAWEKA MARTON OHINGAITI PAREWANUI RATANA SANTOFT TAIHAPE TURAKINA WHANGAEHU

$340,000 $275,000 $200,000 $250,000 $135,000 $345,000 $420,000 $590,000 $110,000 $420,000 $195,000 $240,000 $215,000

$285,000 $422,500 $190,000 $280,000 – $260,000 $360,000 – $200,000 – $180,000 $275,000 $175,000

$975,000 – $435,000 – $136,000 $665,000 $210,000 $350,000 $695,000 – $595,000 $470,000 $70,000

-1.1% -1.1% -1.1% -1.1% -1.1% -3.0% -1.1% -1.1% -1.1% -1.1% -1.1% -1.1% -1.1%

RUAPEHU AUKOPAE KAKAHI MANUNUI NATIONAL PARK OHAKUNE OHURA OWHANGO RAETIHI RANGATAUA RAURIMU RETARUKE TAUMARUNUI TOKIRIMA WAIOURU

$560,000 $265,000 $200,000 $330,000 $365,000 $35,000 $545,000 $185,000 $315,000 $295,000 $405,000 $205,000 $205,000 $215,000

– $202,500 $170,000 $265,000 $350,000 – $240,000 $135,000 $285,000 $220,000 $155,000 $185,000 – –

$500,000 $555,000 $385,000 $380,000 $650,000 $301,000 $575,000 $250,000 $330,000 – $330,000 $434,750 $243,000 $320,000

7.2% 7.2% 7.2% 7.2% 7.5% 7.2% 7.2% 7.2% 7.2% 7.2% 7.2% 11.7% 7.2% 7.2%

TARARUA AKITIO ALFREDTON BALLANCE DANNEVIRKE EKETAHUNA HERBERTVILLE KUMEROA MAHARAHARA MANGAMUTU MANGATAINOKA MATAMAU NORSEWOOD ORMONDVILLE PAHIATUA PAPATAWA PONGAROA WOODVILLE

$375,000 $485,000 $470,000 $300,000 $265,000 $402,500 $255,000 $540,000 $530,000 $567,500 $495,000 $180,000 $417,500 $312,500 $505,000 $70,000 $270,000

– $485,000 $385,000 $250,000 $175,000 $410,000 – $225,000 $427,500 $407,500 $445,000 $280,000 $365,000 $240,000 – – $235,000

$390,000 $407,000 $237,500 $650,000 $440,000 $425,000 $280,450 $610,000 $400,000 $610,000 – $265,000 $499,999 $650,000 $305,000 $51,500 $505,000

4.9% 4.9% 4.9% 11.3% 4.9% 4.9% 4.9% 4.9% 4.9% 4.9% 4.9% 4.9% 4.9% -0.6% 4.9% 4.9% -0.8%

WHANGANUI ARAMOHO BASTIA HILL BRUNSWICK CASTLECLIFF COLLEGE ESTATE DURIE HILL FORDELL GONVILLE KAI IWI KAITOKE MANGAMAHU MARYBANK MAXWELL OKOIA OTAMATEA PAPAITI PARIKINO PUTIKI SAINT JOHNS HILL SPRINGVALE TAWHERO WESTMERE WHANGANUI WHANGANUI EAST

$315,000 $445,000 $685,000 $285,000 $427,500 $400,000 $550,000 $315,000 $582,500 $637,500 $467,500 $505,000 $470,000 $620,000 $615,000 $625,000 $565,000 $390,000 $480,000 $415,000 $380,000 $680,000 $295,000 $325,000

$255,000 $390,000 $667,500 $215,000 $360,000 $340,000 $385,000 $250,000 $500,000 $430,000 $410,000 $397,500 $460,000 $495,000 $575,000 $545,000 $480,000 $340,000 $420,000 $365,000 $310,000 $620,000 $230,000 $265,000

$780,000 $519,000 $767,500 $641,000 $630,000 $630,000 $330,000 $445,000 $500,000 $550,000 – $705,000 – $545,000 $810,000 $300,000 $460,000 – $1,300,000 $675,000 $625,000 $880,000 $680,000 $675,000

-0.9% 0.4% 0.4% -1.1% 0.4% 0.0% 0.4% -0.8% 0.4% 0.4% 0.4% 0.4% 0.4% 0.4% 6.1% 0.4% 0.4% 0.4% 16.9% 2.1% 5.0% 0.4% -3.7% 1.1%

LOCATION

LATEST MEDIAN $ VALUE

MEDIAN VALUE 12 MONTHS AGO

BIGGEST SALE IN THE LAST SIX MONTHS

ONEROOF— VALOCITY HOUSE PRICE INDEX

NEW PLYMOUTH AHITITI BELL BLOCK BLAGDON BRIXTON BROOKLANDS BURGESS PARK EGMONT VILLAGE FERNDALE FITZROY FRANKLEIGH PARK GLEN AVON HIGHLANDS PARK HILLSBOROUGH HUIRANGI HURDON HURFORD HURWORTH INGLEWOOD KAIMIRO KAITAKE KORU LEPPERTON LOWER VOGELTOWN LYNMOUTH MANGOREI MARFELL MERRILANDS MIMI MOHAKATINO MOTUNUI MOTUROA NEW PLYMOUTH NORFOLK OAKURA OKATO OKOKI OMATA ONAERO PARAITE PITONE RATAPIKO RIDGEWOOD SENTRY HILL SPOTSWOOD STRANDON TARATA TARIKI TARURUTANGI TIKORANGI UPPER VOGELTOWN URENUI VOGELTOWN WAIITI WAIONGANA WAITARA WAIWHAKAIHO WELBOURN WESTOWN WHALERS GATE

$260,000 $485,000 $410,000 $695,000 $465,000 $717,500 $595,000 $450,000 $585,000 $470,000 $520,000 $637,500 $880,000 $600,000 $515,000 $775,000 $800,000 $425,000 $655,000 $915,000 $832,500 $660,000 $480,000 $465,000 $690,000 $320,000 $555,000 $820,000 $255,000 $660,000 $465,000 $560,000 $605,000 $860,000 $425,000 $387,500 $792,500 $737,500 $820,000 $682,500 $582,500 $842,500 $670,000 $400,000 $590,000 $535,000 $595,000 $825,000 $620,000 $470,000 $430,000 $440,000 $1,050,000 $615,000 $335,000 $810,000 $485,000 $440,000 $565,000

– $445,000 $367,500 $735,000 $410,000 $667,500 $535,000 $415,000 $495,000 $440,000 $487,500 $590,000 $815,000 $525,000 $480,000 $685,000 $757,500 $370,000 $605,000 $800,000 $710,000 $592,500 $432,500 $430,000 $655,000 $290,000 $500,000 $640,000 – $630,000 $410,000 $510,000 $585,000 $775,000 $350,000 – $712,500 $710,000 $777,500 $570,000 $480,000 $765,000 $580,000 $345,000 $540,000 $350,000 $567,500 $750,000 $660,000 $435,000 $430,000 $405,000 $337,500 $600,000 $295,000 $800,000 $440,000 $400,000 $535,000

– $850,000 $495,000 $970,000 $800,000 – $875,000 $755,000 $1,736,000 $1,000,000 $717,000 $985,000 $860,000 $486,250 $1,300,000 $830,000 $950,750 $910,000 $800,000 – – $1,255,000 $590,000 $840,000 $300,000 $410,000 $775,000 – – – $1,410,000 $1,200,000 $755,000 $1,550,000 $680,000 – $910,000 $795,000 $667,000 $745,000 $388,500 – – $536,000 $1,300,000 $635,000 – $1,210,000 – $540,000 $960,000 $710,000 – $680,000 $580,000 $1,090,000 $940,000 $917,000 $850,000

6.7% 2.4% 6.7% 6.7% 6.7% 6.7% 6.7% 6.7% -0.1% 2.9% 6.7% 6.7% 6.7% 6.7% 6.7% 6.7% 6.7% 1.5% 6.7% 6.7% 6.7% 6.7% 0.0% 6.7% 6.7% 6.7% 5.2% 6.7% 6.7% 6.7% 0.1% 4.6% 6.7% 6.7% 6.7% 6.7% 6.7% 6.7% 6.7% 6.7% 6.7% 6.7% 6.7% -3.5% 4.7% 6.7% 6.7% 6.7% 6.7% 6.7% 6.7% -0.3% 6.7% 6.7% 6.9% 6.7% 6.7% 3.5% 9.4%

SOUTH TARANAKI ALTON ARARATA AUROA AWATUNA ELTHAM HAWERA KAKARAMEA KAPONGA MANAIA MANUTAHI MOKOIA NEWALL NGAMATAPOURI NORMANBY OHANGAI OHAWE OKAIAWA OPUNAKE OTAKEHO PATEA PUNGAREHU RAHOTU RIVERLEA TE ROTI WAIINU BEACH WAITOTARA

$120,000 $385,000 $195,000 $360,000 $255,000 $330,000 $125,000 $380,000 $195,000 $575,000 $470,000 $260,000 $25,000 $280,000 $250,000 $320,000 $180,000 $270,000 $335,000 $165,000 $297,500 $195,000 $380,000 $430,000 $305,000 $262,500

– $275,000 $220,000 $345,000 $205,000 $280,000 – $270,000 $150,000 $240,000 $415,000 – – $215,000 $225,000 $260,000 $162,500 $265,000 – $130,000 $340,000 $195,000 – – $370,000 $170,000

– – $480,000 – $462,700 $840,000 $130,000 $372,500 $393,000 $255,000 $105,000 $420,000 $290,000 $972,000 – $210,000 $260,000 $510,000 – $270,000 – $700,000 – – – $20,000

0.7% 0.7% 0.7% 0.7% -0.4% -0.2% 0.7% 0.7% 0.7% 0.7% 0.7% 0.7% 0.7% 0.7% 0.7% 0.7% 0.7% -1.1% 0.7% 0.7% 0.7% 0.7% 0.7% 0.7% 0.7% 0.7%

LOCATION

TARANAKI

OneRoof.co.nz

LOCATION

LATEST MEDIAN $ VALUE

MEDIAN VALUE 12 MONTHS AGO

BIGGEST SALE IN THE LAST SIX MONTHS

ONEROOF— VALOCITY HOUSE PRICE INDEX

WAREA WAVERLEY

$435,000 $215,000

$415,000 $170,000

$680,000 $390,000

0.7% 0.7%

STRATFORD BIRD ROAD CARDIFF DOUGLAS HUINGA HUIROA MAHOE MIDHIRST NGAERE PEMBROKE PUKENGAHU PUNIWHAKAU STRATFORD TE POPO TOKO

$395,000 $555,000 $347,500 $355,000 $390,000 $460,000 $415,000 $655,000 $555,000 $455,000 $215,000 $335,000 $605,000 $535,000

$305,000 $520,000 – – – $467,500 $430,000 $570,000 $525,000 $325,000 $430,000 $280,000 $580,000 $575,000

$530,000 – – $320,000 – – $470,000 $370,000 $487,500 – – $695,000 $630,000 –

3.1% 3.1% 3.1% 3.1% 3.1% 3.1% 3.1% 3.1% 3.1% 3.1% 3.1% 5.9% 3.1% 3.1%

CARTERTON CARRINGTON CARTERTON CLAREVILLE DALEFIELD EAST TARATAHI FLAT POINT GLADSTONE LONGBUSH MOUNT HOLDSWORTH PARKVALE TAUMATA ISLAND WAIHAKEKE WAINGAWA WEST TARATAHI

$795,000 $450,000 $735,000 $790,000 $802,500 $560,000 $750,000 $735,000 $785,000 $770,000 $865,000 $840,000 $835,000 $780,000

$690,000 $410,000 $615,000 $682,500 $645,000 $485,000 $712,500 $595,000 $645,000 $580,000 $622,500 $585,000 $735,000 $680,000

$1,110,000 $1,090,000 $462,000 $990,000 $1,055,000 – $610,000 $310,000 – – – – $631,500 $716,000

-0.3% 2.4% -0.3% -0.3% -0.3% -0.3% -0.3% -0.3% -0.3% -0.3% -0.3% -0.3% -0.3% -0.3%

KAPITI COAST HAUTERE NIKAU VALLEY OTAIHANGA OTAKI OTAKI BEACH PAEKAKARIKI PARAPARAUMU PARAPARAUMU BEACH PEKA PEKA RAUMATI BEACH RAUMATI SOUTH REIKORANGI TE HORO TE HORO BEACH WAIKANAE WAIKANAE BEACH

$1,020,000 $1,180,000 $750,000 $500,000 $480,000 $685,000 $605,000 $675,000 $1,035,000 $680,000 $690,000 $1,087,500 $1,005,000 $565,000 $685,000 $745,000

$945,000 $1,005,000 $675,000 $465,000 $440,000 $675,000 $540,000 $610,000 $930,000 $605,000 $605,000 $1,015,000 $925,000 $505,000 $605,000 $670,000

– $1,190,000 $1,095,000 $1,000,000 $700,000 $955,000 $1,377,777 $1,550,000 $1,040,000 $1,725,000 $1,100,000 $1,045,000 $1,060,000 $750,000 $1,410,000 $1,400,000

0.9% 0.9% 0.9% 1.9% 7.6% 0.9% 5.5% 2.6% 0.9% -0.1% 5.7% 0.9% 0.9% 0.9% 3.4% 5.0%

LOWER HUTT ALICETOWN AVALON BELMONT BOULCOTT DAYS BAY EASTBOURNE EPUNI FAIRFIELD GRACEFIELD HARBOUR VIEW HAYWARDS HUTT CENTRAL KELSON KOROKORO LOWRYBAY MANOR PARK MAUNGARAKI MELLING MOERA NAENAE NORMANDALE PETONE POINT HOWARD STOKES VALLEY TAITA TIROHANGA WAINUIOMATA WAINUIOMATA COAST WAIWHETU WATERLOO WOBURN YORK BAY

$750,000 $655,000 $770,000 $755,000 $997,500 $955,000 $720,000 $715,000 $587,500 $790,000 $550,000 $895,000 $740,000 $850,000 $1,277,500 $782,500 $785,000 $570,000 $630,000 $540,000 $775,000 $795,000 $935,000 $565,000 $545,000 $830,000 $540,000 $775,000 $685,000 $755,000 $985,000 $882,500

$685,000 $580,000 $640,000 $660,000 $920,000 $850,000 $625,000 $620,000 $495,000 $675,000 $502,500 $785,000 $625,000 $700,000 $1,162,500 $660,000 $670,000 $450,000 $535,000 $460,000 $650,000 $710,000 $840,000 $480,000 $460,000 $737,500 $430,000 $765,000 $590,000 $665,000 $890,000 $800,000

$902,000 $982,222 $1,325,000 $1,525,000 $1,153,934 $2,300,000 $935,000 $870,000 $571,000 $855,000 – $1,275,000 $975,000 $800,000 $3,409,000 $866,500 $1,203,000 $750,000 $745,000 $980,000 $960,000 $1,195,000 – $850,000 $748,000 $1,525,000 $950,000 $970,000 $1,200,000 $1,150,000 $1,275,000 $915,000

0.0% 9.9% 6.4% -0.4% 6.4% -1.4% 6.4% 6.4% 6.4% 6.4% 6.4% 6.4% 5.5% 6.4% 6.4% 6.4% 3.1% 6.4% 6.4% 2.0% 0.8% 4.7% 6.4% 2.1% 7.8% 6.4% 9.1% 6.4% 1.4% 6.6% 1.3% 6.4%

WELLINGTON

23

LATEST MEDIAN $ VALUE

MEDIAN VALUE 12 MONTHS AGO

BIGGEST SALE IN THE LAST SIX MONTHS

ONEROOF— VALOCITY HOUSE PRICE INDEX

$405,000 $605,000 $765,000 $632,500 $410,000 $460,000 $405,000 $780,000 $402,500 $565,000 $675,000 $552,500 $315,000 $780,000 $680,000 $640,000 $440,000 $815,000 $742,500 $380,000 $855,000 $740,000

$325,000 $520,000 $722,500 $615,000 $345,000 $390,000 $345,000 $717,500 $350,000 $490,000 $577,500 $515,000 $300,000 $700,000 $605,000 $530,000 $375,000 $750,000 $670,000 $300,000 $795,000 $480,000

– $660,000 $965,000 – $705,000 $825,000 $1,125,000 – $460,000 – $822,250 – – $745,000 – $720,000 $960,000 $730,000 $765,000 $465,000 $875,000 –

3.8% 3.8% 3.8% 3.8% 3.8% -0.6% 3.1% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 4.3% 3.8% 3.8% 3.8% 3.8% 3.8%

PORIRUA AOTEA ASCOT PARK CAMBORNE CANNONS CREEK ELSDON JUDGEFORD KENEPURU PAPAKOWHAI PAREMATA PAUATAHANUI PLIMMERTON PUKERUA BAY RANUI TAKAPUWAHIA TITAHI BAY WAITANGIRUA WHITBY

$975,000 $540,000 $775,000 $480,000 $535,000 $1,340,000 $720,000 $800,000 $785,000 $1,600,000 $835,000 $715,000 $530,000 $515,000 $610,000 $445,000 $785,000

$890,000 $480,000 $732,500 $385,000 $490,000 $1,425,000 $597,500 $710,000 $712,500 $1,755,000 $785,000 $645,000 $435,000 $480,000 $530,000 $365,000 $720,000

$1,530,000 $865,000 $1,005,000 $592,000 – $2,200,000 $890,000 $875,000 $1,900,000 $1,300,000 $955,000 $950,000 $685,000 $639,875 $803,000 $565,000 $1,500,000

6.6% 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% -3.9% 5.9% 5.3%

SOUTH WAIRARAPA CAPE PALLISER DYERVILLE FEATHERSTON GREYTOWN HINAKURA KAHUTARA LAKE FERRY MARTINBOROUGH MORRISONS BUSH PAPAWAI PIRINOA RUAKOKOPUTUNA TAUHERENIKAU TORA WHANGAIMOANA WOODSIDE

$410,000 $1,005,000 $425,000 $665,000 $685,000 $720,000 $347,500 $640,000 $767,500 $825,000 $412,500 $885,000 $730,000 $595,000 $300,000 $990,000

$390,000 $915,000 $375,000 $585,000 $610,000 $650,000 $330,000 $555,000 $732,500 $800,000 $367,500 $760,000 $690,000 – $280,000 $965,000

$520,000 – $2,100,000 $1,350,000 – – $421,000 $1,840,000 $670,000 $800,000 $531,000 $1,330,000 $725,000 $245,000 $349,000 –

6.6% 6.6% 8.6% 9.1% 6.6% 6.6% 6.6% 4.5% 6.6% 6.6% 6.6% 6.6% 6.6% 6.6% 6.6% 6.6%

UPPER HUTT AKATARAWA AKATARAWA VALLEY BIRCHVILLE BLUE MOUNTAINS BROWN OWL CLOUSTON PARK CRAIGS FLAT EBDENTOWN ELDERSLEA HERETAUNGA KAITOKE KINGSLEY HEIGHTS MANGAROA MAORIBANK MAYMORN MOONSHINE VALLEY PINEHAVEN RIVERSTONE TERRACES SILVERSTREAM TE MARUA TIMBERLEA TOTARA PARK TRENTHAM UPPER HUTT WALLACEVILLE WHITEMANS VALLEY

$860,000 $785,000 $575,000 $742,500 $675,000 $605,000 $817,500 $620,000 $635,000 $700,000 $910,000 $750,000 $1,280,000 $565,000 $990,000 $925,000 $665,000 $865,000 $735,000 $615,000 $495,000 $590,000 $615,000 $605,000 $605,000 $1,195,000

$795,000 $755,000 $490,000 $670,000 $607,500 $525,000 $745,000 $540,000 $555,000 $635,000 $795,000 $697,500 $1,095,000 $490,000 $875,000 $875,000 $610,000 $775,000 $682,500 $520,000 $410,000 $510,000 $550,000 $530,000 $515,000 $1,030,000

– $1,500,000 $970,000 – $880,000 $770,000 – $875,000 $925,000 $1,240,000 $1,300,000 $980,000 $1,340,000 $637,000 – $770,000 $910,000 $961,250 $1,150,000 $742,500 $1,010,000 $800,000 $940,000 $531,000 $780,000 $935,000

6.3% 6.3% 9.9% 6.3% 6.3% 5.6% 6.3% 5.6% 8.4% 0.8% 6.3% 6.3% 6.3% 6.3% 6.3% 6.3% 6.3% 4.4% 4.2% 6.3% 6.3% 5.5% 4.9% 6.3% 6.3% 6.3%

LOCATION MASTERTON BLAIRLOGIE CASTLEPOINT HOMEBUSH KAITUNA KURIPUNI LANSDOWNE MASTERTON MATAHIWI MATAIKONA MAURICEVILLE MIKIMIKI MOUNT BRUCE NGAHAPE OPAKI RANGITUMAU RIVERSDALE BEACH SOLWAY TE ORE ORE TE WHITI TINUI UPPER PLAIN WAINUIORU

24

OneRoof.co.nz

LOCATION WELLINGTON ARO VALLEY BERHAMPORE BREAKER BAY BROADMEADOWS BROOKLYN CHURTON PARK CROFTON DOWNS GLENSIDE GRENADA NORTH GRENADA VILLAGE HATAITAI HIGHBURY HOROKIWI HOUGHTON BAY ISLAND BAY JOHNSONVILLE KAIWHARAWHARA KARAKA BAYS KARORI KELBURN KHANDALLAH KILBIRNIE KINGSTON LYALL BAY MAKARA MAKARA BEACH MAUPUIA MELROSE MIRAMAR MORNINGTON MOUNT COOK MOUNT VICTORIA NEWLANDS NEWTOWN NGAIO NORTHLAND OHARIU ORIENTAL BAY OWHIRO BAY PAPARANGI PIPITEA RONGOTAI ROSENEATH SEATOUN SOUTHGATE STRATHMORE PARK TAKAPU VALLEY TAWA TE ARO THORNDON VOGELTOWN WADESTOWN WELLINGTON CENTRAL WILTON WOODRIDGE

LATEST MEDIAN $ VALUE

MEDIAN VALUE 12 MONTHS AGO

BIGGEST SALE IN THE LAST SIX MONTHS

ONEROOF— VALOCITY HOUSE PRICE INDEX

$830,000 $850,000 $1,060,000 $775,000 $910,000 $910,000 $887,500 $535,000 $565,000 $840,000 $1,025,000 $1,010,000 $900,000 $935,000 $1,000,000 $725,000 $1,360,000 $1,325,000 $915,000 $1,260,000 $1,095,000 $810,000 $805,000 $895,000 $1,160,000 $635,000 $835,000 $950,000 $885,000 $830,000 $715,000 $1,055,000 $725,000 $895,000 $910,000 $960,000 $1,675,000 $1,995,000 $810,000 $720,000 $675,000 $805,000 $1,182,500 $1,407,500 $945,000 $820,000 $920,000 $725,000 $600,000 $805,000 $820,000 $1,085,000 $355,000 $865,000 $797,500

$765,000 $740,000 $977,500 $715,000 $845,000 $840,000 $807,500 $505,000 $530,000 $770,000 $940,000 $920,000 – $835,000 $880,000 $675,000 $1,285,000 $1,200,000 $820,000 $1,177,500 $1,030,000 $740,000 $750,000 $810,000 $605,000 $570,000 $745,000 $860,000 $800,000 $770,000 $640,000 $950,000 $650,000 $795,000 $840,000 $865,000 $790,000 $1,810,000 $725,000 $675,000 $617,500 $725,000 $1,135,000 $1,340,000 $830,000 $760,000 $1,197,500 $680,000 $570,000 $725,000 $745,000 $1,000,000 $350,000 $780,000 $730,000

$1,025,000 $1,107,500 – $1,107,000 $1,200,000 $1,505,000 $1,356,000 $415,000 $585,000 $1,180,000 $1,370,000 $1,235,004 – $1,037,000 $1,732,000 $1,340,000 $1,410,000 $1,630,000 $2,200,000 $2,175,000 $2,200,000 $1,051,000 $795,000 $1,711,000 $1,800,000 – $788,000 $1,020,000 $1,250,000 $957,000 $1,325,000 $2,534,000 $2,180,000 $882,000 $1,656,250 $1,380,000 $1,800,000 $2,170,000 $1,000,000 $860,000 $818,000 $901,680 $767,590 $2,148,000 $1,750,000 $1,325,000 – $1,180,000 $1,670,000 $1,620,000 $790,000 $1,520,000 $1,220,000 $1,011,000 $980,000

4.6% 4.6% 4.6% 4.6% 4.8% 0.6% 4.6% 4.6% 4.6% 4.6% 2.3% 4.6% 4.6% 4.6% 4.8% 4.2% 4.6% 4.6% 8.2% 4.6% 6.3% 0.0% 4.6% 4.6% 4.6% 4.6% 4.6% 4.6% 4.2% 4.6% 4.0% 12.8% 3.1% -10.8% 9.9% 4.6% 4.6% 4.6% 4.6% -3.1% 4.6% 4.6% 4.6% 4.6% 4.6% 4.6% 4.6% 1.3% 1.7% 3.3% 4.6% -2.8% -12.3% 4.6% 4.6%

PICTON PORT UNDERWOOD PORTAGE PUNGA COVE RAI VALLEY RAPAURA RARANGI REDWOOD PASS REDWOODTOWN RENWICK RIVERLANDS RIVERSDALE SEDDON SPRING CREEK SPRINGLANDS TE MAHIA TENNYSON INLET THE PINES TUAMARINA WAIHOPAI VALLEY WAIKAWA WAIRAU VALLEY WAITARIA BAY WARD WHATAMANGO BAY WITHERLEA YELVERTON NELSON ANNESBROOK ATAWHAI BEACHVILLE BISHOPDALE BRITANNIA HEIGHTS CABLE BAY ENNER GLYNN GLENDUAN HIRA MAITAI MARYBANK MOANA MONACO NELSON NELSON SOUTH STEPNEYVILLE STOKE TAHUNANUI THE BROOK THE WOOD TODDS VALLEY TOI TOI WAKAPUAKA WAKATU WASHINGTON VALLEY WHANGAMOA

LATEST MEDIAN $ VALUE

MEDIAN VALUE 12 MONTHS AGO

BIGGEST SALE IN THE LAST SIX MONTHS

ONEROOF— VALOCITY HOUSE PRICE INDEX

$405,000 $420,000 $665,000 $385,000 $525,000 $937,500 $530,000 $910,000 $430,000 $475,000 $822,500 $390,000 $340,000 $420,000 $560,000 $735,000 $712,500 $430,000 $600,000 $900,000 $585,000 $747,500 $565,000 $445,000 $770,000 $520,000 $677,500

$395,000 $435,000 $630,000 $340,000 – $1,155,000 $505,000 $770,000 $405,000 $470,000 $840,000 $375,000 $320,000 $415,000 $515,000 $720,000 $415,000 $340,000 $630,000 $870,000 $580,000 $692,500 $482,500 – $765,000 $485,000 $630,000

$820,000 $325,000 $520,000 – $625,000 $500,000 $810,000 – $660,000 $1,400,000 $1,350,000 $703,000 $390,000 $1,350,000 $1,650,000 $565,000 $425,000 $465,000 $850,000 $620,000 $853,000 $1,260,000 $700,000 $400,000 $1,900,000 $1,170,000 $461,500

5.2% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 6.6% 9.6% 5.0% 5.0% 5.0% 5.0% 9.0% 5.0% 5.0% 5.0% 5.0% 5.0% 0.3% 5.0% 5.0% 5.0% 5.0% 6.6% 5.0%

$540,000 $710,000 $630,000 $605,000 $1,095,000 $805,000 $670,000 $795,000 $825,000 $670,000 $725,000 $957,500 $580,000 $840,000 $535,000 $865,000 $590,000 $525,000 $565,000 $645,000 $727,500 $475,000 $957,500 $542,500 $510,000 $510,000

$510,000 $670,000 $585,000 $580,000 $1,030,000 $820,000 $635,000 $755,000 $720,000 $640,000 $685,000 $885,000 $540,000 $770,000 $500,000 $840,000 $550,000 $490,000 $530,000 $610,000 $685,000 $445,000 $835,000 $510,000 $490,000 $470,000

$715,000 $1,345,000 $720,750 $806,000 $1,970,000 $1,250,000 $1,005,000 – – $1,180,000 $840,000 $1,300,000 $906,000 $1,250,000 $1,170,000 $3,050,000 $955,000 $704,000 $675,000 $970,000 – $610,000 $960,000 $895,000 $1,050,000 $580,000

2.1% -1.7% 2.1% 2.1% 2.1% 2.1% 1.6% 2.1% 2.1% 2.1% 2.1% 2.1% -1.7% 2.1% 4.3% 2.1% 3.7% 2.3% 2.1% 1.3% 2.1% 2.9% 2.1% 2.1% 5.4% 2.1%

$1,157,500 $490,000 $860,000 $672,500 $680,000 $1,660,000 $600,000 $832,500 $820,000 $710,000 $707,500 $1,020,000 $550,000 $945,000 $957,500 $660,000 $872,500 $1,080,000 $775,000 $690,000 $425,000 $545,000 $715,000 $610,000 $505,000 $375,000 $705,000 $575,000 $520,000 $660,000 $720,000

$895,000 $370,000 $920,000 $642,500 $615,000 $1,455,000 $545,000 $775,000 $490,000 $650,000 $690,000 $1,095,000 $547,500 $815,000 $940,000 $665,000 $690,000 $900,000 $780,000 $620,000 $432,500 $505,000 $710,000 $585,000 $440,000 $412,500 $730,000 $525,000 $660,000 $635,000 $700,000

– – $720,000 $925,000 $920,000 – $750,000 – $261,000 – $571,000 – – $1,506,000 $565,000 – $2,200,000 – $1,220,000 – – $1,550,000 $675,000 $680,000 – $345,000 $620,000 $550,000 – $650,000 $1,850,000

2.1% 2.1% 2.1% 2.1% 1.9% 2.1% 2.1% 2.1% 2.1% 2.1% 2.1% 2.1% 2.1% 2.1% 2.1% 2.1% 2.1% 2.1% 2.1% 2.1% 2.1% 0.1% 2.1% 2.1% 2.1% 2.1% 2.1% 2.1% 2.1% 2.1% 2.1%

TASMAN

SOUTH ISLAND NELSON-MARLBOROUGH MARLBOROUGH ANAKIWA BAY OF MANY COVES BLENHEIM BLIND RIVER BURLEIGH CANVASTOWN DOUBLE COVE ELAINE BAY ENDEAVOUR INLET FAIRHALL GROVETOWN HAVELOCK HAWKESBURY ISLINGTON KAITUNA KAIUMA BAY KOROMIKO LINKWATER LOCHMARA BAY MAHAU SOUND MAYFIELD MOETAPU BAY MOUNT PLEASANT OKARAMIO OKIWI BAY ONAHAU BAY ONAMALUTU PELORUS BRIDGE

LOCATION

$585,000 $472,500 $435,000 $510,000 $715,000 $495,000 $835,000 $470,000 $435,000 $1,025,000 $520,000 $475,000 $1,160,000 $415,000 $765,000 $660,000 $695,000 $515,000 $490,000 $665,000 $400,000 $715,000 $755,000 $665,000 $570,000 $520,000 $705,000 $760,000

$555,000 $392,500 $405,000 $345,000 $685,000 $412,500 $742,500 $442,500 $455,000 $965,000 $515,000 $455,000 $1,085,000 $395,000 $735,000 $390,000 $652,500 $480,000 $400,000 $740,000 $380,000 $715,000 $802,500 $650,000 $540,000 $927,500 $722,500 –

$500,000 – $785,000 – $730,000 $430,000 – $660,000 – – $890,000 $490,000 $980,000 $620,000 $931,000 $575,000 $229,000 $220,000 – $795,000 $821,000 $980,000 $370,000 – $745,000 – $795,600 –

5.0% 5.0% 3.9% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 0.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0%

TASMAN APPLEBY BAINHAM BELGROVE BEST ISLAND BRIGHTWATER BRONTE BROOKLYN CLIFTON COLLINGWOOD DOVEDALE EAST TAKAKA EIGHTY EIGHT VALLEY GLENHOPE HOPE KAITERITERI LIGAR BAY LOWER MOUTERE MAHANA MAPUA MARAHAU MATIRI MOTUEKA MOTUEKA VALLEY MOTUPIKO MOTUPIPI MURCHISON NGATIMOTI ONEKAKA PAKAWAU PARAPARA PATONS ROCK

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LATEST MEDIAN $ VALUE

MEDIAN VALUE 12 MONTHS AGO

BIGGEST SALE IN THE LAST SIX MONTHS

ONEROOF— VALOCITY HOUSE PRICE INDEX

$915,000 $660,000 $335,000 $700,000 $762,500 $1,195,000 $660,000 $575,000 $577,500 $370,000 $975,000 $545,000 $490,000 $632,500 $610,000 $470,000 $450,000 $1,205,000 $740,000 $640,000 $1,040,000 $365,000 $960,000 $865,000 $645,000

$925,000 $595,000 $670,000 $670,000 $690,000 $960,000 $620,000 $520,000 $332,500 $405,000 $987,500 $540,000 $445,000 $307,500 $302,500 $427,500 $400,000 $1,072,500 $715,000 $640,000 $945,000 $342,500 $1,087,500 – $615,000

– $715,000 $695,000 $465,000 $950,000 $1,680,000 $1,060,000 $920,000 $465,000 – $1,275,000 $280,000 $495,000 – $696,000 $950,000 $550,000 $1,510,000 $1,502,000 $800,000 $1,265,000 – $1,250,000 – $1,435,000

2.1% 2.1% 2.1% 2.1% 2.1% 2.1% 3.1% 2.1% 2.1% 2.1% 2.1% 2.1% 2.1% 2.1% 2.1% 2.1% 2.1% 2.1% 2.1% 2.1% 2.1% 2.1% 2.1% 2.1% 10.5%

BULLER BIRCHFIELD BLACKS POINT CAPE FOULWIND CARTERS BEACH CHARLESTON FAIRDOWN GRANITY HECTOR IKAMATUA INANGAHUA KARAMEA LITTLE WANGANUI LOWER BULLER GORGE MARUIA MAWHERAITI MILLERTON MOKIHINUI NGAKAWAU PUNAKAIKI REEFTON SEDDONVILLE SPRINGS JUNCTION VIRGIN FLAT WAIMANGAROA WESTPORT

$245,000 $165,000 $545,000 $310,000 $340,000 $387,500 $195,000 $555,000 $300,000 $262,500 $240,000 $232,500 $370,000 $290,000 $240,000 $125,000 $240,000 $100,000 $352,500 $170,000 $192,500 $217,500 $347,500 $230,000 $220,000

$190,000 $145,000 $485,000 $295,000 $395,000 $325,000 $195,000 $165,000 $130,000 $250,000 $230,000 $260,000 $615,000 $172,500 $245,000 $122,500 $230,000 – $257,500 $160,000 $175,000 $187,500 $335,000 $165,000 $210,000

$280,000 – $600,000 $465,000 $360,000 $490,000 $290,000 $152,000 – $185,000 $450,000 $425,000 $440,000 – – – $300,000 $85,000 $275,000 $360,000 $76,200 – $360,000 $210,000 $597,000

2.2% 2.2% 2.2% 2.2% 2.2% 2.2% 2.2% 2.2% 2.2% 2.2% 2.2% 2.2% 2.2% 2.2% 2.2% 2.2% 2.2% 2.2% 2.2% -3.3% 2.2% 2.2% 2.2% 2.2% 2.2%

GREY ARNOLD VALLEY BARRYTOWN BLACKBALL BLAKETOWN CAMERONS COAL CREEK COBDEN DOBSON DUNOLLIE GLADSTONE GREYMOUTH INCHBONNIE KAIATA KARORO MARSDEN MOANA NGAHERE PAROA RAPAHOE RUNANGA RUTHERGLEN STILLWATER TAYLORVILLE

$250,000 $347,500 $135,000 $165,000 $297,500 $290,000 $150,000 $150,000 $160,000 $295,000 $250,000 $325,000 $200,000 $330,000 $475,000 $420,000 $180,000 $395,000 $257,500 $165,000 $530,000 $115,000 $122,500

$245,000 $352,500 $90,000 $165,000 $290,000 $300,000 $140,000 $150,000 $105,000 $290,000 $240,000 $350,000 $205,000 $320,000 $470,000 $380,000 $170,000 $395,000 $280,000 $105,000 $472,500 $120,000 $120,000

$455,000 $422,000 $265,000 $232,000 $252,000 $477,000 $195,000 $180,000 $189,000 – $450,000 – $455,000 $600,000 $555,000 $540,000 $70,000 $498,000 $341,000 $230,000 – $179,000 $358,000

0.3% 0.3% 0.3% 0.3% 0.3% 0.3% 0.3% 0.3% 0.3% 0.3% 5.5% 0.3% 0.3% 0.3% 0.3% 0.3% 0.3% 0.3% 0.3% 0.3% 0.3% 0.3% 0.3%

WESTLAND ARAHURA VALLEY AWATUNA BLUE SPUR BRUCE BAY FRANZ JOSEF GLACIER HAAST HARIHARI HOKITIKA

$425,000 $430,000 $500,000 $205,000 $335,000 $240,000 $145,000 $280,000

$440,000 $462,500 $482,500 $175,000 $375,000 $240,000 – $255,000

$350,000 $485,000 $545,000 – – $300,000 – $430,000

-1.5% -1.5% -1.5% -1.5% -1.5% -1.5% -1.5% -1.5%

LOCATION PIGEON VALLEY POHARA PUPONGA PURAMAHOI RANGIHAEATA REDWOOD VALLEY RICHMOND RIWAKA ROCKVILLE ROTOROA RUBY BAY SHENANDOAH ST ARNAUD STANLEY BROOK TADMOR TAKAKA TAPAWERA TASMAN TATA BEACH THORPE UPPER MOUTERE UPPER TAKAKA WAI-ITI WAIROA VALLEY WAKEFIELD

WEST COAST

LOCATION JACKSON BAY JACKSONS KANIERE KOKATAHI KUMARA KUMARA JUNCTION OKARITO ROSS RUATAPU SEAVIEW WHATAROA

LATEST MEDIAN $ VALUE

MEDIAN VALUE 12 MONTHS AGO

BIGGEST SALE IN THE LAST SIX MONTHS

ONEROOF— VALOCITY HOUSE PRICE INDEX

$255,000 $490,000 $342,500 $565,000 $200,000 $352,500 $332,500 $515,000 $382,500 $245,000 $140,000

$250,000 – $295,000 $290,000 $180,000 $455,000 $347,500 – $447,500 $407,500 $140,000

$242,000 $400,000 $400,000 $380,000 $470,000 $530,000 $265,000 – $280,000 – $155,000

-1.5% -1.5% -1.5% -1.5% -1.5% -1.5% -1.5% -1.5% -1.5% -1.5% -1.5%

$415,000 $395,000 $335,000 $355,000 $702,500 $532,500 $750,000 $340,000 $865,000 $310,000 $290,000 $715,000 $425,000 $860,000 $330,000 $325,000 $745,000 $335,000 $485,000 $890,000 $360,000 $255,000 $752,500 $697,500

$680,000 $370,000 $325,000 $345,000 $637,500 $507,500 $660,000 $305,000 $885,000 $285,000 $347,500 $705,000 $400,000 – $450,000 $305,000 $655,000 $340,000 $640,000 $690,000 $340,000 $265,000 $755,000 $762,500

– $1,320,000 $545,000 $290,000 – $512,000 $850,000 – $830,000 $393,000 $462,500 $745,000 $718,000 $900,000 $325,000 $570,000 $750,000 $485,000 – $501,000 $770,000 $265,000 $830,000 $820,000

4.9% 7.1% 8.1% 4.9% 4.9% 4.9% 4.9% 4.9% 4.9% 4.7% 4.9% 4.9% 7.9% 4.9% 4.9% 4.9% 4.9% 4.9% 4.9% 4.9% 4.3% 4.9% 4.9% 4.9%

$370,000 $660,000 $655,000 $625,000 $305,000 $370,000 $550,000 $360,000 $555,000 $445,000 $257,500 $495,000 $470,000 $902,500 $345,000 $380,000 $472,500 $490,000 $540,000 $430,000 $495,000 $700,000 $725,000 $565,000 $425,000 $760,000 $477,500 $530,000 $410,000 $505,000 $590,000 $370,000 $1,030,000 $810,000 $705,000 $665,000 $550,000 $645,000 $505,000 $405,000 $465,000 $500,000 $445,000 $415,000 $520,000 $715,000 $620,000 $405,000 $325,000

$355,000 $660,000 $585,000 $635,000 $275,000 $340,000 $550,000 $345,000 $530,000 $420,000 $265,000 $165,000 $450,000 $852,500 $330,000 $402,500 $450,000 $460,000 $525,000 $410,000 $467,500 $655,000 $700,000 $535,000 $390,000 $730,000 $455,000 $495,000 $380,000 $470,000 $420,000 $340,000 $1,000,000 $567,500 $580,000 $675,000 $530,000 $650,000 $485,000 $380,000 $445,000 $472,500 $415,000 $395,000 $402,500 $697,500 $630,000 $370,000 $315,000

$531,000 $1,051,000 $1,545,000 – $419,000 $520,000 $830,000 $390,000 $598,000 $1,435,000 $310,000 $143,000 $697,000 $850,000 $470,000 – $700,000 $1,680,000 $1,755,000 $722,500 $955,000 $1,600,000 – – $1,400,000 $685,000 – $533,000 $550,000 $1,300,000 $315,000 $620,000 $2,525,000 $305,000 $610,500 – $1,100,000 $1,400,000 $615,000 $630,000 $701,500 $869,000 $1,220,000 $820,000 $415,000 $1,108,888 $1,150,000 $485,000 $479,000

13.5% 4.6% -1.8% 6.6% 8.2% -6.4% 4.3% 6.6% 6.6% -0.8% 6.6% 6.6% 10.5% 6.6% -3.2% 6.6% 5.5% 3.1% 5.5% 4.7% 4.5% 12.2% 6.6% 6.6% 4.1% 6.6% 6.6% 6.6% 6.6% 6.6% 6.6% 1.3% -4.6% 6.6% 6.6% 6.6% 1.9% 0.0% 6.6% 6.3% 6.6% 3.2% 1.0% 1.7% 6.6% 6.6% 6.5% 6.6% 6.6%

CANTERBURY ASHBURTON ALFORD FOREST ALLENTON ASHBURTON CHERTSEY DROMORE EIFFELTON ELGIN FAIRTON GREENSTREET HAMPSTEAD HINDS HUNTINGDON METHVEN MOUNT HUTT MOUNT SOMERS NETHERBY NEWLAND RAKAIA STAVELEY SURREY HILLS TINWALD WAKANUI WILLOWBY WINSLOW CHRISTCHURCH ADDINGTON AIDANFIELD AKAROA ALLANDALE ARANUI AVONDALE AVONHEAD AVONSIDE BECKENHAM BELFAST BEXLEY BIRDLINGS FLAT BISHOPDALE BOTTLE LAKE BROMLEY BROOKLANDS BROOMFIELD BRYNDWR BURNSIDE BURWOOD CASEBROOK CASHMERE CASS BAY CHARTERIS BAY CHRISTCHURCH CENTRAL CLIFTON CORSAIR BAY CRACROFT DALLINGTON DIAMOND HARBOUR DUVAUCHELLE EDGEWARE FENDALTON FRENCH FARM GEBBIES VALLEY GOVERNORS BAY HALSWELL HAREWOOD HEATHCOTE VALLEY HEI HEI HILLMORTON HILLSBOROUGH HOON HAY HORNBY HORNBY SOUTH HUNTSBURY ILAM ISLINGTON KAINGA

25

26

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LATEST MEDIAN $ VALUE

MEDIAN VALUE 12 MONTHS AGO

BIGGEST SALE IN THE LAST SIX MONTHS

ONEROOF— VALOCITY HOUSE PRICE INDEX

$1,102,500 $380,000 $330,000 $455,000 $570,000 $475,000 $435,000 $665,000 $855,000 $672,500 $690,000 $350,000 $375,000 $390,000 $650,000 $395,000 $525,000 $952,500 $475,000 $495,000 $307,500 $335,000 $485,000 $545,000 $695,000 $445,000 $455,000 $380,000 $875,000 $547,500 $490,000 $485,000 $1,022,500 $415,000 $440,000 $490,000 $385,000 $445,000 $540,000 $445,000 $530,000 $780,000 $675,000 $385,000 $505,000 $475,000 $475,000 $640,000 $345,000 $685,000 $345,000 $742,500 $620,000 $360,000 $595,000

$1,090,000 $547,500 $310,000 $535,000 $370,000 $445,000 $417,500 $640,000 $810,000 $645,000 $680,000 $330,000 $355,000 $375,000 $650,000 $452,500 $505,000 $835,000 $450,000 $455,000 $290,000 $530,000 – $515,000 $667,500 $435,000 $435,000 $357,500 $797,500 $515,000 $480,000 $450,000 $1,005,000 $390,000 $420,000 $455,000 $365,000 $430,000 $520,000 $420,000 $500,000 $770,000 $625,000 $360,000 $470,000 $430,000 $455,000 $635,000 $320,000 $445,000 $330,000 $710,000 $610,000 $335,000 $570,000

$760,000 – $530,000 – $760,000 $1,325,000 $775,000 $1,660,000 $2,200,000 $1,100,000 $1,275,000 $575,000 $555,000 $469,000 $2,450,000 – $765,000 $1,900,000 $927,000 $1,410,000 $1,160,000 $605,000 – $650,000 $1,300,000 $687,500 $1,850,000 $750,000 $1,385,000 $435,000 $762,500 $803,000 $970,000 $638,000 $715,000 $765,000 $767,500 $811,111 $600,000 $606,000 $1,660,000 $1,585,000 $1,485,000 $834,000 – $785,000 $1,380,000 $1,080,000 $401,000 $480,000 $425,000 $1,290,000 $930,000 $750,000 $950,000

6.6% 6.6% 0.3% 6.6% 6.6% -2.9% 7.5% 5.1% 2.4% 6.6% 4.0% 1.3% -1.0% 6.6% -4.4% 6.6% 6.6% 6.6% -2.3% 2.4% -2.9% 6.6% 6.6% 6.6% -2.1% -1.6% 1.2% 3.3% 6.6% 6.6% 0.9% 8.4% 6.6% 2.5% 4.1% 1.0% 6.6% 6.6% 6.6% 1.5% -1.8% 5.3% -4.7% -2.2% 6.6% 2.7% -0.1% 6.6% 6.6% 6.6% -3.7% 6.6% 1.4% 4.1% 6.6%

HURUNUI AMBERLEY BALCAIRN BROOMFIELD CHEVIOT CULVERDEN DOMETT GLASNEVIN GORE BAY HANMER SPRINGS HAWARDEN HUNDALEE LEITHFIELD LYFORD MEDBURY MOTUNAU WAIAU WAIKARI WAIPARA

$460,000 $640,000 $652,500 $245,000 $295,000 $317,500 $640,000 $440,000 $510,000 $525,000 $390,000 $385,000 $382,500 $500,000 $270,000 $202,500 $250,000 $400,000

$435,000 $680,000 $630,000 $245,000 $312,500 $240,000 $620,000 $445,000 $515,000 – – $365,000 – – – $390,000 $255,000 $305,000

$1,055,000 $690,000 – $410,000 $370,000 $310,000 – $720,000 $785,000 $439,000 $460,000 $850,000 $420,000 – $387,500 $530,000 $400,000 $350,000

4.6% 1.3% 1.3% 1.3% 1.3% 1.3% 1.3% 1.3% 5.4% 1.3% 1.3% 1.3% 1.3% 1.3% 1.3% 1.3% 1.3% 1.3%

KAIKOURA CLARENCE HAPUKU INLAND ROAD KAIKOURA KAIKOURA FLAT OARO SOUTH BAY

$300,000 $705,000 $522,500 $470,000 $660,000 $380,000 $570,000

$315,000 $675,000 $640,000 $450,000 $615,000 $375,000 $570,000

$310,000 $465,000 $635,000 $740,000 $976,000 – $615,000

5.5% 5.5% 5.5% 5.5% 5.5% 5.5% 5.5%

MACKENZIE ALBURY ASHWICK FLAT BEN OHAU BURKES PASS

$180,000 $575,000 $837,500 $400,000

$520,000 $542,500 $755,000 $415,000

– – $750,000 –

5.5% 5.5% 5.5% 5.5%

LOCATION KENNEDYS BUSH LE BONS BAY LINWOOD LITTLE AKALOA LITTLE RIVER LYTTELTON MAIREHAU MARSHLAND MERIVALE MONCKS BAY MOUNT PLEASANT NEW BRIGHTON NORTH NEW BRIGHTON NORTHCOTE NORTHWOOD OKAINS BAY OPAWA OURUHIA PAPANUI PARKLANDS PHILLIPSTOWN PIGEON BAY PURAU RAPAKI REDCLIFFS REDWOOD RICCARTON RICHMOND RICHMOND HILL ROBINSONS BAY RUSSLEY SAINT MARTINS SCARBOROUGH SHIRLEY SOCKBURN SOMERFIELD SOUTH NEW BRIGHTON SOUTHSHORE SPENCERVILLE SPREYDON ST ALBANS STROWAN SUMNER SYDENHAM TAKAMATUA TEMPLETON UPPER RICCARTON WAIMAIRI BEACH WAINONI WAINUI WALTHAM WESTMORLAND WIGRAM WOOLSTON YALDHURST

LATEST MEDIAN $ VALUE

MEDIAN VALUE 12 MONTHS AGO

BIGGEST SALE IN THE LAST SIX MONTHS

ONEROOF— VALOCITY HOUSE PRICE INDEX

FAIRLIE LAKE TEKAPO TWIZEL

$355,000 $935,000 $520,000

$360,000 $1,000,000 $475,000

$1,265,000 $592,000 $780,000

5.5% 5.5% 5.5%

SELWYN ARTHUR’S PASS NATIONAL PARK BANKSIDE BURNHAM CASTLE HILL CHARING CROSS COALGATE DARFIELD DOYLESTON DUNSANDEL GREENDALE HORORATA KIRWEE LAKE COLERIDGE LEESTON LINCOLN MOTUKARARA PREBBLETON ROLLESTON SHEFFIELD SOUTHBRIDGE SPRINGFIELD SPRINGSTON TAI TAPU WADDINGTON WEST MELTON WHITECLIFFS WINDWHISTLE

$300,000 $700,000 $787,500 $375,000 $865,000 $337,500 $535,000 $522,500 $675,000 $735,000 $425,000 $645,000 $280,000 $470,000 $640,000 $800,000 $760,000 $560,000 $320,000 $390,000 $360,000 $700,000 $745,000 $365,000 $870,000 $335,000 $630,000

– – $710,000 – $810,000 $337,500 $515,000 $447,500 $490,000 $675,000 $397,500 $630,000 $280,000 $460,000 $640,000 $645,000 $740,000 $550,000 – $355,000 $565,000 $677,500 $785,000 $367,500 $820,000 $340,000 $610,000

– $730,000 $1,400,000 $540,000 $975,000 – $1,070,000 $460,000 $800,000 $722,000 $1,170,000 $825,000 $310,000 $1,210,000 $1,550,000 $588,000 $1,950,000 $1,500,000 $955,000 $780,000 $360,000 $1,300,000 $2,550,000 $350,000 $1,655,000 – $615,000

-0.2% -0.2% -0.2% -0.2% -0.2% -0.2% -3.3% -0.2% -0.2% -0.2% -0.2% -0.2% -0.2% 0.4% -1.6% -0.2% -2.2% 0.4% -0.2% -0.2% -0.2% -0.2% -0.2% -0.2% -0.6% -0.2% -0.2%

$245,000 $817,500 $645,000 $400,000 $785,000 $580,000 $515,000 $400,000 $1,082,500 $420,000 $320,000 $605,000 $587,500 $710,000 $400,000 $350,000 $575,000 $640,000 $410,000 $435,000 $707,500 $817,500 $265,000 $625,000 $325,000 $430,000 $395,000 $290,000 $637,500 $550,000 $330,000 $550,000 $340,000 $335,000 $515,000 $345,000 $612,500 $365,000 $695,000 $335,000 $345,000 $315,000 $455,000

$595,000 $805,000 $710,000 $375,000 $727,500 $560,000 $490,000 $400,000 $1,075,000 $405,000 $300,000 $640,000 $617,500 $702,500 $390,000 $335,000 $545,000 $617,500 $380,000 $415,000 $710,000 $777,500 $242,500 $670,000 $305,000 $260,000 $370,000 $255,000 $642,500 $577,500 $310,000 – $305,000 $307,500 – $330,000 $615,000 $340,000 $730,000 $310,000 $325,000 $355,000 $445,000

$195,000 $875,000 – $785,000 $1,220,000 $420,000 $945,000 $660,000 $955,000 $780,000 $452,500 $157,000 $962,000 $887,750 $600,000 $879,000 – – $395,000 $466,000 – – $595,000 – $570,000 $440,000 $720,000 – – $450,000 $580,000 – $740,000 $800,000 $780,000 $750,000 – $769,000 $2,050,000 $650,000 $765,000 $282,000 –

0.6% 0.6% 0.6% 4.2% 0.6% 0.6% 7.5% 0.6% 0.6% 1.6% -1.4% 0.6% 0.6% 0.6% 0.6% 2.4% 0.6% 0.6% 0.6% 0.6% 0.6% 0.6% 0.6% 0.6% 0.6% 0.6% 0.0% 0.6% 0.6% 0.6% -4.6% 0.6% -0.9% 0.6% 0.6% 1.4% 0.6% 0.6% 0.6% -6.6% -3.3% 0.6% 0.6%

$690,000 $615,000 $975,000 $520,000 $740,000 $685,000 $825,000 $850,000 $465,000 $755,000 $905,000

$680,000 $545,000 $935,000 $532,500 $735,000 $665,000 $840,000 $870,000 $440,000 $730,000 $920,000

$880,000 $825,000 $1,240,000 – $785,000 $950,000 $840,000 – $750,000 $1,030,000 $2,560,000

1.3% 1.3% 1.3% 1.3% 1.3% 1.3% 1.3% 1.3% 2.3% 1.3% 1.3%

LOCATION

TIMARU CAVE CLAREMONT FAIRVIEW GERALDINE GERALDINE DOWNS GERALDINE FLAT GLENITI GLENWOOD HADLOW HIGHFIELD KENSINGTON KERRYTOWN LEVELS LEVELS VALLEY MAORI HILL MARCHWIEL MILFORD NORMANBY OCEANVIEW ORARI ORARI BRIDGE OTIPUA CREEK PAREORA PAREORA WEST PARKSIDE PEEL FOREST PLEASANT POINT REDRUTH SALISBURY SEADOWN SEAVIEW SUTHERLANDS TEMUKA TIMARU TOTARA VALLEY WAIMATAITAI WAITOHI WASHDYKE WASHDYKE FLAT WATLINGTON WEST END WINCHESTER WOODBURY WAIMAKARIRI ASHLEY BURNT HILL CLARKVILLE COOPERS CREEK CUST EYREWELL FOREST FERNSIDE FLAXTON KAIAPOI LOBURN OHOKA

OneRoof.co.nz

LATEST MEDIAN $ VALUE

MEDIAN VALUE 12 MONTHS AGO

BIGGEST SALE IN THE LAST SIX MONTHS

ONEROOF— VALOCITY HOUSE PRICE INDEX

OKUKU OXFORD PEGASUS RANGIORA SEFTON STARVATION HILL SWANNANOA THE PINES BEACH TUAHIWI VIEW HILL WAIKUKU WAIKUKU BEACH WEST EYRETON WOODEND WOODEND BEACH

$700,000 $450,000 $520,000 $465,000 $687,500 $660,000 $820,000 $315,000 $545,000 $590,000 $720,000 $410,000 $720,000 $485,000 $400,000

$737,500 $440,000 $510,000 $460,000 $700,000 $637,500 $840,000 – $525,000 $550,000 $750,000 $385,000 $720,000 $455,000 $332,500

$720,000 $650,000 $1,310,000 $1,545,000 $765,000 $825,000 $1,150,000 $333,000 $879,000 – $1,100,000 $465,000 $1,109,750 $625,000 $609,000

1.3% -7.0% 2.2% 2.1% 1.3% 1.3% 1.3% 1.3% 1.3% 1.3% 1.3% 1.3% 1.3% 0.6% 1.3%

WAIMATE GLENAVY HUNTER MAKIKIHI MORVEN OTAIO SAINT ANDREWS WAIMATE

$240,000 $525,000 $400,000 $272,500 $460,000 $555,000 $295,000

$235,000 $510,000 $375,000 $210,000 $400,000 $425,000 $280,000

$325,000 – – – – $390,000 $885,000

5.5% 5.5% 5.5% 5.5% 5.5% 5.5% 5.5%

$515,000 $980,000 $620,000 $885,000 $595,000 $275,000 $1,195,000 $672,500 $1,042,500 $260,000 $1,075,000 $260,000 $260,000 $1,000,000 $1,062,500 $1,315,000 $260,000 $885,000 $350,000 $1,495,000 $365,000 $717,500 $240,000 $1,145,000 $260,000 $322,500 $280,000 $307,500 $957,500 $955,000 $420,000 $277,500

$480,000 $705,000 $560,000 $795,000 $575,000 $335,000 $1,162,500 $595,000 $925,000 $280,000 $942,500 – $275,000 $887,500 $992,500 $1,020,000 $275,000 $805,000 $285,000 $950,000 $385,000 $757,500 – $985,000 $225,000 $285,000 $280,000 $340,000 $840,000 $785,000 $100,000 –

$929,000 $745,000 $585,000 – $865,000 – $1,150,000 $2,125,000 $880,000 – $775,000 – $295,000 – – – – $1,075,000 $420,000 $1,357,000 $425,000 – $350,000 $995,000 $375,000 $535,000 $347,500 – $1,600,000 $850,000 – –

-6.0% -3.9% -3.9% -3.9% -3.9% -3.9% -3.9% -0.5% -3.9% -3.9% -3.9% -3.9% -3.9% -3.9% -3.9% -3.9% -3.9% -3.9% -3.9% -3.9% -3.9% -3.9% -3.9% -3.9% -0.3% -3.9% -3.9% -3.9% -3.9% -3.9% -3.9% -3.9%

CLUTHA BALCLUTHA BENHAR CLINTON CLYDEVALE EDIEVALE HERIOT INCH CLUTHA KAITANGATA KAKA POINT LAWRENCE MILBURN MILTON OWAKA STIRLING TABLE HILL TAIERI BEACH TAIERI MOUTH TAPANUI TE HOUKA TITRI WAIHOLA WAIPORI FALLS WAITAHUNA WAREPA

$315,000 $145,000 $150,000 $620,000 $112,500 $105,000 $325,000 $180,000 $375,000 $290,000 $475,000 $295,000 $210,000 $300,000 $460,000 $355,000 $427,500 $235,000 $567,500 $350,000 $435,000 $120,000 $295,000 $575,000

$265,000 – $120,000 $990,000 – – – $150,000 $355,000 $220,000 $240,000 $260,000 $155,000 $220,000 $415,000 $292,500 $345,000 $192,500 $530,000 $360,000 $385,000 $100,000 – $540,000

$585,000 $185,000 $250,000 $355,000 – – – $360,000 $482,500 $490,000 – $475,000 $700,000 $255,000 – $880,000 $725,000 $370,000 – – – $146,500 $295,000 $560,000

1.9% 1.4% 1.4% 1.4% 1.4% 1.4% 1.4% 1.4% 1.4% 1.4% 1.4% 2.4% 1.4% 1.4% 1.4% 1.4% 1.4% 1.4% 1.4% 1.4% 1.4% 1.4% 1.4% 1.4%

DUNEDIN ABBOTSFORD ALLANTON

$500,000 $625,000

$435,000 $500,000

$628,000 $640,300

0.6% 0.6%

LOCATION

OTAGO CENTRAL OTAGO ALEXANDRA BANNOCKBURN BRIDGE HILL CHATTO CREEK CLYDE COAL CREEK FLAT CONROYS GULLY CROMWELL EARNSCLEUGH ETTRICK GALLOWAY KYEBURN LAKE ROXBURGH VILLAGE LETTS GULLY LITTLE VALLEY LOWBURN MILLERS FLAT MOUNT PISA NASEBY NEVIS OMAKAU OPHIR PATEAROA QUEENSBERRY RANFURLY ROXBURGH ROXBURGH EAST SAINT BATHANS SPRINGVALE TARRAS WAIPIATA WEDDERBURN

LOCATION ANDERSONS BAY ARAMOANA BALACLAVA BELLEKNOWES BLACKHEAD BRADFORD BRIGHTON BROAD BAY BROCKVILLE CALTON HILL CAREYS BAY CAVERSHAM CHAINHILLS CLYDE HILL COMPANY BAY CONCORD CORSTORPHINE DALMORE DEBORAH BAY DUNEDIN CENTRAL EAST TAIERI EVANSDALE FAIRFIELD FORBURY GLENLEITH GLENROSS GREEN ISLAND HALFWAY BUSH HARINGTON POINT HARWOOD HELENSBURGH HENLEY HIGHCLIFF KAIKORAI KARITANE KENMURE KENSINGTON KEW KINMONT PARK KURI BUSH LIBERTON LONG BEACH LOOKOUT POINT LOWER PORTOBELLO MACANDREW BAY MAIA MAORI HILL MARYHILL MIDDLEMARCH MIHIWAKA MOMONA MORNINGTON MOSGIEL MOUNT CARGILL MOUNT GRAND MUSSELBURGH NORMANBY NORTH DUNEDIN NORTH EAST VALLEY NORTH TAIERI OCEAN GROVE OCEAN VIEW OPOHO OUTRAM PINE HILL PORT CHALMERS PORTOBELLO PURAKAUNUI RAVENSBOURNE RIVERSIDE ROSENEATH ROSLYN SAINT CLAIR SAINT KILDA SAINT LEONARDS SAWYERS BAY SCROGGS HILL SHIEL HILL SOUTH DUNEDIN TAINUI THE COVE THE GLEN UPPER WAITATI VAUXHALL WAIKOUAITI WAITATI WAKARI WALDRONVILLE WARRINGTON WAVERLEY

27

LATEST MEDIAN $ VALUE

MEDIAN VALUE 12 MONTHS AGO

BIGGEST SALE IN THE LAST SIX MONTHS

ONEROOF— VALOCITY HOUSE PRICE INDEX

$585,000 $422,500 $530,000 $660,000 $1,085,000 $480,000 $550,000 $535,000 $420,000 $405,000 $492,500 $380,000 $967,500 $420,000 $727,500 $510,000 $435,000 $482,500 $475,000 $575,000 $795,000 $407,500 $620,000 $390,000 $630,000 $562,500 $495,000 $495,000 $442,500 $375,000 $570,000 $520,000 $707,500 $485,000 $435,000 $525,000 $370,000 $560,000 $585,000 $627,500 $420,000 $450,000 $340,000 $455,000 $625,000 $525,000 $810,000 $530,000 $315,000 $990,000 $717,500 $490,000 $560,000 $880,000 $1,035,000 $550,000 $440,000 $660,000 $465,000 $1,135,000 $425,000 $550,000 $570,000 $625,000 $492,500 $480,000 $525,000 $420,000 $450,000 $1,175,000 $527,500 $710,000 $665,000 $440,000 $585,000 $500,000 $922,500 $655,000 $365,000 $515,000 $830,000 $405,000 $1,015,000 $755,000 $360,000 $605,000 $505,000 $585,000 $460,000 $665,000

$490,000 $247,500 $440,000 $555,000 $955,000 $400,000 $450,000 $490,000 $365,000 $330,000 $400,000 $320,000 $845,000 $325,000 $660,000 $415,000 $355,000 $372,500 $570,000 $470,000 $687,500 $542,500 $520,000 $340,000 $525,000 $480,000 $420,000 $405,000 $350,000 $360,000 $480,000 $240,000 $622,500 $410,000 $390,000 $445,000 $345,000 $475,000 $480,000 $327,500 $340,000 $255,000 $282,500 $395,000 $555,000 $445,000 $690,000 $450,000 – $535,000 $370,000 $420,000 $470,000 $730,000 $935,000 $465,000 $395,000 $545,000 $390,000 $1,045,000 $390,000 $445,000 $490,000 $520,000 $455,000 $400,000 $480,000 $345,000 $375,000 $630,000 $425,000 $610,000 $560,000 $375,000 $490,000 $400,000 $835,000 $550,000 $295,000 $445,000 $670,000 $342,500 $795,000 $655,000 $305,000 $442,500 $430,000 $495,000 $410,000 $570,000

$903,000 – $510,000 $860,000 $740,000 $570,000 $695,000 $540,000 $545,000 $520,000 $550,000 $512,256 $595,000 $490,000 – $625,500 $725,000 – – $1,130,000 $1,125,000 $763,000 $1,080,000 $500,008 $659,565 $700,000 $570,000 $555,000 – $600,000 $705,501 – $671,000 $895,000 $758,000 $800,000 – $784,000 $700,000 $870,000 $600,200 $446,000 – $408,000 $605,000 $460,000 $1,300,000 $571,000 $342,000 $800,000 $607,500 $991,000 $1,170,000 $815,000 $991,000 $655,000 $829,000 $1,025,000 $815,000 $1,510,000 $715,000 $936,000 $680,000 $910,000 – $780,000 $585,000 $388,000 $692,000 – – $1,850,000 $1,320,000 $695,000 $700,000 $610,000 – $727,000 $525,000 $605,000 $640,000 $390,000 – $870,000 $710,000 $958,000 $750,001 $887,000 $430,000 $1,260,000

5.4% 0.6% 0.6% 0.6% 0.6% 0.6% 0.6% 0.6% 0.6% 0.5% 0.6% -0.0% 0.6% 0.6% 0.6% 0.6% 0.6% 0.6% 0.6% -3.1% 0.6% 0.6% 9.2% 0.6% 0.6% 0.6% -2.5% 0.6% 0.6% 0.6% 0.6% 0.6% 0.6% -0.5% 0.6% 0.6% 0.6% 0.6% 0.6% 0.6% 0.6% 0.6% 0.6% 0.6% 0.6% 0.6% -3.4% 0.6% 0.6% 0.6% 0.6% -7.7% -1.2% 0.6% 0.6% 0.6% 0.6% -4.4% 2.9% 0.6% 0.6% 0.6% 0.6% 0.6% 0.6% 0.6% 0.6% 0.6% 0.6% 0.6% 0.6% 4.2% 1.5% -1.1% 0.6% 0.6% 0.6% 0.6% 0.6% 0.6% 0.6% 0.6% 0.6% 0.6% 0.6% 0.6% 4.2% 0.6% 0.6% 0.6%

28

OneRoof.co.nz

LATEST MEDIAN $ VALUE

MEDIAN VALUE 12 MONTHS AGO

BIGGEST SALE IN THE LAST SIX MONTHS

ONEROOF— VALOCITY HOUSE PRICE INDEX

$550,000 $472,500 $762,500

$442,500 $380,000 $395,000

$400,000 $680,000 $780,000

0.6% 0.6% 0.6%

$795,000 $2,420,000 $1,115,000 $1,005,000 $1,535,000 $1,020,000 $2,190,000 $2,675,000 $830,000 $900,000 $1,830,000 $530,000 $1,175,000 $1,267,500 $2,005,000 $1,535,000 $575,000 $730,000 $980,000 $1,020,000 $637,500 $1,215,000 $1,035,000 $3,625,000 $810,000 $1,055,000

$795,000 $2,410,000 $1,085,000 $1,030,000 $1,750,000 $935,000 $2,412,500 $2,570,000 $870,000 $942,500 $1,770,000 $507,500 $1,025,000 $1,290,000 $2,055,000 $1,550,000 $540,000 $705,000 $1,005,000 $1,007,500 $615,000 $1,205,000 $1,000,000 $3,422,500 $855,000 $1,065,000

$2,080,000 $1,600,000 $3,200,000 $1,349,000 – – – – $831,000 $1,550,000 – $850,000 $1,600,000 $2,700,000 $8,300,000 $2,800,000 $675,000 $1,300,000 $1,907,500 $1,422,000 $796,000 – $2,075,000 – – $3,280,000

-4.4% -4.4% -12.9% -4.4% -4.4% -4.4% -4.4% -4.4% -4.4% -4.4% -4.4% -4.4% -4.4% -8.4% -4.4% -4.4% -4.4% -0.1% -6.6% -4.4% -4.4% -4.4% -8.5% -4.4% -4.4% 0.0%

$575,000 $725,000 $562,500 $872,500 $517,500 $235,000 $225,000 $605,000 $255,000 $385,000 $400,000 $395,000 $330,000 $625,000 $310,000 $447,500 $395,000 $320,000 $315,000 $435,000 $400,000 $607,500 $280,000 $725,000 $475,000 $640,000 $370,000 $192,500 $620,000 $365,000 $250,000 $485,000 $485,000

$520,000 $640,000 $605,000 $692,500 $590,000 $480,000 – – $205,000 $365,000 $345,000 $360,000 $285,000 – $280,000 $440,000 $357,500 $285,000 $290,000 $420,000 $375,000 – $240,000 $532,500 $487,500 $512,500 $340,000 $277,500 $585,000 $405,000 – $425,000 $500,000

$668,500 – – – $361,000 $346,000 $363,000 – – $460,000 $575,000 $620,000 $396,000 $975,000 $290,000 $950,000 $115,000 $492,000 $675,000 $499,995 $450,000 $376,000 $397,000 – – $630,000 $670,000 – $715,000 – – $795,000 $715,000

3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 0.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% -0.6% 3.9% 3.0% 3.0% 3.0% -8.5% 3.0% 3.0% 3.0% 3.6% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0%

GORE CHATTON DIAMOND PEAK EAST GORE GORE MANDEVILLE MATAURA OTAMA PUKERAU UPPER CHARLTON WAIKAKA WAIMUMU WENDON VALLEY WHITERIGG

$515,000 $625,000 $250,000 $330,000 $220,000 $170,000 $475,000 $505,000 $735,000 $230,000 $685,000 $435,000 $630,000

$500,000 – $195,000 $265,000 $460,000 $120,000 $590,000 $200,000 $715,000 $170,000 $562,500 $540,000 $680,000

– $875,000 $450,000 $670,000 – $750,000 – – – – – – –

2.5% 2.5% 2.5% 1.5% 2.5% 6.4% 2.5% 2.5% 2.5% 2.5% 2.5% 2.5% 2.5%

INVERCARGILL ANDERSON PARK APPLEBY ASCOT AVENAL AWARUA

$1,007,500 $235,000 $450,000 $370,000 $365,000

$895,000 $185,000 $425,000 $315,000 $337,500

$820,000 $390,000 $630,000 $522,500 –

0.6% 2.2% 0.6% 0.6% 0.6%

LOCATION WESTWOOD WOODHAUGH WOODSIDE QUEENSTOWN—LAKES ALBERT TOWN ARROW JUNCTION ARROWTOWN ARTHURS POINT BEN LOMOND CARDRONA CLOSEBURN DALEFIELD FERNHILL FRANKTON GIBBSTON GLENORCHY HAWEA FLAT JACKS POINT KAWARAU FALLS KELVIN HEIGHTS KINGSTON LAKE HAWEA LAKE HAYES LOWER SHOTOVER LUGGATE MOUNT CREIGHTON QUEENSTOWN SPEARGRASS FLAT SUNSHINE BAY WANAKA WAITAKI ALMA ARDGOWAN AWAMOKO CORMACKS DEBORAH ENFIELD GLENPARK GOODWOOD HAMPDEN HERBERT HOLMES HILL KAKANUI KUROW LAKE OHAU MAHENO MOERAKI NGAPARA OAMARU OAMARU NORTH OMARAMA OTEMATATA OTIAKE PALMERSTON PUKEURI REIDSTON RICHMOND SOUTH HILL TOKARAHI WAIAREKA JUNCTION WAITAKI BRIDGE WAYNES WESTON WINDSOR

SOUTHLAND

LATEST MEDIAN $ VALUE

MEDIAN VALUE 12 MONTHS AGO

BIGGEST SALE IN THE LAST SIX MONTHS

ONEROOF— VALOCITY HOUSE PRICE INDEX

BLUFF CLIFTON GEORGETOWN GLADSTONE GLENGARRY GRASMERE GREENHILLS GREENPOINT HARGEST HAWTHORNDALE HEIDELBERG INVERCARGILL KENNINGTON KEW KINGSWELL LORNEVILLE MILL ROAD MYROSS BUSH NEW RIVER FERRY NEWFIELD OTATARA PRESTONVILLE RICHMOND ROCKDALE ROSEDALE SEAWARD BUSH STRATHERN TISBURY TURNBULL THOMSON PARK WAIHOPAI WAIKIWI WAVERLEY WEST PLAINS WINDSOR WOODEND

$205,000 $245,000 $285,000 $495,000 $320,000 $345,000 $355,000 $345,000 $382,500 $370,000 $300,000 $345,000 $445,000 $240,000 $290,000 $565,000 $705,000 $700,000 $690,000 $330,000 $470,000 $337,500 $355,000 $305,000 $540,000 $687,500 $290,000 $442,500 $290,000 $777,500 $425,000 $425,000 $665,000 $440,000 $390,000

$200,000 $190,000 $220,000 $445,000 $275,000 $285,000 $275,000 $307,500 $340,000 $315,000 $230,000 $315,000 $397,500 $190,000 $235,000 $472,500 $670,000 $650,000 $600,000 $285,000 $435,000 $280,000 $315,000 $260,000 $485,000 $655,000 $225,000 $382,500 $240,000 $740,000 $375,000 $370,000 $560,000 $385,000 $380,000

$485,000 $355,000 $440,000 $930,000 $569,550 $528,000 – – $779,000 $510,000 $420,000 $410,000 $415,000 $285,000 $435,000 $499,000 – – $865,000 $475,500 $885,000 $565,000 $600,000 $825,000 $680,000 $760,000 $452,000 – $410,000 $1,005,000 $1,050,000 $685,000 $745,000 $687,530 $295,000

0.6% 0.6% -5.1% 1.7% 3.0% 0.2% 0.6% 0.6% 0.6% 0.6% 7.9% 0.6% 0.6% 0.6% -2.2% 0.6% 0.6% 0.6% 0.6% 6.0% 0.6% 0.6% -2.4% 0.6% 0.6% 0.6% -3.3% 0.6% 0.6% 0.6% 0.4% 0.6% 0.6% -0.6% 0.6%

SOUTHLAND ATHOL BENMORE BROWNS BRYDONE CENTRE BUSH COLAC BAY DRUMMOND EASTERN BUSH EDENDALE FORTROSE GLENHAM GORGE ROAD HALFMOON BAY ISLA BANK LIMEHILLS LOCHIEL LONGBUSH LONGWOOD LUMSDEN MAKAREWA MANAPOURI MOKOTUA MORTON MAINS MOSSBURN NIGHTCAPS OHAI OREPUKI ORETI PLAINS OTAPIRI OTARA OTAUTAU PAPATOTARA PEBBLY HILL PROGRESS VALLEY RIVERSDALE RIVERTON ROSLYN BUSH SEAWARD DOWNS STEWART ISLAND / RAKIURA TE ANAU THOMSONS CROSSING TUATAPERE TUSSOCK CREEK TUTURAU WAIANIWA WAIKAIA WAIKOURO WALLACETOWN WINTON WOODLANDS WREYS BUSH

$330,000 $570,000 $402,500 $322,500 $395,000 $285,000 $300,000 $430,000 $200,000 $312,500 $420,000 $180,000 $370,000 $495,000 $370,000 $705,000 $545,000 $210,000 $230,000 $612,500 $372,500 $537,500 $415,000 $525,000 $115,000 $110,000 $175,000 $415,000 $600,000 $130,000 $250,000 $385,000 $685,000 $230,000 $255,000 $425,000 $760,000 $620,000 $455,000 $525,000 $690,000 $220,000 $452,500 $400,000 $385,000 $205,000 $490,000 $390,000 $400,000 $370,000 $247,500

$295,000 $592,500 $407,500 $312,500 $425,000 $240,000 – – $212,500 $260,000 $192,500 – $245,000 – $432,500 $670,000 $495,000 $180,000 $200,000 $507,500 $380,000 $492,500 $385,000 $220,000 – – $150,000 $465,000 $617,500 – $195,000 – $600,000 – $260,000 $385,000 $655,000 – $265,000 $475,000 $670,000 $140,000 $435,000 $390,000 $335,000 – – $570,000 $350,000 $337,500 –

$400,000 – $265,000 – – $350,000 $125,000 – $255,000 – – – $160,000 – – $842,000 – $1,550,000 $350,000 $695,000 $705,000 $333,000 $475,000 $128,000 $46,000 $152,500 $169,000 – – – $385,000 – $565,000 $280,000 $490,000 $825,000 $550,000 – $285,000 $870,000 $1,000,000 $350,000 $825,000 – – $540,000 – $900,000 $980,000 $400,000 $130,000

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LOCATION

Your invitation to view this exceptional new lifestyle opportunity and meet the Architect.

A boutique development of 14 apartments Homestar 6 rated design Elevated site and expansive views High-quality finishes and fittings Zoned for Boys’ and Girls’ Grammar

Thursday 12th November 6:00 - 7:30pm, 45 Mt Eden Rd, Eden Terrace Klara Pulceska

45 Mt Eden is an architect-led development in a prime city-fringe location. You are invited to meet and greet the Architect and Developer, Graeme Scott – former principal of ASC Architects – and his wife, Melissa to discover what makes this development a tier above other offerings in the area.

Each Office is Independently Owned and Operated. Browns Real Estate Limited (licensed under the REAA 2008) MREINZ.

klara.pulceska@nzsir.com +64 27 551 3955 (RSVP by Sunday 8th Nov)

1 Bedroom from $750,000 2 Bedrooms from $1,250,000 3 Bedrooms price on application

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OneRoof.co.nz

LET’S MOVE TO ... GREY LYNN

FEELYNN GROOVY

— selling for eyewatering prices.

This is a suburb with a strong community spirit and an eclectic blend of cultures, writes LOUISE RICHARDSON

T

he city-fringe suburb of Grey Lynn boasts a colourful recorded history dating back to pre-European times when Māori grew copious amounts of food in the area’s rich soil.

It was largely used as farmland by early settlers prior to the 1880s when serious building began and a beautiful, brand new suburb was formed.

It’s interesting to note that Grey Lynn is host to one of the highest concentrations of wooden houses in the world— right up there with places such as San Francisco.

The advent of the motor car

made inner-city suburbs seem somehow unattractive and Aucklanders fanned out, creating new suburbs well away from the big smoke. This freed up Grey Lynn’s homes for less wealthy people and for large parts of last century, oncebeautiful properties fell into a state of decay and disrepair. The suburb finally got its mojo back due to renewed interest in its amazing architecture, starting around the 1980s.

Grey Lynn’s gracious villas remain much-desired again today and properties in original order, with potential for renovation are like hens’ teeth

$1.6m

Current median value

8.7%

Chage in value on OneRoof Valocity house price index since March 25

$3.99m

Highest settled sale price in last six months

Who lives here and what do they do?

The people of Grey Lynn are an eclectic bunch and while the suburb has always brought out the best in writers, painters, craftspeople and general dreamers, these days there are also many professionals (39 per cent), with high-paying jobs that enable them to renovate the houses they live in. Nearly half of Grey Lynn’s residents fall into the 21-30 and 31-40 age group, while 46 per cent of household have an annual income of $100,000-plus.

What’s to love?

Ask a Grey Lynn resident what

they like about their home suburb and they’ll hardly know where to begin but its proximity to the ever-developing CBD is definitely a big attraction, along with very attractive housing stock.

Local schools are popular and highly regarded and community activities such as farmers’ markets and annual festivals enable people to mix and mingle easily. Grey Lynn is close to Ponsonby Rd, with its boutique shops and eateries, yet it has its own beating heart in the Surrey Crescent retail strip.

Many Pacific Island families bought homes in Grey Lynn mid-last century and local culture retains a strong Pasifika flavour. The neighbourhood is very sociable and it common to

see families and their pets out walking.

Buying and selling Bernadette Morrison, residential sales manager at Bayleys in Ponsonby, says that the general high appetite for property in Grey Lynn has been well-publicised and shows little sign of abating.

“It’s a great area in terms of the types of property on offer, ranging from historic renovated villas to brand new apartments in the Arch Hill corner of the suburb.

“This means that all kinds of potential buyers currently have a good chance of finding something that’s suitable for their needs.”

She admits that uncertainty

BAYLEYS PONSONBY

Contact us today 09 375 8494 | ponsonby@bayleys.co.nz | 305 Ponsonby Road, Ponsonby, Auckland BAYLEYS REAL ESTATE LTD, PONSONBY, LICENSED UNDER THE REA ACT 2008

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

Residential / Commercial / Rural / Prope rt y Services

OneRoof.co.nz

hangs over the whole of New Zealand’s property market — despite our relative current safety, as the global Covid-19 pandemic progresses.

“In this kind of situation, you can only play the ball that’s in front of you and for now it still looks positive here in Grey Lynn. People appreciate the fact that they’re relatively close to the city centre and can walk almost anywhere.”

Ryan Harding, a Barfoot and Thompson Grey Lynn specialist, says that wellrenovated properties with no fishhooks — such as unconsented work — are practically flying out the door at the moment, along with properties that were previously restored a few years ago and

now require just a little bit of tweaking, in order to update them again. “I’ve been selling real estate for nine years and I’ve never seen anything quite like this.”

Harding thinks that New Zealand’s current reputation as a safe haven is leading to more interest from overseas buyers and when these people browse properties online, Grey Lynn homes shape up very well.

“We’ve also got another new phenomenon, which is parents looking for property for their children. It’s good for them, as well, because I think they see it as a sensible investment, especially as money currently sits in banks and and earns practically nothing, with current low interest rates.”

Low supply + Low interest rates + High demand

= What are you waiting for?

Ray White Damerell Group Limited (Licensed REAA 2008)

“I’ve been selling real estate for nine years and I’ve never seen anything quite like this”

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Ray White Ponsonby’s Cristina Casares is also watching the area with interest.

“Properties are going for up to $300,000 above our initial appraisals and it’s clear people want to put money into their homes to get capital gain.”

She says that FOMO or ”fear of missing out” is inspiring many potential buyers to put all of their cards on the table and she noticed for the first time that the recent election caused barely a ripple in terms of market sentiment.

“We’re living in a unique little micro-economy right now and I can’t think of anywhere else in the world where you can have a back yard and still be within walking distance of the city centre.”

Cristina Casares 021 333 615

cristina.casares@raywhite.com