OneRoof Property Report - Hawkes Bay March 2020

Monday, March 2, 2020

PROPERTY REPORT

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W O H

Creative ways to get on the property ladder

House price index: Every New Zealand suburb

Page 6

Pages 11-19

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AN OPEN HOME TO INSPIRE Design Builders Hawkes Bay invite you to their latest client open home. Saturday 28 March from 10.00am to 1.00pm at 43 Lane Road, Havelock North. For more information call Tara Todd on 021 310 458.

www.designbuilders.co.nz

DATA CRUNCH

Owen Vaughan Note from the editor

T

welve months ago the real estate industry was worried about capital gains tax and whether turmoil in Sydney and Melbourne would spread across Tasman and bring down New Zealand house prices.

The market was split: Auckland was still stuck in doldrums, while lower-priced regional markets were enjoying double-digit value growth.

Fast-forward to March 2020 and capital gains tax is a non-issue, having been taken off the table by after near-universal opposition, and very few remember talk of a market crash. And in reversal of fortunes, Auckland has sprung back to life while affordability constraints have started to slow growth in the regions. This year appears to be one in which Kiwis finally shrug off the cautious mindset that followed the election in 2017 - although the election in September could instill another bout of “wait and see”.

The bounce-back in Auckland will give cheer to homeowners after three years of no growth. Anecdotal evidence from open homes and auction rooms show a real demand for properties from first home buyers and investors. Unlike previous price lifts this is being driven by limited stock. Yes, FOMO fever is back - but buyers are worried they’ll miss out, not because of sky-high prices or sky-high interest rates, but because options are limited.

Our cover story is a call, of sorts, to homeowners who have been sitting on the sidelines: now is a good time to sell - some may even be sitting on a million dollars in gain. OneRoof and its data partner Valocity identified the suburbs with the least churn and biggest value growth since 2014 i.e. the places where homeowners are likely to sitting on the biggest amount of untapped equity.

INSIDE

COVER STORY BINDI NORWELL MARKET UPDATE LATEST SUBURB VALUES ASHLEY CHURCH SUBURB FOCUS DESIGN COVER DATA

3-5 6 9-10 11-19 21 26-27 Jennifer Adams Phil Welch Valocity

The numbers look good but what are they really telling us?

Confidence is creeping back into the housing market, but it would pay to temper expectations of a return boom times

T

he New Zealand housing market enters 2020 on the front foot, however, as per previous quarters, market growth is disparate, with certain markets performing significantly stronger than others.

Overall, confidence, albeit subdued, is beginning to creep back into the market. For buyers, this appears to be mostly underpinned by two key trains of thought: • Nothing bad has happened yet – i.e. values didn’t fall of a cliff after the last election nor did the economy tank; and • Interest rates are still cheap, and there is no sign of this changing in the foreseeable future, even with the changes to trading bank capital adequacy ratios, which in reality may not amount to significant (if any) impact on retail mortgage rates given the implementation timeframe.

There is an expectation that property values are increasing and will continue to do so, although the current mindset is perhaps best described as "less cautious than before" as opposed to "the boomtimes are back".

There are signs that the pace of growth is beginning to stall in the regions as affordability constraints take effect, but in the last quarter only five territorial authorities suffered a drop in values – the Far North (-2.1 per cent), Ruapehu (-2 per cent), Westland (-1.8 per cent), Kaikoura (-1 per cent) and the Bay of Plenty (-0.7 per cent) – and just 16 saw no growth at all.

In Auckland, where values have been in decline or flat for the last three years, the market is picking up, with six of the city's seven regions showing growth.

However, I am not optimistic that we will see a return to rapid value growth early in 2020. Activity levels should remain buoyant as we transition from summer to autumn, while the rate of house price growth within New Zealand's smaller urban centres continue to soften.

At a suburb level, there are some clear winners and losers in terms of value movements, driven for the most by strong competition among

As is often the case with big increases in equity, the biggest beneficiaries are refinancers. They can use the money they've built up in their home into a cash reserve, which can be an attractive option when borrowing rates are cheap like they are now. Those seeking to "cash out" and move to another home in the James Wilson Valocity same market still have to pay current market levels – paper money doesn’t make us all rich! first home buyers and investors as This is borne out by the research they seek the most affordable and the focus of the OneRoof housing stock available.

Mortgage registration data reveals Property Report. A look at the unsold percentages of housing reveals that that first home buyers continue to be the most active buyer group. This is not all Kiwis within the main urban centres have been cashing in and further supported by recent Reserve selling their homes during the last 20 Bank of New Zealand (RBNZ) years. Even in markets such as figures that show an increase in low deposit lending. With mortgage rates Auckland unsold percentages averaged over 40 per cent, a remaining at historic low levels and reflection of the fact that, for many, no strong indications of any homes are purchased for long-term impending strengthening in the utility – such as, to raise their official cash family or live in – as rate, this opposed for shorttrend is term profit.

This analysis perhaps also raises some questions Current median house Annual change about value for New Zealand legislation changes over the Total value of sales for Change in sale past two New Zealand in last 12 months value year on year to three years which been introduced Total number of sales Change in sale on the basis in last 12 months volume year on year that everyone is a speculator.

It's too early to expected to know what impact September’s general election continue. will have on the housing market, but While the real drop in prices seen last year in some parts of the country what we do know is that elections are generally disruptive to housing may have led to a belief among market activity, so expect sales homeowners that they are going to volumes to slow further as we get take a hit if they bring their property closer to the poll date. to market, research by OneRoof and - James Wilson is director of insurance Valocity shows an eye-watering and valuation innovation at OneRoof's amount of equity growth during the data partner Valocity. last cycle for some locations.

$620,000

-19.8%

3%

$50.1 billion

75,598 -22.2%

COVER STORY

THE HUNT FOR

UNTAPPED EQUITY CATHERINE MASTERS identifies the suburbs with least churn and biggest value growth — and asks what it means for homeowners there.

I

f you bought or owned a house through the 2014 to 2019 housing boom it’s likely you are sitting on a pile of money, at least on paper.

A couple of suburbs have seen close to a million dollars of median value growth on their homes in the last five years while others have made anything from tens of thousands of dollars at the lower end to hundreds of thousands of dollars.

OneRoof and its data partner Valocity identified the suburbs

with least churn and biggest value growth - the places where homeowners are likely to sitting on the biggest amount of untapped equity.

We looked at all the homes that existed in New Zealand, at a suburb level, in 2014 and tracked their value growth to 2019. Nearly every suburb in the country has seen medium to big equity gains.

Whether people should capitalise on the untapped equity they have made during the frenzied housing market

over the last five or so years is another matter.

Some say you’d be crazy not to use gains as leverage to get an investment property, upgrade to a bigger home or buy that bach, but others are more cautious, pointing out if your value has risen, everyone else’s has shot up, too.

Combined with what has been an all-time low nationwide shortage of listings over the past year, the problem is if you sell you might not be able to find what you’re looking for and get

Some say you’d be crazy not to use gains as leverage to get an investment property, upgrade to a bigger home or buy that bach.

stuck. And while in some areas the equity gains are truly impressive, the situation may not be clear-cut.

For example, topping the list of biggest equity gain is Kumeu, in north-west Auckland, where the big lifestyle blocks that existed in 2014 have grown in value by $950,000 in five years to $2.02m. The fact that these blocks have seen huge growth while the suburb as a whole has dropped in value can be explained by the flood Continued on page 4

COVER STORY Continued from page 3 of subdivisions seen the last five years, where owners of big blocks carved up their properties for development.

Those who have kept their big sections intact have, potentially the most to gain, if they sell now, although local agent points out this fast-developing area is actually struggling because of infrastructure issues.

Second on the list of equity gain is at the other end of the country. In picturesque Kawarau Falls in Queenstown new apartments and other residential development near the new Hilton Hotel on Lake Wakatipu led to median value growth of $910,000, and in the residential suburb of Kelvin Heights, literally just down the road from Kawarau Falls, median growth values rose by $750,000.

Back in the north, the wealthy beach town of Omaha, on Auckland’s outer northern coastal edge, (where former Prime Minister John Key had a holiday home) rose $725,000, and posh Herne Bay in the inner city was up $815,000.

These are stand out areas but there is almost nowhere that did not see equity gains - that’s almost. A few suburbs, in Greymouth and around Christchurch, did not do so well, showing negative equity, but they are the exception, not the rule.

James Wilson, Valocity’s director of valuation innovation, says for Auckland some of the largest value growth has taken place on the outskirts of the super city, in suburbs such as Kumeu, Puhoi, Coatesville and Whitford.

“This is mostly fueled by a change in the nature and property use in these areas as they transition from lifestyle to urban property types.”

The lowest median time between the first two sales is occurring in areas of intense newer builds, such as, Flat Bush, Hobsonville, Takanini and Silverdale, which is to be expected as new areas are established.

Wilson says when the data was refined to focus only on established suburbs, the top five in Auckland with the most value growth and the least churn time between sales were all, perhaps not surprisingly, coastal, sought-after areas Kohimarama, Mission Bay, Herne Bay, Mairangi Bay and Omaha.

“This reveals that on paper homeowners in these locations have some of the greatest dollar equity in their homes generated during the last property boom, with the suburbs earning a median value of $49,000 per annum during this time.

“This makes sense given the high value nature of these locations, but when we narrow the scope of this analysis to

areas with a median value of under $700,000, the top five areas of largest value growth and highest number of years between sales are Papatoetoe, Papakura, Clover Park, Eden Terrace and Wellsford.”

The lower value suburbs also have a shorter time between sales which Wilson says is because these areas are popular among first home buyers and investors who typically adopt shorter holding periods as they either upsize or sell on their investment.

The equity gains some home owners have made can be an entryway into something better by helping them invest, upgrade or renovate, or put money into a business, but for others the gains might not have much impact as the country struggles with the exponential property price growth that has taken place over the past 20 years.

Hawke’s Bay Simon Tremain, from Tremains real estate firm, says if you have equity why wouldn’t you use it to buy another house or an investment property.

The median price throughout regional New Zealand since the GFC of 2007/2008 didn’t change until late 2014 into 2015, he says, then anyone who owned a property and still owns it should have made anywhere from 60 to 80 per cent in equity.

In Hawke’s Bay the median price went from $275,000 to $520,000, and in the beach community of Waimarama, for example, which OneRoof figures show had the most equity gain ($335,000), the median value was up from

Kumeu, Auckland

$950K in untapped equity

$460,000 in 2014 to $795,000 in 2019.

“As more people have got money in their houses they go and buy beach houses, so they use it for lifestyle as well,” says Tremain.

Queenstown Kawarau Falls, with the second biggest median value growth at $910,000, is a new suburb of million dollar apartments, says Adrian Snow from Professionals Queenstown, while Kelvin Heights down the road is a premium suburb

Kawarau Falls, Queenstown (

$910K in untapped equity

popular with locals and one of the few which gets water views to scenic Queenstown Bay. Queenstown has surged in popularity, and prices with it, to the point that post GFC in 2007/2008 the region was “almost recession-proof”.

While the homes are high value, Queenstown is an expensive place to live and Snow suspects most people have hefty mortgages. The turnover of properties is down significantly from the early 2000s when people tended to upgrade from suburb to suburb.

Moving costs are high, from agency fees to lawyers’ fees, and Snow also thinks people are buying substantial homes as their first homes so tend not to move as much - “they’ve really got there in one step as opposed to the two-step interim home process.”

Big rents saw an investor-driven growth spurt, many coming from Auckland, in 2016 and 2017.

“One of Queenstown’s curses as well, if you’re a resident, is that a residential purchaser is very often competing with an investor purchaser.”

Wellington It’s no surprise Oriental Bay topped the list for Wellington’s equity gain, says Ann Curtis from Bayleys.

Oriental Bay, with gains of $475,000, has a limited number of properties, including a lot of apartments, and is a desirable area to live.

“People move into these areas and they don’t really move out unless they’ve got a reason, they’re being transferred or something like that.

“You’ll find a lot of these properties have been owned by the same person sometimes for 20 years.”

That’s because Oriental Bay, and nearby Roseneath ($377,500 equity gain), is so lovely, Curtis says.

“It’s just a lovely, relaxed lifestyle. I mean, to walk into the CBD, into the centre of town, it’s 20 Orie Or Oriental ient ie ntal nt al Bay, Bay ay,, minutes along the Well We Wellington llin ll ingt in gton gt on waterfront and you’ve got the bus stop also if you wanted in untapped untapp unt apped app ed equity equity and some little restaurants along the way.

“It’s just like relaxing and being on holiday really.”

Seatoun, on the east coast of the Miramar Peninsula, had the next-highest equity gain to Oriental Bay at $322,500.

This is a popular suburb now, Curtis says, and the film industry, which bases itself in the wider area, has driven up prices.

$725K

“That tightening of financial conditions in times of trouble, we haven’t really had that before but it is a risk.”

had a median value of $705,000 in 2019, with an average $227,500 in untapped equity.

The median value for Maori Hill - low by Auckland standards - is high for Dunedin but becoming more “normal by the day” in a city facing an influx of people and a shortage of land to develop.

“It blows us away the speed at which the sales prices are moving down here. We are constantly surprised and every time we think it’s an anomaly when a shock result happens and then the next month that’s become the norm.”

People with equity in their properties could consider spending on deferred maintenance, which is an issue not just in Dunedin but across the board, Nidd says.

Risk of over-capitalising ANZ chief economist Sharon Zollner warns people contemplating capitalising on their untapped equity to maybe Dunedin take a breath even though Dunedin has seen huge price interest rates are at an all-time growth over the last few years. low because somewhere down The areas of highest equity gains are in the sought-after the track there will be a recession (“there will be one, I suburbs of Company Bay, just can’t tell you when”) and Vauxhall, The Cove and then some will panic because of Macandrews Bay, ranging from the size of their mortgages. $277,500 to $230,000.

With the coronavirus causing These habourside suburbs, unrest, the near future is almost linked together on the uncertain, too.

Otago Peninsula, have been sought after “You could imagine a for a long time, scenario when says Joe Nidd of mortgage rates Nidd Realty. and business “You can banking rates get property are going up with great Omaha, Auckland because global attributes, like excellent views markets are in a tizzy and the and sun, a little in untapped equity Reserve Bank can’t further down the do anything about it market in some of in terms of the official those suburbs which has cash rates. “That tightening of been very appealing in recent financial conditions in times of times because some of the more trouble, we haven’t really had traditionally-perceived suburbs have become incredibly that before but it is a risk, expensive.” because we’ve never gone into a The most expensive suburb downturn with the Official Cash Rate at one per cent.” in Dunedin is Maori Hill, which

$725K

Sitting on a goldmine The New Zealand suburbs with the most untapped equity 2014 median value ($)

2019 median value ($)

1,070,000 KUMEU

Auckland Rodney

2,020,000 950,000 1,105,000

KAWARAU FALLS Queenstown

2,015,000 910,000 1,635,000

HERNE BAY Auckland City

2,450,000 815,000 1,560,000

SAINT MARYS BAY Auckland City

2,315,000 755,000 837,500

KELVIN HEIGHTS Queenstown

1,587,500 750,000 910,000

OMAHA

Auckland Rodney

1,635,000 725,000 1,175,000

WAITOKI

Auckland Rodney

1,840,000 665,000 1,037,500

WAINUI

Auckland Rodney

1,702,500 665,000 1,045,000

MAHURANGI WEST Auckland Rodney

1,655,000 610,000 1,267,500

SHAMROCK PARK Auckland Manukau

Source: OneRoof and Valocity

1,855,000 587,500

Dollar ($) change

COMMENT

Hope for those who feel home-ownership is mission impossible Bindi Norwell

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he possibility of getting a foothold on the housing ladder in the traditional sense - which involves saving a deposit and securing a loan, is becoming ever-more distant for many hopeful first-home buyers in New Zealand – especially in Auckland and other main urban centres.

This doesn’t mean that all hope is lost. In fact, it might be well worthwhile considering some of the alternative - and often more creative - means of home ownership that are on offer. However, it’s crucial to involve a lawyer right from the start and check all aspects of a particular plan out very carefully.

Shared equity or fractional ownership is a proposition based on having a third-party contributing around 10 or 15 percent towards the price you pay for your home, when you don’t have a full 20 percent deposit yourself.

In return for their investment, they get DIY limitation clauses – just in case buyers get over-enthusiastic and want to tear down walls, for example.

First home buyers should consider alternative and more creative methods of getting a foot on the property ladder

Under BNZ’s YouOwn offering, which applies only to new-build homes in certain locations, a review after five years sees the purchasers permitted to buy out YouOwn's stake in the property.

Capital gains are shared between the parties relative to ownership. However, it’s important to understand that you are taking a risk, because in a quiet market those gains may be minimal.

Build-to-rent can make sense, but it’s another significant departure from the traditional norm. This approach, which requires a more substantial input from local property construction, development and investment sectors, and sees building complexes specifically earmarked as long-term rentals, rather than as units to be sold.

It’s a model which has worked well overseas, especially in places where home ownership isn’t a major priority.

The goal of home-ownership has always been part of Kiwi culture but it may ultimately become a thing of the past for many people here too – especially given the growth in

house prices compared to salary growth. In some ways, longterm rentals make sense because tenants enjoy many advantages that homeowners don’t, with landlords required to provide insulation, heating and other services.

Rent-to-own schemes are currently being promoted by the government as another alternative option for struggling home buyers, often under the auspices of charitable trusts.

These schemes work in

number of buyers are tapping into KiwiSaver and withdrawing funds to put towards the deposit on a first home. As part of the deal you must live there yourself for a certain period of time.

You must be over 18 years old and have been contributing the required minimum amount to KiwiSaver for at least three years. Additional KiwiSaver grants may be available to those with income (before tax) of less $85,000 for an individual and

“The build-to-rent model has worked well overseas, especially in places where home ownership isn’t a major priority.” various ways – often by having some of the rent that’s being paid, put towards building equity.

There will generally be a fixed timeframe, at the end of which the tenant is able to buy their home outright or move to a shared ownership approach.

However, rent-to-own arrangements are based on the assumption that house prices will rise, so it’s important to consider potential outcomes if they don’t.

Meanwhile, a significant

$130,000 per annum for two people or more, as long as you have 10 percent deposit.

The Government is looking into updating the scheme to allow people to use their KiwiSaver for proportional share with others or for investment purposes which may see more people purchasing properties in affordable areas in order to get onto the property ladder.

As with any investment decision, when considering any of these more innovative

approaches to home ownership, our advice is that people undertake appropriate due diligence It is important that potential investors understand all of the current and future costs involved. Additionally, they should also seek to understand the level of risk they are taking on and ensure they are comfortable with that risk.

Anyone considering some of these more lateral property moves should take legal advice and talk to their bank about what sort of finance would be available. I’d also recommend talking to a financial adviser for additional financial planning support. Lastly, if you’re thinking about going down the investment option, make sure you are aware of what your future obligations will be as a landlord – especially in relation to upcoming legislative changes such as the Healthy Homes Standards, as this may change your view substantially on the type of property you want to buy.

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

I believe that peace of mind starts with trust and confidence. When choosing a sales professional nfidence in to work with you must have trust and confidence their abilities and it is experience and success uccess that provides this. My experience and success ss in the industry enables me to provide you with just that. roperty in Whether you’re planning to buy or sell property Flaxmere, Hastings or Havelock North, orr just want to discuss the current property market, I am always ss the best here to help you. Call me today to discuss rd. options for you and the best way forward.

SOLD

412 Nottingley Road, Frimley

SOLD

175 Lane Road, Haveock North

ANDREW CLARK 027 524 1504

andrew.clark@tremains.co.nz

tremains.co.nz Tremain Real Estate (2012) Limited Licensed Real Estate Agent 2008

achieve more Exceed your expectations with us

If you really want to run your best race take advantage of professional guidance. Who you choose to provide that guidance will decide your chance at the winners podium.

Real estate is no different. For extraordinary results work with the team that will help you achieve more.

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Title Partner of the world’s most beautiful Marathons

Some of the fastest selling properties in the Bay have been carefully staged to highlight the best features of the home – and the results really do speak for themselves.

within 30 seconds of stepping through the door”

Linley Aitken, Interior Consultant at Napier based Villa Asti; furniture and homewares store and home staging service provider says that the difference between listing an empty home or using your existing furniture and décor to sell your home is vast when you compare it to listing with home staging included in the listing process.

Villa Asti Home Staging has been partnering with several Real Estate Agents, OneRoof and property developers, to help highlight their listings and present them in the best light.

“Some homes have been listed as empty spaces, or have been listed using existing furniture to try and appeal to an increasingly observant buying market, you can see the results, some properties have gone unsold for more than 5 weeks with no offers in a market that is in hot demand for properties. This says something about the way the home is presented more than the home itself.

Staging is what sells the story of how a prospective buyer may live in the property, so the standard at the seller level needs to be lifted in order to get some potential buyers on board, buyers cannot visualize the potential if a home is empty, they see a shell, or they simply see a tired and “lived in” home if the clients furniture just doesn’t work in that space – the trick is to depersonalize and declutter so it looks “just so” whilst highlighting the best parts of the property. This is where we come in using colour, texture and appropriate furniture choices for the era of home. With our vast choice of furniture to draw from its always exciting for the seller to see what we have to offer.”

Aitken says that this method of presenting the homes in their best light gives the buyers the best first impression of the home, which is all important.

“With our projects, the average sale turnaround time with our services has been within 3 weeks of listing; of course there have been some cases that have sold for far quicker than that – directly as a result of people loving the way the house is presented and want to move in

Sophie Shield from Sotheby’s International Realty wrote “It has been great working with Linley. Myself and our mutual client have been very happy with the service and I have had many positive comments about the staging, not only from buyers but also my colleagues. I will definitely be in touch again for the next property that needs staging.”

Aitken advises that sellers really need to include staging as one of the first steps in the selling process, especially when listing with an agent and they’re drawing up a marketing package tailored to that listing.

“We come on site, do a free initial consultation to help sellers see their listing in a whole new light. We are careful to take the time to highlight some features that may help push that buyer to making the all-important decision; and have a range of home staging packages that can be tailored to suit your needs, we also line up with the real estate agents marketing package so it’s a seamless process for you for when you are trying to sell your home”

go to www.villaasti.co.nz call 06 831 0150 or visit our space on 93 Dalton Street to find out more

MARKET WATCH HAWKE’S BAY

INVESTORS OUT IN FORCE Affordability is the key driving force of market activity in Napier and Hastings

N

apier started the year in a strong position. The median value of all properties in the city sits at $525,000, up 1.9 per cent on the previous quarter and up 9.4 per cent year on year.

The majority of sales are for between $400,000 and $500,000 and first home buyers and investors have been out in force, accounting for 23.8 per cent and 18.98 per cent of new mortgage registrations respectively.

Further to this, growth rates among both of these groups continue to trend upwards.

No suburb saw annual growth of less than 5 per cent, while two, Te Awa and Maraenui, achieved value growth of above 15 per cent.

Both have a median value of less than $650,000.

A similar positive story can be found in Hastings, where property values shot up 27 per cent in the last 12 months to

$515,000, although growth in the last three months was flat, which may be indicative of a slowdown in the market. Just six suburbs in the city saw property value growth of less than 10 per cent, and only one, Clive, saw a decline in values.

Cheap homes Meanwhile, neighbouring Whanganui’s housing market saw quarterly growth of 3.4 per cent and annual growth of 17.3

No Napier suburb saw annual growth of less than 5 per cent.

per cent, with the median value of all properties in the city now sitting at $305,000.

Five years ago, the median value was $160,000 so Whanganui was starting from a very low base and the big increases have served to bring property values more in line with other similar smaller regional housing markets.

First home buyers and investors – two buyer groups that have their eyes set on

affordable stock – represented just under a quarter of new mortgage registrations.

However, buying activity by investors is on the up, while buying activity by first home buyers is on the slide – a direct result of prices in some suburbs rising to levels local buyers can’t afford. Investors, on the other hand, are able to call upon equity built up in other markets to snap up relatively cheap homes in Whanganui.

Hawke’s Bay by the numbers

$1,890,215,836 0 16 23.8%

Herald graphic

Total dollar value of sales (last 12 months)

Suburbs in Napier and Hastings with median values of less than $500k

Suburb with a median value of more than $1m

Biggest sales

$1.6m

211 Harper Road, Waimarama

First home buyers share of new mortgage registrations in the last 3 months

How much you can expect to payin...

Medianvalue Napier Hastings Gisborne

$525,000 $515,000 $375,000

Quarterly change

1.9% 0.0% 1.4%

RICH-LISTERS

Napier and Hastings’ most expensive suburbs 1 Waimarama $930,000 2% 2 Puketapu $900,000 4% 3 Poraiti $830,000 2%

BARGAIN-HUNTERS

Napier and Hastings’ most affordable suburbs 1 Camberley $285,000 -3% 2 Maraenui $310,000 -3% 3 Flaxmere $320,000 7%

HEAT IS ON

Where property prices are rising

$1.5m

63 Margaret Avenue, Havelock North

$1.5m

2 Sealy Road, Bluff Hill

1 Tangoio 2 Eskdale 3 Flaxmere

$680,000 $807,500 $320,000

18% 8% 7%

COOLING OFF

Where property prices are easing

* Sales figures for properties that have settled in last 3 months. Source: REINZ

1 Frimley 2 Clive 3 Camberley

$555,000 $550,000 $285,000

-7% -4% -3%

-2.3% 1.1%

M A R K E T WAT C H N O R T H A N D S O U T H I S L A N D

WHANGAREI

5.0%

4.9%*

Power of first-home buyers 8.2%

$540,000

11.1%

NORTH ISLAND 1 Normanby SOUTH TARANAKI 2 Taihape & Surrounds RANGITIKEI

12 CH MON AN TH GE %

RAN

K

SU BU RB

RAT AU ING THO RIT

Y

Biggest ggest risers

interest rates are here to stay have been the main growth drivers, but adding fuel to the market are several factors specific to Auckland: increased buyer demand within certain locations and price brackets and a shortage of listings within the $800,000 to $1.1m bracket within city fringe locations.

Investors are starting to return to the city’s southern fringe but overall activity continues to slide, with their share of new mortgage registrations down 4.5 per cent year on year to 14.25 per cent.

That has benefited first home buyers, whose share of new

LAT VALEST M UE EDI AN

15.2% Auckland After a three-year-long slump, 37.9% Auckland’s property market has rebounded, but the big question on everyone’s lips is how high will prices go?

OneRoof-Valocity figures for the quarter showed growth in all of parts of the city bar one region – Rodney. The reversal of fortunes for the country’s biggest housing market was evident in the strong finish to 2019. While a decline in sales volumes during the summer break was evident, activity levels remained heightened.

Enhanced confidence and expectations that the low

$255,000 $200,000

41.7% 37.9%

3

Wairoa

WAIROA

$170,000

36.0%

4

Mataura

GORE

$155,000

34.8%

5

Reefton

BULLER

$195,000

34.5%

6

Waverley

SOUTH TARANAKI

$170,000

30.0%

Te Awa

NAPIER

$635,000

29.6%

Ohakune

RUAPEHU

$355,000

29.1%

9

Whanganui Central WHANGANUI

$250,000

28.2%

10

Castlecliff

$230,000

27.8%

NORTH ISLAND 1 Kumeu 2 Kaukapakapa

RAT AU ING THO RIT

SU

RAN

K

BU RB

Y

gges fallers a es Biggest

-1% $980,000

TAURANGA

3.1%

Hamilton Hamilton remains relatively buoyant, but it has not enjoyed the “surge” seen in neighbouring Auckland. The median value of all properties in the city grew 0.9 per cent in the last three months – 6.4 per cent annually – to $580,000.

Sales volumes last year were supressed, a trend which looks set to continue well into 2020.

HowNEW PLYMOUTH

HAMILTON

$580,000

ROTORUA

8.0% $470,000

5.9%

NAPIER

9.4%

$450,000

WHANGANUI

NELSON

$525,000

17.3%

7.5%

$305,000

$570,000

PALMERSTON NORTH

12.7% $445,000

AUCKLAND RODNEY AUCKLAND RODNEY

$1,065,000 $1,035,000

-21.7% -8.0%

3

Long Bay

AUCK NTH SHORE

$1,420,000

-7.2%

4

Aongatete

BAY OF PLENTY

$850,000

-7.1%

5

Waterview

AUCKLAND CITY

$840,000

-6.7%

6

Huapai

AUCKLAND RODNEY

$912,500

-5.9%

7

Wanaka

QUEENSTOWN

$1,010,000

-5.6%

8

Saint Heliers

AUCKLAND CITY

$1,500,000

-5.4%

9

Glen Innes

AUCKLAND CITY

$942,500

-4.8%

10

Ponsonby

AUCKLAND CITY

$1,695,000

-4.8%

What the maps tell you

WELLINGTON

4.7% $785,000

QUEENSTOWN LAKES

0.5%

DUNEDIN

$980,000

14.8% $465,000

ever, agents are reporting slight upticks among certain buyer groups - investors and first home buyers.

INVERCARGILL

19.2% $310,000

Tauranga The city’s median property value, sitting at $675,000, hasn’t grown in the last three months and has only risen 3.1 per cent annually.

Despite this, agents and valuers have reported an increase in activity in certain locations. The share of new mortgage registrations to

The different colours on the two maps express the change in median values for each territorial authority in the last 12-months.

investors increased 4.5 per cent year on year to 17.23 per cent, outstripping the CHRISTCHURCH growth in registrations to first home buyers.

First home buyers, however, remain the $445,000 dominant buying group, accounting for just over a quarter of mortgage registrations in the last quarter.

Auckland’s At a suburb level, we see the property impact of first home buyer market has demand for affordable housing rebounded, stock, with the top five but the big performers over the last quarter question on all boasting median values of everyone’s less than $650,000. lips is how high will Wellington prices go?

A year ago Wellington was enjoying strong house price growth; now the market is showing signs of flagging, with the city’s median value up just 4.7 per cent year on year, and 1.3 per cent in the last quarter, to $785,000. Don’t expect to see resurgence any time soon, with value growth expected to soften further.

1.1%

* 12-month % change *Current median $ value

$675,000

6.4%

12 CH MON AN TH GE %

WHANGANUI

LAT VALEST M UE EDI AN

7 8

AUCKLAND CITY

mortgage registrations has increased 6.9 per cent year on year to 27.8 per cent. Evidence of home owners capitalising on their equity growth remains evident in the fact that refinance registrations continue to grow, up 3.8 per cent on the same period last year to 30 per cent of total registrations.

-6.3% 2.2% 5.5% 8.5% 11.9% 15.7% 29.2%

First home buyers aren’t as active as they once were, with their share of new mortgage registrations up just 3.7 per cent year on year. In contrast investors’ share of overall registrations grew to 17.28 per cent.

Christchurch House values were on the rise in the latter half of 2019, but over the last quarter the market died down again, with the city seeing no value growth in the past three months and only a 1.1 per cent increase year on year. With the median property value sitting at $445,000, Christchurch remains one of the country’s most affordable cities. More than a quarter of sales in the city were between $400,000 and $500,000; and another 25 per cent of sales were between $300,000 and $400,000. The attractive price point is why first home buyers represented a third of new mortgage registrations in the past three months – a rise of 2.9 per cent year on year.

LATEST SUBURB VALUES

Is your suburb rising or falling?

GREATER WELLINGTON

16

NELSON, TASMAN, MARLBOR OUGH

17

WEST COAST

17

CANTERBURY

17

SOUTHLAND

18

OTAGO

19

UR SUB

UPPER NORTH ISLAND / NORTHLAND FAR NORTH AHIPARA AWANUI CABLE BAY COOPERS BEACH HARURU HEREKINO HOREKE HOUHORA KAEO KAIKOHE KAINGAROA KAITAIA KARIKARI PENINSULA KAWAKAWA KERIKERI KERIKERI SURROUNDS MANGONUI MOEREWA OHAEAWAI OKAIHAU OMAPERE OPONONI OPUA PAIHIA PAKARAKA PERIA PUKENUI RAWENE RUSSELL RUSSELL SURROUNDS TAIPA WAIMATE NORTH

$390,000 $380,000 $515,000 $535,000 $555,000 $225,000 $205,000 N/A $450,000 $195,000 $400,000 $250,000 $450,000 $295,000 $700,000 $785,000 $490,000 N/A $635,000 $452,500 $365,000 $310,000 $570,000 $515,000 $630,000 $350,000 $465,000 $295,000 $800,000 $620,000 $432,500 $860,000

-3% N/A 0% 0% 0% 5% -9% N/A -1% 0% 7% 2% 1% 0% 0% 0% N/A N/A 2% 3% N/A N/A -2% 2% -2% 9% N/A N/A 2% N/A -4% 1%

4% N/A 7% -1% 12% N/A N/A N/A N/A 11% 3% 11% 2% 5% 5% 4% N/A N/A 7% N/A -4% -5% N/A 1% N/A 9% N/A 2% 9% 11% -9% 6%

19 10 26 23 22 5 N/A N/A 18 43 5 133 33 18 175 24 17 N/A N/A 16 6 8 13 57 3 5 15 10 13 5 6 4

$1,150,000 $400,000 $915,000 $1,060,000 $730,000 $400,000 N/A N/A $920,000 $390,000 $630,000 $645,000 $865,000 $570,000 $6,250,000 $1,600,000 $1,305,000 N/A N/A $850,000 $450,000 $440,000 $787,500 $1,500,000 $830,000 $420,000 $750,000 $530,000 $3,950,000 $1,150,000 $710,000 $1,550,000

KAIPARA DARGAVILLE DARGAVILLE SURROUNDS KAIWAKA MANGAWHAI MANGAWHAI HEADS MATAKOHE MAUNGATUROTO PAPAROA POUTO RUAWAI TE KOPURU TINOPAI WHAKAPIRAU

$325,000 $450,000 $645,000 $795,000 $802,500 N/A $440,000 $565,000 N/A $240,000 N/A N/A $580,000

2% 2% 8% 4% 0% N/A -2% N/A N/A -2% N/A N/A 3%

1% N/A 10% 9% 3% N/A 4% N/A N/A -6% N/A N/A N/A

117 36 44 74 93 N/A 34 20 N/A 13 N/A N/A 11

$740,000 $1,000,000 $870,000 $3,000,000 $2,585,000 N/A $1,080,000 $845,000 N/A $420,000 N/A N/A $880,000

WHANGAREI AVENUES GLENBERVIE HIKURANGI HORAHORA HUKERENUI&SURROUNDS KAMO

$410,000 $840,000 $390,000 $470,000 $615,000 $530,000

-1% 1% -1% 1% N/A 2%

-2% -1% 15% 4% N/A 2%

34 11 33 27 10 243

$605,000 $1,551,500 $715,000 $738,000 $790,000 $1,165,000

KAURI KENSINGTON KIRIPAKA KOKOPU LANGS BEACH MANGAPAI & SURROUNDS MATAPOURI MATARAU MAUNGAKARAMEA MAUNGATAPERE MAUNU MORNINGSIDE NGUNGURU ONE TREE POINT ONERAHI OTAIKA OTANGAREI PAKOTAI PARAHAKI PARUA BAY POROTI PORTLAND RAUMANGA REGENT RIVERSIDE RUAKAKA RUATANGATA TAMATERAU TIKIPUNGA TUTUKAKA WAIPU WHAKAPARA WHANANAKI WHANGAREI HEADS WHAREORA WHAU VALLEY WOODHILL

BIG PR GEST I 12 CE INSALE MO LA NTH ST S

15

TOT OF AL NU IN SALESMBER L MOAST 1 NTH 2 S

15

GISBORNE, HAWKES BAY

which to buy.

For each suburb, the tables also show for the 12 months the total number of sales and the biggest single sale. Together, they give a comprehensive picture of the property market in your own suburb – and the rest of the country.

12 % C-MON HA TH NG E

MANAWATU, WH ANGANUI

QU % CARTER HA NG E

15

LAT MEEST $ VDIAN ALU E

14

TARANAKI

B

BAY OF PLENTY

TOT OF AL NU IN SALESMBER L MOAST 1 NTH 2 S

13

12 % C-MON HA TH NG E

11

WAIKATO

QU % CARTER HA NG E

AUCKLAND

LAT MEEST $ VDIAN ALU E

11

B

NOR THLAND

expect to pay for a property in that suburb. The tables also track how well a suburb is performing, showing the changes in value over the last quarter and the last 12 months. These figures are a good indication of demand for property in the suburb and whether it is a good place in

UR

● 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.

What the tables tell you The tables show the latest median value for every suburb in New Zealand, arranged by region from north to south (towns and districts within those regions are shown in alphabetical order). The median value gives an indication of what buyers could typically

SUB

The model is intended to provide an estimate of value at the date it was run.

BIG PR GEST I 12 CE INSALE MO LA NTH ST S

T

he OneRoof Property Report suburb valuation tables, powered by Valocity, 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.

$745,000 $450,000 $647,500 $820,000 $1,540,000 $620,000 $925,000 $717,500 $595,000 $855,000 $705,000 $425,000 $790,000 $710,000 $470,000 $675,000 $240,000 $350,000 $560,000 $770,000 $805,000 $430,000 $365,000 $495,000 $560,000 $615,000 $680,000 $805,000 $430,000 $845,000 $785,000 $595,000 $830,000 $735,000 $775,000 $480,000 $440,000

-12% 0% 1% 3% 1% -1% 1% -13% -2% 2% 0% 1% 1% 0% 0% 2% 0% -5% 4% 2% 3% 4% 0% 0% 1% 1% 1% -1% 2% 1% -3% 3% -2% -1% 2% 2% 0%

11% 1% -5% 12% 5% N/A -10% 10% 8% 8% 3% 4% 6% 1% 1% N/A 12% 4% 24% 4% 14% N/A 11% 6% 22% -2% 9% 16% 0% -21% 1% 10% -3% 3% 30% 7% 0%

17 124 3 4 13 30 10 2 16 23 79 42 31 75 139 8 17 4 26 24 8 5 118 35 16 65 21 18 124 17 70 4 1 18 15 42 49

$880,000 $1,650,000 $850,000 $1,035,000 $2,275,000 $870,000 $1,200,000 $918,000 $895,000 $1,700,000 $1,600,000 $633,000 $1,075,000 $2,350,000 $1,050,000 $910,000 $318,000 $519,000 $865,000 $1,355,000 $830,000 $690,000 $562,000 $1,200,000 $1,200,000 $1,200,000 $1,150,000 $1,950,000 $890,000 $2,555,000 $2,500,000 $600,000 $775,000 $1,750,000 $1,300,000 $835,000 $639,088

$460,000 $820,000 $925,000 $625,000 $975,000 $1,700,000 $1,145,000 $942,500 $1,537,500 $485,000 $1,370,000 $1,445,000 $2,445,000 $1,060,000

0% 2% 0% 1% 3% 4% 0% 0% 1% 1% 1% 4% 3% 1%

0% 1% -3% 2% -3% -4% -0% -5% -4% 8% 5% 0% 1% -1%

701 233 119 77 149 183 89 58 90 101 87 179 40 67

$3,386,425 $1,500,000 $1,780,000 $2,580,000 $2,680,000 $5,850,000 $5,200,000 $1,505,000 $9,000,000 $2,305,000 $6,100,000 $3,525,000 $6,000,000 $2,500,000

GREATER AUCKLAND AUCKLAND — CITY AUCKLAND CENTRAL AVONDALE BLOCKHOUSE BAY EDEN TERRACE ELLERSLIE EPSOM FREEMANS BAY GLEN INNES GLENDOWIE GRAFTON GREENLANE GREY LYNN HERNE BAY HILLSBOROUGH

5% 3% -5% -1% -11% -8% -3% 4% -7% 0% -1% 2% 2% N/A -9% 5% N/A -5% 2%

9 11 20 48 25 18 14 15 8 5 36 13 587 5 3 14 N/A 11 217

$1,422,000 $1,190,000 $1,905,000 $2,000,000 $2,400,000 $1,220,000 $2,350,000 $969,000 $1,600,000 $1,390,000 $1,700,000 $1,025,000 $5,100,000 $2,100,000 $1,200,000 $2,685,000 N/A $1,450,000 $1,250,000

SUB AUCKLAND — MANUKAU ALFRISTON BEACHLANDS BROOKBY BUCKLANDS BEACH 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 MELLONS BAY NORTHPARK ORERE POINT

$1,615,000 $1,150,000 N/A $1,185,000 $540,000 $1,350,000 $645,000 $1,197,500 $1,360,000 $970,000 $1,255,000 $1,420,000 $1,245,000 $675,000 $1,090,000 $1,070,000 $845,000 $1,135,000 $890,000 $950,000 $1,060,000 $845,000 $675,000 $935,000 $640,000 $505,000 $630,000 $1,475,000 $1,185,000 $492,500

7% 0% N/A 3% -1% 2% 2% 1% 1% 2% 2% 1% 4% -1% 1% 3% 2% 1% 2% 2% 7% -6% 2% -1% 0% 0% 1% 1% 3% -1%

N/A 0% N/A -2% -2% -11% 1% -1% -6% 1% 2% -5% -3% 0% 1% -2% 0% 0% -1% -1% 1% 9% -1% 2% -1% 3% 1% -4% 0% 13%

5 150 N/A 108 109 14 65 111 28 89 56 25 34 45 522 39 43 79 45 195 6 8 142 116 159 42 764 44 49 7

$1,950,000 $2,500,000 N/A $3,000,000 $900,000 $1,725,000 $1,050,000 $3,250,000 $2,700,000 $1,388,000 $2,930,000 $3,000,000 $3,900,000 $1,290,000 $1,980,000 $1,365,000 $1,350,000 $2,220,000 $1,850,000 $2,200,000 $1,151,000 $1,170,000 $1,595,000 $1,810,000 $1,550,000 $1,631,000 $1,320,000 $3,860,000 $1,493,000 $510,000

BIG PR GEST I 12 CE INSALE MO LA NTH ST S

0% 5% -4% 1% N/A 10% 6% 3% -2% N/A -1% 3% 1% N/A -1% 3% N/A 3% 2%

TOT OF AL NU IN SALESMBER L MOAST 1 NTH 2 S

$1,200,000 $580,000 $1,055,000 $770,000 $880,000 $1,035,000 $1,230,000 $730,000 $1,060,000 $655,000 $880,000 $775,000 $665,000 $1,200,000 $1,005,000 $1,305,000 N/A $1,320,000 $635,000

12 % C-MON HA TH NG E

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

QU % CARTER HA NG E

$2,275,500 $7,600,000 $1,845,000 $2,325,000 $4,608,000 $2,510,000 $2,875,000 $9,500,000 $1,700,000 $1,655,000 $1,515,000 $1,760,000 $985,000 $1,950,000 $2,050,000 $3,850,000 $3,900,000 $5,150,000 $1,549,000 $1,530,000 $3,185,000 $2,300,000 $6,100,000 $1,490,000 $3,750,000 $1,200,000 $5,201,000 $10,500,000 $2,200,000 $10,500,000 $2,330,000 $3,515,000 $2,625,000 $1,780,500 $2,500,000 $1,869,000 $1,400,000 $1,452,174 $1,720,000 $4,750,000

$570,000 $910,000 $910,000 $700,000 $1,785,000 $1,217,500 $1,185,000 $995,000 $815,000 $1,545,000 $835,000 $2,280,000 $550,000 $980,000

0% 1% 1% 0% -2% 4% 1% 0% 0% 2% 2% -9% 1% 3%

1% 0% -3% -1% -7% -1% -3% -3% -2% N/A 0% -23% 2% -2%

73 95 141 518 11 31 69 37 42 4 115 20 7 64

$894,000 $1,600,000 $1,250,000 $1,340,000 $2,170,000 $1,524,000 $4,650,000 $1,406,000 $1,190,000 $1,650,000 $1,300,000 $5,000,000 $695,000 $1,262,000

AUCKLAND — NORTH SHORE ALBANY $980,000 ALBANY HEIGHTS $1,030,000 BAYSWATER $1,175,000 BAYVIEW $800,000 BEACH HAVEN $825,000 BELMONT $1,075,000 BIRKDALE $790,000 BIRKENHEAD $960,000 BROWNS BAY $1,015,000 CAMPBELLS BAY $1,705,000 CASTOR BAY $1,465,000 CHATSWOOD $1,185,000 DEVONPORT $1,560,000 FAIRVIEW HEIGHTS $1,335,000 FORREST HILL $1,180,000 GLENFIELD $845,000 GREENHITHE $1,295,000 HAURAKI $1,350,000 HILLCREST $1,020,000 LONG BAY $1,420,000 LUCAS HEIGHTS $1,350,000 MAIRANGI BAY $1,445,000 MILFORD $1,220,000 MURRAYS BAY $1,340,000 NARROW NECK $1,420,000 NORTHCOTE $1,020,000 NORTHCOTE POINT $1,275,000 NORTHCROSS $960,000 OKURA $1,145,000 OTEHA $910,000 PAREMOREMO $1,120,000 PINEHILL $1,380,000 ROSEDALE $900,000 ROTHESAY BAY $1,250,000 SCHNAPPER ROCK $1,360,000 STANLEY POINT $1,672,500 SUNNYNOOK $985,000 TAKAPUNA $1,285,000 TORBAY $980,000 TOTARA VALE $865,000 UNSWORTH HEIGHTS $945,000 WAIAKE $1,180,000 WAIRAU VALLEY $770,000 WINDSOR PARK $1,100,000

1% 1% 1% 1% 1% 1% 0% 1% 2% -0% 2% 0% 0% -0% 4% 1% -0% 1% 1% 0% -6% 1% 2% -1% 1% 1% -1% 0% -2% 0% -5% 0% -1% -0% 0% 0% 3% 2% 1% 0% 0% 2% 1% -0%

-2% -1% 1% -1% 1% -1% -1% 1% -4% -7% -3% -3% -1% -3% -1% -1% -2% 2% 0% -7% -20% -2% 3% -1% 1% -2% 0% -4% -5% -5% -22% -0% -1% -0% -5% -3% -3% -2% -3% -1% -1% 1% -0% -3%

146 44 25 115 157 50 124 128 148 28 55 35 80 27 103 229 113 73 120 45 6 76 131 46 36 89 34 27 3 61 7 41 11 50 47 24 63 149 201 71 55 23 2 22

$1,705,000 $3,300,000 $2,775,000 $1,300,000 $1,730,000 $3,825,000 $1,215,000 $2,900,000 $4,050,000 $4,100,000 $3,200,000 $1,620,000 $5,500,000 $1,720,000 $2,000,000 $3,020,000 $3,070,000 $5,800,000 $1,800,000 $2,100,000 $3,373,400 $4,232,000 $3,700,000 $3,500,000 $3,660,000 $2,825,000 $2,750,000 $1,540,000 $1,212,000 $1,738,000 $2,000,000 $2,180,000 $1,110,000 $3,650,000 $3,050,000 $2,600,000 $1,568,000 $5,340,000 $2,410,000 $1,315,000 $2,105,000 $4,125,000 $728,000 $1,635,000

AUCKLAND — PAPAKURA CONIFER GROVE DRURY KARAKA OPAHEKE PAHUREHURE PAPAKURA RED HILL ROSEHILL TAKANINI

$810,000 $785,000 $1,197,500 $740,000 $757,500 $610,000 $580,000 $615,000 $735,000

1% 6% 1% 1% 1% 0% 1% 3% 1%

0% 5% 1% 1% -1% 1% 0% 0% 1%

98 15 99 73 64 613 28 72 293

$1,350,000 $1,785,000 $3,200,000 $2,117,000 $1,070,000 $1,885,000 $820,000 $1,176,000 $2,200,000

AUCKLAND — RODNEY ALGIES BAY ARKLES BAY ARMY BAY COATESVILLE DAIRY FLAT GULF HARBOUR HATFIELDS BEACH HELENSVILLE HUAPAI KAIPARA FLATS KAUKAPAKAPA KUMEU LEIGH MAHURANGI WEST MAKARAU MANLY MATAKANA MATAKATIA MURIWAI OMAHA

$910,000 $865,000 $845,000 $2,580,000 $1,795,000 $795,000 $785,000 $795,000 $912,500 $1,090,000 $1,035,000 $1,065,000 $832,500 $1,487,500 $935,000 $810,000 $1,250,000 $1,110,000 $1,065,000 $1,625,000

1% 1% -2% 7% 7% -1% 0% 1% -1% -6% -2% -3% 1% -7% -2% -1% 2% -1% -1% -1%

1% -3% -4% -3% N/A -2% 3% 1% -6% -0% -8% -22% -3% -5% 3% -2% 15% -3% 1% 14%

15 17 32 14 18 136 20 71 56 12 31 93 14 1 7 68 20 12 23 50

$2,130,000 $1,550,000 $1,850,000 $5,050,000 $3,160,000 $2,000,000 $1,725,000 $3,200,000 $1,350,000 $1,100,000 $1,550,000 $2,575,000 $12,000,000 $1,465,788 $970,000 $1,850,000 $2,330,000 $2,000,000 $1,750,000 $7,225,000

OTARA PAKURANGA PAKURANGA HEIGHTS PAPATOETOE SHAMROCK PARK SOMERVILLE SUNNYHILLS THE GARDENS TOTARA HEIGHTS TOTARA PARK WATTLE DOWNS WHITFORD WIRI BOTANY DOWNS

LAT MEEST $ VDIAN ALU E

32 67 53 75 73 56 197 289 261 286 69 26 12 59 230 69 18 49 49 101 6 65 109 4 134 25 74 345 61 193 53 20 118 92 39 31 8 10 40 59

UR B

3% -2% 0% -1% 1% 4% 0% -4% -1% 1% -2% 6% -1% 0% 1% -1% -1% -2% -2% -1% -2% -1% 5% -5% -0% 1% -5% 0% 0% -5% -4% 2% -1% -3% -1% -2% 3% 0% -7% -1%

SUB

BIG PR GEST I 12 CE INSALE MO LA NTH ST S

12 % C-MON HA TH NG E

TOT OF AL NU IN SALESMBER L MOAST 1 NTH 2 S

QU % CARTER HA NG E 4% -1% 2% 3% 1% 1% 3% 3% 1% 0% 1% 5% 3% 1% 2% 1% 1% 2% 2% -1% 1% -1% 2% -2% 3% 3% 6% 3% 2% 0% 1% 2% 3% -1% 1% 1% 1% 4% -2% 8%

LAT MEEST $ VDIAN ALU E $1,250,000 $1,520,000 $960,000 $1,330,000 $1,495,000 $1,145,000 $1,080,000 $1,430,000 $925,000 $790,000 $940,000 $695,000 $760,000 $1,040,000 $905,000 $1,155,000 $970,000 $1,560,000 $825,000 $630,000 $1,220,000 $800,000 $1,345,000 $910,000 $1,445,000 $940,000 $1,695,000 $1,735,000 $1,125,000 $1,500,000 $1,145,000 $2,250,000 $1,130,000 $1,335,000 $895,000 $985,000 $990,000 $1,295,000 $840,000 $1,755,000

UR B KINGSLAND KOHIMARAMA LYNFIELD MEADOWBANK MISSION BAY MORNINGSIDE MOUNT ALBERT MOUNT EDEN MOUNT ROSKILL MOUNT WELLINGTON NEW WINDSOR NEWMARKET OMIHA ONE TREE HILL ONEHUNGA ONEROA ONETANGI ORAKEI OSTEND OTAHUHU PALM BEACH PANMURE PARNELL PENROSE POINT CHEVALIER POINT ENGLAND PONSONBY REMUERA ROYAL OAK SAINT HELIERS SAINT JOHNS SAINT MARYS BAY SANDRINGHAM STONEFIELDS SURFDALE THREE KINGS WAIHEKE ISLAND WAIOTAIKI BAY WATERVIEW WESTMERE

-1% N/A -3% 4% N/A 1% -1% -13% -4% N/A -4% 2% 6% -3% 2% -25% 13% 8% -1% -1% -4% N/A 0% -13% -2% 2% 5% -2% 31%

204 N/A 25 12 2 14 117 N/A 43 N/A 160 85 5 197 23 11 8 5 1 10 2 36 13 11 1 99 59 3 6

$2,200,000 N/A $1,300,000 $2,000,000 $650,000 $2,600,000 $2,175,000 N/A $3,200,000 N/A $1,765,000 $1,920,000 $1,205,000 $2,280,000 $1,100,000 $4,250,000 $3,800,000 $1,220,000 $525,000 $2,888,000 $2,350,000 $3,429,041 $3,780,000 $2,580,800 $850,000 $3,200,000 $1,200,000 $810,000 $3,500,000

AUCKLAND — 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

$750,000 $900,000 $735,000 $755,000 $875,000 $770,000 $855,000 $1,077,500 $915,000 $720,000 $610,000 $740,000 $820,000 $740,000 $745,000 $865,000 $825,000 $900,000 $680,000 $720,000 $845,000 $925,000 $800,000 $885,000 $820,000 $950,000 $980,000 $850,000 $990,000

1% 1% 2% 2% 1% 1% -1% 0% 2% 2% 4% 1% 2% 2% 1% N/A 3% 1% 1% 2% 1% 1% 2% 0% 0% -2% 0% -1% 1%

N/A -2% 1% 2% -3% -1% -3% -0% N/A 0% -16% -1% 1% 1% -1% N/A -1% -13% -1% 0% -1% -3% -2% -2% -4% -13% -1% -2% N/A

1 2 283 80 53 450 14 9 508 4 N/A 52 34 383 240 7 6 24 170 82 96 191 212 235 13 27 134 35 82

$810,000 $935,000 $1,220,000 $1,230,000 $1,420,000 $2,504,347 $1,550,000 $1,790,000 $2,200,000 $770,000 N/A $1,450,000 $1,220,000 $1,320,000 $1,458,888 $975,000 $839,000 $1,170,000 $1,262,000 $1,095,000 $1,975,000 $2,485,000 $1,325,800 $2,260,000 $1,195,000 $1,520,000 $1,950,000 $1,400,000 $1,695,000

WAIKATO COROMANDEL COOKS BEACH COROGLEN COROMANDEL HAHEI HIKUTAIA HOT WATER BEACH KAIMARAMA KOPU KUAOTUNU MATARANGI MATATOKI ONEMANA OPITO BAY OPOUTERE PAUANUI PURIRI TAIRUA TAPU TE KOUMA TE MATA TE PURU THAMES THORNTON BAY TUATEAWA WAIOMU WHANGAMATA WHANGAPOUA WHENUAKITE WHITIANGA

$750,000 $635,000 $565,000 $1,005,000 $707,500 $950,000 $720,000 $610,000 $795,000 $625,000 $555,000 $705,000 $1,175,000 $565,000 $785,000 $570,000 $680,000 $595,000 $775,000 $607,500 $575,000 $485,000 $700,000 $565,000 $530,000 $755,000 $890,000 $720,000 $665,000

1% 2% N/A -0% 0% -1% 5% -10% N/A 1% -7% 1% 5% N/A -1% N/A 3% 3% 3% 1% 5% 1% 3% 6% 1% 4% 1% 3% 2%

8% 17% N/A 7% 17% 8% 15% -1% 18% 8% 4% 4% 5% 1% 8% 2% 1% 14% 5% 8% 6% -2% 7% 14% 5% 9% N/A N/A 7%

31 1 53 14 8 2 6 2 6 44 N/A 11 6 3 105 3 52 4 3 3 7 146 10 4 11 215 11 3 231

$3,000,000 $619,000 $1,705,000 $1,975,000 $930,000 $2,000,000 $1,339,000 $500,000 $950,000 $1,650,000 N/A $5,500,000 $1,450,000 $520,000 $3,637,500 $785,000 $1,775,000 $1,775,000 $920,000 $725,000 $810,000 $1,575,000 $1,100,000 $545,000 $742,000 $4,200,000 $2,900,000 $3,270,000 $2,060,000

BIG PR GEST I 12 CE INSALE MO LA NTH ST S

TOT OF AL NU IN SALESMBER L MOAST 1 NTH 2 S

0% 3% 3% -2% -1% 1% 1% -1% 1% 1% 1% 1% -1% 2% 2% 1% 1% 6% 1% -1% 1% 2% 1% 0% 1% -1% 0% 0% 0% 5% 2% 1% 2% -0% 1% 1% 1% 2% 1% -1% 2% 1%

8% N/A 7% 12% 6% 6% 6% 8% 6% 9% 7% 8% 6% 6% 7% 9% 5% -3% 5% 8% 5% 7% 4% 5% 3% 5% 7% 7% -4% -7% 8% 3% 4% 11% 5% 6% 6% 4% 8% 9% 4% 12%

45 13 48 3 212 23 56 28 194 68 134 64 47 264 56 172 119 11 50 66 272 47 16 131 145 50 122 221 10 11 91 41 17 8 85 104 3 117 31 17 22 39

$605,000 $815,000 $1,453,000 $880,000 $1,405,000 $838,000 $990,000 $612,000 $855,000 $825,000 $1,560,000 $680,000 $870,000 $1,972,000 $815,000 $2,260,000 $850,000 $1,550,000 $972,500 $1,140,000 $1,500,000 $1,450,000 $1,700,000 $1,210,000 $1,250,000 $770,000 $1,600,000 $860,000 $2,425,000 $1,280,000 $1,350,000 $1,020,000 $950,000 $1,860,000 $1,375,000 $1,110,000 $735,000 $1,820,000 $859,000 $1,780,000 $902,000 $805,000

HAURAKI KAIAUA KAIHERE KARANGAHAKE KEREPEHI MANGATARATA NGATEA PAEROA PIPIROA TURUA WAIHI WAIHI BEACH WAIKINO WAITAKARURU WHAKATIWAI WHIRITOA

$600,000 N/A $520,000 $360,000 N/A $480,000 $395,000 $660,000 $470,000 $430,000 $825,000 $685,000 N/A $770,000 $595,000

N/A N/A -9% N/A N/A -1% 1% N/A 0% 2% -2% -6% N/A N/A -2%

N/A N/A 7% N/A N/A 4% 8% N/A N/A 12% 3% 13% N/A N/A 4%

5 N/A 3 11 N/A 33 83 N/A 15 91 62 8 N/A 5 12

$676,500 N/A $775,000 $415,000 N/A $892,000 $875,000 N/A $810,000 $830,000 $1,712,000 $875,000 N/A $760,000 $790,000

MATAMATA MANAWARU MATAMATA MORRINSVILLE OKAUIA RICHMOND DOWNS TAHUNA TE AROHA TE POI WAIHOU WAITOA

$740,000 $520,000 $535,000 $852,500 N/A $470,000 $450,000 N/A $425,000 N/A

2% 0% 1% -6% N/A N/A 1% N/A 1% N/A

8% 8% 13% -6% N/A -6% 13% N/A N/A N/A

5 279 284 4 N/A 6 134 N/A 6 N/A

$723,750 $1,850,000 $1,200,000 $1,120,000 N/A $685,000 $930,000 N/A $630,000 N/A

OTOROHANGA KAWHIA OTOROHANGA

N/A $370,000

N/A 1%

N/A 14%

N/A 73

N/A $810,000

SOUTH WAIKATO ARAPUNI KINLEITH LICHFIELD PUTARURU TAPAPA TIRAU TOKOROA

$425,000 $715,000 $680,000 $345,000 $640,000 $420,000 $255,000

2% N/A N/A -1% 0% 1% 2%

20% N/A 11% 13% 8% 9% 24%

6 N/A 8 110 2 37 343

$450,000 N/A $780,000 $1,250,000 $855,000 $820,000 $700,000

TAUPO ACACIA BAY BROADLANDS FOREST HATEPE HILLTOP KINLOCH KURATAU

$790,000 $685,000 $387,500 $540,000 $760,000 $480,000

1% 5% -11% -4% 3% -2%

10% 7% -1% -1% 10% 7%

51 4 N/A 77 65 37

$1,850,000 $810,000 N/A $1,510,000 $1,290,000 $840,000

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

LAT MEEST $ VDIAN ALU E $425,000 $747,500 $650,000 $985,000 $585,000 $680,000 $555,000 $495,000 $540,000 $425,000 $505,000 $555,000 $580,000 $825,000 $555,000 $445,000 $560,000 $845,000 $685,000 $565,000 $540,000 $655,000 $830,000 $600,000 $800,000 $520,000 $490,000 $470,000 $1,070,000 $1,020,000 $595,000 $705,000 $680,000 $1,195,000 $770,000 $795,000 $680,000 $575,000 $555,000 $602,500 $747,500 $475,000

UR B

12 % C-MON HA TH NG E

0% N/A -1% 6% 3% -11% 1% N/A -0% N/A -0% 1% -3% -2% -0% -7% 18% 10% 9% -1% 9% -2% -3% -9% 1% 0% 3% 2% 5%

QU % CARTER HA NG E

$870,000 N/A $565,000 $1,325,000 $600,000 $1,100,000 $910,000 $1,710,000 $1,150,000 N/A $1,075,000 $760,000 $1,000,000 $745,000 $780,000 $1,482,500 $1,290,000 $985,000 $925,000 $1,115,000 $890,000 $1,170,000 $1,570,000 $1,570,000 $897,500 $835,000 $580,000 $765,000 $1,360,000

SUB

BIG PR GEST I 12 CE INSALE MO LA NTH ST S

TOT OF AL NU IN SALESMBER L MOAST 1 NTH 2 S

12 % C-MON HA TH NG E

QU % CARTER HA NG E

LAT MEEST $ VDIAN ALU E

UR B SUB OREWA PAKIRI PARAKAI POINT WELLS PORT ALBERT PUHOI RED BEACH REDVALE RIVERHEAD SHELLY BEACH SILVERDALE SNELLS BEACH SOUTH HEAD STANMORE BAY STILLWATER TAUPAKI TAWHARANUI PENINSULA TE ARAI TI POINT TINDALLS BEACH TOMARATA WAIMAUKU WAINUI WAITOKI WAIWERA WARKWORTH WELLSFORD WHANGARIPO WHANGATEAU

5% N/A 5% -3% -5% -2% 2% -5% 9% 6% -3% -5% -4% 4% 8% 8% 2% -9% 7% 3% -4% 6% 5% -3% 7% 17% -2% N/A 6% 0% 5% 2% N/A 0% N/A

3 N/A 2 8 N/A 1 13 8 176 6 14 1 7 13 3 167 17 3 9 167 25 14 107 5 84 22 15 N/A 53 N/A 31 120 7 25 N/A

$875,000 N/A $830,000 $1,100,000 N/A $500,000 $1,545,000 $2,820,000 $1,200,000 $1,245,000 $1,150,000 $700,000 $1,030,000 $405,000 $1,300,000 $1,500,000 $1,266,145 $780,000 $1,280,000 $1,100,000 $1,210,000 $2,870,000 $2,500,000 $1,900,000 $2,750,000 $1,440,000 $1,450,000 N/A $1,200,000 N/A $3,100,000 $1,333,000 $788,000 $1,320,000 N/A

WAIPA CAMBRIDGE KARAPIRO KIHIKIHI LEAMINGTON NGAHINAPOURI OHAUPO PIRONGIA ROTOORANGI RUKUHIA TE AWAMUTU TE MIRO TE PAHU

$785,000 $1,045,000 $475,000 $630,000 $920,000 $867,500 $705,000 $865,000 $965,000 $510,000 $877,500 $735,000

1% -4% 1% 1% 0% -3% -3% 3% 4% 1% -5% 7%

6% 7% 12% 5% 7% 3% 3% -4% 8% 5% 6% 8%

317 11 64 230 21 46 34 10 22 376 5 5

$3,700,000 $1,710,000 $955,000 $1,300,000 $1,250,000 $1,500,000 $1,050,000 $1,650,000 $1,290,000 $1,530,000 $1,520,000 $850,000

N/A N/A N/A $210,000 $270,000

N/A N/A N/A -2% 4%

N/A N/A N/A 17% 15%

N/A N/A N/A 11 123

N/A N/A N/A $280,000 $880,000

SUB WAITOMO AWAKINO MAROKOPA MOKAU PIOPIO TE KUITI

BAY OF PLENTY BAY OF PLENTY AONGATETE ATHENREE HAURAKI SURROUNDS KAIMAI KATIKATI MAKETU OMOKOROA OROPI PAENGAROA PONGAKAWA PUKEHINA TE PUKE TE PUNA

$850,000 $715,000 $840,000 $917,500 $550,000 $510,000 $775,000 $1,060,000 $615,000 $580,000 $755,000 $520,000 $1,115,000

-1% 1% 4% -5% 1% 2% -3% -3% -1% 10% -2% -1% -3%

-7% 9% 14% 3% 2% 13% 2% 11% 5% N/A 7% 6% -6%

32 27 63 27 141 10 116 34 19 5 50 177 14

$1,560,000 $1,650,000 $2,925,000 $1,500,000 $1,588,000 $1,530,000 $1,822,500 $1,750,000 $1,600,000 $615,000 $1,425,000 $2,400,000 $1,800,000

BIG PR GEST I 12 CE INSALE MO LA NTH ST S

3% N/A -6% 1% 0% -2% -1% 6% 1% 4% 1% 0% -1% 1% 5% 1% -1% 2% 3% 2% -6% -1% 3% -4% 2% 5% -1% -4% 0% -3% 0% 0% -0% -5% N/A

TOT OF AL NU IN SALESMBER L MOAST 1 NTH 2 S

$805,000 N/A $812,500 $920,000 $667,500 $630,000 $597,500 $1,295,000 $370,000 $855,000 $947,500 $710,000 $620,000 $342,500 $915,000 $455,000 $745,000 $635,000 $892,500 $745,000 $845,000 $1,065,000 $720,000 $812,500 $1,320,000 $740,000 $917,500 $405,000 $600,000 $755,000 $1,025,000 $575,000 $742,500 $900,000 N/A

12 % C-MON HA TH NG E

WAIKATO AKA AKA BUCKLAND CHURCHILL EUREKA GLEN MASSEY GLEN MURRAY HOROTIU HORSHAM DOWNS HUNTLY MANGATANGI MANGATAWHIRI MARAMARUA MERCER MEREMERE MIRANDA NGARUAWAHIA ONEWHERO ORINI OTAUA POKENO PUKEKAWA PUKEMOREMORE RAGLAN RANGIRIRI TAMAHERE TAUPIRI TAUWHARE TE AKAU TE KAUWHATA TE KOHANGA TE KOWHAI TUAKAU WAERENGA WHATAWHATA WHITIKAHU

QU % CARTER HA NG E

$1,480,000 $496,000 N/A $920,000 $1,150,000 $525,000 $950,000 $642,500 $1,775,000 $795,000 $610,000 $2,275,000 N/A $875,500 $1,550,000 $980,000 $1,500,000 $2,000,000

$1,095,000 $970,000

-6% -3%

-4% -2%

10 72

$1,575,000 $3,000,000

KAWERAU KAWERAU

$295,000

7%

23%

157

$617,000

OPOTIKI OPOTIKI & SURROUNDS OPOTIKI COASTAL TE KAHA WAIHAU BAY

$335,000 $400,000 $320,000 $470,000

5% N/A N/A N/A

3% N/A N/A N/A

86 22 9 2

$1,525,000 $855,000 $881,000 $775,000

ROTORUA 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 MOUREA NGAKURU NGAPUNA NGONGOTAHA OHINEMUTU OKERE FALLS OWHATA PUKEHANGI REPOROA & SURROUNDS REREWHAKAAITU ROTOITI FOREST ROTORUA CENTRAL SELWYN HEIGHTS SPRINGFIELD TIHIOTONGA TIKITERE UTUHINA VICTORIA WAIKITE VALLEY WESTBROOK WESTERN HEIGHTS WHAKAREWAREWA

$410,000 $407,500 $230,000 $540,000 $860,000 $370,000 $465,000 $440,000 $685,000 $545,000 $345,000 $875,000 $390,000 $930,000 $720,000 $270,000 $385,000 $432,500 $670,000 $310,000 $450,000 $440,000 $630,000 $465,000 $440,000 $490,000 N/A $517,500 $390,000 $390,000 $605,000 $715,000 $1,005,000 $440,000 $425,000 $710,000 $525,000 $350,000 $375,000

0% 2% 2% 3% 1% 1% 2% 2% 6% 2% 0% 3% 1% 4% 2% -8% 0% N/A 6% 0% 2% 0% 4% 2% 2% -4% N/A 4% 3% 3% 3% 1% 9% 1% 1% 8% 2% 1% 3%

9% 8% 10% 10% 4% 7% 8% 10% 13% 10% 11% 7% 8% 8% 13% 13% 10% 7% 15% 17% 11% 9% 10% 11% 10% -1% N/A 9% 13% 7% 7% 8% 7% 6% 13% 12% 7% 6% 12%

41 27 25 101 39 5 25 11 1 42 31 13 9 11 62 16 70 7 5 2 96 N/A 3 132 98 8 N/A 5 14 18 69 10 14 28 36 5 85 85 2

$529,000 $575,000 $345,000 $1,100,000 $2,150,000 $510,000 $596,000 $590,000 $430,000 $1,200,000 $850,000 $2,200,000 $557,000 $1,300,000 $1,018,000 $427,500 $675,000 $1,350,000 $815,000 $310,000 $1,357,500 N/A $1,450,000 $1,000,000 $1,040,000 $630,000 N/A $705,000 $712,500 $451,000 $905,000 $1,700,000 $1,750,000 $605,000 $840,000 $695,000 $1,650,000 $920,000 $415,366

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

$550,000 $805,000 $575,000 $500,000 $540,000 $545,000 $530,000 $712,500 $740,000 $630,000 $775,000 $775,000 $705,000 $715,000 $475,000 $475,000 $750,000 $670,000 $605,000 $1,310,000 $630,000

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

5% 3% 4% 6% 5% 5% 6% -1% 2% 7% 5% 2% 4% 4% 7% 8% 3% 0% 4% 1% 5%

96 172 125 122 110 50 71 1 139 61 522 98 171 790 39 23 344 54 116 24 247

$970,000 $2,275,000 $1,100,000 $765,000 $1,310,000 $872,500 $970,000 $901,000 $2,500,000 $1,180,000 $6,000,000 $3,000,000 $3,500,000 $2,760,000 $620,000 $740,000 $4,850,000 $2,130,000 $2,300,000 $2,875,000 $1,700,000

$682,500 $375,000 $590,000 $480,000 $105,000 $345,000 $765,000 $690,000 $730,000 $180,000 $632,500 $882,500 $460,000

-0% 3% 3% 0% 11% N/A 0% 3% 7% 3% -1% 4% 0%

7% 10% 13% 10% 50% N/A 6% 1% 3% N/A 2% 13% 7%

21 41 2 16 22 1 85 14 7 14 9 9 299

$972,500 $927,000 $840,000 $1,025,000 $170,500 $176,500 $1,900,000 $905,000 $770,000 $1,001,000 $875,000 $950,000 $1,255,000

WAIROA WHAKAMARAMA

WHAKATANE COASTLANDS EDGECUMBE MANAWAHE MATATA MURUPARA MURUPARA SURROUNDS OHOPE OTAKIRI ROTOMA TANEATUA TE TEKO THORNTON WHAKATANE

LAT MEEST $ VDIAN ALU E

10 53 N/A 19 122 10 5 5 43 60 46 229 N/A 113 52 26 9 25

UR B

10% 28% N/A 5% 7% 3% 7% 8% 2% 6% 12% 4% 11% 13% 7% 15% N/A 4%

SUB

12 % C-MON HA TH NG E

BIG PR GEST I 12 CE INSALE MO LA NTH ST S

QU % CARTER HA NG E

TOT OF AL NU IN SALESMBER L MOAST 1 NTH 2 S

LAT MEEST $ VDIAN ALU E

2% 4% N/A 1% 2% -2% 4% -4% 2% 1% 3% 0% 8% 2% 4% 4% 0% 1%

UR B

$505,000 $255,000 N/A $495,000 $565,000 $450,000 $805,000 $500,000 $630,000 $505,000 $375,000 $485,000 $287,500 $260,000 $700,000 $665,000 $550,000 $765,000

LAKE TAUPO (EAST) MANGAKINO MAUNGANAMU MOTUOAPA NUKUHAU OMORI ORUANUI PUKAWA RANGATIRA PARK RICHMOND HEIGHTS TAUHARA TAUPO TOKAANU TURANGI WAIPAHIHI WAIRAKEI & SURROUNDS WAITAHANUI WHAREWAKA

7% 10% 6% N/A 4% 12% 5% 7% 8% -5% 2% -2% 8% 2% 7% 1% 7% 5% 9% 5% 6% 9% -2% N/A 12% 6% 6% -4% N/A N/A 6% 9% 1% 7% 6% 4%

146 31 13 9 19 34 65 20 38 7 19 17 113 16 31 1 27 89 43 117 20 21 5 N/A 59 63 29 3 N/A 6 41 97 20 53 146 58

$1,900,000 $750,000 $790,000 $1,020,000 $890,000 $2,010,226 $885,000 $799,000 $1,150,000 $2,050,000 $790,000 $1,107,500 $1,300,000 $1,100,000 $1,065,000 $860,000 $480,000 $1,100,000 $630,000 $2,060,000 $2,050,000 $495,000 $1,650,000 N/A $642,500 $1,900,000 $1,350,000 $720,000 N/A $1,100,000 $639,500 $765,000 $1,010,000 $807,500 $910,000 $850,000

$225,000 $295,000 N/A $170,000 $255,000 $270,000 $135,000 $170,000

2% 2% N/A 3% 11% 6% 0% 0%

10% 13% N/A 17% 42% 23% 8% 31%

67 326 N/A 19 32 50 21 39

$500,000 $890,000 N/A $337,500 $610,000 $441,000 $215,000 $305,000

$307,500 $310,000

-2% 5%

N/A 13%

9 170

$485,000 $1,475,000

MANAWATU-WHANGANUI HOROWHENUA FOXTON FOXTON BEACH HOKIO BEACH LEVIN MANAKAU OHAU SHANNON TOKOMARU WAITARERE BEACH

$295,000 $370,000 $335,000 $365,000 $570,000 $655,000 $290,000 $405,000 $390,000

4% -1% 6% 0% 3% 0% 4% N/A -3%

18% 14% N/A 18% 16% 16% 18% N/A 15%

76 95 6 549 22 21 35 13 48

$590,000 $1,036,000 $560,000 $1,250,000 $1,210,000 $960,000 $870,000 $700,000 $1,150,000

MANAWATU FEILDING HALCOMBE HIMATANGI BEACH KAIRANGA NEWBURY POHANGINA RONGOTEA SANSON TANGIMOANA TIAKITAHUNA

$425,000 $590,000 $335,000 $760,000 $755,000 $612,500 $465,000 $355,000 $220,000 N/A

4% N/A -6% 2% 6% 2% N/A 1% 0% N/A

16% 8% 12% 12% 12% 11% N/A 22% 10% N/A

423 16 21 6 9 8 18 18 10 N/A

$952,500 $802,000 $550,000 $1,400,000 $1,242,000 $705,425 $880,000 $1,510,000 $400,000 N/A

PALMERSTON NORTH AOKAUTERE ASHHURST AWAPUNI CLOVERLEA FITZHERBERT HIGHBURY HOKOWHITU KELVIN GROVE LINTON MILSON PALMERSTON NORTH CTRL ROSLYN TAKARO TERRACE END TURITEA

$780,000 $457,500 $445,000 $410,000 $675,000 $370,000 $560,000 $575,000 $685,000 $445,000 $450,000 $380,000 $405,000 $455,000 $895,000

4% 8% 5% 4% 2% 3% 3% 2% 9% 3% 3% 3% 4% 5% 9%

10% 20% 16% 17% 11% 17% 14% 12% 15% 16% 15% 18% 17% 15% 15%

14 89 208 49 87 131 211 177 18 144 136 130 122 120 5

$1,325,000 $950,000 $975,000 $535,000 $1,350,000 $617,000 $1,550,000 $1,200,000 $860,000 $740,000 $835,000 $860,000 $575,000 $950,000 $945,000

BIG PR GEST I 12 CE INSALE MO LA NTH ST S

TOT OF AL NU IN SALESMBER L MOAST 1 NTH 2 S

$420,000 $375,000 $650,000

2% 7% 1%

15% 23% 10%

121 36 5

$850,000 $760,000 $1,020,000

RANGITIKEI BULLS HUNTERVILLE KOITIATA MARTON PAREWANUI TAIHAPE & SURROUNDS

$295,000 N/A $255,000 $285,000 N/A $200,000

4% N/A -15% 6% N/A 3%

13% N/A -4% 16% N/A 38%

36 N/A 5 176 N/A 43

$600,000 N/A $350,000 $806,050 N/A $450,000

RUAPEHU KAKAHI MANUNUI NATIONAL PARK OHAKUNE OWHANGO RAETIHI TAUMARUNUI

N/A $205,000 $222,500 $355,000 $190,000 $190,000 $190,000

N/A N/A N/A 1% N/A 31% 0%

N/A N/A N/A 29% N/A 41% 23%

N/A 12 10 94 13 23 117

N/A $607,500 $570,000 $820,000 $580,500 $490,000 $535,000

TARARUA DANNEVIRKE EKETAHUNA ORMONDVILLE PAHIATUA WOODVILLE

$270,000 N/A $345,000 $265,000 $235,000

2% N/A -4% 4% 4%

23% N/A 7% 23% 24%

196 N/A 2 115 42

$750,000 N/A $350,000 $675,000 $420,000

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

$270,000 $395,000 $647,500 $230,000 $380,000 $360,000 $560,000 $260,000 $530,000 $627,500 $445,000 $555,000 $585,000 $360,000 $445,000 $375,000 $325,000 $250,000 $285,000 $647,500

2% 7% 0% 5% 4% 7% N/A 2% 1% N/A 11% N/A -1% 4% 1% 1% 3% 2% 6% 4%

17% 16% 9% 28% 17% 18% 23% 27% 20% 20% 27% 19% 14% 26% 16% 15% 16% 28% 21% 15%

97 20 6 147 32 41 2 131 8 N/A 1 11 34 8 58 124 53 136 182 15

$488,000 $622,500 $1,100,000 $765,000 $905,000 $1,100,000 $660,000 $611,000 $950,000 N/A $452,100 $1,040,000 $915,000 $600,000 $900,000 $600,000 $910,000 $695,000 $701,165 $835,000

UR B

12 % C-MON HA TH NG E

3% 4% 2% -2% 1% 5% 3% 3% 1% -1% 0% -2% 3% 2% 3% 0% 5% 2% 4% 1% 1% 1% -3% N/A 3% 3% 2% -1% N/A N/A 2% 0% -1% 3% 2% 0%

QU % CARTER HA NG E

SOUTH TARANAKI ELTHAM HAWERA KAPONGA MANAIA NORMANBY OPUNAKE PATEA WAVERLEY STRATFORD MIDHIRST STRATFORD

$460,000 $390,000 $425,000 $537,500 $430,000 $545,000 $455,000 $500,000 $610,000 $805,000 $480,000 $765,000 $405,000 $615,000 $445,000 $660,000 $305,000 $515,000 $440,000 $525,000 $770,000 $370,000 $730,000 N/A $375,000 $560,000 $620,000 $772,500 N/A $725,000 $415,000 $315,000 $780,000 $455,000 $415,000 $530,000

LAT MEEST $ VDIAN ALU E

NEW PLYMOUTH BELL BLOCK BLAGDON BROOKLANDS EGMONT VILLAGE FERNDALE FITZROY FRANKLEIGH PARK GLEN AVON HIGHLANDS PARK HILLSBOROUGH HURDON HURWORTH INGLEWOOD LEPPERTON LYNMOUTH MANGOREI MARFELL MERRILANDS MOTUROA NEW PLYMOUTH CENTRAL OAKURA OKATO OMATA ONAERO SPOTSWOOD STRANDON STRATFORD SURROUNDS TARURUTANGI TIKORANGI URENUI VOGELTOWN WAITARA WAIWHAKAIHO WELBOURN WESTOWN WHALERS GATE

WEST END WESTBROOK WHAKARONGO

SUB

BIG PR GEST I 12 CE INSALE MO LA NTH ST S

TOT OF AL NU IN SALESMBER L MOAST 1 NTH 2 S

12 % C-MON HA TH NG E

QU % CARTER HA NG E

LAT MEEST $ VDIAN ALU E

UR B SUB

TARANAKI

GISBORNE / HAWKE’S BAY GISBORNE AWAPUNI ELGIN GISBORNE HEXTON INNER KAITI KAITI LYTTON WEST MAKARAKA MANGAPAPA MATAWHERO MATOKITOKI OKITU ORMOND OUTER KAITI PATUTAHI RIVERDALE TAMARAU TE HAPARA TOLAGA BAY WAINUI WHATAUPOKO

$407,500 $290,000 $375,000 $865,000 $435,000 $285,000 $632,500 $495,000 $380,000 $810,000 $772,500 $812,500 $682,500 $245,000 $657,500 $445,000 $315,000 $350,000 $195,000 $945,000 $510,000

3% 7% 6% -5% 5% 2% 0% 5% 4% -4% -4% 6% -6% 7% 2% 5% 7% 4% 8% 7% 4%

16% 23% 25% 17% 23% 27% 10% 19% 27% 18% 17% 16% 12% 20% N/A 19% 24% 17% N/A 17% 20%

12 38 36 3 36 52 22 6 106 3 2 18 5 56 2 21 12 121 8 25 101

$1,900,000 $420,000 $820,000 $1,250,000 $730,000 $665,000 $975,000 $654,000 $1,080,000 $800,000 $772,500 $1,350,000 $715,000 $995,000 $630,000 $1,300,000 $430,000 $695,000 $315,000 $1,550,000 $900,000

HASTINGS AKINA BRIDGE PA CAMBERLEY CLIVE CROWNTHORPE ESKDALE FERNHILL FLAXMERE FRIMLEY HASTINGS HASTINGS COUNTRY HAUMOANA HAVELOCK NORTH KARAMU LONGLANDS MAHORA MARAEKAKAHO MAYFAIR

$435,000 $435,000 $285,000 $550,000 $805,000 $807,500 N/A $320,000 $555,000 $415,000 $485,000 $525,000 $720,000 N/A $747,500 $500,000 $830,000 $435,000

1% N/A -3% -4% 3% 8% N/A 7% -7% 5% 4% 1% -1% N/A 1% 1% 5% 2%

10% N/A 12% -4% 13% 21% N/A 25% N/A 9% 5% 6% N/A N/A 15% 16% 8% 7%

99 1 34 26 4 19 N/A 151 78 82 5 19 345 N/A 8 93 7 88

$765,000 $1,650,000 $742,000 $1,039,000 $1,005,000 $1,175,000 N/A $452,000 $1,260,000 $805,000 $1,200,000 $1,400,000 $3,050,000 N/A $840,000 $970,000 $950,000 $685,000

N/A N/A N/A 100 N/A 11 82 49 3 2 N/A 3 9 2 13

N/A N/A N/A $710,000 N/A $2,135,000 $715,000 $650,000 $809,000 $655,000 N/A $1,055,009 $1,550,000 $875,000 $515,000

HAWKE’S BAY CTRL HAWKES BAY CNTRY OTANE PORANGAHAU RANGITIKEI SURROUNDS TAKAPAU WAIPAWA

$560,000 $390,000 $290,000 $460,000 $215,000 $345,000

-1% 7% N/A 2% 5% 3%

18% 22% N/A N/A 23% 13%

3 19 5 11 16 50

$540,000 $940,000 $330,000 $615,000 $565,000 $775,000

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

$722,500 $700,000 $690,000 $765,000 $590,000 $710,000 $310,000 $430,000 $755,000 $715,000 $505,000 $450,000 $600,000 $490,000 $830,000 $490,000 $605,000 $635,000 $720,000

2% 2% 1% 2% 3% 2% -3% 4% N/A 3% 5% 1% 4% 3% 2% 3% 3% 5% 0%

10% 6% 7% 9% 9% 9% 17% 13% 7% 10% 11% 8% 14% 11% 6% 9% 9% 30% 7%

32 20 35 80 127 13 53 133 6 58 110 108 5 84 49 120 275 40 29

$1,850,000 $840,000 $1,375,000 $2,400,000 $1,270,000 $1,198,000 $730,000 $859,200 $1,331,500 $1,563,000 $1,188,000 $650,000 $640,000 $650,000 $1,565,000 $901,100 $1,810,000 $785,000 $2,400,000

WAIROA MAHIA WAIROA WAIROA COUNTRY

$495,000 $170,000 N/A

N/A 0% N/A

16% 36% N/A

8 63 N/A

$685,000 $440,000 N/A

$692,500 $475,000 $450,000 $550,000 $570,000 $615,000 $987,500 $625,000 $630,000 $927,500 $625,000 $685,000 $440,000

3% 2% 3% -14% 4% 1% -2% 2% 4% 4% 1% 0% 0%

7% 8% 13% -10% 10% 4% N/A 8% 9% 8% 6% 5% 5%

19 132 51 12 196 216 9 108 60 16 247 96 5

$1,400,000 $1,300,000 $675,000 $1,149,000 $1,380,000 $1,155,000 $1,500,000 $2,360,000 $1,475,000 $1,450,000 $1,610,329 $1,715,000 $625,000

$695,000 $600,000 $695,000 $690,000 $940,000 $890,000 $660,000 $652,500 $720,000 $640,000 $770,000 $835,000 $1,187,500 $877,500 $707,500 $710,000 $485,000 $560,000 $495,000 $690,000 $740,000 $880,000 $490,000 $490,000 $755,000 $465,000

0% 3% 4% 0% -1% 2% 2% 1% 3% 2% 7% 2% -3% 2% 3% 2% 9% 0% 5% 1% 1% 2% 0% 5% 1% 4%

4% 10% 9% 5% 5% 9% 7% 9% 13% 9% 15% 7% 3% 6% 6% 10% 17% 8% 14% 10% 3% 9% 8% 17% 7% 16%

37 65 50 53 15 52 34 35 20 46 18 55 14 N/A N/A 56 8 20 128 24 132 6 220 71 18 347

$932,200 $1,001,001 $1,325,000 $1,585,000 $2,900,000 $1,600,000 $990,000 $889,000 $1,260,000 $1,080,000 $998,000 $1,560,000 $2,850,000 N/A N/A $2,200,000 $770,000 $722,880 $805,050 $1,299,995 $1,260,000 $1,495,000 $920,000 $720,000 $1,380,000 $965,000

GREATER WELLINGTON KAPITI COAST OTAIHANGA OTAKI OTAKI BEACH PAEKAKARIKI PARAPARAUMU PARAPARAUMU BEACH PEKA PEKA RAUMATI BEACH RAUMATI SOUTH TE HORO WAIKANAE WAIKANAE BEACH WAIKAWA BEACH LOWER HUTT ALICETOWN AVALON BELMONT BOULCOTT DAYS BAY EASTBOURNE EPUNI FAIRFIELD HARBOUR VIEW KELSON KOROKORO LOWER HUTT LOWRY BAY MAHINA BAY MANOR PARK MAUNGARAKI MELLING MOERA NAENAE NORMANDALE PETONE POINT HOWARD STOKES VALLEY TAITA TIROHANGA WAINUIOMATA

BIG PR GEST I 12 CE INSALE MO LA NTH ST S

TOT OF AL NU IN SALESMBER L MOAST 1 NTH 2 S

WAIWHETU WATERLOO WOBURN YORK BAY

$620,000 $695,000 $910,000 $835,000

1% 1% 1% 2%

9% 7% 6% 8%

52 75 59 3

$980,000 $1,300,500 $1,800,000 $1,001,000

MASTERTON CARTERTON CASTLEPOINT MASTERTON MATAHIWI MATAIKONA OPAKI RIVERSDALE BEACH SOLWAY TE WHITI TINUI UPPER PLAIN

$455,000 $545,000 $380,000 $750,000 $350,000 $750,000 $500,000 $385,000 $705,000 $350,000 $785,000

1% 1% 1% 1% 3% 3% N/A 3% -1% -3% -2%

12% 3% 10% 11% 6% 9% N/A 10% -1% 4% 8%

216 5 444 2 5 16 11 121 3 4 13

$1,800,000 $760,000 $1,375,000 $650,000 $462,500 $1,397,000 $1,130,000 $710,000 $1,230,000 $400,000 $1,000,000

$930,000 $490,000 $755,000 $425,000 $480,000 $1,275,000 $735,000 $750,000 $1,545,000 $805,000 $455,000 $675,000 $460,000 $550,000 $410,000 $745,000

2% 7% 1% -2% 4% 3% 2% 2% N/A 2% 2% -1% 3% 4% 1% 1%

7% 13% 2% 16% 10% 18% 6% 6% 14% 3% 2% 6% 10% 11% 12% 6%

61 25 29 39 7 4 35 44 2 30 37 29 11 112 12 231

$1,321,000 $661,000 $1,310,000 $545,000 $676,000 $1,700,000 $935,000 $1,700,000 $1,450,000 $2,300,000 $700,500 $1,020,000 $700,000 $1,110,000 $550,000 $1,550,000

SOUTH WAIRARAPA CAPE PALLISER FEATHERSTON GREYTOWN LAKE FERRY MARTINBOROUGH PIRINOA

N/A $400,000 $620,000 N/A $570,000 N/A

N/A 3% 2% N/A 4% N/A

N/A 16% 12% N/A 7% N/A

N/A 90 84 N/A 64 N/A

N/A $930,000 $1,610,000 N/A $1,790,000 N/A

UPPER HUTT AKATARAWA BIRCHVILLE BLUE MOUNTAINS BROWN OWL CLOUSTON PARK 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

N/A $510,000 $655,000 $620,000 $545,000 $565,000 $585,000 $645,000 $845,000 $695,000 $1,065,000 $510,000 $890,000 $957,500 $610,000 $765,000 $685,000 $565,000 $460,000 $535,000 $570,000 $560,000 $550,000 $990,000

N/A 3% 0% 2% 5% 4% 3% 2% 6% 1% -3% 4% 1% 2% 2% 0% 3% 6% 7% 4% 4% 5% 6% -3%

N/A 12% 10% 11% 12% 17% 17% 13% 11% 9% 11% 12% 9% 32% 8% 6% 11% 15% 19% 11% 16% 15% 17% 14%

N/A 54 9 38 53 58 46 33 7 11 2 22 6 2 30 35 69 13 26 60 176 3 51 16

N/A $1,359,000 $1,425,000 $771,500 $750,000 $818,000 $720,000 $1,640,000 $1,196,000 $970,000 $1,500,000 $760,000 $1,537,000 $1,250,000 $748,300 $985,000 $1,510,000 $730,000 $1,125,000 $790,000 $920,000 $500,000 $800,000 $1,600,000

WELLINGTON ARO VALLEY BERHAMPORE BREAKER BAY BROADMEADOWS BROOKLYN CHURTON PARK CROFTON DOWNS GLENSIDE GRENADA NORTH GRENADA VILLAGE HATAITAI HIGHBURY HOUGHTON BAY ISLAND BAY JOHNSONVILLE KAIWHARAWHARA KARAKA BAYS KARORI KELBURN KHANDALLAH KILBIRNIE KINGSTON

$800,000 $775,000 $1,025,000 $730,000 $875,000 $865,000 $835,000 $520,000 $540,000 $800,000 $1,015,000 $950,000 $860,000 $915,000 $680,000 $1,285,000 $1,275,000 $845,000 $1,225,000 $1,030,000 $770,000 $780,000

3% 4% 4% 2% 4% 2% 3% 5% 3% 3% 8% 6% 4% 5% 1% 3% 6% 2% 5% 1% 3% 3%

8% 3% 10% 7% 7% 8% 6% 11% 13% 11% 10% 6% 6% 4% 7% 8% 7% 6% 9% 7% 7% 5%

33 58 4 29 88 134 30 8 8 32 91 7 15 107 198 1 8 218 33 169 48 17

$1,855,000 $1,125,000 $1,250,000 $1,150,000 $2,500,000 $1,526,000 $1,243,000 $693,000 $605,000 $1,100,250 $2,175,000 $1,392,500 $1,372,000 $1,721,000 $1,330,000 $1,100,000 $1,477,500 $2,400,000 $2,925,000 $2,225,000 $1,529,300 $1,070,000

UR B

12 % C-MON HA TH NG E

N/A N/A N/A 13% N/A 2% 10% 10% 13% 48% N/A 12% 13% N/A N/A

QU % CARTER HA NG E

N/A N/A N/A 2% N/A 4% 1% 0% 5% 18% N/A 2% 2% 1% N/A

LAT MEEST $ VDIAN ALU E

N/A $520,000 N/A $470,000 N/A $900,000 $445,000 $445,000 $715,000 $680,000 N/A $815,000 $930,000 $550,000 $302,500

SUB

BIG PR GEST I 12 CE INSALE MO LA NTH ST S

TOT OF AL NU IN SALESMBER L MOAST 1 NTH 2 S

12 % C-MON HA TH NG E

QU % CARTER HA NG E

LAT MEEST $ VDIAN ALU E

UR B SUB OMAHU PAKIPAKI PAKOWHAI PARKVALE POUKAWA PUKETAPU RAUREKA SAINT LEONARDS SHERENDEN TANGOIO TE AWANGA TWYFORD WAIMARAMA WAIPATU WHAKATU

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

MARLBOROUGH ANAKIWA & SURROUNDS BLENHEIM CENTRAL BURLEIGH FAIRHALL GROVETOWN HAVELOCK ISLINGTON KENEPURU SOUND MAHAU SOUND MARLBOROUGH SOUNDS MAYFIELD OKIWI BAY PICTON PORT UNDERWOOD RAPAURA RARANGI REDWOODTOWN RENWICK RIVERLANDS RIVERSDALE SEDDON SPRING CREEK SPRINGLANDS TENNYSON INLET TUAMARINA WAIHOPAI VALLEY WAIKAWA WAIRAU VALLEY WARD WITHERLEA

$635,000 $412,500 $690,000 $1,015,000 $520,000 $445,000 $385,000 $605,000 $785,000 N/A $365,000 N/A $405,000 $455,000 $925,000 $560,000 $420,000 $455,000 $897,500 $360,000 $350,000 $395,000 $530,000 N/A $650,000 $920,000 $595,000 $685,000 $445,000 $495,000

11 184 23 6 15 35 13 12 2 N/A 52 N/A 94 2 7 4 158 68 6 26 22 12 120 N/A 2 3 43 12 3 151

$785,000 $1,460,000 $766,000 $1,465,000 $1,500,000 $835,000 $550,000 $800,000 $635,000 N/A $860,000 N/A $1,500,000 $363,000 $2,250,000 $620,000 $638,000 $1,800,000 $1,120,000 $670,000 $1,226,000 $1,200,000 $1,195,000 N/A $800,000 $1,570,000 $865,000 $965,000 $800,000 $1,050,000

NELSON ANNESBROOK ATAWHAI BEACHVILLE BISHOPDALE BRITANNIA HEIGHTS ENNER GLYNN GLENDUAN HIRA MAITAI MARYBANK MOANA MONACO NELSON CITY NELSON SOUTH STEPNEYVILLE STOKE TAHUNANUI THE BROOK THE WOOD TODDS VALLEY TOI TOI WAKAPUAKA WAKATU WASHINGTON VALLEY

$520,000 $680,000 $610,000 $590,000 $1,050,000 $650,000 $752,500 $775,000 $660,000 $710,000 $910,000 $560,000 $810,000 $510,000 $845,000 $565,000 $505,000 $540,000 $620,000 $697,500 $450,000 $915,000 $520,000 $490,000

1% 1% 2% 0% 1% 1% 4% 4% 1% 2% 2% 2% 1% 1% 2% 1% 1% 1% 1% 3% 1% 6% 0% 0%

6% 6% 7% 7% 6% 7% 8% 7% 6% 8% 6% 5% 7% 9% 6% 8% 9% 8% 8% 6% 8% 8% 6% 9%

24 57 7 21 12 35 2 5 14 20 13 24 18 107 26 329 94 36 69 7 66 2 34 41

$620,000 $1,565,000 $566,000 $840,000 $2,820,000 $1,105,000 $1,100,000 $883,000 $1,115,000 $1,190,000 $1,400,000 $909,000 $1,045,000 $1,850,000 $1,660,000 $1,150,000 $1,030,000 $995,000 $1,510,000 $1,850,000 $655,000 $1,350,000 $882,500 $719,000

TASMAN ANISEED VALLEY APPLEBY BRIGHTWATER COLLINGWOOD DOVEDALE

$875,000 $1,010,000 $670,000 $467,500 $635,000

6% 7% 2% 1% -1%

-3% -6% N/A 3% 2%

1 4 72 12 5

$1,328,000 $1,703,000 $1,800,000 $850,000 $1,250,000

BIG PR GEST I 12 CE INSALE MO LA NTH ST S

13% 6% N/A N/A N/A 2% 3% 12% 18% N/A 2% N/A 8% 17% 9% 7% 6% 3% 23% 1% 24% N/A 3% N/A 20% N/A 9% 8% N/A 4%

TOT OF AL NU IN SALESMBER L MOAST 1 NTH 2 S

N/A -1% 1% -6% 11% -2% -1% 1% -1% N/A -3% N/A 0% 9% -16% 2% 1% 0% 0% -3% 4% N/A 2% N/A N/A -1% 3% 0% 2% 1%

NELSON-TASMAN-MARLBOROUGH

12 % C-MON HA TH NG E

$1,545,000 $1,105,000 $1,070,000 $1,630,000 $1,065,000 $1,640,000 $4,300,000 $1,303,000 $1,540,000 $1,650,000 $1,505,000 $1,725,000 $4,250,000 $995,000 $1,040,000 $1,305,999 $4,920,000 $2,317,500 $1,400,000 $2,100,000 $1,625,000 $2,300,000 $2,725,000 $1,182,000 $2,500,000 $2,550,000 $1,400,000

QU % CARTER HA NG E

63 19 15 129 12 60 48 101 78 84 43 4 17 23 52 15 20 55 13 38 230 196 90 10 51 86 21

$815,000 $530,000 $642,500 $770,000 $955,000 $740,000 $530,000 $760,000 $625,000 $1,030,000 $637,500 $920,000 $480,000 $500,000 $405,000 $1,045,000 $567,500 $972,500 $675,000

4% -2% N/A -8% 9% -3% 3% 7% N/A 5% 1% 2% N/A 0% 1% -1% -1% 5% 2%

2% 0% N/A 1% 4% 3% 6% N/A 3% -3% 6% -2% 4% 8% 4% 4% 2% 4% 8%

11 69 8 7 3 32 257 1 3 26 389 10 8 34 14 16 3 23 65

$1,450,000 $1,400,000 $950,000 $875,000 $1,075,000 $1,280,000 $1,200,000 $785,000 $778,000 $2,840,000 $1,730,000 $2,030,000 $670,500 $905,000 $705,000 $3,200,000 $730,000 $1,450,000 $1,550,000

BULLER CAPE FOULWIND CARTERS BEACH KARAMEA REEFTON WAIMANGAROA WESTPORT

$440,000 $300,000 $190,000 $195,000 $165,000 $205,000

0% 1% -7% 15% 3% 0%

9% 4% 10% 34% 16% 5%

N/A 10 4 38 6 119

N/A $460,000 $320,000 $358,000 $460,000 $890,000

GREY BARRYTOWN BLAKETOWN COAL CREEK COBDEN DOBSON DUNOLLIE GLADSTONE GREYMOUTH KAIATA KARORO MARSDEN MOANA / LAKE BRUNNER NGAHERE PAROA RUNANGA STILLWATER TAYLORVILLE

$367,500 $160,000 $300,000 $145,000 $150,000 $145,000 $300,000 $235,000 $235,000 $305,000 $460,000 $265,000 $175,000 $390,000 $140,000 $115,000 $115,000

-3% 0% 2% -3% 3% 7% 0% 0% 7% 0% -1% 4% 4% 0% 4% 0% 0%

5% 3% 6% 0% 7% 16% 9% 0% 4% -2% -1% 6% 11% 3% 12% 0% 0%

3 22 1 44 8 9 3 91 5 23 10 N/A 7 12 30 4 5

$422,000 $289,000 $185,000 $280,000 $170,000 $169,000 $395,000 $530,000 $299,000 $800,000 $610,000 N/A $750,000 $530,000 $250,000 $145,000 $250,000

WESTLAND FOX GLACIER FRANZ JOSEF GLACIER HAAST HOKITIKA JACKSON BAY KANIERE KUMARA OKARITO WHATAROA

$415,000 $360,000 $232,500 $270,000 $250,000 $290,000 $200,000 $305,000 $140,000

-1% 1% 0% -2% 2% -2% 8% -8% 0%

N/A N/A 8% 8% 14% N/A N/A -3% N/A

2 11 4 90 4 13 9 2 3

$330,000 $670,000 $600,000 $667,500 $390,000 $510,000 $430,000 $380,000 $310,000

ASHBURTON ALLENTON ASHBURTON ELGIN HAMPSTEAD METHVEN NETHERBY RAKAIA TINWALD

$385,000 $330,000 $645,000 $285,000 $415,000 $315,000 $335,000 $340,000

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

3% 3% -10% 2% 4% 5% 10% 5%

206 91 8 65 43 64 29 100

$1,100,000 $690,000 $865,000 $485,000 $665,000 $797,000 $770,000 $1,100,000

CHRISTCHURCH ADDINGTON AIDANFIELD AKAROA ARANUI AVONDALE AVONHEAD AVONSIDE BECKENHAM BELFAST BEXLEY BIRDLINGS FLAT BISHOPDALE BROMLEY BROOMFIELD BRYNDWR BURNSIDE BURWOOD CASEBROOK CASHMERE CASS BAY CHARTERIS BAY

$355,000 $650,000 $610,000 $295,000 $360,000 $550,000 $350,000 $545,000 $420,000 $250,000 $180,000 $450,000 $335,000 $450,000 $475,000 $540,000 $410,000 $485,000 $665,000 $752,500 $552,500

0% 1% 3% 4% 0% 0% 1% 2% 0% 5% 9% 1% 2% -1% 2% 2% 0% 1% 4% 3% 7%

0% -1% 3% 9% 4% 3% 1% 3% -1% -6% -8% 1% 2% 0% 1% 5% 4% 3% 3% 7% -3%

99 50 47 107 79 171 24 36 79 3 6 171 35 42 106 140 150 96 120 8 5

$610,000 $1,180,000 $1,299,000 $445,000 $523,000 $1,090,000 $510,000 $872,000 $910,000 $140,000 $481,000 $951,000 $539,000 $800,000 $1,315,000 $1,840,000 $742,000 $2,200,000 $1,610,000 $875,000 $1,400,000

HOPE KAHURANGI NATIONAL PK KAITERITERI LOWER MOUTERE MAHANA MAPUA MOTUEKA NGATIMOTI PARAPARA REDWOOD VALLEY RICHMOND RUBY BAY ST ARNAUD TAKAKA TAPAWERA TASMAN THORPE UPPER MOUTERE WAKEFIELD

LAT MEEST $ VDIAN ALU E

6% 6% 5% 8% 6% 9% 3% 10% 10% 6% 6% 8% 7% 7% 8% 6% 9% 7% 5% 6% 7% 11% 9% 6% 6% 1% 4%

UR B

3% 2% 4% 3% 4% 2% 3% 3% 6% 3% 3% 1% -1% 3% 1% 3% 5% 4% 5% 3% 1% 3% 3% 3% 4% 1% 4%

SUB

BIG PR GEST I 12 CE INSALE MO LA NTH ST S

TOT OF AL NU IN SALESMBER L MOAST 1 NTH 2 S

12 % C-MON HA TH NG E

$835,000 $775,000 $877,500 $840,000 $805,000 $670,000 $975,000 $675,000 $850,000 $860,000 $890,000 $1,460,000 $1,872,500 $760,000 $695,000 $770,000 $1,165,000 $1,360,000 $865,000 $785,000 $685,000 $595,000 $755,000 $787,500 $1,020,000 $345,000 $815,000

QU % CARTER HA NG E

LAT MEEST $ VDIAN ALU E

UR B SUB LYALL BAY MAUPUIA MELROSE MIRAMAR MORNINGTON MOUNT COOK MOUNT VICTORIA NEWLANDS NEWTOWN NGAIO NORTHLAND OHARIU ORIENTAL BAY OWHIRO BAY PAPARANGI RONGOTAI ROSENEATH SEATOUN SOUTHGATE STRATHMORE PARK TAWA TE ARO THORNDON VOGELTOWN WADESTOWN WELLINGTON CENTRAL WILTON

WEST COAST

CANTERBURY

BIG PR GEST I 12 CE INSALE MO LA NTH ST S

12 % C-MON HA TH NG E

TOT OF AL NU IN SALESMBER L MOAST 1 NTH 2 S

QU % CARTER HA NG E

218 15 2 11 36 28 3 103 85 12 365 42 52 75 68 48 149 146 44 146 29 9 6 N/A 203 11 56 128 86 120 16 77 160 107 57 94 34 151 211 83 48 171 136 129 5 3 61 345 89 92 77 143 41 23 10 179 94 N/A 50 153 10 42 79 22 53 9 61 37 118 241 31

$1,880,000 $2,200,000 $595,000 $668,490 $512,000 $980,000 $563,000 $780,000 $3,150,000 $950,000 $1,240,000 $1,050,000 $1,240,000 $552,000 $1,200,000 $1,080,000 $690,000 $850,000 $1,380,000 $2,190,000 $477,500 $480,000 $1,900,000 N/A $773,500 $1,150,000 $1,100,000 $880,000 $1,950,000 $4,000,000 $1,345,000 $1,440,000 $700,000 $600,000 $685,000 $2,200,000 $1,125,000 $2,000,000 $1,350,000 $590,000 $1,550,000 $730,000 $2,570,000 $675,000 $1,770,000 $540,000 $950,000 $1,900,000 $870,000 $810,000 $1,110,000 $938,000 $690,000 $850,000 $690,000 $653,000 $2,500,000 N/A $2,500,000 $1,250,000 $700,000 $930,000 $1,500,000 $1,080,000 $485,000 $725,000 $600,000 $1,055,000 $850,800 $660,000 $2,750,000

SELWYN BURNHAM CASTLE HILL DARFIELD DOYLESTON DUNSANDEL GLENTUNNEL HORORATA KIRWEE LAKE COLERIDGE LEESTON LINCOLN MOTUKARARA PREBBLETON ROLLESTON SHEFFIELD SOUTHBRIDGE SPRINGFIELD SPRINGSTON TAI TAPU WEST MELTON WINDWHISTLE

$810,000 N/A $545,000 $480,000 $625,000 $330,000 $395,000 $625,000 $280,000 $475,000 $630,000 N/A $755,000 $560,000 N/A $395,000 N/A $590,000 $725,000 $860,000 $640,000

5% N/A 1% N/A N/A 3% -1% 1% 0% 1% -1% N/A 1% 1% N/A -1% N/A N/A 2% 2% -2%

2% N/A -1% N/A N/A 2% 1% -4% 2% 2% -1% N/A 1% 1% N/A -2% N/A -4% 4% -1% 2%

9 N/A 86 8 8 18 10 27 2 83 229 N/A 92 593 N/A 35 N/A 20 7 87 5

$1,350,000 N/A $1,350,000 $640,000 $750,000 $475,000 $765,000 $1,125,000 $420,000 $939,000 $1,700,000 N/A $2,245,000 $1,875,000 N/A $795,000 N/A $1,060,000 $1,150,000 $1,785,000 $550,000

TIMARU FAIRVIEW GERALDINE GLENITI GLENWOOD HADLOW HIGHFIELD KENSINGTON LEVELS MAORI HILL MARCHWIEL MESOPOTAMIA PARKSIDE PLEASANT POINT REDRUTH ROSEWILL SEAVIEW TEMUKA WAIMATAITAI WASHDYKE WATLINGTON WEST END

$715,000 $420,000 $505,000 $390,000 $1,070,000 $410,000 $310,000 $645,000 $400,000 $345,000 $470,000 $315,000 $390,000 $275,000 $820,000 $315,000 $320,000 $340,000 $365,000 $320,000 $332,500

1% 1% 2% 0% 1% 1% 0% 0% 2% 1% 3% 0% 8% 2% 1% 2% 0% 1% 1% 2% 1%

10% 2% 3% 3% 6% 3% 5% 7% 4% 5% 11% 5% 12% 2% 6% 3% -2% 5% 6% 5% 2%

6 100 56 58 5 99 37 10 29 91 N/A 48 32 3 2 66 124 45 5 45 71

$815,000 $1,152,000 $1,750,000 $622,000 $1,458,000 $1,225,000 $640,000 $850,000 $780,000 $750,000 N/A $673,000 $720,000 $305,000 $940,000 $591,000 $900,000 $851,000 $750,000 $465,000 $593,000

WAIMAKARIRI ASHLEY BROOKLANDS CLARKVILLE CUST FERNSIDE KAIAPOI LOBURN OHOKA OKUKU OXFORD PEGASUS RANGIORA SEFTON SWANNANOA TUAHIWI WAIKUKU WAIKUKU BEACH WEST EYRETON WOODEND

$655,000 $315,000 $960,000 $722,500 $790,000 $455,000 $725,000 $900,000 $695,000 $455,000 $500,000 $455,000 $682,500 $805,000 $592,500 $715,000 $395,000 $650,000 $455,000

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

7% -5% 6% 2% -2% 1% 4% 7% -1% 1% 1% 2% 10% 2% 5% 1% 4% 0% 1%

13 1 10 17 17 322 26 43 5 65 108 544 12 38 8 7 25 22 109

$725,000 $143,033 $1,300,000 $995,000 $1,450,000 $1,000,000 $1,290,000 $2,250,000 $650,000 $780,000 $1,280,000 $1,600,000 $1,125,000 $1,240,000 $915,000 $750,000 $640,000 $1,155,435 $687,000

WAIMATE GLENAVY MAKIKIHI OTAIO WAIMATE

$220,000 $390,000 N/A $280,000

2% N/A N/A 2%

N/A N/A N/A 14%

8 3 N/A 100

$285,000 $421,000 N/A $745,000

HURUNUI AMBERLEY BALCAIRN CHEVIOT HANMER SPRINGS HAWARDEN LEITHFIELD WAIPARA

$440,000 $705,000 $230,000 $490,000 $205,000 $370,000 $535,000

0% 1% 5% -3% 0% 0% -3%

1% 8% 12% 1% N/A -1% N/A

76 7 14 65 6 28 2

$1,210,000 $1,042,500 $350,000 $988,363 $372,000 $825,000 $630,000

KAIKOURA KAIKOURA

$475,000

-1%

12%

65

$900,000

MACKENZIE LAKE TEKAPO OMARAMA OTEMATATA TWIZEL BUNNYTHORPE LONGBURN FAIRLIE

WAITAKI DEBORAH ENFIELD & SURROUNDS FIVE FORKS & SURROUNDS HERBERT KAKANUI KUROW MAHENO OAMARU PALMERSTON PUKEURI WESTON

$635,000 $527,500 $480,000 $390,000 $370,000 $295,000 $285,000 $325,000 $255,000 N/A $427,500

1% -4% 1% 1% 1% 4% 4% 3% 6% N/A -2%

11% 9% 14% 11% 9% 9% 10% 10% 13% N/A 7%

4 N/A 3 6 15 8 2 359 24 N/A 31

$1,170,000 N/A $480,000 $852,000 $600,000 $507,500 $360,000 $1,010,000 $535,000 N/A $830,000

$850,000 $440,000 $380,000 $500,000 $610,000 $412,500 $355,000

N/A N/A -3% 3% 3% 3% -1%

5% 10% 12% 16% 14% 21% 9%

25 8 13 85 18 11 25

$1,600,000 $650,000 $570,000 $1,036,000 $961,000 $1,375,000 $750,000

$285,000 $220,000 $155,000

6% 4% 19%

12% 10% 35%

203 59 40

$830,000 $843,250 $250,000

SUB

SUB

UR B

LAT MEEST $ VDIAN ALU E

BIG PR GEST I 12 CE INSALE MO LA NTH ST S

12 % C-MON HA TH NG E

TOT OF AL NU IN SALESMBER L MOAST 1 NTH 2 S

QU % CARTER HA NG E

4% 5% -1% 4% 3% 2% N/A 3% 3% 0% 1% 2% 2% 3% -1% 7% 1% 1% 4% 2% 1% -2% 4% N/A 2% -6% 5% 1% 2% 1% 6% 1% 2% 3% 0% -1% 4% 0% 2% 2% 3% 0% 0% 1% 6% N/A 2% 3% 6% 4% -1% 2% 0% 0% 8% 4% 3% N/A 11% 0% N/A 2% 0% 3% 5% -2% 3% 3% 1% 3% 3%

LAT MEEST $ VDIAN ALU E

1% 1% -1% 3% 1% 1% N/A 0% 1% 1% 1% 2% 1% 1% 0% 3% 1% 1% 2% 0% 1% 0% 2% N/A 0% 8% 3% 0% 3% 1% 4% 2% 0% 1% 0% 0% 2% 0% 0% 0% 2% 0% -1% 0% 7% N/A 3% 2% 3% 3% 0% 3% 0% -1% 7% 1% 1% N/A 4% -1% N/A 2% 1% 2% 0% 3% 0% 3% 2% 1% 0%

UR B

$410,000 $735,000 $492,500 $510,000 $390,000 $485,000 $490,000 $360,000 $1,005,000 $670,000 $535,000 $625,000 $490,000 $385,000 $450,000 $485,000 $425,000 $400,000 $700,000 $625,000 $385,000 $305,000 $1,110,000 N/A $320,000 $415,000 $492,500 $420,000 $665,000 $815,000 $655,000 $670,000 $335,000 $360,000 $375,000 $660,000 $515,000 $455,000 $465,000 $290,000 $665,000 $435,000 $435,000 $365,000 $832,500 $537,500 $485,000 $510,000 $470,000 $400,000 $425,000 $470,000 $370,000 $430,000 $520,000 $425,000 $775,000 N/A $655,000 $365,000 $505,000 $450,000 $455,000 $650,000 $325,000 $452,500 $335,000 $740,000 $610,000 $345,000 $580,000

CHRISTCHURCH CENTRAL CLIFTON CORSAIR BAY CRACROFT DALLINGTON DIAMOND HARBOUR DUVAUCHELLE EDGEWARE FENDALTON GOVERNORS BAY HALSWELL HAREWOOD HEATHCOTE VALLEY HEI HEI HILLMORTON HILLSBOROUGH HOON HAY HORNBY HUNTSBURY ILAM ISLINGTON KAINGA KENNEDYS BUSH LE BONS BAY LINWOOD LITTLE RIVER LYTTELTON MAIREHAU MARSHLAND MERIVALE MONCKS BAY MOUNT PLEASANT NEW BRIGHTON NORTH NEW BRIGHTON NORTHCOTE NORTHWOOD OPAWA PAPANUI PARKLANDS PHILLIPSTOWN REDCLIFFS REDWOOD RICCARTON RICHMOND RICHMOND HILL ROBINSONS BAY RUSSLEY SAINT ALBANS SAINT MARTINS SHIRLEY SOCKBURN SOMERFIELD SOUTH NEW BRIGHTON SOUTHSHORE SPENCERVILLE SPREYDON STROWAN STYX SUMNER SYDENHAM TAKAMATUA TEMPLETON UPPER RICCARTON WAIMAIRI BEACH WAINONI WAINUI WALTHAM WESTMORLAND WIGRAM WOOLSTON YALDHURST

SOUTHLAND GORE GORE GORE SURROUNDS MATAURA

-3% 4% 2% N/A 1% -1% 3% 5% N/A 1% 4% 6% -4% 1% -4% -1% 3% -2%

-3% 8% -1% N/A 0% 4% 7% N/A N/A N/A 3% N/A 1% 4% 5% 11% 6% -6%

43 53 19 N/A 48 55 38 2 3 67 18 9 31 80 20 2 97 223

$2,608,600 $4,800,000 $1,875,000 N/A $3,500,000 $4,100,000 $1,650,000 $1,750,000 $1,350,000 $2,350,000 $3,350,000 $880,000 $1,090,000 $2,000,000 $830,000 $670,000 $4,350,000 $5,750,000

SOUTHLAND CATLINS SURROUNDS EDENDALE LUMSDEN LUMSDEN SURROUNDS MAKAREWA MANAPOURI NIGHTCAPS OTAUTAU RIVERSDALE RIVERTON ROSLYN BUSH RYAL BUSH TE ANAU TUATAPERE WAIKAIA WALLACETOWN WINTON WINTON SURROUNDS WOODLANDS WYNDHAM

$195,000 N/A $202,500 $270,000 $517,500 $387,500 $110,000 $210,000 $230,000 $390,000 $650,000 $537,500 $485,000 N/A $205,000 $315,000 $345,000 $520,000 $420,000 $165,000

11% N/A 4% 10% 4% 2% N/A 4% -2% -1% 2% 1% 1% N/A 6% 2% 0% 0% N/A 0%

N/A N/A 9% N/A 11% 21% N/A 17% 10% 16% 11% 14% 14% N/A N/A 21% 17% 4% N/A 32%

1 N/A 19 2 15 22 9 25 15 55 3 8 92 N/A 14 8 80 24 1 14

$232,000 N/A $400,000 $595,000 $725,000 $900,000 $180,000 $445,000 $875,000 $910,000 $550,000 $642,000 $1,180,000 N/A $300,000 $469,000 $1,100,000 $1,085,000 $165,000 $297,000

CLUTHA BALCLUTHA CLINTON & SURROUNDS KAITANGATA KAKA POINT LAWRENCE MILTON OWAKA PAPATOWAI/POUNAWEA SOUTH OTAGO COASTAL TAIERI MOUTH TAPANUI WAIHOLA WAIPORI FALLS

$280,000 $130,000 $190,000 $320,000 $245,000 $245,000 $290,000 $250,000 $327,500 N/A $215,000 $410,000 $110,000

4% 8% 6% -4% 7% 0% N/A N/A N/A N/A 5% -5% -4%

17% N/A 46% 14% 9% 17% N/A N/A N/A N/A 5% 23% 29%

103 10 19 20 18 43 13 6 N/A N/A 17 15 3

$715,000 $255,000 $369,000 $915,000 $380,000 $855,000 $385,000 $320,000 N/A N/A $310,000 $802,300 $150,000

DUNEDIN ABBOTSFORD

$460,000

2%

21%

36

$860,000

SUB

OTAGO

OTAGO ALEXANDRA BANNOCKBURN CLYDE CROMWELL ETTRICK NASEBY OPHIR QUEENSBERRY RANFURLY ROXBURGH WESTLAND SURROUNDS

BIG PR GEST I 12 CE INSALE MO LA NTH ST S

$770,000 $1,140,000 $1,045,000 N/A $1,005,000 $860,000 $955,000 $2,007,500 $590,000 $1,290,000 $1,645,000 $575,000 $705,000 $1,025,000 $610,000 $250,000 $1,020,000 $1,010,000

TOT OF AL NU IN SALESMBER L MOAST 1 NTH 2 S

QUEENSTOWN ALBERT TOWN ARROWTOWN ARTHURS POINT CLOSEBURN DALEFIELD/WAKATIPUBASIN FERNHILL/SUNSHINE BAY FRANKTON GIBBSTON HAWEA FLAT JACKS POINT KELVIN HEIGHTS KINGSTON LAKE HAWEA LOWER SHOTOVER LUGGATE MAKARORA QUEENSTOWN WANAKA

ALLANTON ANDERSONS BAY BALACLAVA BELLEKNOWES BLACKHEAD BRADFORD BRIGHTON BROAD BAY BROCKVILLE BURNSIDE CALTON HILL CAREYS BAY CAVERSHAM CHAIN HILLS CLYDE HILL COMPANY BAY CONCORD CORSTORPHINE DALMORE DUNEDIN CENTRAL EAST TAIERI FAIRFIELD FORBURY GLENLEITH GLENROSS GREEN ISLAND HALFWAY BUSH HARINGTON POINT HARWOOD HELENSBURGH HIGHCLIFF KAIKORAI KARITANE KENMURE KEW LIBERTON LOOKOUT POINT MACANDREW BAY MAIA MAORI HILL MARYHILL MORNINGTON MOSGIEL MOUNT CARGILL MUSSELBURGH NORMANBY NORTH DUNEDIN NORTH EAST VALLEY NORTH TAIERI OCEAN GROVE OCEAN VIEW OPOHO OUTRAM PINE HILL PORT CHALMERS PORTOBELLO PURAKAUNUI INLET RAVENSBOURNE ROSENEATH ROSLYN SADDLE HILL SAINT CLAIR SAINT KILDA SAINT LEONARDS SAWYERS BAY SCROGGS HILL SHIEL HILL SOUTH DUNEDIN TAINUI THE COVE THE GLEN VAUXHALL WAIKOUAITI WAITATI WAKARI WALDRONVILLE WARRINGTON WAVERLEY WESTWOOD WOODHAUGH

12 % C-MON HA TH NG E

$410,000 $575,000 $612,000 $395,000 $365,000 $440,000 $750,000 $615,000 $610,000 $522,000 $578,000 $425,000 $528,000 $335,000 $490,000 $950,000 $725,000 $875,000 $485,000 $950,000 $640,000 $595,000 $615,000 $370,000 $580,000 $452,000 $730,000 $610,000 $772,000 $770,000

QU % CARTER HA NG E

111 4 33 60 33 64 97 116 117 25 46 62 10 16 66 15 4 13 55 40 93 26 20 163 7 23 93 54 8 134

LAT MEEST $ VDIAN ALU E

26% 3% 16% 12% 28% 27% 15% 23% 19% 17% 23% 21% 13% 25% 24% -2% -1% 4% 17% 12% 18% 22% 10% 25% 1% 21% 16% 18% -2% 14%

UR B

5% 1% 1% 0% 7% 4% 1% 4% 3% 3% 4% 4% 1% 5% 4% 1% -1% 2% 3% -1% 3% 6% 1% 4% 3% 4% 0% 4% -0% 1%

SUB

12 % C-MON HA TH NG E

BIG PR GEST I 12 CE INSALE MO LA NTH ST S

QU % CARTER HA NG E

TOT OF AL NU IN SALESMBER L MOAST 1 NTH 2 S

LAT MEEST $ VDIAN ALU E $215,000 $460,000 $335,000 $190,000 $230,000 $250,000 $465,000 $295,000 $310,000 $370,000 $350,000 $255,000 $327,500 $225,000 $260,000 $490,000 $685,000 $652,500 $305,000 $430,000 $330,000 $275,000 $490,000 $250,000 $410,000 $255,000 $390,000 $400,000 $567,500 $400,000

UR B INVERCARGILL APPLEBY ASCOT AVENAL BLUFF CLIFTON GEORGETOWN GLADSTONE GLENGARRY GRASMERE HARGEST HAWTHORNDALE HEIDELBERG INVERCARGILL KEW KINGSWELL LORNEVILLE MILL ROAD MYROSS BUSH NEWFIELD OTATARA RICHMOND ROCKDALE ROSEDALE STRATHERN TISBURY TURNBULLTHOMSON PARK WAIKIWI WAVERLEY WEST PLAINS WINDSOR

$550,000 $535,000 $485,000 $610,000 $910,000 $430,000 $510,000 $500,000 $390,000 $425,000 $365,000 $405,000 $345,000 $800,000 $370,000 $675,000 $450,000 $390,000 $430,000 $510,000 $700,000 $565,000 $360,000 $572,500 $530,000 $440,000 $440,000 N/A $390,000 $530,000 $670,000 $435,000 $415,000 $480,000 $520,000 $385,000 $290,000 $585,000 $477,500 $740,000 $485,000 $455,000 $495,000 $745,000 $495,000 $400,000 $590,000 $405,000 $990,000 $390,000 $515,000 $535,000 $560,000 $455,000 $400,000 $490,000 N/A $410,000 $450,000 $645,000 $835,000 $610,000 $390,000 $550,000 $405,000 $760,000 $595,000 $322,500 $477,500 $815,000 $370,000 $705,000 $325,000 $815,000 $455,000 $545,000 $440,000 $610,000 $522,500 $425,000

3% 5% 7% 3% 2% 6% 6% 1% 7% 4% 9% 4% 5% -2% 7% -1% 5% 8% 13% 4% -1% 3% 4% 5% 5% 4% 6% N/A 1% 4% 3% 4% 4% 4% 4% 12% 2% 1% 4% 2% 3% 6% 5% 1% 5% 1% -1% 4% -4% 3% 6% 3% 11% 0% 4% 1% N/A 6% 5% 2% -4% 5% 3% 5% 5% -4% 5% 8% 5% 13% 6% 2% 7% 3% 5% 6% 10% 4% 9% 12%

15% 15% 23% 16% 19% 18% 21% 12% 16% 16% 22% 8% 17% 13% 23% 12% 15% 22% 26% 13% 8% 12% 16% 18% 15% 16% 16% N/A N/A 18% 11% 14% 19% 16% 18% 26% 7% 10% 17% 11% 18% 18% 13% 0% 14% 11% N/A 14% 3% 11% 23% 15% 17% 12% 13% 8% N/A 21% 7% 10% N/A 13% 15% 20% 8% 14% 12% 17% 15% N/A 19% 12% 12% -4% 17% 20% 17% 13% 24% 26%

6 45 16 45 2 25 18 4 26 N/A 32 4 58 3 14 11 21 28 14 99 12 48 35 12 15 74 56 N/A 1 16 5 52 14 34 27 12 4 18 3 51 21 55 376 4 36 12 65 99 9 10 7 25 21 7 25 10 N/A 26 3 40 1 82 149 7 18 1 18 104 24 3 6 12 51 3 45 21 11 41 N/A 7

$695,000 $965,000 $915,000 $1,000,000 $1,050,000 $646,000 $920,000 $632,000 $570,000 N/A $530,000 $576,440 $695,000 $775,000 $597,000 $800,000 $599,000 $825,888 $650,000 $1,117,500 $1,810,000 $980,000 $720,000 $866,000 $614,000 $850,000 $1,635,000 N/A $350,000 $637,000 $1,100,000 $727,000 $1,440,000 $648,000 $692,000 $555,000 $360,000 $1,116,000 $526,555 $1,350,000 $625,000 $895,000 $1,675,000 $900,000 $1,200,000 $530,000 $2,750,000 $1,070,000 $1,300,000 $705,000 $900,000 $825,000 $940,000 $650,500 $626,522 $660,000 N/A $541,000 $515,000 $2,200,000 $1,160,000 $1,520,000 $669,000 $915,000 $867,000 $850,000 $710,000 $621,500 $915,000 $1,820,000 $475,000 $825,000 $645,000 $1,640,000 $720,000 $740,000 $600,000 $1,050,000 N/A $585,000

$525,000 $895,000 $570,000 $675,000 $237,500 $290,000 N/A $1,137,500 $230,000 $285,000 $872,500

1% 15% -1% 4% -3% 4% N/A N/A -2% 2% 3%

6% N/A 10% 11% N/A 12% N/A N/A 10% 0% 20%

174 5 40 214 8 19 N/A 3 30 23 5

$1,475,000 $1,500,000 $1,175,000 $2,510,000 $290,000 $535,000 N/A $1,350,000 $369,000 $701,453 $1,120,000

T ING N N I O A R F M E K RE A L S 7 ON I T C E S

(Without the eye-watering price tag)

Data conďŹ rms what we all know, people are willing to pay a premium for a house with water views.

At Lakeside, the value from water views has not been priced in. That means you get all the benefits, but with homes from $480,000, you avoid the eye-watering price tag.

Call us today to secure your next home or investment at Lakeside, the water views are on the house.

Open Saturdays & Sundays, From 1PM - 3PM 98 Scott Road, Te Kauwhata Mike Woods +64 21 675 011 mike.woods@bayleys.co.nz Bayleys Real Estate Ltd

Mark Fourie +64 21 349 530 mark.fourie@bayleys.co.nz Bayleys Real Estate Ltd, Pukekohe

0508 LAKESIDE | winton.nz LICENSED UNDER THE REAA 2008

*According to data on homes.co.nz

COMMENT

The housing shortage is a myth.

Here’s why Ashley Church

U

nless you’ve been living in a cave for the past few years, you’ve heard about the shortage of housing in New Zealand. There are variations of the view but the most popular version claims that we’ve been building fewer homes than we actually need for decades, and that we now have a shortage of around 100,000 dwellings. This view was almost universally accepted for a long time and while there’s some debate over where the claim originally came from, we know that it first gained widespread acceptance in 2012 when Labour made it the central plank of their KiwiBuild policy to build 100,000 homes over 10 years.

Over the next few years, the claim gathered momentum and was also adopted by the National Government which came up with its own initiatives to address the problem.

Meanwhile, housing commentators, myself included, berated the government for not moving fast enough and called for even more action to address the huge housing shortage.

There was only one problem

The prevailing thought in political circles is that we've been building too few houses over the past decade

– the claim that we had a shortage of homes was never true. The whole thing is a fascinating case study in how a completely wrong idea can grip the public consciousness to the point where logic and rational thinking is crowded out by hysteria and shonky data.

By 2016, belief in a shortage of houses had taken hold and attained the status of unchallengeable dogma. It wasn’t until people like Gareth Kiernan from Infometrics and I started re-examining the numbers that it became obvious that the housing shortage claim was just a house of cards.

There are two simple and widely available indicators which tell us whether we’re building enough homes to keep up with demand.

The first is population data and the population count, and the second is a Census measure which tells us the average number of people occupying a Kiwi home at any given time.

While the population data is updated constantly, the household occupancy figure is only available from Census data, which is usually taken

once every five years.

So why are these numbers so important? Firstly, because they’re unquestionably accurate – and secondly, because dividing one by the other tells us how many houses we have at any particular point in time.

Let me demonstrate. We know that in 1986 the population of the country was 3.24m and we know from the Census that year that, on average, there were 3.29 people per dwelling/household in New Zealand. So by simply

increase of 565,000 dwellings over 26 years (or an average of 21,000 new dwellings being built per year).

Why does this matter?

Because the household occupancy number could only have dropped if we had built more homes than we needed. If it had stayed at 3.29 we would only have needed 1,352,000 homes by 2013, so we built almost 200,000 more homes over that 26 year period than we needed to just stand still.

Think about what this

“The whole thing is a fascinating case study in how a completely wrong idea can grip the public consciousness to the point where logic is crowded out by hysteria.” dividing the population figure by the average household figure – we know that there were almost 985,000 occupied houses in New Zealand in that year.

But if we fast forward to 2013 we find that the population had increased to 4.45 million and that the average household occupancy number had actually dropped to 2.87 people per household. This means that the number of occupied dwellings had grown to 1,550,000 – an

means, because it’s important.

Not only do we not have a housing shortage – but the market has actually been supplying more homes than we’ve needed for almost 33 years.

But wait. Don’t we also know that we have high levels of homelessness and that the numbers of people on the Social Housing Register – those wanting to rent a home from the state – have dramatically

increased? Yes to both, but these things are symptomatic of socioeconomic issues, not a housing shortage. For example, people register for social housing not because there are no homes to rent, but because they can’t afford market rate rents. The same is true of the homeless, and the factors that drive this issue are more complex and also relate to mental health and addiction issues. Neither have anything to do with a shortage of housing.

While all of our attention has been focused on the failed KiwiBuild programme, the private sector has been quietly building, and selling, a large number of homes where they’re needed most. The top 10 housing development companies in New Zealand built more than 10,000 new homes last year – a rate which will see us very close to reaching the original national KiwiBuild target of 100,000 homes over 10 years.

Now that KiwiBuild is dead, let’s hope that the fable of the great housing shortage has been consigned to history where it belongs.

RURAL | LIFESTYLE | RESIDENTIAL

Others may claim they know farming…

SOLD

WE ARE FARMING. Doug Smith

Tom O’Sullivan

30 years farming.

39 years rural real estate experience.

Trustee overseeing farming of 15,000 SU’s.

East Coast Real Estate Manager.

20 years Agri-marketing Manages farming ventures of 12,000 SU’s.

Paul Harper

dougsmith@pggwrightson.co.nz M 027 494 1839

tom.osullivan@pggwrightson.co.nz M 027 484 4340

40 years farming.

14 years rural real estate experience.

Oversees family farming ventures of 12,000 SUs. paul.harper@pggwrightson.co.nz M 027 494 4854

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www.quinovic.com/hastings ann ann@quinovic-napier.co.nz ww www.quinovic.com/napier ross.davidson@quinovic-hastings.co.nz

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PRIVATE SALE Limited sections available Final stage of Maraekakaho subdivision Rural lifestyle only 25 minutes from town www.parituroad.com ph. 022 197 6535

SMALL DONATION BIG CHANGE

Every $1 invested in the Graeme Dingle Foundation gives a return of $7.80 to New Zealand’s economy*.

By helping our young people build resilience, self-belief and life skills, the Foundation’s programmes empower them to succeed and overcome life’s obstacles.

Donate online at dinglefoundation.org.nz and help Kiwi kids thrive. *infometrics report 2019

IN YOUR NEIGHBOURHOOD AHURIRI

RISE AND SHINE

Ahuriri in Napier has captured hearts since its transformation from a run-down port area to a vibrant, lively, modern, neighbourhood, writes LOUISE RICHARDSON

A

huriri is one of Napier’s most central coastal suburbs. It was originally established by mid19th century settlers around two spits, one to the north and one to the south, with swampland in between.

The massive Hawke’s Bay earthquake and fires of 1932 caused hundreds of deaths, huge property losses and changed the face of the area forever.

In one of its most startling geological effects, 3000 or so hectares of seabed rose up between the two spits,

effectively joining Napier with Taradale. Suddenly the architects, engineers and town planners in charge of the city’s renaissance as a worldrenowned art deco gem, had a great deal more land to work with.

With the port forced to move to a new site the Ahuriri that arose from the ashes was largely designated for industrial use.

The iconic National Tobacco Company (formerly Rothmans) building was one of the first art deco landmarks, as was the Crown Hotel.

Around 20 years ago, a

$722K

Current median property value for suburb

2.5% Quarterly change

10.3% 12-month change

90.1%

Change since 2015

$1,85m Biggest sale price of last 12 months

massive civic and private enterprise project saw industrial Ahuriri transformed into a modern community with new apartments, shops, galleries, a park and a cinema.

The Old Customhouse museum was established to celebrate the area’s colourful history.

Property prices rose quickly as locals rushed to become part of a new way of living, with lock-up-and-leave dwellings and a strong cafe culture. Most of Ahuriri’s housing stock was built between 2000 and 2009 although there is still older housing too, in the form of

bungalows and villas, some of which are more than 100 years old.

Now that modern-day Ahuriri is triumphant as Napier’s equivalent of Auckland’s Viaduct, local authorities have turned their attention to establishing a masterplan for cleaning up and enhancing the coastline. This is much-loved by local residents who regularly enjoy the Ahuriri Estuary Walk which takes in the natural habitats of the region’s birds, fish and other marine life.

Who lives here?

Not surprisingly, Ahuriri is popular with city types who relish the freedom that living in close proximity to the city centre brings — and being able to walk or bike to work is a huge

drawcard. Families appreciate Port Ahuriri School, which caters for years 1 to 6 and is very well-regarded.

What’s to love?

Napier is an easy city to get around and Ahuriri is the perfect urban base. The retail outlets in West Quay and Ahuriri Village are edgy and arty and it’s certainly not difficult to find a good cup of coffee, a post-work cocktail, or a decadent icecream on scorching summer days.

Spriggs Park Reserve is a wonderful amenity, situated right on the seafront with separate areas for older and younger children. There are outdoor showers for rinsing off sand and barbecue facilities are right on hand.

The wharf provides an ideal spot for fishing and if you’re feeling energetic, a hike up Bluff Hill will help let off steam, with the advantage of stunning panoramic views from the summit. A more leisurely stroll around Pandora Pond takes about 40 minutes.

Whether you’re a local or a visitor, you’ll enjoy the exhilarating and education Polynesian Waka Experience or a Hooters vintage car tour around Napier’s art deco attractions. Many public areas in Ahuriri feature the work of local artists and enjoying fish and chips on the seafront is the fitting end to a lazy Sunday or any day, really.

Buying and selling Joe Snee, regional manager at

Property Brokers, says that Ahuriri continues to be popular with people wanting an urban lifestyle, by the water.

“It’s quite incredible what they’ve done there over the past 10 years or so, and it’s a really great place to live.”

He says that as new developments have come to

market, they’ve been snapped up.

“It’s a supply and demand thing — we just don’t have enough stock in Ahuriri, which means multiple offers in many cases, and rising prices.”

As older people move out of their traditional villas and into lock-up-and-leave townhouses

“It’s a supply and demand thing — we just don’t have enough stock in Ahuriri, which means multiple offers in many cases, and rising prices.”

and apartments, families move in and the cycle continues.

“In terms of first home buyers, there isn’t really a lot on offer, but they can probably get into Ahuriri for about $450,000.

“However, that will be a twobedroom home and probably a do-up as it may previously have been a rental,” says Snee.

“Then, on the other hand, just a few streets away, prices can be double that.

“We’re still getting Aucklanders and Wellingtonians but overall in Ahuriri, it’s a real mix.”

Snee says that he doesn’t expect any drop-off in the Ahuriri market because the area holds such wide appeal. “It’s close to the CBD, and there’s something suitable for young families, retirees or workers.”

LIST WITH ME & I COULD SAVE YOU THOUSANDS… • Lower fees, 2.95%* up to $490,000 • Superior marketing with a FREE TV advertisement • Excep ptional customer serrvice

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027 235 5032 • amber.payne@mikepero.com Mike Pero Real Estate Ltd Licensed REAA (2008) *Our fees are 2.95% up to $490,000 thereafter 1.95% + admin fee + gst.

Affordable Lifestyle living in Southern Hawke’s Bay TUI CITY - TE KAKAPO VALLEY

This little gem is the former Havelock North school house, relocated to the site in 2008. The current owners have lovingly restored it and now it’s time for you to start making your own memories here. Set in 2.36 hectares (5.8 acres) with your own private lake and over 2,500 native plants, you’ll enjoy the three bedroom home and huge 94m² garage and workshop. Located only 8kms from Dannevirke you will love the rural aspect in a location that is close to town.

FF2894

An immaculately presented lifestyle that is a pleasure to market. Excellent three bedroom home (all large with excellent wardrobes), open plan living with deck and conservatory. Three extra rooms plus bathroom in the converted garage. Carport, four bay pole shed with separate driveway entrance. Yards and loading race. Town water. A delightful property that won’t last long.

Enquiries over $520,000 Contact:-

Jerome Pitt - 06 374 4107 - 027 242 2199 jeromep@forfarms.co.nz

BEST OF BOTH WORLDS

2.137 hectares (5.2 acres). The convenience of being so close to town along with the lifestyle of living in the country. This very complete lifestyle block has all of these features and so much else on offer. Family four bedroom home with two living areas and 2 large sunny decks. Double garage, stable/ workshop, woolshed and yards, cattle yard and loadout plus a host of farm buildings for pets, livestock an dhobbies. So much here - come and see what’s on offer on Adelaide.

FF2979

SUCH A COMPLETE LIFESTYLE

Offers over $695,000 Contact:-

Craig Boyden - 06 374 4105 - 027 443 2738 - craigb@forfarms.co.nz

FF2923

Offers over $569,000 Contact:-

Sharon Cuttance - 027 674 2766 - Pam Prenter—027 458 8019

BIG SHED + LAND = GREAT OPPORTUNITY

This is a unique property (15.6ha STS) with multiple large sheds on site, ideal as a commercial or industrial space. 3 bedroom living quarters inside a huge American style red barn (528m²), a 2017 shed (192m2), stables, tack room and storage shed (96m2) and approximately 14ha of grazing land (STS). 9km to Norsewood and 28km to Dannevirke, the property is close t the main highway for transporting goods.

Available as a 1.6ha option (incl buildings) or as a bareland only option (approx. 14ha STS). You need to come and visit this property to appreciate the great opportunity.

FF2970

$845,000 + GST Contact:-

Jerome Pitt - 06 374 4107 - 027 242 2199 - jeromep@forfarms.co.nz