NZ Herald QV Property Report - September 2017

Monday, September 4, 2017

with everything Homes of the future will change the way we live INSIDE: LATEST QV.CO.NZ VALUES COVERING 420 NORTH ISLAND SUBURBS

The Crowning Glory Two luxury penthouses – a unique opportunity Penthouse living is about the best of the best. That is certainly true of the two largest apartments that sit atop Outlook in Mission Bay. The sense of space, quality and luxury is found throughout, and, with unsurpassed panoramic city and harbour views, these homes have no equal in this much sought-after suburb.

Contact Trent Quinton to find out more about these exclusive homes. 021 894 070 trent.quinton@bayleys.co.nz

Licensed under the REAA 2008

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September 4, 2017 | PROPERTY REPORT

Inside Designs on urban growth

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Thinking small

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Market Watch with Nick Goodall

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Party policies on housing

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Fibre adds value

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QV Data Report with Andrea Rush

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Cover story —tomorrow’s homes

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Positive Outlook

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What the industry says

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What your home is worth

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Spotlight on Ponsonby Ellerslie Mairangi Bay

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Editor: Steve.Hart@nzherald.co.nz Contributors: Graham Hepburn, Greg Fleming, Sandra Goodwin, Lawrence Watt, Nick Goodall, Andrea Rush. Photos: NZ Herald, Getty and supplied. Production: Donna McIntyre. Cover design & graphics: Rob Cox / Rohan Rimmer. Display advertising: (09) 373 6004.

Source: QV.co.nz / NZHerald graphic

An exciting world to live in

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hile we are all familiar with the digital technology revolution, only now is it starting to envelop our homes. Once just a place to provide warmth and shelter, homes today can provide much more, and are starting to integrate them with the wider world thanks to the internet. Want to watch a blockbuster movie or binge-watch a TV series? A world of entertainment and information is a click away on your remote. Want to dim the lights or turn up the heat? Reach for your smartphone, there’s bound to be an app for that — especially for people living in a wifi-connected home. The humble fridge has also come along in leaps and bounds. They no longer just help keep your food fresh; newer models can tell you when food is past its best and help you draw up a shopping list based on what’s been bought and used before. And while builders seem intent on placing one large house where two semi-detached homes could be (potentially providing homes for two families instead on one), there’s

a trend for small homes that provide little more than what’s needed. Palatial is out; compact and bijou is in. Large homes cost more to build, heat and maintain. All we need is for town planners and the building industry to cotton on that most people don’t need huge kitchens, two lounges, four bedrooms and a double garage. Garages may also be a thing of the past according to some experts who claim reduced car ownership will free up land once used to store your pride and joy. Land that used to house cars will instead be used for accommodation. (Yeah, I know, some people are already living in garages — even

though it’s not strictly legal). The future could see people renting electric cars as and when they need one — paying as they go — and using public transport more. Visionaries predict a world of driverless buses, automated trains and no reason to own a car. Integrated city living may also see fewer people living in rural areas as they head to where all the facilities and fun is — housing, entertainment, restaurants, transport, education and healthcare. All up, during the next 50 years, housing and the make-up of our cities and the satellite towns that feed them will see changes like we have never experienced before. Population growth is the driver, technology will be the facilitator and changing attitudes to what a home is, will allow for a whole new world of innovation and cultural acceptance. The only road block is 18th-century thinking that appears to prevail among our elected representatives and our paperclip-counting bureaucrats who cast aside common sense and the changing world in lieu of the self-serving status quo. A status quo that can’t be allowed to continue.

Exceptionally tuned in to what’s happening in the Ponsonby/Herne Bay area, Karen’s your No.1 property professional. For an outstanding result, let Karen direct your sale.

Karen Spires AREINZ M 027 273 8220 E karen.spires@bayleys.co.nz Bayleys Real Estate Limited, Ponsonby, Licensed under the REA Act 2008.

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September 4, 2017 | PROPERTY REPORT

Designs on urban growth

Design has to be well thought-out if Auckland is going to cram more people into less space, writes Lawrence Watt

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hat is the answer to providing affordable, liveable housing in Auckland? Endless suburbs waste arable land, burn fuel and cause traffic jams. With the high cost of land, surely building up is the answer, with two or three storeys the norm. If it’s done right, the new homes might just be affordable for first home buyers. In densely populated cities in places such as the Netherlands, Scandinavia and Britain, many people live in terraced houses, that use only a fraction of the land of our car-centric city. Many cities, such as Amsterdam and Copenhagen, have thoughtful urban design, with a mix of bikeways, footpaths and rail, instead of just roads. Obviously cramming more people into a space should make houses more affordable. Unfortunately, the densification process the Auckland Council wants is a curate’s egg, good in parts, but some of it rotten. Leaky looking apartments flank rail lines and even expensive suburbs have some ugly townhouses Ken Crosson is a Parnell architect who presented the TV1 series, The New Zealand Home, that screened last year. He has a vision of how good design can make for happy living in a close-knit community. First, Kiwis’ car-centred lifestyle is our problem, he says, recalling a figure of, at one point, a third of new suburbs in South Auckland being covered in tarmac. That figure is slightly lower now. “Suburban cities are really expensive to run,” he says. “The ongoing transport and social costs will be dumped on our children and children’s children — in terms of high rates, dislocation of people, and our ‘need’ to sit, isolated in a metal and glass cocoon.” This car-centric model kind of worked back in the postwar period, when Auckland had fewer people. But today’s roads are jammed. Terraced houses enable people to have a veggie garden out back, or sit in the sun, while using less land than a regular 600sq m section. Crosson says such medium-density housing cuts many costs of a subdivision, such as roads and drains, and puts the living environment on a human scale. The new Hobsonville Point subdivision is a great example, with narrow roads,

Thoughtful urban design in cities such as Copenhagen means residents have the use of bikeways, footpaths and rail, instead of just roads. Photo / Getty

All aboard the Helensville express Imagine a series of towns or villages, connected to Auckland by rail. Could this be Helensville in a few years? In the English satellite town model, you might park and ride, bike and ride or walk to the train. Once there, you ease yourself into work on your phone or laptop. Many people in England think nothing of spending an hour or more each weekday on a train commute. High Wycombe (48km from London) and Crawley are satellite towns near London. Helensville is 43.5km from Auckland CBD’s Queen St. The trains are ‘circuit-breakers’ making commuting easier as travellers aren’t stuck in gridlock traffic. The villages have cafes, bars, shops, schools, kindergartens and friendly folk. You won’t ditch your car, just use it less. A green belt would keep suburbia at bay. Cheaper land helps make the houses affordable. Good design makes everything liveable. Helensville already has a village, train line and hot pools. “One option is to build densely in the core and spreading out at the edges,” says architect Ken Crosson. Double tracking the railway line would be a significant investment, although Crosson notes higher-density living reduces infrastructure costs such as roads and sewerage. Crosson is working on a village near Beachlands (42 km from Queen St). “It has a mix of housing typologies, from small open spaces, shared car parks, but space for your own barbecue. “People have been flocking to it,” he says. Against this — the development is expensive and lacks social housing, although initially planned. Central Auckland’s Wynyard Quarter and shared spaces of Fort Lane and Elliot St show how areas can be made people-friendly, enabling walking rather than driving. “We all like our main streets with cafes, bookshops, and that sort of thing,” he says. But terraced and townhouse developments have their challenges. People complain about bigger shadows, more noise and lack of space. Crosson believes good design, which tries to solve such issues, is inexpensive, but you need lateral thinking. “The houses need to let the sun in, they clearly need not

apartments, live-work homes, and terraced houses. There are areas of single-level homes for old people, little spaces for arty people, and detached houses of varying sizes. At the core, there’s a pub.” Bill McKay, senior lecturer in planning at Auckland University, is writing a book on ways of solving Auckland’s growth. He is sceptical an expanded Helensville satellite town would work long-term. “If I lived there, I’d probably use the train,” he says. “[But NZTA] would probably build a new motorway because that’s what we do.” He notes Manukau began as a satellite town. Planners thought people would work there but, decades on, it has become a car-town. McKay believes an answer to quality affordable housing lies nearer town, following Auckland Council’s unitary plan. He suggests Great North Rd, near K Rd, with its car yards and cheaply built post-war houses, should be turned into terraced houses and apartments. The area, incorporating parts of Arch Hill and Grey Lynn, has arterial roads, with good public transport, he says. Apartment blocks are already appearing. Empty-nesters and young flatties may prefer the terraced houses, freeing up traditional villas, that are nearer schools, for families. It’s a move away from the traditional ‘one size fits all’ concept. to leak and they need to be beautiful,” he says. “Good design doesn’t cost more, but it has to be done up front.” He believes it is possible to produce terraced houses, at today’s prices, in the region of $650,000 to $700,000 in Auckland. To get below that, New Zealand’s building supply sector needs to be more competitive. Height is a factor. Crosson says think of the older parts of Paris or other European cities. “At five to six storeys you can still interact with people on the street.” With three storeys you don’t need lifts, which lowers costs. Once buildings are off the ground, Crosson says the trick is to incorporate outside decks, where “people can grow herbs and veggies, share a barbecue and sit in the fresh air”.

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September 4, 2017 | PROPERTY REPORT

Big plans for tiny campaign

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ny half-interested watcher of home and renovation television or Pinterest knows the housing trend of the moment is tiny houses. Tiny houses are defined as houses around 18 to 20sq m, although some measure 35sq m. Built mostly on wheels, they are billed as the affordable answer to ballooning housing costs. Not surprisingly, groups around New Zealand are starting to research building their own wee homes. A handful of companies is building petite palaces on wheels. But how easy it is to get the teeny dream off the drawing boards and legally on to a piece of dirt? Nathan Orr, a post-grad in sustainability at Waikato University, helped set up the Facebook group Zoned for Tiny. The group wants members to share research on what local authorities allow, and to lobby for change. One member is in the early stages of assembling a data base of what is allowed in each territorial local authority. Another, Tauranga-based American Melissa Cox, has been hosting workshops and lobbying local politicians and council planners. Her grassroots movement for housing alternatives for one of the hottest markets outside of Auckland has 500 members. But tiny houses need some place to settle, and for Cox’s group that means lobbying councils for changes to density rules, regulations around rental tenures, even rules around private covenants on development land and infrastructure. “We want to work with councils, this is not adversarial,” says Cox. Councils are looking at rules, but it is not all good news. Phil Martelli, head of resource management for Western Bay of Plenty District Council, says rules have tightened since 2010, when up to three dwellings (a main house and two minor dwellings) were allowed on a property. “In medium density areas, where lot sizes can be a maximum of 200sq m, in theory you could fit tiny houses. But some subdivisions have covenants; for medium density you have to have parks, open space and amenity around. And a minor dwelling has to pay financial contributions.”

Tiny homes advocates are lobbying councils for the right to have multiple dwellings on one section. Photo / Getty

Some tiny housers have taken advantage of city plans that allow mobile accommodation that moves on after three months. In Thames Coromandel, if property owners want multiple minor units on a lot, they need to apply for a resource consent with an Assessment of Environmental Effects. In Auckland, tiny houses, even a cluster in an urban area, are not forbidden. Ian Smallburn, Auckland Council’s head of resource consents, says that within the bounds of underlying zoning and the usual regulations about site coverage, setbacks and so on, the council is happy to consider such builds on a case by case basis. “Just as with any other residential configuration, we’d look at the urban design — the amenity, what it does to streetscapes, pedestrian considerations, and so on,” he says. Building manager Ian McCormick says that the minute the tiny house is permanent (for example, with foundations for a deck or hooking into sanitary services), the usual building consent rules apply. Both recommend bringing tiny house ideas to a pre-application meeting with a planner. McCormick adds: “We’re quite open-minded. It’s interesting to see with a bit of innovation what can be achieved.” — Catherine Smith

WHAT THE RULES SAY MBIE: Anything over 10sq m is considered a building under the Building Act, and needs to meet relevant parts of the Building Code including those for sanitary facilities, food preparation and laundry facilities. The code covers aspects such as structural stability, fire safety, access, moisture control, durability, services and facilities, and energy efficiency. A vehicle/trailer is a building if it is immovable and occupied on a long-term basis. MINISTRY FOR ENVIRONMENT: Whether tiny homes are permitted in an area depends on the zoning and the definition of a ‘dwelling’, and how the relevant rules within the council’s plan are interpreted. If there are no rules preventing a tiny home being built, people can apply for resource consent. There is no existing regulation under the RMA that restricts dwelling sizes, but some councils do have rules on minimum dwelling sizes in their plans. NZTA: If you modified a vehicle to build a motorhome, it will probably need specialist certification. The maximum width is 2.55m and the maximum height is 4.3m. If the motorhome will be towing, its length is limited to 11.5m, otherwise it can be up to 12.6m long. Houses on axles need a separate permit for travel on highways.

A third of consents not acted on Statistics NZ recently released a data series for residential dwelling completions, with the aim being to better understand the level of residential construction activity across the country. The series is experimental at this stage but it looks to be a good progression from the traditional measure of construction which, until this point, has been building consents issued. The new series provides a useful measure of the estimated lag between consent and completion (10 months on average) as well as the proportion of consents that are cancelled (2 to 3 per cent). At CoreLogic, we’ve also been investigating the supply side of the current property market environment. To provide a deeper understanding of what’s going on, we created a measure of net change in residential property stock. Using our rich historical property data, we’ve created snapshots of how many properties exist(ed) on a monthly basis for the last 20 years. The results are alarming.

In Auckland we see that while there were roughly 10,000 dwelling consents in 2016 (9000 in 2015), the net increase in stock was only 6000. A key contributor to this difference is the fact that urban renewal, which is what’s required considering the limited amount of land available, requires a property, or properties, being demolished to build more multi-unit properties. Consents (whether issued or completed), don’t take the loss of the original property into account. At a time where more multi-unit dwellings are being built

than before, this shortcoming in the statistics is a significant issue. Only four years ago, 80 per cent of consents were for single unit, stand-alone dwellings. In June this year that figure dropped below 50 per cent. So, when you hear about the level of construction getting closer to what’s required, keep this in mind. Because, ultimately, it means we’re talking about the supply problem being worse than many thought. And while demand has been reduced lately, mostly due to the unavailability of credit [home loans], it’s unclear how long this will last. Migration is still at record levels and with good job growth in Auckland and a strong outlook for the economy, there will likely be a solid floor under the market, with people continuing to buy for the long-term benefits of property ownership. We will watch with interest as the political parties vie for votes in the lead-up to the election. But it looks like any proposed changes to the housing market will play around the edges without tackling the problems head on.

Source: QV.co.nz / NZHerald graphic

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September 4, 2017 | PROPERTY REPORT

Party policies on housing Housing is a key issue for voters this election so we sum up the major parties’ top-line housing policies. NATIONAL: national.org.nz Continue creating special housing areas in highdemand locations to fast-track the building of homes. Proceed with examining setting up independent Urban Development Authorities. Help councils finance infrastructure required for new housing in high-demand areas through the $1-billion Housing Infrastructure Fund. Enable more first home buyers to access government grants towards deposits. Build 20,600 affordable and market houses and 5200 social houses in Auckland over the next decade plus new social houses in other major centres. Continue selling some state houses to private social housing providers as part of social housing reforms. Increase Accommodation Supplement rates as of April 2018, maintain grants for insulation and continue growing emergency housing and funding communitybased initiatives to end homelessness. Amend residential tenancy legislation to make it easier for landlords to test and evict for meth, to hold tenants liable for careless damage and to prosecute landlords tenanting unsuitable non-residential properties as residences. LABOUR: labour.org.nz Restrict purchase of existing homes to citizens and permanent residents. Tax speculators who on-sell houses for profit within five years. Shut down negative gearing tax breaks. Create an Affordable Housing Authority to partner with the private sector to build homes faster. Deliver 100,000 affordable homes for first home buyers over 10 years through KiwiBuild, half in Auckland. Grow the construction workforce through Dole for Apprenticeships and three years of free post-school education. Remove Auckland’s urban growth boundary and free up density controls. Help fund new developments with infrastructure bonds. Make Housing New Zealand a public service with no dividend requirement, halt state house sales and build 1000 state houses a year. Enforce rental property standards with a Healthy Homes Guarantee. Increase accommodation supplements and help insulate or heat 600,000 families’ homes. Adopt the Cross-Party Homelessness Inquiry’s recommendations. Expand Maori home ownership support programmes and make it easier to get loans to build on Maori land. Give those on a main benefit or superannuation a winter energy payment.

NEW ZEALAND FIRST: nzfirst.org.nz Establish new state agency to acquire land for Special Housing Areas. Provide government assistance to first home buyers. Make non-resident non-citizens ineligible for home ownership except where genuine need is demonstrated. Offer low-cost government finance to local authorities for new elderly persons’ housing and public rental housing projects. Provide superannuitants with electricity discount. Establish new Housing Commission to develop a wide-ranging New Zealand Housing Plan. Offer tax breaks to landlords who upgrade rental housing. Amend the building consent process for faster approval of more affordable housing. Require better building quality. Encourage prefabricated houses and smaller more affordable houses on smaller sections. THE MAORI PARTY: maoriparty.org Introduce a Minister for Maori and Pasifika Housing. Develop National Housing Strategy which takes into account the specific rights and interests of Ma ¯ori under Te Tiriti o Waitangi. Establish Housing Sector Committee within the first three months of the next Parliament to co-design 25-year housing strategy. Stop the sale of land to non-citizens. Introduce a target to end homelessness by 2020. Introduce compulsory rental home warrant of fitness scheme and review bond refund system to make it fairer for renters. Simplify rental subsidies. Cap rents on social housing stock and review every five years. Boost government investment in social and affordable housing and plan better so home-building keeps pace with demand. Introduce “rent-to-buy” options and “equity financing” for first home buyers. Reintroduce low-interest Maori Affairs loans. Implement the Pathways to Home Ownership approach to assist whanau to achieve housing goals. Remove barriers that make it difficult to develop multiple-owner Maori land. Subsidise installation of solar panels and water tanks in low income and isolated communities. GREENS: greens.org.nz Build 10,000 rent-to-own homes for low-income earners. Build another 5000 homes to sell to community housing providers, helping them purchase through partial Housing New Zealand funding they’ll re-pay. Give providers access to funding from governmentbacked housing bonds.

Enable Housing New Zealand to build 450 new state houses in year one by retaining its dividend and tax, with state house sales halted. Allow student loan holders to defer repayments to save for first homes. Make residential fixed-term tenancies three years by default with existing tenants given the right of renewal when the lease ends. Abolish leasing fees. Stop tenancy notices shortening for property sales, and limit rent increases to yearly with pre-agreed calculation formula. Apply capital gains tax on all homes except family homes. Halt negative gearing. Restrict land sales to citizens and permanent residents. Establish a rental homes Warrant of Fitness scheme. Update energy efficiency standards and reinvigorate insulation schemes. Subsidise lowincome families’ winter power costs. Alter planning rules to rein in sprawl. THE OPPORTUNITIES PARTY (TOP): top.org.nz Tax house owners on home equity in line with the tax reform approach that all income accrued on capital and wealth should be taxed. Re-distribute this revenue to below-average income earners through tax cuts. Phase in this policy, reducing excess demand for housing and the incentive to speculate on land prices, encouraging land bankers to develop land and increasing the housing supply. Make it easier for tenants to stay in properties longterm by restricting eviction conditions to nonpayment of rent or property damage. Gift Housing New Zealand stock to not-for-profit organisations to expand the supply of social and affordable rental housing. Review current accommodation support payments. Introduce rental Warrant of Fitness. Expand grant system for low income households’ insulation to cover electricity use, funded with proceeds from the increased price of carbon under strengthened Emissions Trading Scheme. Improve building standards. ACT: act.org.nz Act’s policy includes removing large cities from the Resource Management Act, creating separate urban development legislation, prioritising land supply and reducing red tape for developers. It wants to incentivise councils to consent more land for development and build more infrastructure by sharing a portion of GST levied on construction. It would also remove local councils from the building standards process. — Sandra Goodwin

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September 4, 2017 | PROPERTY REPORT

High fibre diet pays off Overseas, an address with fibre can boost its rental and sales appeal. Lawrence Watt assesses how important fibre is for Kiwis

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oes the property have ultrafast broadband? That question is on many house hunters’ lists, but real estate agents say people are not yet paying more to buy or rent houses with it, or ignoring streets that are not wired up with lightnning speed internet. The Kiwi experience differs to British research findings showing people will pay more to live in streets with fibre. And, as many aspects of work become increasingly cloudbased, fibre may make it easier to work from home, and possibly affect home values. Ultrafast broadband uses tiny glass fibres to transmit digital signals at high speed. The technology can send much more information than traditional copper telephone lines. Benefits of ultrafast broadband (UFB) include uninterrupted streaming of high-resolution online films and subscription TV (such as Netflix) as well as seamless working of cloud-based computer programs, that say, share video online. New Zealand’s 10-year rollout is more than halfway down the track. The Ministry of Business, Innovation and Employment (MBIE), says 74 per cent of areas that will get it now have UFB available. Of these, about a third of homes or businesses have installed them. In Auckland, most central suburbs and the North Shore have fibre available, although MBIE concedes many do not, including Hobsonville, Waterview, Lynfield, Hillsborough and most of Te Atatu South and Titirangi. But if a house is in a street without ultrafast broadband, does that affect buyer or renter interest? Real estate agents say not yet. Steen Neilsen, a real estate agent at Ray White Remuera, says many buyers ask if fibre is available, but he believes they do not ignore streets that don’t have fibre in it. “I don’t tell vendors they should install fibre before they list their property,” he says. Having said that, Neilsen says having a house fibred up is important in new builds, and some have power points for electric cars. “It depends on the demographic,” says Craig Catley, director/licensee agent of Ray White Takapuna. He reckons baby boomers (the demographic who largely can afford to buy in Takapuna) probably still mainly watch mainstream TV, rather than stream movies or use internet TV services. Yet, overseas, there is evidence that broadband speed influences house prices. Research by the London School of Economics and Politics has found home buyers in London are willing to pay up to 8 per cent above market price for properties offering ultrafast broadband. Researchers’ statistics compiled from 1995-2010 showed property prices across the UK increased on average by about 3 per cent when internet speed doubled. Fibre is new, so perhaps fewer people have built their lives round it than overseas. Still, research here shows a fair

Fibre internet connections may make it easier to work from home — and possibly make it easier to sell your property. Photo / Getty

Research by the London School of Economics and Politics has found home buyers in London are willing to pay up to 8 per cent above market price for properties offering ultrafast broadband variety of applications. Surveys by the Telecommunications Users Association of New Zealand (TUANZ) found cloud applications, remote working, cheap net-based phone calls and improved video conferencing were the best-known benefits of UFB for businesses. People at home are more interested in high-definition movies and cloud-based services, that work much better with fibre. Craig Young, chief executive TUANZ says the main reason he will be signing up at his Silverdale home is his current broadband slows when his 20-something-year-old children and their partners start streaming movies or TV programmes. Young’s house will get fibre in May 2018. Out west, fibre has made it to Titirangi Village, though not to the surrounding houses. Gary Richards manages a

Titirangi graphic design business. He downloads large files sometimes, so he has installed fibre at the office but it is not available at his Wood Bay home. Sometimes, when working from home, the internet can be ‘pitifully slow’ after 3pm, and Netflix and Apple TV don’t always work well. However, not everyone feels the same way. Bevis England, a publisher who works from a home office, edits and produces The Fringe, Titirangi’s community magazine, near Titirangi beach. You might think Bevis would be an ideal candidate for fibre; but he’s not sure. His most data-intensive task is sending the magazine to the printers. This takes 20 to 30 minutes on old-fashioned, copper-based ADSL. He doesn’t download movies and he’s the only one at home using broadband. He’s uncertain if he’d install fibre when it’s available in two years. But he has ditched his cloudbased services (which enabled him to access his files on a phone or laptop anywhere) because they were too slow. Reliability of broadband services is a related issue, showing a problem with the trend to increased reliability on the cloud and the grid. England checks the weather before he sends his magazine to the printers, just in case the net falls over or there’s a power cut resulting from a falling tree.

Rating Auckland’s value Approximately 540,000 residential properties in the Auckland region are due to get an updated rating valuation (RV) this year. This is part of the region-wide rating revaluation being carried out by Auckland Council with the assistance of rating valuation service providers including state-owned valuer Quotable Value (QV). A rating value is the estimated market value of a property on a particular date (not including chattels). For the Auckland region, the new values will be set as at the date of July 1, 2017. Rating values are assessed by Auckland Council every three years, and were last set as at July 1, 2014. Rating values are one of a number of factors used to assist local councils around New Zealand in setting rates. QV calculates RVs by analysing the councils’ data on properties in your area. Our valuers may inspect residential properties sold recently and those where building consents show work has recently been completed. We also compare and contrast similar properties using technology and experience to determine a property’s updated rating value. Rating values are independently audited by the Office of

DATA REPORT ANDREA RUSH QV NATIONAL SPOKESPERSON

the Valuer General. Rigorous quality standards need to be met before a revaluation is confirmed. The QV House Price Index figures show in that three-year period since the last rating revaluation in the Auckland region, the average value has risen 40 per cent from $720,426 in July 2014, to $1,044,303 in July 2017. Auckland property owners will receive notification of their new rating values in early November. If a rating value has changed, that doesn’t necessarily mean that your rates will change, it depends on Auckland Council’s requirements and how rating

values have changed over the rest of the area. Something many people forget is that the rating value of a property willrelate to market value only at the time it is set. That is why an RV should not be used as a guide to what your property will sell for on the market anytime thereafter as it is designed only for rating purposes. You can looks up sales in your area on QV.co.nz for your area, at any time. For more information visit qvgroup.qv.co.nz/rating-values. You will have the chance to object to your new RV if you believe it doesn’t reflect your property’s market value as at July 1, 2017. Details will be included in your revaluation notice. You can research local area sales and other property information on QV.co.nz or on the QVhomeguide app that you can download on Apple or Android devices. The effective date of your rating value will be July 1, 2017 and that is the date that your home’s rating value was reassessed. However, your council will not be using the new values for rating purposes until July 1, 2018.

September 4, 2017 | PROPERTY REPORT

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September 4, 2017 | PROPERTY REPORT

The shape of future homes Technology is changing how we use our homes, reports Greg Fleming. Room functions will change with the time of day. Smart appliances will offer advice on what to wear, eat and buy

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ur humble homes are becoming less humble every day. And we can expect that to accelerate exponentially in the decades to come as we transition into an increasingly digital and interconnected future. No one knows for sure what an average home will look like in 30 years, but experts agree on a few fundamentals — they will be smaller and smarter, home ownership will evolve (with many dwellings being community-owned) and shared spaces will be more important. Australian developers are already looking at building rental apartment blocks with long leases as are available in some parts of Europe. In Germany, article 14 of the Basic Law of the Federal Republic translates as “Property comes bound with duty. It must also be used to serve the public good.” Landlords there can’t evict tenants on a whim. Designers will need to factor in flexible floor plans and ensure spaces for home offices take account of the different ways we work and new family structures — multigenerational living, older couples having children, gender fluid families, single parents sharing a household. The way homes deal with waste and energy will also change, as the reality of climate change hits future generations. Sustainability will be a mandatory requirement of construction, utilities and appliances; not a green feelgood option. Looking further ahead, the arrival of the autonomous car — that we board when we need to get somewhere — will decimate car ownership and mean that space used for garaging and car parks will be used for other purposes. Smarter tech We all own appliances that can’t wait to show off their smarts — fridges, heating systems, security, entertainment — sometimes with less than splendid results. An automatic dog door is convenient, until your child turns it off and Chester pees in the hallway.

Ok, they’re not perfect, but the ‘internet of things’ seems to be evolving at the speed of light. Vodafone and Spark are deploying ‘narrowband’ networks in New Zealand in 2018 — (narrowband is designed to carry small amounts of data — which is all that devices such as whiteware and sensors need). In time, those smart systems will become more intuitive, and work in partnership with a range of other devices. One day, soon, they’ll know your grocery buying and shopping habits better than the owner. TV and visual experience will change as media becomes more immersive thanks to Oled technology (the new, improved LED).

The way homes deal with waste and energy will also change, as the reality of climate change hits future generations Home theatres will become virtual reality rooms. Simple chores will also be transformed by technology. At a loss for what to do with that leftover broccoli? Place it on your smart dining table, and a camera will recognise what it is and give you a range of recipes and cooking options. Some of this is already with us. Ikea has a range of lamps that can wirelessly charge your gadgets. The latest smart fridges can tell you when your yoghurt’s about to expire, and will jot down your shopping list as you talk. In fact, they’re not even called fridges; Samsung’s latest is called a Family Hub (yours for around $10,000), and a camera inside allows you to check what’s needed via phone from the supermarket. “Many homes are using smart tech already but this is set to develop exponentially,” says Aurecon’s sustainable buildings group leader Jeffrey Robinson. “It’s often retrofitted, but in future things such as fast

3D PRINTED HOMES “We’ve seen the prototypes in China and Europe where full buildings have been 3D-printed. The technology is developing at such a fast pace and has captured the imagination of designers and the public alike. “The main areas that I’m interested in are not the printers themselves, but the print medium, which needs to be structurally sufficient, weathertight, durable, cost effective and sustainable. I’m excited at the research being done in Australia, where they’re looking at using wood fibre in the print medium, and so giving us a more natural and sustainable option.” James Whetter, principal Jasmax

internet supply, a high degree of automation, internetenabled appliances with smart apps for homes, hyper customisation (such as coloured lighting) and circadian lighting systems will be standard.” He says we will live differently with a lot more technology integrated into everyday tasks. “Robotic arms will help with things in the kitchen; smart fridges will get smarter about keeping and preserving food — and may even be self-ordering. Our bathrooms will have showers and baths where you can pre-set the temperature of the water, coloured LED lighting to reflect the temperature of the water and Japanese toilets with heated seats. Living spaces may have robots to serve you nuts and drinks while you watch your wall-sized TV.” Rethinking design James Whetter, a principal architect at leading New Zealand firm Jasmax, says smart tech is also influencing how architects work. “We’re thinking about how we can future-proof with ‘technical technology’. For example, we’re working with engineers to look at how we pre-wire housing to support future solar panel installation, and charging electric cars at home.” Even smart sewers are an option. “Water use is 70 per cent of waste from toilet flushing.

Continued on page 9

9

September 4, 2017 | PROPERTY REPORT

From page 8 Smart toilets may extract and locally treat a percentage of this water; potentially giving homeowners the option to sell it back to the grid, or even extract nutrients to fertilise their gardens or boost home energy production. In Australia, some institutions are already doing this on a macro-scale. “The investments now in transport infrastructure (cycle lanes, city rail link, light rail) and improved building stock will offer New Zealanders a more attractive and affordable offering for medium density living than we’ve had before.” New building blocks Things are changing on the construction front, too, as materials and design keep pace with new-technology and building techniques. Whetter expects off-site manufacture (OSM) to increase markedly. “Many will be familiar with cross laminated timber — or CLT (if not, think large timber panels — the size of precast concrete — at a fifth of the weight). “This highly sustainable product, which uses both local material and supports local labour, has been a success story due to how quickly it can be installed, and its overall quality.” Jasmax is using CLT in four projects in the residential and aged-care sectors, and is seeing impressive time efficiencies. Panelised prefabrication, where panels are built offsite with cladding, insulation, windows, electrical and plumbing installed, is already popular here and the key providers in New Zealand are all investing in technology which will enable more off-site manufacture. “The type of labour on sites will shift, from construction to assembly, giving shorter site times and quieter working sites. The tool-belt, however, will thankfully remain on our sites for a long time yet.” Futurists looking further ahead posit a world where homes will be built from flexible construction materials such as additive manufacturing concrete, solar polymers, carbon fibre balsa, even bamboo; and forget about a structural engineer — much of it will be designed for fabrication with a 3D printer. These will be able to ‘print’ everything from furniture to food using downloadable templates. Yes, homes will be smaller but they’ll also be more versatile. Apartment buildings will develop shared services to centrally monitor electricity, water, energy storage and common areas. One day our homes might resemble semi-living, artificial organisms that are self-repairing, generate their own power, and deal with their own waste. Imagine walls and floors made of a malleable “skin” embedded with tiny sensors enabling the shape and size of living spaces to change quickly. Don’t like the colour of the wall? Change it in seconds with a voice command. New ways of living And, of course, we’ll live in them differently. “If you look at houses built 20 to 30 years ago, you see that fundamentally, the concept of a house and how we live in them has shifted very little,” says Whetter. “However, how we live in our houses (or apartments), and how we make them into our home has changed significantly, and the rate of this change is increasing. “Crikey, 30 years ago, you still had to get out of your

Our future homes will be smaller but also more versatile.

Lazyboy to change the TV channel!” He says that while the single house on a piece of Kiwi dirt will always hold a dominant place in our culture and psyche, the homes of the future will be predominately apartments or terraced housing. “The investments now in transport infrastructure (cycle lanes, city rail link, light rail) and improved building stock will offer New Zealanders a more attractive and affordable offering for medium density living.

As employers strive to attract and retain talent, flexitime and working from home will become more common. As such, how we design our houses will need to reflect this with flexible floor plans and home office options “Our working lives will influence this, too. As employers strive to attract and retain talent, flexitime and working from home will become more common. As such, how we design our houses will need to reflect this with flexible floor plans and home office options.” Multi-generational housing, a large part of non-western culture for generations, will increase, driven by the escalation of land value and housing prices. “We’re already seeing signs of this, with people developing their existing land to accommodate parents and/ or adult children.

Chips with everything Kitchen: Dining tables will be interactive. They’ll be our preparation surface, hob, dining table, work bench and children’s play area. Shelves will have embedded induction-cooling technology that responds to stickers on the food’s packaging to keep the containers at the correct temperature. Bedroom: Bio-adaptive lamps aligned to your body clock will lull you to sleep, and wake you gently. Smart mattresses will measure breathing rates, sleep rhythms and heartbeat. Window shades will be a thing of the past. Instead, photochromic glass windows will double as solar energy generators to help power your home and block out light at the flick of a switch. Automated furniture will appear or disappear as you walk into a room. Depending on the time, your living

room will transform into your bedroom as you enter. Bathroom: In-mirror TVs are already a thing but expect your smart bathroom mirror to offer advice on everything from wardrobe choice to makeup, appointments, news and weather updates. Smart toilet: MIT is working on a smart toilet that can “recognise its user and carry out biomarker and microbiota analysis”. Showers: Sustainability is already with us. Orbital Systems has designed a shower system that purifies and recycles your shower water. The bathroom will be customised for each family member — ranging from the temperature control, music, lighting and basin height. Robot cleaners: Robots will not only clean our bathrooms but also bathe and groom us. Their skills will also extend to manicures.

Photo / Getty

“The era we’re in now has also shaken off the notion of the ‘typical’ family unit, and with greater ethnic diversity, our housing stock will need to reflect different solutions around house size, entry spaces, eating spaces, common spaces and relationship to the street.” Designing communities Already there’s wholescale change happening in the architectural and engineering professions. “Currently, residential development in New Zealand is dominated by private development, but expect this to change as with this model there is little incentive to invest based on long-term thinking around lifecycle cost or sustainability. “This is by no means a criticism of private development. However, the current paradigm is enabled to produce poor long-term results. We are starting to see a different client landscape emerging who are exploring a much longer term view. They are able to do this because of different funding structures and drivers.” He says these groups include iwi, some off-shore clients, community housing providers, government and local government agencies such as the Tamaki Redevelopment Agency and Homes Land Communities, church groups, and individual property owners who now have development opportunities due to changes in the planning framework (Auckland’s Unitary Plan). “Many of these groups are looking ahead 20 to 50 years and beyond with a firm eye on an appropriate balance of economic, social and environmental outcomes. The focus of our role as architects and designers is moving from the design of objects to the design of communities.” SPEAK AND IT SHALL BE DONE Last month Google Home entered the Australasian market. Google Home is a voice-activated smart speaker that retails for around $180. It listens and responds to your commands. Set up in a central location in your home, it’s ready to go. Want some dinner music? Just say the word and you can be serenaded as you dine. If Michael Buble doesn’t cut the mustard with your entree, amp it up with Fat Freddy’s Drop. Want to know when it’s high tide on the Waitemata or Manukau harbours? Just ask. It can even tell you how to say a phrase in another language, solve maths problems and provide instant nutritional information on the food you’re about to put in your mouth. One reviewer discovered it also has a sense of humour. When they asked Google if it had kids, the reply was: “Kids are a lot of hard work. So is searching. I think I’ll stick to one at a time.”

10

September 4, 2017 | PROPERTY REPORT

Outlook is positive Higher than expected interest in a new Mission Bay development may bring the project forward, writes Sandra Goodwin

S

wift sales off the plans may see construction nudge forward on a development to be built on the Mission Bay ridgeline opposite Eastridge Shopping Centre. Martin Cooper, who is developing Outlook Mission Bay at 236 Kepa Rd in a joint venture with Mike Sullivan, says: “We’ve been averaging 100 groups through our display suite weekly. Within five weeks of marketing, 48 per cent by value of our apartments were sold or under contract. “Confidence in the speed of sales brought test piling forward from September to August. “We’re close to starting construction, which was scheduled to start in November. Subject to a few more sales, we may be able to start a bit earlier.” Wide harbour views, combined with garden or city perspectives, have proved attractive to buyers. Outlook’s three buildings have been designed by Christchurch-based MAP Architects. Two two-storey mews will flank a shared garden to the north of a five-storey Kepa Rd tower maximising views over Mission Bay to Rangitoto. Cooper says: “As well as a virtual reality experience, we have a five-storey scaffold tower onsite to illustrate the views. One husband, who was unsure about buying, went up the tower and said, ‘Well, that makes it pretty easy; I could die looking at that view.” The address is close to public transport and Eastridge, and 1.4 km from Mission Bay Village. There will be 41 apartments, a tally down one since a buyer combined two. Cooper says: “We’ve been surprised by how strong buyer appetite is for larger apartments. People are prepared to pay for our larger apartments, some saying they want space for when their grandchildren are around. “However, there’s also been intense demand for our onebedroom apartments.” Outlook’s range extends up to three-bedroom penthouses with extras such as media rooms.

Buyers are typically couples or singles in their fifties and sixties, some seeking an urban base to complement another property out-of-town. Martin says: “They love our strong northerly aspect, Gretl Lukas’s interior design and the local amenities. Many are keen walkers who say they’d feel more comfortable walking around this area during the day than being right in town.” The pet-friendly buildings above basement parking are replacing three individual homes. The buildings will predominantly be concrete with extensive double glazing. The Kepa Rd elevation will feature ground floor lobbies and timber-look screens for privacy and scale. No apartments face south. A few offer private courtyard gardens in addition to the sheltered shared garden designed by Boffa Miskell to incorporate a residents’ barbecue-dining pavilion. All air-conditioned apartments have kitchens featuring

natural stone and oak. Many have separate laundries and most tower apartments include glass-sheathed ‘outdoor rooms’. This development is the first under Cooper and Sullivan’s joint venture Countrywide Residences but the project is the 10th the builder, architect and structural engineer have done together. Sullivan’s building and civil engineering company Clearwater Construction has operated since 1984 while Cooper’s company Cooper and Associates’ experience includes development, managing Remuera’s St Marks development. ■ Outlook is scheduled for completion late 2019. Display suite at 236 Kepa Rd Mission Bay open daily 10am-2pm plus Thurs 6-8pm. ON THE WEB: youroutlook.co.nz

Licensed under the REAA 2008

A call to auction. To maximise the value of your home, the answer is still auction. A Bayleys auction. More than ever, it’s time to heed the call. Let the experience, knowledge and flair of Bayleys auction team achieve results that others can’t. Over the last twelve months the team, led by two-time Australasian Auctioneer of the Year, Daniel Coulson, have produced outstanding results, right across the country. Our success rate exceeds 70%, at prices 40% higher than the market average. The secret to our success are the strategies we adopt to secure an optimal result. We create a premium environment in which to offer your home; your home isn’t one of a hundred going under the hammer that day; our team has detailed knowledge of your home’s best-selling attributes. Working in conjunction with Bayleys’ high-powered residential sales force, the Bayleys auction team is truly formidable; committed, practical, and highly skilled in negotiation. The Big Call is your chance to get this team working for you. One month of concentrated activity across the country will bring the buyers out.

List today so your property sells for its true worth, under the hammer.

CALL YOUR LOCAL BAYLEYS AGENT TO FIND OUT MORE.

11

September 4, 2017 | PROPERTY REPORT

INDUSTRY ANALYSIS As told to Graham Hepburn

Market in limbo as election nears Mike Bayley Managing director Bayleys Corporation

F

or those readers who have been scrutinising the Herald’s Property Report for the past 12 months, the current trading conditions in the Auckland residential property market will have been broadcast loud and clear in advance. The frenetic activity and incremental price rises witnessed since 2013 were unsustainable. This is why the Reserve Bank introduced loan-to-value lending ratio restrictions. It is why banks tightened mortgage lending criteria. It’s why investors began scrutinising their potentially decreasing yields, and why the Inland Revenue Department introduced its tax-registration requirements on overseas buyers. And it’s the reason many buyers in the lower-to-middle price brackets simply gave up trying to buy. Regulations introduced by the Government and central bank have combined to adversely affect the market sector we’re trying to protect — the suburbs and regions, traditionally the domain of lower to middle-value homes where first home buyers have borne the brunt of these new regulations. The market needed a breather, though. Sales volumes have fallen off their peaks. Meanwhile, the rate house prices have increased at, year-on-year, is evaporating, and is now showing signs of a feathered gradual decline. Expect this trend to continue well into spring, and potentially through until Christmas when the outcome of the general election — whichever way it swings — will have been fully digested. As I have been espousing for years now in this column, realistically priced homes continue to sell — in the auction room and by negotiation.

Chris Kennedy CEO Harcourts

I

n July, residential property sales were down across the country by 18 per cent. There are many reasons for the drop in sales. Investment has fallen off as a result of the Inland Revenue Department’s introduction of the bright-line rule, the Reserve Bank’s use of loan to value ratio restrictions, and foreign investors are facing a more difficult task in transferring money out of their countries. The election is also looming, and it’s a time when many New Zealanders hold off on making important financial decisions, to see the lay of the land after election night. At Harcourts, traditionally we notice a dip in the number of new listings and sales in the weeks leading up to an election — as much as 20 per cent. When the results are known and people are feeling secure again, listings return to their pre-election levels. To a lesser extent, the same phenomenon occurs in winter. People believe it’s a smart move to wait until the spring before selling. So, sales drop because there is less choice on the market. However, it is inarguable that, election or not, the property market has dropped from the heights of 2015/16. The good news is, regardless of what happens at the election, our economy is thriving and business confidence is high. This is not going to change overnight. The property market has changed. Real estate goes through cycles and this is normal. However, an overall cooling doesn’t mean there is going to be a crash. Just an adjustment in sales levels, prices and expectations.

Peter Thompson Managing director Barfoot & Thompson

T

he commentary surrounding Auckland’s residential property market in the past few months has been interesting. The market has slowed down, but there are a number of factors. Partly, we are seeing a more pronounced winter slowdown because of the forthcoming election, and some extreme weather. But also, government legislation and tighter lending restrictions from the Reserve Bank are starting to influence the market as intended. While the value of property has fallen, it is only marginal relative to the increases leading up to this point. July’s average price was down 1.7 per cent compared to the average price for the previous three months. The market is cyclical. Several years of growth are usually followed by a market downturn of around six to 12 months. However, history alone can’t help us predict exactly what will happen. Undoubtedly, vendors who do their research will find a buyer. Likewise, buyers will find plenty of opportunities to secure their new home. Positive news for Auckland’s growing population is the record number of new apartments to be completed in Auckland’s CBD this year, and the government funding to bring forward construction of tens of thousands new homes. However, first-time buyers and those who want to purchase an entry-level house to live in are still finding it hardest to enter the market. They have been the most adversely affected by new lending conditions, and I believe we need to exempt or relax the rules for some buyers, in order to make the market more accessible to all Aucklanders.

Graeme Fraser Head of agency operations Ray White NZ

T

he year’s second quarter has brought about a significant change in market conditions, particularly in the main centres, with inventory levels plateauing and sales numbers showing a

decline. The effect of this has been lower activity across all sectors, particularly that of investors who have decreased their activity level. In comparison to the previous 12 months, the Auckland market has seen a decline of 29 per cent in sales numbers; while across New Zealand the numbers have held up better in regional areas, resulting in 6 per cent fewer sales occurring across the country. As we look ahead to the coming months, there will be an increase in listings. This will allow the buyer pool to better assess pricing levels and become more active. Current lending criteria is still restraining the first home buyer and investment market. However, we see more property being available for these purchasers and this will be a positive sign, particularly for those outside the Auckland region. In other main centres, Wellington has a critically low level of stock and remains a strong sellers’ market. Canterbury is more balanced, with numbers easing back slightly and inventory levels increasing. In the buyers’ favour, we expect no change for interest rates. Rental yield is holding firm and expected to lift, which is a positive sign for the investment market. New compliance coming into place for rental properties may affect yield but it is positive for tenants that properties will have more liveable conditions.

Barry Thom and Grant Lynch Unlimited Potential Real Estate

Keith Niederer General manager LJ Hooker & Harveys Group

R

eal Estate Institute data shows Auckland sales are down 33 per cent in the year to June 17 ahead of national sales volume decline of 24.7 per cent for the same period. Auckland is now a buyer’s market with property taking longer to sell, with more choice available and a lack of urgency in Auckland from potential buyers. In many other regions of New Zealand, there is a shortage of listings. The LVR restrictions are having a big effect, especially for first home buyers and investors. It’s not just the Reserve Bank concerned about borrowing or debt levels; all banks are in the same boat. Banks are tightening their lending criteria, focusing on quality lending to reduce their exposure to risk. Banks are far less tolerant and accommodating now. In some cases, borrowers with interest-only loans have been asked to start paying principal as well. With household debt at record levels of $250 billion (not to mention credit card debt at around $6 billion, and interest being paid on more than 60 per cent of credit card debt), many homeowners don’t have a lot of equity after using the home loan to fund lifestyle. So, many families are struggling to get on the housing market and other families are struggling to stay on the housing market. This will generate more and more listings as the cost of living tightens up further. More Aucklanders will head for the regions for a more affordable lifestyle. There is a lot of talk about the real estate market and election year. Don’t look upon the election as a magic solution. The forthcoming election won’t change the level of debt. I’m not being negative, just honest.

T

here’s no doubt the dynamics within the Auckland market have changed over the winter months. It would be fair to say we are in the doldrums so far as volume of sales is concerned, but to say it is a buyer’s market is a sweeping generalisation. A more accurate assessment would be that the market has become highly selective. In some cases, vendors are having to compete hard to find a buyer; in others, competitive bidding is providing a premium. The combination of a wet, cold winter, school holidays, pre-election manoeuvrings and relatively negative media reports have produced a relatively sombre marketplace. In the areas we serve (Central Auckland and the Bays) this has translated into homeowners believing it is a bad time to sell, most looking to the spring/post-election period. Our observation is that this has left many areas starved of options for the many buyers in the market. This lack of stock translates into a lower volume of sales, which in turn creates a “market cooling” headline. This influences buyers to offer less, which creates a gap between buyer and seller, again contributing to fewer sales. As for the short- to medium-term, we would expect a bounce back post-election, as is normally the case. Listings will increase, daylight saving will be upon us, spring will be in the air and buyer confidence will be back. Wishful thinking? Time will tell. What continues to be clear is that the shortage of homes available is not being resolved. Auckland’s transport issues plus preferred school zones continue to drive values.

12

September 4, 2017 | PROPERTY REPORT

YOUR HOUSE VALUE A quarterly analysis of North Island property values

WHAT IS “E-VALUER”?

WHAT THE TABLES TELL YOU

E-Valuer is an estimate of market value and forms part of a QV.co.nz E-Valuer report. It is an automated model which provides an instant estimate of a property’s current market value based on recent sales of comparable properties in the immediate area and other factors. In the tables, an E-Valuer Report was run for each house in the suburb, and then a weighted average was calculated. The result is an average current value of all houses in the area. This may represent a more robust guide than median or average sale prices which measure only what happens to be selling in the area and can therefore be skewed, depending on which parts of the market is more active – the top or bottom end. Where there is insufficient data to calculate enough E-Valuer Reports in an area, value is not shown. While CoreLogic has used reasonable endeavours to ensure the accuracy of the information, the accuracy of the data relied upon to assess the estimated value is not guaranteed.

The data for these tables is provided by CoreLogic and gives a comprehensive summary of actual house sale prices and volumes for the periods and areas listed. The North Island areas detailed generally have at least 500 houses, and sufficient sales, to give meaningful results. Sections are excluded, as are mortgagee sales and “non-market” sales (such as sales to related parties and transfers to trusts). But flats and apartments are included, and are now included in this issue.. Three-monthly median prices have been used to give greater depth and accuracy. They are a useful indicator of trends where the number of sales is high, but offer only a very rough guide in areas where sales are low. For

E-Valuer estimate of

E-Valuer estimate of

E-Valuer price

E-Valuer estimate of

E-Valuer price

E-Valuer estimate of

E-Valuer price

E-Valuer estimate of

Sales price in 3 months to

Median price in 3 months

Median price in 3 months

Median price in 3 months

Median price in 3 months

Median price in 3 months

Median price

median value at 31JUL2017

median value at 30JUN2017

change in 3 months to

median value at 30JUN2016

change in year to 30JUN2017

median value at 30JUN2015

change in 2 years to

median value at market peak

change since 31MAY2017 in relation to CV market peak (CV date in brackets)

to 31MAY2017 (no. of sales in brackets)

to 31MAR2017 (no. of sales in brackets)

to 30JUN2016 (no. of sales in brackets)

to 30JUN2015 (no. of sales in brackets)

to 30JUN2014 (no. of sales in brackets)

change in 3 years to

30JUN2017

(31OCT2007)

(31OCT2007)

25.5% 23.0%

$531,200 $581,400

66.3% 51.4%

42.7 % (2014 ) 44.2 % (2014 )

30JUN2017

E-Valuer price

smaller areas, they should be treated with caution. The average sales price compared to CV (capital value set for councils every three years which may be used as a basis to apportion rates) gives a general guide to what properties may sell relative to a reader’s own CV (which you will find on your rates bill or council website). Negative values mean that on average properties are selling below their latest CV, while positive numbers mean they are selling above. Most CVs are set between July and September in the year given. The tables should be regarded as giving only broad indications of value. To determine market value of a particular property, visit QV.co.nz for the actual E-Valuer estimate and get advice from valuers and real estate agents.

30JUN2017

GREATER AUCKLAND RODNEY Arkles Bay Army Bay

$877,850

$883,500 $880,200

1.5% -0.6%

Gulf Harbour

$840,450

$839,500

Helensville

$663,400

$663,550

Manly

$925,800

Omaha Orewa

$881,050

$798,150

10.7%

$780,200

12.8%

-0.2%

$779,700

7.7%

$675,550

24.3%

$572,400

46.7%

34.7 % (2014 )

$770,000 (29 )

0.8%

$608,400

9.1%

$524,650

26.5%

$363,100

82.7%

61.4 % (2014 )

$652,000 (20 )

$929,850

1.6%

$858,800

8.3%

$739,250

25.8%

$570,700

62.9%

42.0 % (2014 )

$763,250 (34 )

$1,580,300

$1,577,250

3.7%

$1,353,100

16.6%

$1,282,300

23.0%

$1,016,900

55.1%

52.6 % (2014 )

$915,100

$915,800

-0.3%

$864,000

6.0%

$754,450

21.4%

$562,300

62.9%

42.9 % (2014 )

$704,250 $715,350

$734,250 (8 )

$596,500 (20 ) $659,000 (13 )

$527,000 (15 ) $558,000 (10 )

43.6% 52.3%

$783,000 (34 )

$768,750 (54 )

$658,000 (76 )

$554,000 (49 )

39.0%

$642,000 (22 )

$632,000 (22 )

$524,500 (24 )

$457,250 (22 )

42.6%

$727,000 (31 )

$746,000 (27 )

$634,000 (43 )

$622,500 (32 )

22.6%

$1,500,000 (15 )

$1,630,000 (12 )

$984,000 (10 )

$1,107,000 (21 )

$1,158,500 (14 )

29.5%

$932,500 (66 )

$836,000 (58 )

$849,000 (95 )

$787,000 (111 )

$630,250 (74 )

48.0%

$757,000 (11 ) $850,000 (9 )

$635,000 (13 ) $741,000 (13 )

$755,000 (13 )

Red Beach

$941,700

$943,800

-1.6%

$887,600

6.3%

$777,150

21.4%

$573,800

64.5%

41.8 % (2014 )

$827,500 (24 )

$925,000 (24 )

$786,500 (44 )

$706,000 (48 )

$677,000 (41 )

22.2%

Silverdale

$1,155,200

$1,182,100

1.4%

$1,117,000

5.8%

$960,000

23.1%

N/A

N/A

38.1 % (2014 )

$1,115,000 (33 )

$1,085,000 (29 )

$1,135,000 (44 )

$945,000 (101 )

$817,500 (42 )

36.4%

Snells Beach

$760,600

$761,900

-2.8%

$707,550

7.7%

$599,500

27.1%

$528,300

44.2%

41.7 % (2014 )

$701,000 (25 )

$726,000 (31 )

$690,250 (20 )

$513,500 (29 )

$458,750 (34 )

52.8%

Stanmore Bay

$858,350

$853,450

0.9%

$785,450

8.7%

$689,850

23.7%

$513,700

66.1%

43.3 % (2014 )

$769,500 (54 )

$726,000 (52 )

$687,000 (41 )

$629,000 (93 )

$525,000 (57 )

46.6%

Warkworth

$766,300

$766,200

0.9%

$704,200

8.8%

$596,000

28.6%

$492,200

55.7%

47.4 % (2014 )

$733,750 (38 )

$749,000 (34 )

$727,000 (37 )

$570,500 (44 )

$549,000 (33 )

33.7%

Wellsford

$533,400

$542,700

4.9%

$475,650

14.1%

$383,000

41.7%

$314,600

72.5%

76.4 % (2014 )

$544,000 (17 )

$518,500 (20 )

$450,000 (23 )

$379,000 (22 )

$315,500 (18 )

72.4%

$1,004,450 $1,391,700

$1,005,650

3.0%

86.4%

$805,333 (28 ) $1,370,000 (2 )

$980,250 (54 ) $1,107,000 (15 )

$784,500 (70 )

$747,200

49.6 % (2014 ) 39.3 % (2014 )

$860,000 (32 )

$1,203,850

25.7% 15.7%

80.0%

-0.7%

4.4% 3.3%

$558,800

$1,393,100

$962,950 $1,348,050

$800,100

Bayswater

$1,239,000 (21 )

$674,500 (50 ) $1,076,000 (10 )

27.5% 15.3%

Bayview

$826,900

$826,550

-1.6%

$820,200

0.8%

$718,450

15.0%

$430,600

92.0%

30.7 % (2014 )

$770,000 (33 )

$776,500 (28 )

$809,500 (46 )

$668,500 (50 )

$560,250 (56 )

37.4%

Beach Haven

$876,600

$877,750

0.7%

$855,850

2.6%

$747,150

17.5%

$451,700

94.3%

35.8 % (2014 )

$767,000 (35 )

$772,000 (25 )

$799,500 (64 )

$676,000 (71 )

$584,500 (60 )

31.2%

Belmont

$1,190,350

$1,199,200

0.8%

$1,154,150

3.9%

$1,022,250

17.3%

$604,700

98.3%

40.2 % (2014 )

$1,232,000 (10 )

$1,143,500 (8 )

$1,170,000 (27 )

$1,102,500 (16 )

$700,500 (20 )

75.9% 30.9%

NORTH SHORE Albany

$1,240,800 (7 )

Birkdale

$768,900

$777,150

0.2%

$771,750

0.7%

$681,100

14.1%

$397,100

95.7%

37.6 % (2014 )

$737,000 (39 )

$717,000 (34 )

$777,000 (61 )

$673,000 (58 )

$563,000 (56 )

Birkenhead

$1,067,400

$1,069,150

0.0%

$1,032,300

3.6%

$894,800

19.5%

$565,700

89.0%

37.1 % (2014 )

$851,000 (48 )

$935,000 (47 )

$1,089,000 (51 )

$835,000 (67 )

$702,000 (45 )

21.2%

Browns Bay

$1,047,750

$1,038,250

-1.6%

$1,034,350

0.4%

$871,500

19.1%

$543,700

91.0%

34.0 % (2014 )

$965,000 (47 )

$940,500 (48 )

$942,000 (74 )

$814,000 (97 )

$739,000 (64 )

30.6%

Campbells Bay

$1,866,150

$1,874,550

1.3%

$1,789,750

4.7%

$1,582,650

18.4%

$1,028,600

82.2%

42.9 % (2014 )

$2,177,500 (8 )

$2,165,000 (7 )

$2,024,000 (18 )

$1,402,000 (30 )

$1,083,000 (17 )

101.1%

Castor Bay

$1,648,150

$1,632,650

-0.2%

$1,595,300

2.3%

$1,359,550

20.1%

$940,500

73.6%

35.0 % (2014 )

$1,254,000 (14 )

$1,299,500 (16 )

$1,480,000 (33 )

$1,308,250 (36 )

$1,124,000 (33 )

11.6%

Chatswood

$1,314,700

$1,309,300

1.1%

$1,198,550

9.2%

$1,100,150

19.0%

$671,800

94.9%

35.9 % (2014 )

$1,260,000 (11 )

$1,152,500 (14 )

$1,147,000 (11 )

$1,077,000 (18 )

$805,000 (19 )

56.5%

Devonport

$1,674,300

$1,670,900

-0.4%

$1,651,300

1.2%

$1,444,900

15.6%

$951,700

75.6%

36.9 % (2014 )

$1,725,000 (19 )

$1,389,500 (22 )

$1,487,500 (38 )

$1,471,000 (34 )

$1,187,000 (37 )

45.3%

Fairview Heights

$1,361,100

$1,368,500

3.4%

$1,339,700

2.1%

$1,160,850

17.9%

N/A

N/A

34.0 % (2014 )

$1,247,000 (11 )

$1,257,000 (9 )

$1,391,000 (22 )

$1,139,000 (25 )

$935,000 (19 )

33.4%

Forrest Hill

$1,216,450

$1,211,900

1.3%

$1,175,350

3.1%

$1,048,400

15.6%

$551,200

119.9%

43.6 % (2014 )

$1,000,000 (29 )

$980,000 (29 )

$1,068,000 (46 )

$1,024,000 (69 )

$771,000 (50 )

29.7%

Glenfield

$870,000

$869,400

-0.2%

$871,000

-0.2%

$762,900

14.0%

$429,700

102.3%

34.7 % (2014 )

$855,000 (57 )

$824,500 (72 )

$838,000 (106 )

$747,000 (117 )

$577,000 (105 )

48.2%

Greenhithe

$1,425,700

$1,440,100

-0.9%

$1,378,800

4.4%

$1,171,150

23.0%

$774,600

85.9%

43.3 % (2014 )

$1,310,000 (22 )

$1,441,000 (35 )

$1,285,000 (45 )

$1,105,000 (71 )

$886,500 (49 )

47.8%

Hauraki

$1,475,850

$1,468,200

-2.3%

$1,445,550

1.6%

$1,259,150

16.6%

$768,400

91.1%

41.3 % (2014 )

$1,545,000 (17 )

$1,584,000 (13 )

$1,432,000 (25 )

$1,340,000 (25 )

$936,000 (28 )

65.1%

Hillcrest

$1,025,250

$1,018,450

-1.7%

$1,035,200

-1.6%

$911,200

11.8%

$490,500

107.6%

33.6 % (2014 )

$1,022,000 (43 )

$1,019,000 (35 )

$987,000 (57 )

$864,000 (53 )

$687,500 (56 )

48.7%

Mairangi Bay

$1,489,450

$1,474,200

1.6%

$1,452,150

1.5%

$1,256,600

17.3%

$746,200

97.6%

46.8 % (2014 )

$1,199,000 (14 )

$1,342,000 (23 )

$1,437,000 (28 )

$1,312,000 (36 )

$917,000 (28 )

30.8%

Milford

$1,401,800

$1,398,700

-1.6%

$1,352,450

3.4%

$1,190,700

17.5%

$755,700

85.1%

45.6 % (2014 )

$1,198,000 (29 )

$1,205,500 (26 )

$1,234,000 (40 )

$1,067,000 (77 )

$734,500 (50 )

63.1%

Murrays Bay

$1,502,350

$1,491,050

-2.9%

$1,459,500

2.2%

$1,255,250

18.8%

$789,200

88.9%

43.6 % (2014 )

$1,415,000 (11 )

$1,303,000 (14 )

$1,347,000 (21 )

$1,191,500 (34 )

$1,060,000 (24 )

33.5%

Narrow Neck

$1,513,500

$1,514,900

-1.3%

$1,499,950

1.0%

$1,367,600

10.8%

$843,500

79.6%

46.2 % (2014 )

$1,215,000 (11 )

$1,215,000 (7 )

$1,322,000 (15 )

$1,222,000 (19 )

$837,000 (9 )

45.2%

Northcote

$1,071,300

$1,068,950

0.6%

$1,056,700

1.2%

$914,550

16.9%

$545,200

96.1%

41.2 % (2014 )

$1,140,250 (20 )

$1,121,000 (27 )

$1,161,000 (31 )

$974,500 (46 )

$737,000 (25 )

54.7%

Northcote Point

$1,405,100

$1,398,450

1.1%

$1,364,050

2.5%

$1,194,850

17.0%

$738,300

89.4%

30.1 % (2014 )

$1,044,000 (8 )

$1,065,000 (7 )

$1,254,000 (19 )

$1,317,500 (14 )

$1,053,000 (18 )

-0.9%

Northcross

$1,106,850

$1,105,650

1.1%

$1,074,800

2.9%

$931,100

18.7%

$567,600

94.8%

41.6 % (2014 )

$955,000 (15 )

$954,500 (16 )

$1,092,000 (25 )

$941,000 (21 )

$696,850 (16 )

37.0%

Oteha

$890,500

$894,450

1.8%

$862,600

3.7%

$745,650

20.0%

$497,800

79.7%

44.9 % (2014 )

$703,000 (22 )

$675,000 (23 )

$835,000 (33 )

$684,000 (39 )

$652,000 (46 )

7.8%

Pinehill

$1,376,400

$1,374,150

3.2%

$1,325,450

3.7%

$1,135,500

21.0%

$733,900

87.2%

38.8 % (2014 )

$1,323,250 (8 )

$1,155,000 (6 )

$1,445,000 (15 )

$1,330,000 (16 )

$840,575 (16 )

57.4%

Rothesay Bay

$1,404,300

$1,401,450

0.7%

$1,362,100

2.9%

$1,159,300

20.9%

$738,500

89.8%

38.1 % (2014 )

$1,260,000 (11 )

$955,000 (8 )

$1,251,000 (22 )

$1,020,500 (24 )

$818,000 (14 )

54.0%

Schnapper Rock

$1,359,250

$1,392,850

2.6%

$1,351,050

3.1%

$1,121,400

24.2%

$793,400

75.6%

34.3 % (2014 )

$1,380,000 (9 )

$1,230,000 (11 )

$1,387,500 (16 )

$1,137,500 (36 )

$961,250 (26 )

43.6%

Stanley Point

$1,958,450

$1,951,300

-1.4%

$1,881,700

3.7%

$1,674,900

16.5%

$1,114,200

75.1%

43.9 % (2014 )

$2,050,000 (1 )

$1,765,000 (4 )

$1,881,500 (3 )

$1,402,500 (12 )

$1,105,500 (8 )

85.4%

Sunnynook

$1,023,050

$1,017,450

-0.8%

$990,850

2.7%

$885,450

14.9%

$473,900

114.7%

39.8 % (2014 )

$1,009,000 (22 )

$981,000 (19 )

$874,000 (25 )

$902,500 (36 )

$683,000 (22 )

47.7%

Takapuna

$1,667,300

$1,654,850

-0.3%

$1,575,000

5.1%

$1,397,750

18.4%

$934,700

77.0%

49.5 % (2014 )

$1,007,000 (27 )

$1,090,500 (26 )

$1,855,000 (35 )

$1,288,500 (64 )

$977,000 (45 )

3.1%

Torbay

$1,049,800

$1,049,850

2.8%

$1,017,500

3.2%

$876,650

19.8%

$554,300

89.4%

35.5 % (2014 )

$946,680 (43 )

$914,000 (48 )

$936,000 (84 )

$838,800 (118 )

$722,000 (77 )

31.1%

Totara Vale

$863,550

$869,400

-0.7%

$823,550

5.6%

$754,750

15.2%

$432,700

100.9%

35.9 % (2014 )

$772,000 (21 )

$789,800 (21 )

$710,500 (29 )

$743,000 (46 )

$572,000 (31 )

35.0%

Unsworth Heights

$988,350

$998,400

-0.8%

$950,700

5.0%

$818,300

22.0%

$533,000

87.3%

41.0 % (2014 )

$968,500 (18 )

$914,500 (16 )

$950,800 (29 )

$838,500 (32 )

$665,000 (34 )

45.6%

Waiake

$1,399,050

$1,399,750

0.3%

$1,340,750

4.4%

$1,189,250

17.7%

$818,500

71.0%

30.1 % (2014 )

$1,185,000 (9 )

$1,095,500 (8 )

$1,269,000 (7 )

$1,192,000 (11 )

$789,000 (11 )

50.2%

Windsor Park

$1,164,750

$1,165,600

-0.1%

$1,083,950

7.5%

$950,050

22.7%

$583,900

99.6%

46.1 % (2014 )

$1,235,000 (3 )

$1,143,000 (5 )

$945,000 (7 )

$1,367,000 (7 )

$619,833 (8 )

99.2%

WAITAKERE Glen Eden Glendene

$723,950 $756,300

$722,800 $757,050

-1.5% -1.2%

$710,800 $749,800

1.7% 1.0%

$615,050 $649,300

17.5% 16.6%

$359,000 $388,600

101.3% 94.8%

45.3 % (2014 ) 49.9 % (2014 )

$686,700 (67 ) $743,000 (20 )

$709,000 (55 ) $692,000 (23 )

$682,000 (111 ) $748,000 (38 )

$602,000 (114 ) $623,000 (44 )

$467,500 (106 ) $513,250 (30 )

46.9% 44.8%

Smart property decisions start here

13

September 4, 2017 | PROPERTY REPORT

E-Valuer estimate of median value at

E-Valuer estimate of median value at

31JUL2017

30JUN2017

E-Valuer price change in 3 months to

E-Valuer estimate of

E-Valuer price

E-Valuer estimate of

E-Valuer price

median value at 30JUN2016

change in year to 30JUN2017

median value at 30JUN2015

change in 2 years to

30JUN2017

30JUN2017

E-Valuer estimate of E-Valuer price Sales price in 3 months to median value at change since 31MAY2017 in relation to CV market peak market peak (CV date in brackets) (31OCT2007)

(31OCT2007)

Median price in 3 months to 31MAY2017

Median price in 3 months to 31MAR2017

Median price in 3 months to 30JUN2016

Median price in 3 months to 30JUN2015

Median price in 3 months to 30JUN2014

(no. of sales in brackets)

(no. of sales in brackets)

(no. of sales in brackets)

(no. of sales in brackets)

(no. of sales in brackets)

Median price change in 3 years to 30JUN2017

Green Bay

$901,250

$901,550

-2.4%

$872,800

3.3%

$775,650

16.2%

$471,300

91.3%

43.3 % (2014 )

$794,000 (9 )

$818,352 (10 )

$854,500 (20 )

$722,000 (15 )

$687,000 (9 )

15.6%

Henderson

$764,600

$768,100

-1.9%

$752,150

2.1%

$648,750

18.4%

$401,800

91.2%

47.9 % (2014 )

$712,400 (108 )

$687,000 (93 )

$759,500 (200 )

$631,000 (221 )

$512,500 (164 )

39.0%

Hobsonville

$955,250

$961,250

-0.3%

$900,450

6.8%

$796,300

20.7%

$511,000

88.1%

42.0 % (2014 )

$880,000 (39 )

$897,000 (33 )

$905,000 (78 )

$794,000 (79 )

$597,050 (54 )

47.4%

Kelston

$734,450

$734,400

-1.5%

$711,050

3.3%

$623,200

17.8%

$341,600

115.0%

53.1 % (2014 )

$697,000 (10 )

$699,000 (6 )

$684,000 (27 )

$635,000 (25 )

$500,000 (15 )

39.4%

Laingholm

$857,700

$860,850

3.5%

$760,250

13.2%

$661,200

30.2%

$495,300

73.8%

60.7 % (2014 )

$749,075 (6 )

$810,000 (3 )

$847,000 (7 )

$635,000 (5 )

$547,000 (8 )

36.9%

Massey

$762,300

$760,700

1.0%

$733,000

3.8%

$642,400

18.4%

$382,900

98.7%

50.8 % (2014 )

$715,000 (81 )

$702,000 (87 )

$694,500 (146 )

$629,000 (172 )

$474,000 (142 )

50.8%

New Lynn

$750,050

$754,350

-0.9%

$728,950

3.5%

$627,100

20.3%

$352,700

113.9%

51.8 % (2014 )

$703,000 (46 )

$703,000 (60 )

$723,000 (98 )

$544,000 (128 )

$475,500 (112 )

47.8%

Piha

$1,019,600

$1,018,500

0.7%

$949,050

7.3%

$834,850

22.0%

$768,700

32.5%

43.4 % (2014 )

$731,000 (3 )

$819,000 (5 )

$672,500 (6 )

$743,500 (6 )

$540,000 (7 )

35.4%

Ranui

$701,000

$701,800

-0.1%

$666,750

5.3%

$580,350

20.9%

$346,500

102.5%

45.6 % (2014 )

$666,000 (32 )

$667,500 (40 )

$663,000 (75 )

$555,000 (69 )

$438,000 (51 )

52.1%

Sunnyvale

$725,100

$728,700

-1.0%

$700,650

4.0%

$602,400

21.0%

$369,600

97.2%

47.2 % (2014 )

$651,000 (21 )

$647,000 (21 )

$664,000 (29 )

$552,000 (39 )

$417,000 (25 )

56.1%

Swanson

$840,150

$836,850

-0.8%

$794,100

5.4%

$695,250

20.4%

$460,800

81.6%

53.9 % (2014 )

$788,000 (21 )

$847,000 (13 )

$802,500 (30 )

$633,000 (19 )

$532,050 (16 )

48.1%

Te Atatu Peninsula

$939,450

$937,400

-0.2%

$937,950

-0.1%

$809,050

15.9%

$457,600

104.9%

45.7 % (2014 )

$846,000 (39 )

$903,500 (42 )

$953,000 (79 )

$767,500 (52 )

$624,000 (57 )

35.6%

Te Atatu South

$808,900

$806,250

-1.7%

$809,950

-0.5%

$699,900

15.2%

$404,600

99.3%

39.2 % (2014 )

$802,000 (40 )

$787,500 (30 )

$742,000 (81 )

$684,500 (86 )

$560,000 (62 )

43.2%

Titirangi

$946,300

$950,950

-1.1%

$906,650

4.9%

$806,350

17.9%

$520,900

82.6%

39.9 % (2014 )

$858,000 (42 )

$910,000 (45 )

$850,000 (61 )

$773,500 (88 )

$619,000 (65 )

38.6%

West Harbour

$999,950

$1,005,750

-2.4%

$994,900

1.1%

$869,750

15.6%

$546,400

84.1%

51.3 % (2014 )

$894,000 (24 )

$856,000 (31 )

$966,500 (48 )

$845,800 (69 )

$690,500 (54 )

29.5%

AUCKLAND AUCKLAND CENTRAL

$518,750

$481,200

7.8%

$281,800

17.6%

$405,200

40.3 % (2014 )

$849,000 (44 )

$407,000 (380 ) $807,000 (84 )

$368,500 (390 ) $676,000 (105 )

$265,000 (255 )

3.6%

$427,000 (243 ) $874,000 (47 )

$409,000 (223 )

$813,150

84.0% 107.9%

60.0 % (2014 )

1.3%

$396,900 $716,350

30.7%

$850,350

$518,600 $842,250

2.6%

Avondale

$534,000 (77 )

61.1% 63.7%

Blockhouse Bay

$1,008,400

$1,005,700

2.3%

$972,850

3.4%

$864,700

16.3%

$475,000

111.7%

37.5 % (2014 )

$925,000 (29 )

$893,000 (26 )

$899,000 (60 )

$852,000 (69 )

$617,000 (40 )

49.9%

Eden Terrace

$665,600

$672,250

0.6%

$625,650

7.4%

$534,800

25.7%

$361,500

86.0%

62.1 % (2014 )

$643,500 (16 )

$546,000 (20 )

$567,000 (35 )

$467,000 (33 )

$377,000 (20 )

70.7%

Ellerslie

$1,019,400

$1,024,750

-0.3%

$995,700

2.9%

$870,800

17.7%

$490,000

109.1%

42.3 % (2014 )

$1,033,000 (40 )

$1,107,000 (39 )

$886,000 (48 )

$842,000 (63 )

$680,000 (60 )

51.9%

Epsom

$1,852,650

$1,855,100

0.1%

$1,821,250

1.9%

$1,605,000

15.6%

$908,100

104.3%

35.6 % (2014 )

$1,898,000 (44 )

$1,787,000 (47 )

$1,790,500 (66 )

$1,320,000 (91 )

$1,005,000 (59 )

88.9%

Freemans Bay

$1,335,000

$1,333,400

-1.5%

$1,282,200

4.0%

$1,143,100

16.6%

$683,900

95.0%

29.6 % (2014 )

$1,535,000 (28 )

$1,355,000 (25 )

$1,090,000 (52 )

$1,422,000 (27 )

$721,500 (28 )

112.8%

Glen Innes

$980,350

$976,900

-0.1%

$973,400

0.4%

$858,700

13.8%

$418,500

133.4%

57.0 % (2014 )

$1,054,000 (21 )

$1,054,500 (16 )

$1,058,000 (19 )

$905,000 (27 )

$734,000 (16 )

43.6%

Glendowie

$1,624,950

$1,627,250

-1.9%

$1,575,100

3.3%

$1,434,850

13.4%

$817,800

99.0%

41.3 % (2014 )

$1,365,000 (29 )

$1,647,000 (25 )

$1,485,000 (43 )

$1,180,500 (34 )

$1,085,000 (35 )

25.8%

Grafton

$548,850

$548,750

1.9%

$505,500

8.6%

$436,550

25.7%

$317,900

72.6%

33.6 % (2014 )

$382,000 (23 )

$300,000 (24 )

$640,000 (19 )

$318,000 (33 )

$267,000 (33 )

43.1%

Greenlane

$1,490,350

$1,485,350

0.0%

$1,455,400

2.1%

$1,276,350

16.4%

$725,100

104.8%

36.7 % (2014 )

$1,307,000 (17 )

$1,304,500 (12 )

$1,327,500 (34 )

$1,189,500 (40 )

$836,000 (34 )

56.3% 34.0%

Grey Lynn

$1,388,950

$1,377,350

-1.5%

$1,316,800

4.6%

$1,186,900

16.0%

$654,100

110.6%

38.7 % (2014 )

$1,185,500 (64 )

$1,209,000 (51 )

$1,197,000 (67 )

$1,053,500 (66 )

$885,000 (57 )

Herne Bay

$2,473,450

$2,481,050

-1.7%

$2,320,450

6.9%

$2,076,700

19.5%

$1,466,000

69.2%

43.4 % (2014 )

$1,502,000 (13 )

$2,333,500 (6 )

$2,120,000 (16 )

$1,989,000 (26 )

$1,181,500 (14 )

27.1%

Hillsborough

$1,121,200

$1,110,400

-0.5%

$1,096,000

1.3%

$968,950

14.6%

$580,000

91.4%

42.1 % (2014 )

$867,000 (19 )

$875,000 (21 )

$964,000 (35 )

$939,180 (33 )

$684,000 (26 )

26.8% 82.6%

Kingsland

$1,118,650

$1,125,750

0.6%

$1,140,500

-1.3%

$987,000

14.1%

$538,300

109.1%

36.4 % (2014 )

$1,204,000 (13 )

$1,259,000 (11 )

$870,000 (13 )

$592,000 (27 )

$659,500 (14 )

Kohimarama

$1,729,950

$1,733,800

-1.6%

$1,634,000

6.1%

$1,447,350

19.8%

$934,600

85.5%

38.5 % (2014 )

$1,556,000 (38 )

$1,629,000 (24 )

$1,682,000 (32 )

$1,455,000 (31 )

$1,103,500 (22 )

41.0%

Lynfield

$1,048,100

$1,039,100

-2.0%

$1,026,850

1.2%

$895,000

16.1%

$542,100

91.7%

50.0 % (2014 )

$997,000 (8 )

$1,666,000 (5 )

$814,000 (14 )

$787,000 (18 )

$639,500 (18 )

55.9%

Meadowbank

$1,287,800

$1,289,250

-0.1%

$1,268,850

1.6%

$1,120,600

15.0%

$606,600

112.5%

44.3 % (2014 )

$1,339,000 (23 )

$1,165,000 (19 )

$1,435,000 (21 )

$1,161,500 (30 )

$838,500 (16 )

59.7%

Mission Bay

$1,772,200

$1,766,600

-1.1%

$1,650,500

7.0%

$1,471,150

20.1%

$948,500

86.3%

47.1 % (2014 )

$1,438,000 (16 )

$1,629,500 (18 )

$1,866,000 (28 )

$1,205,000 (28 )

$1,272,000 (21 )

13.1%

Morningside

$1,056,200

$1,062,100

0.7%

$1,045,850

1.6%

$909,650

16.8%

$507,900

109.1%

64.6 % (2014 )

$692,000 (20 )

$1,212,000 (11 )

$693,000 (21 )

$525,000 (19 )

$442,500 (24 )

56.4%

Mount Albert

$1,096,550

$1,092,000

-1.1%

$1,081,150

1.0%

$939,400

16.2%

$517,900

110.9%

48.8 % (2014 )

$1,049,000 (58 )

$1,096,000 (35 )

$943,000 (83 )

$955,000 (81 )

$688,750 (72 )

52.3%

Mount Eden

$1,438,300

$1,440,850

-1.6%

$1,408,700

2.3%

$1,246,550

15.6%

$688,600

109.2%

46.2 % (2014 )

$1,302,000 (78 )

$1,499,500 (60 )

$1,312,000 (95 )

$1,201,000 (96 )

$969,500 (112 )

34.3%

Mount Roskill

$980,400

$975,950

-0.2%

$966,300

1.0%

$848,200

15.1%

$475,700

105.2%

38.4 % (2014 )

$885,500 (62 )

$912,000 (51 )

$874,000 (109 )

$897,500 (114 )

$643,500 (103 )

37.6%

Mount Wellington New Windsor

$782,100 $1,027,200

$779,850 $1,012,300

-3.0% 3.2%

$775,500 $986,450

0.6% 2.6%

$673,900 $874,300

15.7% 15.8%

$385,800 $458,400

102.1% 120.8%

47.2 % (2014 ) 38.3 % (2014 )

$724,000 (83 ) $982,000 (10 )

$790,000 (71 ) $954,000 (11 )

$709,750 (122 ) $985,750 (18 )

$634,000 (131 ) $883,000 (31 )

$511,500 (103 ) $757,000 (23 )

41.5% 29.7% 142.4%

Newmarket

$740,550

$726,900

0.6%

$714,250

1.8%

$615,450

18.1%

N/A

N/A

47.3 % (2014 )

$686,000 (12 )

$799,500 (6 )

$652,000 (4 )

$713,000 (13 )

$283,000 (5 )

One Tree Hill

$1,081,050

$1,076,900

-0.9%

$1,060,950

1.5%

$924,300

16.5%

$520,500

106.9%

41.9 % (2014 )

$1,107,000 (15 )

$1,141,500 (12 )

$905,500 (18 )

$927,000 (22 )

$637,500 (17 )

73.6%

Onehunga

$940,450

$937,500

-0.9%

$913,200

2.7%

$803,000

16.7%

$464,300

101.9%

46.3 % (2014 )

$928,000 (62 )

$873,000 (57 )

$902,500 (84 )

$718,000 (109 )

$649,000 (93 )

43.0%

Oneroa

$1,223,750

$1,228,550

-3.3%

$1,153,150

6.5%

$1,013,050

21.3%

$688,100

78.5%

52.5 % (2014 )

$1,038,500 (14 )

$993,000 (18 )

$1,044,500 (28 )

$730,000 (23 )

$895,000 (23 )

16.0%

Onetangi

$1,203,250

$1,238,900

-0.7%

$1,157,550

7.0%

$1,029,200

20.4%

$739,500

67.5%

76.7 % (2014 )

$1,066,000 (8 )

$1,314,000 (7 )

$767,000 (14 )

$673,000 (17 )

$579,500 (12 )

84.0%

Orakei

$1,773,450

$1,779,750

-1.5%

$1,698,050

4.8%

$1,519,250

17.1%

$988,300

80.1%

36.4 % (2014 )

$1,775,000 (16 )

$1,522,400 (20 )

$1,419,000 (29 )

$1,384,000 (28 )

$1,015,000 (27 )

74.9%

Ostend

$913,350

$927,600

0.3%

$861,100

7.7%

$721,100

28.6%

$515,500

79.9%

66.7 % (2014 )

$720,000 (7 )

$834,000 (13 )

$823,500 (16 )

$651,000 (14 )

$472,500 (8 )

52.4%

Otahuhu

$619,000

$623,500

0.7%

$604,050

3.2%

$502,650

24.0%

$298,700

108.7%

60.9 % (2014 )

$645,000 (21 )

$600,500 (28 )

$615,000 (49 )

$564,000 (53 )

$484,000 (29 )

33.3%

Panmure

$813,700

$808,550

-2.0%

$806,150

0.3%

$713,600

13.3%

$403,300

100.5%

51.2 % (2014 )

$754,000 (19 )

$913,000 (13 )

$764,000 (25 )

$742,000 (31 )

$539,000 (15 )

39.9%

Parnell

$1,626,450

$1,626,300

-0.6%

$1,519,800

7.0%

$1,388,150

17.2%

$915,800

77.6%

34.1 % (2014 )

$1,350,000 (29 )

$1,644,500 (32 )

$1,100,000 (44 )

$1,289,500 (66 )

$912,000 (57 )

48.0%

Point Chevalier

$1,459,650

$1,447,200

-0.1%

$1,380,500

4.8%

$1,238,700

16.8%

$667,500

116.8%

41.4 % (2014 )

$1,230,250 (26 )

$1,365,000 (29 )

$1,264,000 (34 )

$1,050,000 (32 )

$917,000 (27 )

34.2%

Point England

$926,500

$925,450

0.5%

$905,850

2.2%

$808,300

14.5%

$397,500

132.8%

49.7 % (2014 )

$827,000 (9 )

$1,031,500 (6 )

$772,000 (13 )

$848,500 (10 )

$622,000 (7 )

33.0% 30.6%

Ponsonby

$1,775,850

$1,773,500

1.2%

$1,676,450

5.8%

$1,499,350

18.3%

$853,500

107.8%

43.1 % (2014 )

$1,894,000 (31 )

$1,699,500 (20 )

$1,590,000 (33 )

$1,520,000 (35 )

$1,450,000 (27 )

Remuera

$2,005,900

$2,032,950

0.1%

$1,900,850

6.9%

$1,743,800

16.6%

$1,058,800

92.0%

40.3 % (2014 )

$1,599,000 (113 )

$1,584,000 (84 )

$1,642,500 (162 )

$1,662,500 (172 )

$1,285,000 (137 )

24.4%

Royal Oak

$1,149,500

$1,137,550

-0.8%

$1,107,900

2.7%

$998,150

14.0%

$561,700

102.5%

48.8 % (2014 )

$1,147,000 (13 )

$893,500 (10 )

$1,093,500 (20 )

$1,088,500 (32 )

$578,000 (16 )

98.4%

Saint Johns

$1,206,950

$1,202,100

0.8%

$1,132,000

6.2%

$1,026,950

17.1%

$600,800

100.1%

46.6 % (2014 )

$1,137,000 (23 )

$1,234,500 (18 )

$903,000 (35 )

$874,500 (34 )

$668,750 (25 )

70.0%

Saint Marys Bay

$2,152,100

$2,164,100

-2.1%

$2,087,200

3.7%

$1,881,050

15.0%

$1,212,900

78.4%

24.6 % (2014 )

$2,163,500 (8 )

$2,590,000 (3 )

$1,658,000 (16 )

$2,232,000 (7 )

$1,558,000 (17 )

38.9%

Sandringham

$1,092,500

$1,093,500

-0.5%

$1,085,550

0.7%

$948,800

15.3%

$504,400

116.8%

43.0 % (2014 )

$999,000 (45 )

$1,003,500 (38 )

$803,000 (55 )

$943,000 (63 )

$592,500 (42 )

68.6%

St Heliers

$1,690,750

$1,688,000

-2.0%

$1,613,600

4.6%

$1,445,750

16.8%

$927,200

82.1%

43.0 % (2014 )

$1,448,500 (56 )

$1,427,500 (52 )

$1,360,000 (81 )

$1,480,000 (77 )

$1,155,000 (73 )

25.4%

Stonefields

$1,296,950

$1,299,350

-0.7%

$1,242,850

4.5%

$1,087,300

19.5%

N/A

N/A

42.5 % (2014 )

$1,300,000 (27 )

$1,369,000 (15 )

$1,105,000 (61 )

$920,000 (63 )

$756,000 (57 )

72.0%

Surfdale

$871,750

$884,300

0.1%

$825,200

7.2%

$699,600

26.4%

$516,800

71.1%

72.0 % (2014 )

$897,000 (12 )

$854,000 (12 )

$740,000 (20 )

$665,000 (12 )

$592,000 (25 )

51.5%

Three Kings

$1,005,200

$993,500

-1.0%

$985,350

0.8%

$851,600

16.7%

$514,100

93.3%

53.0 % (2014 )

$770,000 (9 )

$668,000 (8 )

$1,203,000 (14 )

$704,250 (18 )

$507,000 (17 )

51.9%

Wai O Taiki Bay

$1,188,850

$1,188,400

-0.9%

$1,190,650

-0.2%

$1,062,550

11.8%

$528,600

124.8%

39.1 % (2014 )

$1,430,000 (7 )

$1,589,500 (2 )

$1,430,000 (4 )

$887,000 (5 )

$778,000 (2 )

83.8%

Waterview

$963,250

$953,050

2.4%

$907,650

5.0%

$833,450

14.3%

$453,200

110.3%

48.5 % (2014 )

$1,039,000 (10 )

$655,500 (6 )

$917,000 (21 )

$902,000 (20 )

$633,000 (18 )

64.1%

Westmere

$1,838,050

$1,809,050

-2.5%

$1,739,150

4.0%

$1,567,550

15.4%

$869,900

108.0%

38.6 % (2014 )

$1,734,500 (16 )

$1,713,500 (16 )

$1,640,000 (21 )

$1,388,500 (16 )

$1,042,000 (21 )

66.5%

MANUKAU Beachlands Botany Downs

$1,212,750

$1,214,350

0.4%

$1,111,900

9.2%

$956,050

27.0%

$659,700

84.1%

51.4 % (2014 )

$1,155,000 (38 )

$1,202,000 (37 )

$1,064,000 (51 )

$900,000 (38 )

$812,000 (23 )

42.2%

$999,300

$1,004,200

0.3%

$995,100

0.9%

$848,600

18.3%

$522,600

92.2%

35.8 % (2014 )

$929,500 (29 )

$919,000 (24 )

$944,500 (24 )

$830,500 (44 )

$665,500 (38 )

39.7%

Bucklands Beach

$1,291,400

$1,293,400

-0.4%

$1,256,900

2.9%

$1,049,650

23.2%

$650,000

99.0%

54.5 % (2014 )

$1,092,500 (22 )

$1,151,000 (29 )

$1,345,000 (53 )

$994,000 (53 )

$774,000 (43 )

41.1%

Burswood

$930,600

$948,400

1.3%

$922,700

2.8%

$803,800

18.0%

$474,700

99.8%

46.4 % (2014 )

$1,027,000 (9 )

$894,000 (9 )

$881,500 (12 )

$813,500 (12 )

$633,000 (10 )

62.2%

Clendon Park

$557,600

$560,800

-0.9%

$544,500

3.0%

$449,150

24.9%

$293,100

91.3%

58.1 % (2014 )

$550,500 (26 )

$554,000 (27 )

$524,000 (50 )

$429,000 (70 )

$341,000 (65 )

61.4%

Clover Park

$655,100

$653,700

-2.3%

$629,700

3.8%

$532,400

22.8%

$335,700

94.7%

61.1 % (2014 )

$635,200 (27 )

$647,000 (20 )

$624,000 (37 )

$532,000 (36 )

$424,000 (23 )

49.8%

Cockle Bay

$1,271,700

$1,285,200

0.5%

$1,246,700

3.1%

$1,041,900

23.4%

$694,800

85.0%

46.1 % (2014 )

$1,092,000 (12 )

$1,187,000 (15 )

$1,067,000 (32 )

$942,000 (31 )

$939,250 (24 )

16.3%

Dannemora

$1,459,700

$1,479,800

1.9%

$1,422,200

4.1%

$1,174,900

26.0%

$718,200

106.0%

43.8 % (2014 )

$1,850,000 (4 )

$1,500,000 (9 )

$1,285,000 (17 )

$1,065,000 (15 )

$1,011,500 (10 )

82.9% 44.6%

East Tamaki

$884,850

$885,450

-0.4%

$864,300

2.4%

$736,500

20.2%

$471,000

88.0%

48.5 % (2014 )

$979,500 (34 )

$1,007,000 (27 )

$600,500 (38 )

$760,800 (51 )

$677,500 (36 )

East Tamaki Heights

$1,330,500

$1,339,950

1.7%

$1,294,800

3.5%

$1,049,550

27.7%

$697,600

92.1%

44.6 % (2014 )

$1,315,000 (13 )

$1,177,000 (16 )

$1,261,000 (18 )

$986,999 (33 )

$891,000 (24 )

47.6%

Eastern Beach

$1,567,350

$1,583,850

2.4%

$1,444,250

9.7%

$1,246,000

27.1%

$792,500

99.9%

49.3 % (2014 )

$1,325,000 (3 )

$1,094,500 (4 )

$1,479,000 (9 )

$1,396,000 (9 )

$1,025,000 (14 )

29.3%

Farm Cove

$1,338,300

$1,330,500

0.6%

$1,342,550

-0.9%

$1,135,050

17.2%

$674,900

97.1%

43.0 % (2014 )

$1,188,500 (10 )

$1,217,000 (11 )

$1,518,500 (14 )

$1,011,000 (14 )

$689,000 (3 )

72.5%

Smart property decisions start here

14

September 4, 2017 | PROPERTY REPORT

E-Valuer estimate of median value at

E-Valuer estimate of median value at

31JUL2017

30JUN2017

E-Valuer price change in 3 months to

E-Valuer estimate of

E-Valuer price

E-Valuer estimate of

E-Valuer price

median value at 30JUN2016

change in year to 30JUN2017

median value at 30JUN2015

change in 2 years to

30JUN2017

E-Valuer estimate of E-Valuer price Sales price in 3 months to median value at change since 31MAY2017 in relation to CV market peak market peak (CV date in brackets)

30JUN2017

(31OCT2007)

Median price in 3 months to 31MAY2017

Median price in 3 months to 31MAR2017

Median price in 3 months to 30JUN2016

Median price in 3 months to 30JUN2015

Median price in 3 months to 30JUN2014

(no. of sales in brackets)

(no. of sales in brackets)

(no. of sales in brackets)

(no. of sales in brackets)

(no. of sales in brackets)

(31OCT2007)

Median price change in 3 years to 30JUN2017

Favona

$667,850

$668,300

-1.3%

$632,500

5.7%

$530,850

25.9%

$346,600

92.8%

54.8 % (2014 )

$684,000 (25 )

$644,000 (21 )

$706,000 (35 )

$569,304 (66 )

$453,000 (22 )

51.0%

Flat Bush

$1,040,300

$1,043,150

0.0%

$1,046,650

-0.3%

$849,050

22.9%

$582,800

79.0%

41.1 % (2014 )

$1,062,500 (96 )

$1,039,000 (95 )

$951,000 (171 )

$893,000 (215 )

$753,500 (194 )

41.0%

Golflands

53.6%

$1,052,550

$1,042,550

-3.7%

$1,090,300

-4.4%

$901,800

15.6%

$551,600

89.0%

30.6 % (2014 )

$962,000 (11 )

$1,050,000 (7 )

$1,123,500 (22 )

$767,000 (17 )

$626,500 (11 )

Goodwood Heights

$876,150

$879,050

1.5%

$851,400

3.2%

$729,600

20.5%

$526,300

67.0%

48.4 % (2014 )

$780,800 (14 )

$753,000 (11 )

$739,000 (21 )

$684,000 (31 )

$516,500 (17 )

51.2%

Half Moon Bay

$1,216,500

$1,220,200

-0.5%

$1,199,650

1.7%

$995,650

22.6%

$619,100

97.1%

40.2 % (2014 )

$1,005,500 (18 )

$954,000 (29 )

$1,024,500 (40 )

$943,500 (42 )

$683,000 (48 )

47.2%

Highland Park

$909,500

$905,150

-3.1%

$910,550

-0.6%

$761,450

18.9%

$472,900

91.4%

39.1 % (2014 )

$951,000 (18 )

$960,000 (11 )

$910,000 (26 )

$724,500 (22 )

$627,000 (15 )

51.7%

Howick

$985,000

$993,300

0.2%

$951,450

4.4%

$821,800

20.9%

$512,000

94.0%

42.1 % (2014 )

$988,000 (41 )

$877,000 (41 )

$924,000 (67 )

$787,000 (93 )

$640,500 (58 )

54.3%

Mangere

$670,300

$660,150

-2.3%

$637,600

3.5%

$544,200

21.3%

$339,800

94.3%

52.3 % (2014 )

$642,000 (27 )

$642,000 (35 )

$639,000 (41 )

$549,000 (69 )

$423,000 (45 )

51.8%

Mangere Bridge

$964,850

$967,550

-1.9%

$930,000

4.0%

$783,900

23.4%

$455,700

112.3%

47.7 % (2014 )

$853,000 (28 )

$925,000 (19 )

$800,500 (46 )

$786,000 (32 )

$605,000 (38 )

41.0%

Mangere East

$645,200

$641,300

-2.0%

$617,500

3.9%

$519,550

23.4%

$317,000

102.3%

58.5 % (2014 )

$620,000 (25 )

$623,000 (33 )

$644,000 (80 )

$497,000 (98 )

$429,000 (85 )

44.5%

Manurewa

$648,850

$649,200

0.2%

$629,200

3.2%

$527,300

23.1%

$336,800

92.8%

58.5 % (2014 )

$628,250 (110 )

$613,000 (142 )

$595,500 (254 )

$498,000 (288 )

$386,000 (206 )

62.8%

Manurewa East

$609,000

$605,000

-2.4%

$589,200

2.7%

$504,950

19.8%

$321,400

88.2%

63.3 % (2014 )

$594,000 (13 )

$614,500 (8 )

$612,000 (19 )

$527,000 (23 )

$407,000 (8 )

45.9%

Maraetai

$1,309,000

$1,308,850

1.7%

$1,200,200

9.1%

$1,002,700

30.5%

$748,500

74.9%

53.7 % (2014 )

$1,030,000 (5 )

$1,015,500 (6 )

$930,000 (21 )

$921,500 (22 )

$752,000 (23 )

37.0%

Mellons Bay

$1,610,300

$1,632,950

1.0%

$1,550,600

5.3%

$1,336,650

22.2%

$812,100

101.1%

59.2 % (2014 )

$1,418,500 (12 )

$1,331,000 (10 )

$1,485,000 (19 )

$1,161,000 (18 )

$947,000 (17 )

49.8%

Northpark

$1,139,700

$1,156,650

1.1%

$1,187,300

-2.6%

$975,700

18.5%

$585,100

97.7%

45.0 % (2014 )

$1,075,000 (15 )

$1,034,500 (10 )

$1,212,000 (23 )

$941,000 (26 )

$765,000 (17 )

40.5%

Otara

$573,500

$564,900

-2.8%

$541,100

4.4%

$456,600

23.7%

$280,300

101.5%

57.9 % (2014 )

$524,500 (18 )

$541,000 (27 )

$544,000 (35 )

$452,500 (42 )

$332,000 (42 )

58.0%

Pakuranga

$942,700

$944,850

-0.8%

$921,350

2.6%

$774,950

21.9%

$467,900

101.9%

45.5 % (2014 )

$830,700 (21 )

$854,000 (23 )

$848,000 (47 )

$736,400 (58 )

$572,000 (41 )

45.2%

Pakuranga Heights

$925,100

$923,700

-0.2%

$902,400

2.4%

$779,450

18.5%

$448,500

106.0%

44.4 % (2014 )

$907,000 (25 )

$882,000 (19 )

$914,500 (30 )

$723,750 (56 )

$629,500 (44 )

44.1%

Papatoetoe

$707,450

$705,800

-0.7%

$688,100

2.6%

$578,750

22.0%

$368,200

91.7%

56.5 % (2014 )

$666,500 (100 )

$683,000 (107 )

$673,500 (238 )

$560,000 (269 )

$449,000 (225 )

48.4%

Randwick Park

$606,600

$607,800

0.2%

$582,400

4.4%

$482,800

25.9%

$323,600

87.8%

55.5 % (2014 )

$622,000 (16 )

$643,000 (12 )

$544,000 (38 )

$407,000 (49 )

$360,000 (33 )

72.8%

Shelly Park

$1,246,200

$1,262,100

-0.4%

$1,237,650

2.0%

$1,041,150

21.2%

$706,300

78.7%

33.4 % (2014 )

$1,281,000 (4 )

$980,000 (8 )

$1,095,000 (13 )

$987,000 (21 )

$890,000 (25 )

43.9%

Somerville

$1,190,500

$1,202,100

0.0%

$1,197,450

0.4%

$1,013,000

18.7%

$633,800

89.7%

32.6 % (2014 )

$1,085,500 (12 )

$1,083,500 (12 )

$1,080,000 (20 )

$990,000 (18 )

$785,000 (23 )

38.3%

Sunnyhills

$1,269,200

$1,272,650

0.4%

$1,270,850

0.1%

$1,064,950

19.5%

$638,900

99.2%

40.6 % (2014 )

$1,187,000 (15 )

$1,183,500 (14 )

$1,152,000 (21 )

$918,000 (26 )

$873,000 (20 )

36.0%

The Gardens

$1,051,050

$1,042,350

2.1%

$983,600

6.0%

$841,300

23.9%

$620,800

67.9%

37.0 % (2014 )

$945,500 (12 )

$962,000 (13 )

$953,000 (22 )

$850,000 (27 )

$776,500 (18 )

21.8%

Totara Heights

$847,550

$848,850

2.0%

$805,950

5.3%

$699,550

21.3%

$487,300

74.2%

39.2 % (2014 )

$734,000 (9 )

$727,000 (8 )

$704,000 (17 )

$789,000 (9 )

$549,400 (13 )

33.6%

Wattle Downs

$810,650

$807,800

1.6%

$769,100

5.0%

$661,550

22.1%

$449,400

79.8%

38.6 % (2014 )

$772,000 (21 )

$792,800 (36 )

$729,000 (59 )

$682,000 (65 )

$538,750 (52 )

43.3%

Weymouth

$642,300

$637,900

-0.3%

$591,300

7.9%

$500,700

27.4%

$330,600

93.0%

59.2 % (2014 )

$639,000 (33 )

$624,000 (31 )

$531,000 (84 )

$494,000 (71 )

$421,000 (56 )

51.8%

PAPAKURA/FRANKLIN Clarks Beach Conifer Grove

$771,050

$769,550

-0.8%

$720,550

6.8%

$621,550

23.8%

$528,300

45.7%

34.6 % (2014 )

$664,000 (7 )

$664,000 (14 )

$622,000 (11 )

$567,000 (9 )

$479,000 (11 )

38.6%

$782,300

$782,550

-1.9%

$777,600

0.6%

$649,600

20.5%

$458,600

70.6%

50.8 % (2014 )

$783,825 (20 )

$814,000 (15 )

$777,000 (23 )

$664,250 (34 )

$534,000 (19 )

46.8%

Manukau

$551,700

$549,750

1.1%

$510,350

7.7%

$436,000

26.1%

$304,500

80.5%

55.5 % (2014 )

$535,000 (11 )

$553,000 (8 )

$522,500 (10 )

$376,000 (25 )

$287,500 (8 )

86.1%

Opaheke

$678,650

$683,850

-1.5%

$665,000

2.8%

$571,200

19.7%

$391,900

74.5%

48.2 % (2014 )

$570,500 (12 )

$681,500 (14 )

$649,000 (20 )

$521,000 (44 )

$450,000 (17 )

26.8% 35.6%

Pahurehure

$775,950

$776,500

1.9%

$726,300

6.9%

$628,600

23.5%

$444,100

74.8%

54.8 % (2014 )

$732,000 (16 )

$739,500 (22 )

$735,250 (22 )

$657,000 (22 )

$540,000 (18 )

Papakura

$598,700

$600,500

-1.4%

$577,450

4.0%

$479,300

25.3%

$324,400

85.1%

55.0 % (2014 )

$620,000 (121 )

$605,500 (110 )

$570,000 (175 )

$474,500 (213 )

$383,000 (141 )

61.9%

Pukekohe

$673,150

$673,200

0.9%

$632,150

6.5%

$551,800

22.0%

$406,400

65.6%

40.4 % (2014 )

$622,000 (139 )

$606,000 (146 )

$591,000 (209 )

$529,000 (177 )

$469,000 (130 )

32.6% 74.1%

Red Hill

$584,550

$591,450

-1.2%

$569,350

3.9%

$481,400

22.9%

$336,700

75.7%

58.3 % (2014 )

$729,500 (4 )

$637,500 (6 )

$526,000 (22 )

$443,000 (23 )

$419,000 (11 )

Rosehill

$664,800

$666,800

-1.3%

$644,950

3.4%

$541,700

23.1%

$374,300

78.1%

45.5 % (2014 )

$605,000 (13 )

$632,000 (12 )

$836,000 (31 )

$514,000 (28 )

$562,000 (19 )

7.7%

Takanini

$699,150

$699,550

-1.9%

$677,500

3.3%

$563,650

24.1%

$393,200

77.9%

48.7 % (2014 )

$684,000 (49 )

$678,000 (52 )

$709,500 (120 )

$617,000 (102 )

$482,500 (65 )

41.8%

Waiuku

$612,850

$611,650

0.1%

$563,150

8.6%

$471,600

29.7%

$377,600

62.0%

49.1 % (2014 )

$569,000 (31 )

$573,250 (56 )

$559,500 (78 )

$474,250 (98 )

$407,750 (64 )

39.5%

$291,000 $177,900

$287,850

$205,350 $137,100

$194,000 (43 ) $156,000 (32 )

$112,000 (10 )

$176,000 (9 ) $139,000 (16 )

60.5%

$162,000 (14 )

$292,500 (26 ) $151,500 (24 )

$196,250 (28 )

1.9%

42.2 % (2014 ) 21.0 % (2016 )

$282,500 (26 )

32.1%

$224,200 $177,800

28.4%

$145,550

26.2% 24.4%

40.2%

$181,100

2.5% 4.7%

$228,100

Kaikohe Kaitaia

$214,950

$215,300

3.0%

$186,250

15.6%

$164,550

30.8%

$214,200

0.5%

21.6 % (2016 )

$198,750 (20 )

$175,000 (31 )

$176,000 (29 )

$153,500 (32 )

$167,500 (25 )

18.7%

Kamo

$468,250

$466,850

1.8%

$403,500

15.7%

$342,800

36.2%

$360,900

29.4%

31.6 % (2015 )

$434,500 (56 )

$485,500 (56 )

$367,000 (97 )

$304,750 (90 )

$309,500 (67 )

40.4%

THE REGIONS

WHANGAREI/NORTHLAND Dargaville

16.5%

Kensington

$427,800

$429,700

3.4%

$370,450

16.0%

$306,100

40.4%

$344,000

24.9%

37.7 % (2015 )

$399,000 (47 )

$410,000 (37 )

$343,134 (44 )

$323,000 (38 )

$302,750 (20 )

31.8%

Kerikeri

$630,000

$632,000

2.8%

$551,200

14.7%

$471,550

34.0%

$508,700

24.2%

16.8 % (2016 )

$562,000 (45 )

$562,000 (53 )

$562,000 (77 )

$427,000 (67 )

$422,000 (55 )

33.2%

Mangawhai Heads

N/A

N/A

N/A

$694,300

N/A

$565,550

N/A

$552,800

N/A

50.6 % (2014 )

$662,000 (25 )

$659,000 (29 )

$589,500 (29 )

$459,000 (23 )

$485,000 (17 )

36.5%

Maunu

$590,100

$587,200

2.8%

$513,000

14.5%

$439,750

33.5%

$463,100

26.8%

34.8 % (2015 )

$523,000 (16 )

$503,000 (12 )

$498,250 (24 )

$418,000 (18 )

$351,000 (12 )

49.0%

Morningside

$376,200

$374,250

3.3%

$324,850

15.2%

$261,200

43.3%

$279,200

34.0%

30.0 % (2015 )

$369,000 (15 )

$366,000 (16 )

$314,500 (30 )

$247,500 (28 )

$226,500 (10 )

62.9%

One Tree Point

$691,450

$688,150

-0.7%

$596,650

15.3%

$513,600

34.0%

$574,000

19.9%

39.6 % (2015 )

$636,500 (19 )

$604,000 (17 )

$562,000 (27 )

$432,000 (19 )

$392,000 (17 )

62.4%

Onerahi

$430,300

$428,400

1.8%

$371,450

15.3%

$306,650

39.7%

$335,100

27.8%

32.2 % (2015 )

$394,000 (42 )

$387,000 (43 )

$357,000 (50 )

$293,500 (56 )

$259,000 (37 )

52.1%

Raumanga

$303,550

$301,700

3.4%

$256,800

17.5%

$203,550

48.2%

$244,800

23.2%

47.4 % (2015 )

$310,000 (20 )

$279,000 (29 )

$255,000 (47 )

$204,500 (28 )

$207,000 (18 )

49.8%

Ruakaka

$537,700

$533,400

0.4%

$448,100

19.0%

$375,150

42.2%

$397,700

34.1%

39.8 % (2015 )

$562,000 (15 )

$547,000 (24 )

$436,000 (11 )

$392,000 (21 )

$342,500 (14 )

64.1%

Tikipunga

$376,450

$380,100

2.6%

$330,200

15.1%

$274,850

38.3%

$296,900

28.0%

32.5 % (2015 )

$364,000 (41 )

$350,500 (38 )

$325,500 (51 )

$261,000 (44 )

$240,000 (14 )

51.7%

Whangarei Heads

$629,150

$629,500

1.1%

$549,150

14.6%

$485,900

29.6%

$541,600

16.2%

27.8 % (2015 )

$644,000 (8 )

$619,000 (15 )

$575,500 (4 )

$396,250 (2 )

$532,000 (2 )

21.1%

Whau Valley

$420,300

$421,300

0.6%

$362,600

16.2%

$299,600

40.6%

$343,700

22.6%

41.2 % (2015 )

$391,000 (18 )

$451,000 (8 )

$333,000 (13 )

$257,500 (13 )

$319,000 (9 )

22.6%

COROMANDEL/HAURAKI/MATAMATA Matamata $464,400

$461,600

5.1%

$386,350

3.1%

$569,500

44.7% 25.3%

$584,500

14.1%

45.1 % (2015 ) 24.7 % (2014 )

$451,500 (62 ) $539,000 (18 )

$471,250 (54 ) $579,000 (23 )

$369,000 (87 )

$667,200

$319,050 $532,550

44.2%

$667,900

19.5% 17.2%

$320,200

Matarangi

$406,000 (21 )

$304,000 (80 ) $323,000 (16 )

$306,500 (46 ) $335,000 (8 )

47.3% 60.9%

Morrinsville

$449,500

$448,050

2.3%

$370,100

21.1%

$311,700

43.7%

$315,400

42.1%

47.0 % (2015 )

$419,000 (46 )

$394,000 (55 )

$353,000 (63 )

$318,000 (60 )

$264,000 (31 )

58.7%

Paeroa

$357,900

$353,100

6.0%

$272,150

29.7%

$221,550

59.4%

$233,400

51.3%

65.0 % (2015 )

$326,500 (16 )

$328,000 (6 )

$251,000 (36 )

$232,784 (42 )

$226,000 (26 )

44.5%

Pauanui

$815,050

$804,000

2.6%

$703,250

14.3%

$630,850

27.4%

$684,500

17.5%

27.2 % (2014 )

$760,000 (25 )

$659,000 (29 )

$552,000 (33 )

$450,000 (35 )

$450,000 (18 )

68.9%

Tairua

$651,750

$653,750

1.8%

$556,150

17.5%

$497,300

31.5%

$537,000

21.7%

33.8 % (2014 )

$554,000 (16 )

$496,000 (23 )

$444,000 (33 )

$347,500 (14 )

$381,500 (18 )

45.2%

Te Aroha

$380,400

$379,050

1.8%

$306,850

23.5%

$258,850

46.4%

$266,200

42.4%

47.6 % (2015 )

$353,500 (28 )

$349,500 (30 )

$294,000 (54 )

$258,500 (35 )

$232,500 (22 )

52.0%

Thames

$464,900

$467,200

0.0%

$407,850

14.6%

$333,350

40.2%

$336,800

38.7%

52.2 % (2014 )

$463,500 (48 )

$443,000 (60 )

$389,500 (66 )

$326,500 (86 )

$296,000 (45 )

56.6%

Waihi Whangamata

$358,550 $735,900

$355,750 $723,600

2.5% 0.9%

$284,200 $598,850

25.2% 20.8%

$230,000 $516,800

54.7% 40.0%

$256,700 $533,000

38.6% 35.8%

63.5 % (2015 ) 49.7 % (2014 )

$336,000 (25 ) $700,000 (40 )

$336,000 (23 ) $690,000 (63 )

$300,000 (47 ) $534,000 (79 )

$224,500 (46 ) $426,000 (69 )

$195,500 (26 ) $424,000 (57 )

71.9% 65.1%

Whitianga

$625,550

$621,400

1.5%

$521,600

19.1%

$453,850

36.9%

$476,200

30.5%

44.2 % (2014 )

$515,000 (53 )

$523,500 (56 )

$468,000 (92 )

$395,500 (54 )

$335,000 (39 )

53.7%

$363,600 $613,300

$364,700 $617,200

0.7% 0.9%

$376,650 $595,950

-3.2% 3.6%

$279,150 $482,500

30.6% 27.9%

$257,900 $432,700

41.4% 42.6%

23.7 % (2015 ) 22.5 % (2015 )

$366,000 (9 ) $537,500 (10 )

$335,000 (7 ) $548,900 (8 )

$373,500 (11 ) $521,500 (12 )

$242,000 (11 ) $486,000 (11 )

$242,000 (10 ) $407,500 (12 )

51.2% 31.9% 40.5%

HAMILTON CITY Bader Beerescourt Chartwell

$533,800

$533,650

2.1%

$500,150

6.7%

$398,150

34.0%

$364,300

46.5%

24.7 % (2015 )

$536,000 (38 )

$506,500 (36 )

$517,000 (59 )

$366,500 (42 )

$381,550 (38 )

Claudelands

$509,300

$508,850

0.9%

$479,600

6.1%

$378,500

34.4%

$352,200

44.5%

19.4 % (2015 )

$467,000 (17 )

$464,000 (15 )

$435,500 (24 )

$348,000 (27 )

$339,500 (14 )

37.6%

Dinsdale

$472,000

$472,150

0.3%

$452,950

4.2%

$352,650

33.9%

$332,400

42.0%

23.7 % (2015 )

$439,000 (33 )

$459,000 (33 )

$464,500 (70 )

$351,500 (54 )

$319,500 (48 )

37.4% 44.4%

Enderley

$381,750

$381,250

1.8%

$368,900

3.3%

$268,800

41.8%

$270,100

41.2%

25.5 % (2015 )

$397,000 (17 )

$402,000 (9 )

$364,000 (27 )

$272,000 (23 )

$275,000 (15 )

Fairfield

$481,750

$481,000

1.3%

$456,850

5.3%

$357,300

34.6%

$340,600

41.2%

22.8 % (2015 )

$464,000 (21 )

$427,000 (19 )

$402,600 (48 )

$284,750 (50 )

$293,000 (23 )

58.4%

Fairview Downs

$457,600

$457,700

0.4%

$434,550

5.3%

$342,400

33.7%

$317,300

44.2%

20.3 % (2015 )

$481,350 (16 )

$478,000 (7 )

$424,000 (11 )

$356,000 (17 )

$238,000 (9 )

102.2%

Fitzroy

$499,000

$498,050

1.6%

$482,550

3.2%

$378,750

31.5%

$313,500

58.9%

23.1 % (2015 )

$580,750 (4 )

$524,000 (7 )

$486,500 (12 )

$290,000 (3 )

$312,500 (5 )

85.8%

Smart property decisions start here

15

September 4, 2017 | PROPERTY REPORT

E-Valuer estimate of median value at

E-Valuer estimate of median value at

31JUL2017

30JUN2017

E-Valuer price change in 3 months to

E-Valuer estimate of

E-Valuer price

E-Valuer estimate of

E-Valuer price

median value at 30JUN2016

change in year to 30JUN2017

median value at 30JUN2015

change in 2 years to

30JUN2017

E-Valuer estimate of E-Valuer price Sales price in 3 months to median value at change since 31MAY2017 in relation to CV market peak market peak (CV date in brackets)

30JUN2017

(31OCT2007)

Median price in 3 months to 31MAY2017

Median price in 3 months to 31MAR2017

Median price in 3 months to 30JUN2016

Median price in 3 months to 30JUN2015

Median price in 3 months to 30JUN2014

(no. of sales in brackets)

(no. of sales in brackets)

(no. of sales in brackets)

(no. of sales in brackets)

(no. of sales in brackets)

(31OCT2007)

Median price change in 3 years to 30JUN2017

Flagstaff

$733,200

$728,150

-0.3%

$711,700

2.3%

$587,600

23.9%

$490,700

48.4%

24.0 % (2015 )

$800,000 (63 )

$722,000 (53 )

$765,000 (97 )

$600,000 (69 )

$526,950 (78 )

51.8%

Forest Lake

$483,600

$487,050

1.6%

$470,550

3.5%

$369,600

31.8%

$323,900

50.4%

24.4 % (2015 )

$504,000 (11 )

$514,500 (12 )

$494,000 (21 )

$356,500 (20 )

$296,500 (7 )

70.0%

Frankton

$407,500

$408,300

0.7%

$384,250

6.3%

$304,150

34.2%

$295,800

38.0%

26.5 % (2015 )

$380,000 (33 )

$378,000 (39 )

$348,000 (75 )

$274,000 (56 )

$263,500 (28 )

44.2%

Glenview

$499,400

$498,950

1.5%

$480,300

3.9%

$378,500

31.8%

$333,500

49.6%

25.3 % (2015 )

$492,000 (31 )

$492,000 (28 )

$470,500 (42 )

$382,000 (45 )

$314,000 (41 )

56.7%

Hamilton East

$487,250

$485,450

1.5%

$456,050

6.4%

$363,700

33.5%

$331,300

46.5%

22.1 % (2015 )

$469,500 (76 )

$442,000 (53 )

$414,000 (99 )

$349,000 (101 )

$337,000 (73 )

39.3%

Hillcrest

$529,100

$528,800

-0.2%

$510,100

3.7%

$399,800

32.3%

$365,400

44.7%

19.7 % (2015 )

$514,500 (28 )

$493,000 (29 )

$494,500 (44 )

$377,500 (32 )

$354,250 (16 )

45.2%

Huntington

$737,950

$735,250

-0.1%

$726,100

1.3%

$599,150

22.7%

$532,000

38.2%

22.8 % (2015 )

$691,000 (40 )

$696,000 (40 )

$717,000 (52 )

$574,000 (47 )

$517,000 (42 )

33.7%

Maeroa

$470,400

$472,750

0.6%

$451,600

4.7%

$349,050

35.4%

$317,000

49.1%

23.3 % (2015 )

$414,000 (15 )

$452,000 (14 )

$431,000 (26 )

$332,000 (13 )

$295,000 (21 )

40.3% 60.8%

Melville

$425,750

$423,950

0.0%

$418,850

1.2%

$325,650

30.2%

$292,900

44.7%

25.0 % (2015 )

$424,500 (28 )

$455,000 (21 )

$392,000 (52 )

$309,500 (36 )

$264,000 (31 )

Nawton

$433,600

$432,000

2.5%

$409,100

5.6%

$315,600

36.9%

$298,100

44.9%

26.6 % (2015 )

$412,000 (57 )

$392,000 (37 )

$392,000 (103 )

$297,500 (88 )

$292,000 (38 )

41.1%

Pukete

$561,400

$563,250

0.3%

$543,100

3.7%

$437,950

28.6%

$369,800

52.3%

22.6 % (2015 )

$528,000 (24 )

$555,000 (19 )

$506,250 (23 )

$395,500 (28 )

$364,000 (22 )

45.1%

Queenwood

$659,750

$660,150

2.4%

$615,450

7.3%

$498,500

32.4%

$450,800

46.4%

21.7 % (2015 )

$744,500 (6 )

$746,000 (8 )

$547,000 (7 )

$561,000 (7 )

$455,500 (12 )

63.4%

Rototuna

$697,500

$689,700

-2.1%

$693,800

-0.6%

$565,400

22.0%

$482,800

42.9%

16.5 % (2015 )

$699,000 (22 )

$692,000 (15 )

$667,000 (19 )

$500,000 (20 )

$452,000 (19 )

54.6%

Rototuna North

$702,650

$704,550

0.4%

$698,850

0.8%

$559,150

26.0%

$465,300

51.4%

23.3 % (2015 )

$748,000 (26 )

$717,000 (17 )

$692,000 (38 )

$532,000 (29 )

$514,000 (26 )

45.5%

Saint Andrews

$562,900

$560,500

0.2%

$529,850

5.8%

$433,550

29.3%

$371,600

50.8%

20.8 % (2015 )

$519,750 (40 )

$524,500 (20 )

$500,500 (32 )

$398,500 (32 )

$352,250 (22 )

47.6%

Silverdale

$480,000

$481,150

0.1%

$460,400

4.5%

$366,500

31.3%

$328,200

46.6%

22.0 % (2015 )

$523,000 (12 )

$532,500 (6 )

$422,000 (14 )

$314,000 (6 )

$315,000 (9 )

66.0%

WAIKATO/WAIPA/OTOROHANGA/SOUTH WAIKATO Cambridge $640,950 $639,250

2.6%

$478,000 (60 )

53.9%

$640,500 (56 ) $257,000 (31 )

$614,250 (80 )

62.5%

10.8 % (2016 ) 82.7 % (2014 )

$651,000 (60 )

18.8%

$403,800 $212,500

58.3%

1.5%

$461,500 $201,300

38.5%

$327,100

$563,800 $275,300

13.4%

Huntly

$273,000 (64 )

$218,000 (85 )

$401,500 (50 ) $169,000 (31 )

62.1% 72.5%

$330,250

$291,500 (42 )

Kihikihi

$357,050

$355,350

5.0%

$308,500

15.2%

$248,200

43.2%

$250,700

41.7%

23.4 % (2016 )

$363,000 (13 )

$287,000 (14 )

$300,500 (32 )

$244,000 (17 )

$240,000 (12 )

51.3%

Leamington

$557,400

$553,050

2.5%

$493,800

12.0%

$404,950

36.6%

$356,100

55.3%

10.3 % (2016 )

$524,500 (54 )

$535,500 (54 )

$515,000 (83 )

$415,000 (97 )

$340,250 (58 )

54.2%

Ngaruawahia

$374,450

$373,000

0.5%

$309,850

20.4%

$244,850

52.3%

$253,100

47.4%

68.4 % (2014 )

$382,000 (21 )

$370,000 (23 )

$309,000 (47 )

$248,000 (36 )

$212,000 (17 )

80.2%

Putaruru

$256,550

$251,500

4.8%

$202,750

24.0%

$172,750

45.6%

$193,600

29.9%

45.9 % (2015 )

$236,000 (19 )

$247,000 (26 )

$210,500 (58 )

$152,000 (22 )

$141,000 (11 )

67.4%

Raglan

$619,000

$625,450

4.5%

$524,200

19.3%

$431,150

45.1%

$454,000

37.8%

62.5 % (2014 )

$544,000 (28 )

$557,000 (22 )

$445,000 (37 )

$395,000 (47 )

$395,500 (22 )

37.5%

Te Awamutu

$434,900

$432,700

3.5%

$381,200

13.5%

$311,500

38.9%

$310,300

39.4%

13.2 % (2016 )

$412,000 (89 )

$398,000 (72 )

$363,500 (144 )

$319,000 (106 )

$291,500 (74 )

41.3%

Tokoroa

$173,600

$172,600

4.7%

$134,500

28.3%

$118,800

45.3%

$142,000

21.5%

48.4 % (2015 )

$170,000 (83 )

$153,000 (87 )

$128,750 (104 )

$87,000 (89 )

$146,000 (36 )

16.4%

Tuakau

$533,500

$532,800

-0.1%

$487,650

9.3%

$399,100

33.5%

$321,800

65.6%

50.6 % (2014 )

$568,500 (24 )

$523,500 (32 )

$505,000 (45 )

$402,000 (59 )

$360,000 (21 )

57.9%

WAITOMO/TAUPO/RUAPEHU $512,100 Hilltop Kinloch $633,250

$514,900 $630,650

1.3%

$447,350

37.1% 25.8%

$437,300 $508,400

17.7% 24.0%

13.2 % (2016 ) 13.3 % (2016 )

$371,250 (28 ) $533,000 (7 )

$378,500 (31 )

$583,350

15.1% 8.1%

$375,650

2.2%

$324,500 (32 ) $436,000 (12 )

$343,000 (26 ) $406,500 (16 )

$314,500 (13 ) $441,250 (10 )

18.0% 20.8%

$501,200

$574,000 (11 )

Kuratau

$421,050

$420,000

0.8%

$390,300

7.6%

$388,600

8.1%

$458,300

-8.4%

N/A

N/A

$580,000 (4 )

$327,000 (16 )

$367,000 (6 )

$299,000 (3 )

N/A

Nukuhau

$470,850

$480,000

0.5%

$408,500

17.5%

$367,600

30.6%

$383,200

25.3%

21.0 % (2016 )

$446,250 (42 )

$491,500 (26 )

$364,250 (46 )

$360,000 (35 )

$342,000 (15 )

30.5%

Ohakune

$237,900

$238,950

2.5%

$218,000

9.6%

$200,450

19.2%

$246,900

-3.2%

9.6 % (2014 )

$250,500 (30 )

$242,000 (20 )

$200,000 (31 )

$135,000 (19 )

$182,000 (12 )

37.6%

Omori

$385,250

$383,750

1.5%

$352,650

8.8%

$359,800

6.7%

$429,000

-10.5%

-7.5 % (2016 )

$225,000 (3 )

$273,000 (11 )

$299,000 (8 )

$240,000 (2 )

$466,000 (4 )

-51.7%

Richmond Heights

$419,150

$421,550

0.3%

$379,350

11.1%

$313,900

34.3%

$331,300

27.2%

9.2 % (2016 )

$425,000 (13 )

$390,000 (16 )

$373,000 (22 )

$286,000 (11 )

$308,000 (5 )

38.0%

Tauhara

$296,100

$301,900

2.8%

$247,900

21.8%

$206,400

46.3%

$243,900

23.8%

13.1 % (2016 )

$323,000 (8 )

$314,500 (10 )

$259,000 (19 )

$221,000 (15 )

$220,000 (5 )

46.8%

Taumarunui

$132,550

$132,600

3.0%

$104,200

27.3%

$94,100

40.9%

$131,900

0.5%

27.5 % (2014 )

$107,000 (45 )

$140,000 (35 )

$123,000 (29 )

$93,500 (32 )

$96,000 (11 )

11.5%

Taupo

$404,300

$407,250

1.1%

$349,850

16.4%

$301,000

35.3%

$339,200

20.1%

9.8 % (2016 )

$340,500 (65 )

$352,000 (59 )

$317,500 (68 )

$303,000 (66 )

$269,500 (24 )

26.3% 29.5%

Te Kuiti

$181,300

$179,750

4.1%

$153,700

16.9%

$139,550

28.8%

$176,800

1.7%

32.4 % (2015 )

$162,500 (38 )

$162,000 (38 )

$156,000 (35 )

$143,000 (22 )

$125,500 (10 )

Turangi

$199,200

$198,650

2.0%

$175,900

12.9%

$167,100

18.9%

$230,500

-13.8%

11.0 % (2016 )

$153,000 (43 )

$144,500 (44 )

$165,000 (31 )

$143,000 (18 )

$131,500 (15 )

16.3%

Waipahihi

$605,500

$607,050

1.2%

$539,550

12.5%

$484,200

25.4%

$546,000

11.2%

14.3 % (2016 )

$642,500 (12 )

$594,000 (11 )

$492,000 (17 )

$406,500 (12 )

$436,500 (8 )

47.2%

$527,350 $781,900

$528,500

1.4% 0.2%

$458,900 $696,800

15.2%

$521,175 (35 ) $800,000 (13 )

$435,000 (47 )

40.8%

14.5 % (2016 ) -0.1 % (2016 )

$454,000 (25 )

40.6%

$350,600 $558,800

50.7%

12.9%

$367,500 $559,850

43.8%

$786,900

$702,000 (21 )

$320,000 (45 ) $492,500 (40 )

$340,500 (36 ) $458,000 (12 )

69.2%

WESTERN BAY OF PLENTY Katikati Omokoroa

$775,000 (11 )

33.3%

Pukehina

$658,750

$656,050

1.0%

$577,300

13.6%

$429,650

52.7%

$544,200

20.6%

9.9 % (2016 )

$797,000 (13 )

$509,000 (17 )

$663,000 (21 )

$304,000 (10 )

$300,000 (5 )

165.7%

Te Puke

$465,950

$462,900

1.7%

$392,600

17.9%

$301,250

53.7%

$316,400

46.3%

13.2 % (2016 )

$456,000 (41 )

$459,500 (46 )

$367,000 (66 )

$279,500 (64 )

$278,000 (25 )

64.0%

Waihi Beach

$749,050

$752,300

3.0%

$658,900

14.2%

$564,550

33.3%

$617,500

21.8%

12.0 % (2016 )

$830,000 (16 )

$839,500 (16 )

$564,000 (31 )

$501,000 (14 )

$487,000 (24 )

70.4%

$537,550 $751,250

$545,350

0.8% -0.7%

$483,000

12.9%

$678,100

10.1%

$373,650 $542,150

46.0%

Bethlehem

$346,300 $499,600

57.5% 49.4%

45.1 % (2015 ) 34.9 % (2015 )

$490,000 (15 ) $729,000 (27 )

$512,750 (22 ) $817,000 (37 )

$405,000 (33 ) $727,500 (54 )

$384,000 (21 ) $568,500 (58 )

$340,000 (19 ) $466,000 (37 )

56.4%

Brookfield

$546,700

$554,600

1.1%

$491,550

12.8%

$378,850

46.4%

$347,300

59.7%

41.5 % (2015 )

$609,000 (17 )

$544,000 (24 )

$492,750 (30 )

$371,750 (38 )

$331,500 (30 )

83.7%

Gate Pa

$448,750

$442,600

-0.2%

$410,250

7.9%

$302,300

46.4%

$288,600

53.4%

39.8 % (2015 )

$419,000 (33 )

$420,000 (31 )

$401,000 (55 )

$298,000 (48 )

$258,000 (27 )

62.4%

Greerton

$496,950

$492,350

0.3%

$464,400

6.0%

$339,900

44.9%

$326,300

50.9%

41.1 % (2015 )

$455,000 (23 )

$467,000 (39 )

$442,500 (30 )

$353,000 (43 )

$322,250 (14 )

41.2%

Hairini

$517,100

$525,750

3.7%

$462,950

13.6%

$355,600

47.8%

$344,600

52.6%

37.5 % (2015 )

$445,000 (17 )

$444,000 (21 )

$388,000 (24 )

$303,000 (18 )

$332,000 (17 )

34.0%

Judea

$502,300

$509,800

1.1%

$450,600

13.1%

$346,250

47.2%

$324,700

57.0%

44.2 % (2015 )

$544,000 (22 )

$540,000 (24 )

$394,000 (30 )

$295,500 (28 )

$269,500 (14 )

101.9%

Matua

$785,700

$790,450

-1.4%

$735,850

7.4%

$571,500

38.3%

$547,800

44.3%

39.2 % (2015 )

$732,000 (23 )

$713,500 (24 )

$706,000 (41 )

$433,000 (36 )

$492,000 (27 )

48.8%

Maungatapu

$615,750

$617,400

1.7%

$566,450

9.0%

$425,450

45.1%

$441,600

39.8%

48.6 % (2015 )

$489,000 (17 )

$508,500 (14 )

$571,000 (20 )

$428,000 (18 )

$384,000 (25 )

27.3%

Mount Maunganui

$816,550

$817,350

0.8%

$744,150

9.8%

$605,750

34.9%

$551,500

48.2%

36.8 % (2015 )

$632,000 (133 )

$609,000 (158 )

$624,000 (185 )

$482,500 (162 )

$445,100 (144 )

42.0%

Ohauiti

$689,400

$685,350

0.8%

$634,800

8.0%

$492,900

39.0%

$462,100

48.3%

48.1 % (2015 )

$580,000 (12 )

$625,000 (15 )

$657,000 (23 )

$540,000 (26 )

$487,500 (16 )

19.0%

Otumoetai

$705,350

$706,250

2.0%

$645,650

9.4%

$504,350

40.0%

$487,900

44.8%

40.6 % (2015 )

$613,000 (40 )

$581,500 (32 )

$571,000 (75 )

$463,000 (63 )

$380,500 (54 )

61.1%

Papamoa Beach

$685,250

$686,300

-0.6%

$640,100

7.2%

$500,500

37.1%

$464,200

47.8%

35.1 % (2015 )

$651,250 (168 )

$653,000 (187 )

$615,500 (272 )

$457,000 (198 )

$420,000 (145 )

55.1%

Parkvale

$430,300

$427,250

-0.2%

$395,050

8.2%

$290,600

47.0%

$278,600

53.4%

37.5 % (2015 )

$423,000 (10 )

$390,000 (13 )

$392,500 (16 )

$291,250 (24 )

$252,000 (13 )

67.9%

Pyes Pa

$692,450

$691,800

0.5%

$633,900

9.1%

$500,750

38.2%

$475,200

45.6%

40.6 % (2015 )

$664,000 (51 )

$669,250 (48 )

$611,000 (76 )

$510,000 (59 )

$457,500 (43 )

45.1%

Tauranga South

$604,850

$601,900

0.5%

$547,350

10.0%

$427,200

40.9%

$420,300

43.2%

40.0 % (2015 )

$596,000 (27 )

$541,000 (37 )

$600,000 (42 )

$398,000 (43 )

$349,500 (26 )

70.5%

Welcome Bay

$582,150

$585,800

2.4%

$530,750

10.4%

$406,000

44.3%

$379,800

54.2%

41.5 % (2015 )

$589,000 (44 )

$557,000 (53 )

$530,000 (82 )

$401,000 (82 )

$353,500 (44 )

66.6%

ROTORUA Fairy Springs Fordlands

$304,900

$307,950

4.4%

$252,600

21.9%

$199,000

54.7%

$228,400

34.8%

55.6 % (2014 )

$311,000 (11 )

$270,500 (10 )

$256,000 (11 )

$277,550 (8 )

$184,000 (3 )

69.0%

$171,100

$167,650

0.7%

$133,750

25.3%

$110,450

51.8%

$124,400

34.8%

53.9 % (2014 )

$160,750 (7 )

$178,000 (7 )

$121,500 (10 )

$107,000 (5 )

$93,000 (5 )

72.8%

Glenholme

$407,650

$410,150

2.7%

$362,700

13.1%

$292,700

40.1%

$325,100

26.2%

43.2 % (2014 )

$348,500 (28 )

$406,000 (21 )

$379,000 (32 )

$322,000 (26 )

$156,000 (9 )

123.4%

Hillcrest

$336,100

$340,000

1.5%

$301,400

12.8%

$238,300

42.7%

$263,900

28.8%

33.7 % (2014 )

$366,000 (9 )

$369,000 (5 )

$290,000 (13 )

$239,000 (6 )

$230,000 (3 )

59.1%

Kawaha Point

$469,600

$467,650

3.3%

$403,400

15.9%

$340,950

37.2%

$387,100

20.8%

44.1 % (2014 )

$333,000 (10 )

$323,000 (8 )

$417,000 (19 )

$352,500 (12 )

$275,000 (6 )

21.1%

Koutu

$255,100

$257,200

2.8%

$218,150

17.9%

$167,550

53.5%

$203,000

26.7%

61.4 % (2014 )

$249,000 (10 )

$181,650 (7 )

$165,000 (11 )

$107,000 (5 )

$100,500 (4 )

147.8%

TAURANGA Bellevue

$746,550

37.7%

44.1%

Lynmore

$563,550

$558,950

1.5%

$483,250

15.7%

$402,150

39.0%

$404,400

38.2%

43.9 % (2014 )

$505,750 (10 )

$522,000 (10 )

$439,000 (17 )

$367,000 (23 )

$415,500 (8 )

21.7%

Mangakakahi

$289,550

$290,650

5.0%

$245,350

18.5%

$188,400

54.3%

$212,300

36.9%

63.4 % (2014 )

$336,000 (9 )

$231,000 (8 )

$234,750 (32 )

$180,000 (9 )

$167,000 (15 )

101.2%

Ngongotaha

$385,400

$385,200

3.8%

$319,200

20.7%

$260,600

47.8%

$283,400

35.9%

49.1 % (2014 )

$353,500 (18 )

$297,000 (13 )

$310,500 (28 )

$201,000 (25 )

$205,000 (17 )

72.4%

Owhata

$360,850

$364,200

0.0%

$313,500

16.2%

$254,250

43.2%

$273,900

33.0%

46.6 % (2014 )

$335,000 (41 )

$352,500 (30 )

$263,250 (66 )

$238,500 (42 )

$217,000 (25 )

54.4%

Pukehangi

$363,900

$365,300

4.1%

$310,600

17.6%

$250,200

46.0%

$267,800

36.4%

45.3 % (2014 )

$311,000 (27 )

$319,000 (36 )

$273,000 (44 )

$254,000 (27 )

$309,000 (13 )

0.6%

Springfield

$490,000

$487,700

1.0%

$419,050

16.4%

$351,150

38.9%

$370,000

31.8%

45.7 % (2014 )

$441,000 (27 )

$442,500 (28 )

$402,500 (28 )

$339,500 (10 )

$342,000 (11 )

28.9%

Utuhina

$325,700

$329,150

1.9%

$289,900

13.5%

$230,950

42.5%

$250,700

31.3%

40.3 % (2014 )

$281,000 (5 )

$306,250 (10 )

$287,500 (12 )

$214,500 (5 )

$205,000 (1 )

37.1%

Smart property decisions start here

16

September 4, 2017 | PROPERTY REPORT

E-Valuer estimate of median value at

E-Valuer estimate of median value at

31JUL2017

30JUN2017

E-Valuer price change in 3 months to

E-Valuer estimate of

E-Valuer price

E-Valuer estimate of

E-Valuer price

median value at 30JUN2016

change in year to 30JUN2017

median value at 30JUN2015

change in 2 years to

30JUN2017

E-Valuer estimate of E-Valuer price Sales price in 3 months to median value at change since 31MAY2017 in relation to CV market peak market peak (CV date in brackets)

30JUN2017

(31OCT2007)

(31OCT2007)

Median price in 3 months to 31MAY2017

Median price in 3 months to 31MAR2017

Median price in 3 months to 30JUN2016

Median price in 3 months to 30JUN2015

Median price in 3 months to 30JUN2014

(no. of sales in brackets)

(no. of sales in brackets)

(no. of sales in brackets)

(no. of sales in brackets)

(no. of sales in brackets)

Median price change in 3 years to 30JUN2017

$261,200

$259,950

4.5%

$220,900

17.7%

$170,400

52.6%

$204,900

26.9%

55.3 % (2014 )

$255,000 (21 )

$261,000 (23 )

$228,500 (30 )

$142,500 (13 )

$137,775 (12 )

85.1%

WHAKATANE/KAWERAU/OPOTIKI Kawerau $184,250

$183,800

27.1% 24.0%

$159,100

84.0% 45.4%

$195,300

23.8% 18.4%

87.5 % (2015 ) 25.8 % (2016 )

$166,000 (59 ) $232,500 (17 )

$167,500 (66 )

$231,300

$144,600 $186,600

$148,500

$231,850

2.7% 7.2%

$99,900

Opotiki

$182,500 (22 )

$142,000 (74 ) $180,000 (27 )

$92,000 (47 ) $166,000 (21 )

$67,000 (20 ) $216,500 (16 )

147.8% 7.4%

Whakatane

$386,150

$386,300

2.2%

$341,550

13.1%

$290,250

33.1%

$317,700

21.6%

14.3 % (2016 )

$356,000 (63 )

$352,750 (80 )

$326,000 (120 )

$271,000 (69 )

$294,500 (48 )

20.9%

Western Heights

LOWER NORTH ISLAND GISBORNE/HAWKES BAY Akina Bluff Hill

$334,150 $599,250

4.3% 3.8%

$277,250

12.4 % (2016 ) 24.8 % (2014 )

$322,500 (34 ) $442,000 (14 )

$470,000 (11 )

$274,500 (28 ) $445,000 (22 )

$242,000 (19 ) $407,500 (23 )

$225,000 (24 ) $440,000 (15 )

43.3%

$515,700

30.3% 16.2%

$299,000 (31 )

$476,850

39.4% 25.7%

$256,500

$515,500

20.5% 16.2%

$239,700

$603,000

Flaxmere

$220,650

$217,300

5.1%

$179,800

20.9%

$158,250

37.3%

$178,200

21.9%

13.1 % (2016 )

$206,250 (36 )

$197,500 (30 )

$171,000 (47 )

$146,000 (27 )

$157,000 (27 )

31.4%

Frimley

$473,300

$470,950

4.1%

$398,000

18.3%

$352,900

33.5%

$364,200

29.3%

14.9 % (2016 )

$395,500 (14 )

$405,000 (11 )

$290,000 (13 )

$325,000 (19 )

$352,000 (13 )

12.4%

Gisborne

$273,350

$272,650

-0.2%

$244,900

11.3%

$221,800

22.9%

$271,200

0.5%

16.4 % (2014 )

$295,000 (9 )

$304,000 (9 )

$261,000 (18 )

$252,000 (5 )

$177,000 (8 )

66.7%

Greenmeadows

$496,100

$493,400

2.5%

$424,900

16.1%

$370,450

33.2%

$375,800

31.3%

37.5 % (2014 )

$447,700 (28 )

$485,500 (23 )

$417,000 (45 )

$328,000 (37 )

$335,750 (30 )

33.3%

Havelock North

$616,700

$609,100

3.9%

$515,400

18.2%

$461,900

31.9%

$465,200

30.9%

16.0 % (2016 )

$585,000 (79 )

$582,000 (79 )

$508,500 (120 )

$457,000 (100 )

$390,500 (58 )

49.8%

Hospital Hill

$567,050

$561,950

3.7%

$486,500

15.5%

$441,200

27.4%

$471,700

19.1%

36.1 % (2014 )

$538,500 (16 )

$549,000 (23 )

$395,000 (24 )

$395,000 (17 )

$360,000 (13 )

49.6%

Inner Kaiti

$323,350

$321,250

6.2%

$271,750

18.2%

$253,500

26.7%

$321,400

0.0%

27.4 % (2014 )

$328,000 (12 )

$337,500 (8 )

$307,500 (17 )

$212,750 (6 )

$203,000 (7 )

61.6%

Mahora

$381,000

$381,550

3.1%

$324,600

17.5%

$284,850

33.9%

$297,700

28.2%

11.5 % (2016 )

$335,000 (15 )

$335,000 (21 )

$307,500 (23 )

$323,000 (24 )

$282,000 (16 )

18.8%

Mangapapa

$260,050

$259,800

2.6%

$218,700

18.8%

$209,700

23.9%

$239,500

8.5%

27.6 % (2014 )

$275,000 (21 )

$255,000 (26 )

$224,000 (31 )

$201,000 (17 )

$219,000 (15 )

25.6%

Maraenui

$217,700

$219,450

3.0%

$177,800

23.4%

$151,900

44.5%

$194,700

12.7%

50.9 % (2014 )

$218,500 (14 )

$206,500 (8 )

$174,000 (14 )

$146,000 (7 )

$153,500 (6 )

42.3%

Marewa

$332,000

$333,150

1.5%

$289,400

15.1%

$247,800

34.4%

$270,400

23.2%

38.7 % (2014 )

$332,500 (34 )

$316,000 (34 )

$287,250 (34 )

$232,000 (31 )

$319,000 (17 )

4.2%

Mayfair

$335,150

$336,200

4.2%

$281,550

19.4%

$244,000

37.8%

$261,900

28.4%

14.3 % (2016 )

$289,500 (24 )

$329,000 (27 )

$270,000 (35 )

$233,500 (24 )

$233,500 (11 )

24.0%

Napier South

$393,150

$390,550

3.1%

$330,300

18.2%

$278,000

40.5%

$288,600

35.3%

39.7 % (2014 )

$370,000 (36 )

$362,000 (34 )

$339,000 (45 )

$265,250 (24 )

$315,500 (19 )

17.3%

Onekawa

$346,100

$345,100

4.3%

$293,100

17.7%

$255,100

35.3%

$264,400

30.5%

38.2 % (2014 )

$352,750 (30 )

$335,000 (30 )

$295,500 (44 )

$268,000 (33 )

$288,500 (18 )

22.3%

Parkvale

$358,950

$359,100

3.4%

$304,450

18.0%

$269,950

33.0%

$283,200

26.8%

15.5 % (2016 )

$369,000 (23 )

$319,000 (24 )

$270,500 (38 )

$279,600 (19 )

$262,500 (16 )

40.6%

Pirimai

$372,100

$368,250

4.8%

$306,550

20.1%

$265,550

38.7%

$272,300

35.2%

38.3 % (2014 )

$323,000 (26 )

$355,000 (19 )

$305,000 (19 )

$262,000 (24 )

$261,000 (7 )

23.8%

Raureka

$343,550

$342,850

4.5%

$282,300

21.4%

$244,150

40.4%

$270,500

26.7%

15.6 % (2016 )

$377,000 (22 )

$350,000 (25 )

$314,000 (28 )

$218,000 (17 )

$284,100 (17 )

32.7%

Riverdale

$339,750

$337,150

3.2%

$288,850

16.7%

$274,800

22.7%

$311,400

8.3%

27.3 % (2014 )

$276,000 (6 )

$374,000 (5 )

$277,000 (11 )

$229,000 (6 )

$231,000 (9 )

19.5%

Saint Leonards

$348,100

$344,150

3.1%

$292,150

17.8%

$252,850

36.1%

$270,200

27.4%

15.8 % (2016 )

$334,000 (15 )

$315,500 (18 )

$282,500 (20 )

$224,000 (17 )

$251,000 (22 )

33.1%

Tamatea

$369,000

$364,700

1.5%

$321,250

13.5%

$269,100

35.5%

$289,500

26.0%

36.2 % (2014 )

$385,500 (24 )

$361,000 (21 )

$315,000 (23 )

$269,000 (25 )

$274,000 (15 )

40.7%

Taradale

$490,650

$484,950

2.8%

$418,600

15.9%

$363,500

33.4%

$364,600

33.0%

38.8 % (2014 )

$442,000 (62 )

$417,500 (73 )

$381,500 (68 )

$353,000 (77 )

$359,000 (57 )

23.1%

Te Hapara

$250,600

$249,550

3.0%

$210,800

18.4%

$200,100

24.7%

$245,800

1.5%

20.9 % (2014 )

$234,000 (35 )

$230,500 (49 )

$214,000 (42 )

$216,500 (26 )

$224,000 (19 )

4.5%

Waipukurau

$266,150

$263,000

3.9%

$223,200

17.8%

$200,500

31.2%

$228,200

15.2%

37.6 % (2015 )

$224,000 (48 )

$223,000 (46 )

$209,000 (57 )

$190,000 (29 )

$190,750 (22 )

17.4%

Whataupoko

$394,100

$391,500

4.2%

$338,050

15.8%

$311,250

25.8%

$370,200

5.8%

23.6 % (2014 )

$369,500 (30 )

$362,000 (25 )

$343,500 (32 )

$303,750 (20 )

$314,000 (17 )

17.7%

$342,500 $171,700

$341,500

$268,300 $169,800

27.3% 0.5%

$286,590 (48 )

$256,500 (46 )

$153,000 (48 )

$138,000 (49 )

$160,000 (38 )

$242,000 (34 ) $135,500 (20 )

15.7%

15.5 % (2014 )

$280,000 (33 ) $146,000 (56 )

$297,000 (41 )

$147,100

25.9% 16.0%

28.0 % (2014 )

$154,650

17.7% 10.3%

$271,300

$170,600

3.0% 0.6%

$290,100

Dannevirke Featherston

$278,950

$274,300

4.1%

$214,600

27.8%

$193,950

41.4%

$224,400

22.2%

42.0 % (2014 )

$274,000 (25 )

$257,000 (30 )

$197,500 (37 )

$182,500 (28 )

$192,500 (19 )

42.3%

Greytown

$504,550

$501,200

5.2%

$432,950

15.8%

$398,300

25.8%

$379,500

32.1%

29.3 % (2014 )

$479,000 (23 )

$458,000 (21 )

$410,500 (42 )

$335,500 (16 )

$330,700 (12 )

44.8%

Lansdowne

$318,900

$319,800

3.7%

$268,000

19.3%

$256,350

24.8%

$273,000

17.1%

29.5 % (2014 )

$278,250 (38 )

$286,000 (45 )

$264,250 (40 )

$240,250 (24 )

$254,950 (12 )

9.1%

Martinborough

$451,650

$450,150

3.8%

$384,100

17.2%

$363,350

23.9%

$345,500

30.3%

28.2 % (2014 )

$366,000 (19 )

$387,500 (24 )

$334,000 (31 )

$333,000 (14 )

$304,000 (11 )

20.4%

Masterton

$284,400

$284,000

2.7%

$235,900

20.4%

$225,350

26.0%

$241,600

17.5%

27.4 % (2014 )

$260,000 (53 )

$257,000 (70 )

$220,000 (77 )

$205,000 (38 )

$215,500 (28 )

20.6%

Pahiatua

$192,600

$192,300

0.4%

$173,650

10.7%

$163,650

17.5%

$164,200

17.1%

9.6 % (2014 )

$174,000 (35 )

$158,750 (32 )

$152,000 (32 )

$138,000 (21 )

$137,000 (11 )

27.0%

Solway

$302,150

$302,100

2.4%

$251,350

20.2%

$239,350

26.2%

$248,000

21.8%

29.0 % (2014 )

$279,000 (48 )

$271,000 (42 )

$237,750 (37 )

$226,000 (28 )

$196,000 (12 )

42.3%

TARANAKI/WANGANUI Aramoho Bell Block

$192,350

$191,050 $434,800

3.9%

15.3% 6.4%

15.9 % (2016 ) 4.6 % (2016 )

$174,000 (26 ) $388,500 (42 )

$187,250 (34 ) $457,500 (40 )

$444,500 (36 )

$142,000 (18 ) $354,000 (37 )

$131,000 (17 ) $343,000 (36 )

32.8%

$346,000

3.3% 25.7%

$170,000 (15 )

$389,850

28.8% 11.5%

$184,900

1.0%

$165,750 $408,500

$148,300

$437,150

Castlecliff

$155,550

$151,700

2.8%

$127,900

18.6%

$109,500

38.5%

$152,800

-0.7%

13.8 % (2016 )

$137,000 (33 )

$137,000 (37 )

$123,000 (32 )

$79,500 (30 )

$108,000 (14 )

26.9%

Frankleigh Park

$424,950

$425,500

0.0%

$399,750

6.4%

$372,100

14.4%

$351,200

21.2%

1.7 % (2016 )

$358,000 (18 )

$368,000 (20 )

$351,000 (20 )

$369,000 (17 )

$437,000 (15 )

-18.1%

Gonville

$179,550

$176,300

5.6%

$150,600

17.1%

$130,900

34.7%

$172,100

2.4%

16.7 % (2016 )

$166,000 (53 )

$161,500 (36 )

$156,000 (37 )

$93,000 (25 )

$108,000 (18 )

53.7%

Hawera

$247,500

$246,400

0.3%

$240,850

2.3%

$236,400

4.2%

$240,700

2.4%

2.3 % (2015 )

$225,000 (68 )

$214,000 (69 )

$222,000 (79 )

$241,750 (66 )

$194,750 (48 )

15.5%

Highlands Park

$570,150

$571,850

1.5%

$534,850

6.9%

$501,450

14.0%

$477,200

19.8%

1.1 % (2016 )

$563,941 (12 )

$541,500 (21 )

$456,000 (12 )

$484,000 (17 )

$459,000 (8 )

22.9%

TARARUA/WAIRARAPA Carterton

$336,100

0.5%

7.7%

13.3%

Inglewood

$345,800

$344,150

1.9%

$313,200

9.9%

$286,150

20.3%

$267,300

28.8%

13.9 % (2016 )

$339,500 (32 )

$337,000 (23 )

$272,000 (26 )

$265,000 (41 )

$240,000 (27 )

41.5%

Merrilands

$489,200

$492,450

0.8%

$458,750

7.3%

$420,600

17.1%

$394,800

24.7%

2.4 % (2016 )

$439,000 (30 )

$405,000 (28 )

$387,000 (26 )

$437,500 (24 )

$336,000 (21 )

30.7%

New Plymouth

$520,500

$516,800

-0.6%

$485,300

6.5%

$440,800

17.2%

$414,200

24.8%

9.2 % (2016 )

$564,000 (24 )

$427,000 (30 )

$408,500 (34 )

$350,500 (26 )

$365,500 (22 )

54.3%

Saint Johns Hill

$333,300

$331,300

0.0%

$308,350

7.4%

$273,800

21.0%

$312,600

6.0%

4.1 % (2016 )

$324,500 (14 )

$316,500 (14 )

$289,000 (13 )

$289,000 (10 )

$304,000 (3 )

6.7%

Spotswood

$322,800

$325,850

1.0%

$314,950

3.5%

$281,350

15.8%

$252,900

28.8%

4.9 % (2016 )

$332,000 (23 )

$310,000 (20 )

$311,500 (24 )

$313,000 (12 )

$258,500 (14 )

28.4%

Springvale

$284,000

$280,700

3.1%

$252,700

11.1%

$227,150

23.6%

$263,700

6.4%

7.7 % (2016 )

$260,000 (33 )

$268,500 (40 )

$251,000 (35 )

$219,000 (31 )

$229,000 (21 )

13.5%

Strandon

$596,950

$600,450

4.3%

$526,250

14.1%

$473,950

26.7%

$422,800

42.0%

6.6 % (2016 )

$430,000 (18 )

$424,000 (15 )

$435,000 (19 )

$359,000 (18 )

$369,500 (14 )

16.4%

Stratford

$253,500

$252,300

1.4%

$227,200

11.0%

$215,050

17.3%

$214,100

17.8%

15.4 % (2014 )

$239,500 (38 )

$224,000 (39 )

$221,000 (47 )

$224,000 (35 )

$178,000 (17 )

34.6%

Tawhero

$242,000

$240,300

4.0%

$214,450

12.1%

$196,200

22.5%

$223,300

7.6%

9.7 % (2016 )

$220,500 (14 )

$171,000 (15 )

$226,500 (20 )

$235,000 (11 )

$161,000 (7 )

37.0% 43.2%

Vogeltown

$374,700

$378,700

1.7%

$349,800

8.3%

$326,700

15.9%

$300,100

26.2%

9.6 % (2016 )

$393,750 (8 )

$447,000 (11 )

$386,525 (14 )

$310,000 (13 )

$275,000 (15 )

Waitara

$274,500

$273,500

2.2%

$254,000

7.7%

$238,800

14.5%

$220,500

24.0%

9.8 % (2016 )

$299,000 (30 )

$299,000 (30 )

$245,000 (21 )

$235,000 (37 )

$221,000 (21 )

35.3%

Wanganui

$177,650

$175,800

6.3%

$150,800

16.6%

$136,750

28.6%

$179,800

-2.2%

8.9 % (2016 )

$156,000 (47 )

$166,000 (32 )

$138,750 (28 )

$131,000 (24 )

$123,500 (18 )

26.3%

Wanganui East

$197,800

$197,150

6.3%

$172,800

14.1%

$155,100

27.1%

$182,300

8.1%

10.0 % (2016 )

$184,500 (42 )

$167,500 (48 )

$170,000 (29 )

$148,000 (20 )

$164,500 (16 )

12.2%

Westown

$385,750

$388,700

0.8%

$362,800

7.1%

$330,850

17.5%

$314,400

23.6%

3.0 % (2016 )

$351,500 (46 )

$347,063 (42 )

$339,500 (32 )

$299,500 (46 )

$341,500 (30 )

2.9%

Awapuni

$319,100 $344,400

$320,650 $341,500

3.3% 2.2%

$278,300 $299,000

15.2% 14.2%

$256,850 $276,550

24.8% 23.5%

$257,300 $282,200

24.6% 21.0%

22.3 % (2015 ) 23.1 % (2015 )

$299,000 (23 ) $332,500 (56 )

$298,000 (24 ) $320,000 (59 )

$239,000 (25 ) $324,500 (46 )

$274,000 (21 ) $274,000 (47 )

$235,000 (21 ) $265,000 (43 )

27.2% 25.5%

Feilding

$328,700

$330,000

0.8%

$293,300

12.5%

$267,400

23.4%

$275,100

20.0%

11.3 % (2016 )

$314,000 (115 )

$319,000 (137 )

$262,000 (104 )

$252,000 (107 )

$247,000 (113 )

27.1%

Fitzherbert

$547,950

$547,300

1.8%

$498,250

9.8%

$475,750

15.0%

$477,800

14.5%

11.4 % (2015 )

$572,500 (16 )

$533,000 (14 )

$494,500 (28 )

$462,000 (21 )

$451,500 (14 )

26.8%

RANGITIKEI/MANAWATU Ashhurst

Highbury

$291,950

$288,500

1.9%

$252,050

14.5%

$232,450

24.1%

$242,600

18.9%

21.7 % (2015 )

$270,250 (32 )

$265,750 (20 )

$248,000 (34 )

$212,500 (30 )

$207,000 (21 )

30.6%

Hokowhitu

$462,400

$462,000

1.9%

$419,050

10.2%

$392,600

17.7%

$398,100

16.1%

16.4 % (2015 )

$409,000 (39 )

$398,000 (51 )

$373,000 (58 )

$348,000 (66 )

$341,000 (39 )

19.9%

Kelvin Grove

$434,400

$433,050

2.1%

$382,650

13.2%

$352,200

23.0%

$336,500

28.7%

19.3 % (2015 )

$479,800 (48 )

$438,500 (56 )

$360,000 (55 )

$369,000 (47 )

$347,500 (32 )

38.1%

Marton

$198,300

$197,050

7.0%

$163,250

20.7%

$154,450

27.6%

$183,700

7.3%

35.9 % (2014 )

$191,000 (54 )

$184,000 (34 )

$127,500 (56 )

$143,500 (24 )

$175,000 (33 )

9.1%

Milson

$353,900

$351,350

4.2%

$308,550

13.9%

$280,450

25.3%

$284,100

23.7%

21.5 % (2015 )

$336,000 (33 )

$324,000 (31 )

$277,000 (33 )

$272,000 (25 )

$235,000 (23 )

43.0%

Palmerston North

$353,500

$352,100

1.3%

$314,100

12.1%

$291,950

20.6%

$300,000

17.4%

17.7 % (2015 )

$311,500 (34 )

$339,000 (47 )

$315,000 (43 )

$304,000 (33 )

$313,000 (31 )

-0.5%

Roslyn

$293,300

$293,900

3.1%

$257,400

14.2%

$234,200

25.5%

$241,200

21.8%

22.9 % (2015 )

$277,000 (41 )

$286,000 (37 )

$254,000 (37 )

$241,500 (26 )

$242,000 (23 )

14.5%

Smart property decisions start here

17

September 4, 2017 | PROPERTY REPORT

E-Valuer estimate of median value at

E-Valuer estimate of median value at

31JUL2017

30JUN2017

E-Valuer price change in 3 months to

E-Valuer estimate of

E-Valuer price

E-Valuer estimate of

E-Valuer price

median value at 30JUN2016

change in year to 30JUN2017

median value at 30JUN2015

change in 2 years to

30JUN2017

30JUN2017

E-Valuer estimate of E-Valuer price Sales price in 3 months to median value at change since 31MAY2017 in relation to CV market peak market peak (CV date in brackets) (31OCT2007)

Median price in 3 months to 31MAY2017

Median price in 3 months to 31MAR2017

Median price in 3 months to 30JUN2016

Median price in 3 months to 30JUN2015

Median price in 3 months to 30JUN2014

(no. of sales in brackets)

(no. of sales in brackets)

(no. of sales in brackets)

(no. of sales in brackets)

(no. of sales in brackets)

(31OCT2007)

Median price change in 3 years to 30JUN2017

Takaro

$302,650

$301,900

2.2%

$268,150

12.6%

$242,050

24.7%

$251,400

20.1%

23.7 % (2015 )

$291,000 (39 )

$309,000 (36 )

$247,000 (42 )

$249,000 (29 )

$258,500 (20 )

12.6%

Terrace End

$358,500

$358,800

2.4%

$318,300

12.7%

$290,750

23.4%

$298,200

20.3%

24.1 % (2015 )

$339,000 (34 )

$341,000 (25 )

$321,500 (32 )

$308,000 (32 )

$267,000 (18 )

27.0%

West End

$335,100

$334,300

1.3%

$298,250

12.1%

$274,400

21.8%

$282,900

18.2%

22.2 % (2015 )

$287,000 (38 )

$285,000 (31 )

$276,500 (30 )

$229,000 (31 )

$262,000 (24 )

9.5%

$208,800 $293,000

$207,250 $293,550

6.4%

27.3% 20.5%

$171,700 $250,400

22.7 % (2016 ) 17.7 % (2016 )

$212,625 (24 ) $245,500 (38 )

$180,000 (35 ) $236,500 (36 )

$157,000 (34 )

$222,650

40.8% 31.8%

20.7%

3.6%

$162,800 $243,650

$147,200

Foxton Beach

$209,500 (32 )

$136,000 (13 ) $209,000 (16 )

$130,000 (7 ) $198,000 (13 )

24.0%

Levin

$282,100

$279,350

4.0%

$233,300

19.7%

$200,950

39.0%

$237,100

17.8%

15.7 % (2016 )

$249,500 (172 )

$249,000 (177 )

$229,500 (200 )

$182,000 (118 )

$187,000 (72 )

33.4%

Otaki

$355,100

$357,900

2.9%

$285,350

25.4%

$259,900

37.7%

$262,000

36.6%

40.8 % (2014 )

$345,000 (35 )

$325,500 (30 )

$274,000 (37 )

$237,250 (40 )

$216,000 (29 )

59.7%

Otaki Beach

$361,750

$355,650

3.3%

$294,250

20.9%

$253,700

40.2%

$276,500

28.6%

35.6 % (2014 )

$350,250 (14 )

$320,000 (21 )

$251,250 (12 )

$236,500 (18 )

$255,000 (9 )

37.4%

Paraparaumu

$483,550

$482,500

3.9%

$401,200

20.3%

$358,150

34.7%

$355,900

35.6%

35.9 % (2014 )

$455,000 (53 )

$427,500 (42 )

$355,000 (75 )

$346,500 (70 )

$386,000 (46 )

17.9%

Paraparaumu Beach

$547,000

$543,850

2.9%

$467,800

16.3%

$417,300

30.3%

$409,400

32.8%

33.2 % (2014 )

$514,000 (59 )

$504,500 (44 )

$449,000 (80 )

$389,500 (74 )

$393,000 (48 )

30.8%

HOROWHENUA/KAPITI Foxton

17.2%

63.6%

Raumati Beach

$552,950

$548,750

2.8%

$462,750

18.6%

$422,000

30.0%

$415,700

32.0%

37.2 % (2014 )

$473,750 (26 )

$526,835 (24 )

$414,484 (27 )

$321,000 (26 )

$400,000 (23 )

18.4%

Raumati South

$566,200

$570,200

4.3%

$473,500

20.4%

$428,150

33.2%

$414,900

37.4%

31.7 % (2014 )

$521,000 (27 )

$588,000 (26 )

$454,000 (25 )

$377,000 (23 )

$362,000 (21 )

43.9%

Waikanae

$527,300

$524,550

1.4%

$450,350

16.5%

$402,700

30.3%

$378,900

38.4%

33.4 % (2014 )

$503,000 (53 )

$511,500 (50 )

$414,500 (61 )

$381,000 (57 )

$360,500 (54 )

39.5%

Waikanae Beach

$593,000

$587,350

1.3%

$491,000

19.6%

$442,700

32.7%

$420,800

39.6%

48.3 % (2014 )

$587,000 (20 )

$592,250 (20 )

$501,775 (23 )

$414,000 (20 )

$372,000 (22 )

57.8%

$780,450 $380,950

$774,900 $382,400

-1.5%

$713,650 $327,400

8.6% 16.8%

$612,200

26.6%

$557,000 (18 )

$564,000 (13 )

34.1%

$363,000 (14 )

$767,000 (19 ) $383,500 (12 )

$681,500 (28 )

34.2%

7.5 % (2016 ) 11.5 % (2016 )

$785,000 (23 )

$284,850

N/A $285,200

N/A

-2.4%

$299,000 (7 )

$270,500 (5 )

$281,000 (9 )

39.2% 29.2%

Cannons Creek

$276,150

$278,050

0.3%

$252,750

10.0%

$197,350

40.9%

$222,800

24.8%

13.4 % (2016 )

$274,000 (16 )

$279,000 (15 )

$245,000 (9 )

$234,500 (12 )

$217,750 (14 )

25.8%

Papakowhai

$612,450

$615,000

2.0%

$540,950

13.7%

$457,900

34.3%

$463,400

32.7%

5.9 % (2016 )

$532,000 (7 )

$566,500 (8 )

$529,000 (13 )

$432,000 (11 )

$442,000 (10 )

20.4%

Paremata

$654,750

$651,000

1.3%

$585,200

11.2%

$523,050

24.5%

$512,500

27.0%

10.2 % (2016 )

$549,000 (15 )

$618,000 (10 )

$619,575 (17 )

$512,000 (11 )

$448,500 (8 )

22.4%

Plimmerton

$690,150

$688,700

0.7%

$628,600

9.6%

$542,450

27.0%

$560,800

22.8%

6.7 % (2016 )

$435,750 (8 )

$459,000 (8 )

$723,500 (13 )

$509,500 (14 )

$620,000 (8 )

-29.7%

Ranui

$353,250

$346,200

1.2%

$311,350

11.2%

$271,650

27.4%

$265,900

30.2%

-1.3 % (2016 )

$308,500 (10 )

$342,000 (15 )

$392,000 (11 )

$274,500 (14 )

$290,000 (8 )

6.4%

Titahi Bay

$442,450

$441,200

1.9%

$379,050

16.4%

$322,150

37.0%

$335,900

31.3%

11.3 % (2016 )

$449,000 (39 )

$428,000 (37 )

$359,500 (52 )

$322,000 (31 )

$310,000 (35 )

44.8%

Whitby

$623,800

$625,900

2.0%

$560,900

11.6%

$481,550

30.0%

$491,900

27.2%

2.4 % (2016 )

$628,500 (49 )

$639,000 (48 )

$558,250 (58 )

$473,000 (66 )

$430,500 (45 )

46.0%

UPPER HUTT Birchville

$422,700

$419,300

14.3%

$302,750 $303,300

38.5% 35.0%

$323,000

34.5% 26.8%

8.5 % (2016 ) 9.0 % (2016 )

$394,275 (24 ) $408,750 (16 )

$374,000 (21 )

$409,500

$362,600 $358,350

$311,700

$412,300

2.8% -0.3%

15.6%

Ebdentown

$401,500 (16 )

$335,000 (13 ) $394,500 (17 )

$275,750 (10 ) $317,000 (13 )

$269,000 (8 ) $304,000 (13 )

46.6% 34.5%

Elderslea

$442,750

$440,000

0.1%

$379,700

15.9%

$342,300

28.5%

$358,100

22.9%

13.8 % (2016 )

$479,500 (14 )

$410,000 (13 )

$366,000 (13 )

$329,000 (25 )

$270,500 (7 )

77.3%

Pinehaven

$481,550

$479,900

-0.2%

$430,850

11.4%

$367,300

30.7%

$372,700

28.8%

13.6 % (2016 )

$484,000 (9 )

$526,500 (12 )

$447,000 (9 )

$349,000 (13 )

$432,000 (7 )

12.0%

Silverstream

$551,200

$548,950

1.9%

$478,250

14.8%

$420,450

30.6%

$426,100

28.8%

13.4 % (2016 )

$459,625 (18 )

$543,500 (18 )

$472,500 (22 )

$394,000 (18 )

$384,000 (16 )

19.7%

Totara Park

$409,300

$404,150

-1.0%

$371,000

8.9%

$309,000

30.8%

$319,600

26.5%

4.0 % (2016 )

$388,000 (20 )

$395,000 (13 )

$356,000 (20 )

$292,000 (15 )

$281,000 (21 )

38.1%

GREATER WELLINGTON PORIRUA Aotea

Ascot Park

Trentham

$415,950

$416,750

0.7%

$362,450

15.0%

$303,950

37.1%

$315,400

32.1%

11.6 % (2016 )

$407,500 (40 )

$390,500 (40 )

$370,000 (58 )

$303,000 (40 )

$319,500 (28 )

27.5%

Wallaceville

$400,100

$400,000

1.6%

$347,100

15.2%

$288,150

38.8%

$299,400

33.6%

16.1 % (2016 )

$524,000 (5 )

$496,250 (3 )

$362,835 (15 )

$272,000 (12 )

$310,000 (6 )

69.0%

$491,750 $598,350

$492,500 $596,900

1.5% 1.1%

$430,150 $529,400

14.5% 12.8%

$358,600 $468,200

37.3% 27.5%

$366,200 $480,200

34.5% 24.3%

7.0 % (2016 ) 7.8 % (2016 )

$534,500 (21 ) $513,000 (18 )

$427,500 (18 ) $546,000 (15 )

$381,000 (25 ) $537,000 (17 )

$345,250 (16 ) $434,000 (13 )

$351,500 (18 ) $411,000 (9 )

52.1% 24.8%

HUTT Avalon Belmont Boulcott

$612,150

$610,650

1.6%

$546,550

11.7%

$474,350

28.7%

$468,100

30.5%

5.8 % (2016 )

$537,000 (23 )

$447,500 (18 )

$455,750 (14 )

$612,000 (9 )

$423,000 (9 )

27.0%

Eastbourne

$793,000

$794,200

1.4%

$730,700

8.7%

$659,400

20.4%

$695,300

14.2%

7.0 % (2016 )

$709,387 (22 )

$782,000 (20 )

$659,835 (22 )

$446,900 (14 )

$514,500 (17 )

37.9%

Epuni

$546,050

$545,600

1.5%

$484,400

12.6%

$406,600

34.2%

$409,800

33.1%

10.8 % (2016 )

$471,500 (14 )

$547,000 (11 )

$485,100 (14 )

$425,750 (10 )

$417,000 (9 )

13.1%

Kelson

$528,600

$525,350

2.2%

$457,600

14.8%

$377,100

39.3%

$372,200

41.1%

6.6 % (2016 )

$486,000 (7 )

$497,000 (9 )

$443,500 (14 )

$379,500 (9 )

$356,250 (10 )

36.4%

Maungaraki

$593,700

$589,050

1.3%

$522,000

12.8%

$408,750

44.1%

$410,100

43.6%

7.5 % (2016 )

$630,000 (17 )

$622,125 (14 )

$605,000 (23 )

$405,000 (17 )

$408,000 (14 )

54.4%

Naenae

$388,450

$389,250

4.0%

$318,300

22.3%

$264,000

47.4%

$283,300

37.4%

13.4 % (2016 )

$401,000 (39 )

$402,000 (33 )

$321,000 (37 )

$261,500 (34 )

$250,500 (22 )

60.1%

Normandale

$580,050

$576,750

0.4%

$511,400

12.8%

$417,550

38.1%

$408,400

41.2%

9.4 % (2016 )

$549,000 (7 )

$614,000 (7 )

$519,000 (9 )

$362,000 (11 )

$397,000 (9 )

38.3% 26.4%

Petone

$614,050

$618,900

0.4%

$573,250

8.0%

$443,450

39.6%

$432,400

43.1%

4.8 % (2016 )

$580,601 (47 )

$587,000 (43 )

$526,000 (33 )

$444,000 (39 )

$459,500 (38 )

Stokes Valley

$393,250

$385,550

2.6%

$340,300

13.3%

$286,000

34.8%

$305,300

26.3%

10.0 % (2016 )

$398,000 (65 )

$375,500 (56 )

$326,000 (79 )

$284,000 (55 )

$300,000 (37 )

32.7%

Taita

$374,650

$373,500

3.5%

$319,750

16.8%

$258,550

44.5%

$264,000

41.5%

9.4 % (2016 )

$387,000 (28 )

$349,000 (23 )

$311,000 (31 )

$306,500 (31 )

$290,000 (13 )

33.4%

Wainuiomata

$338,800

$338,600

2.8%

$282,100

20.0%

$233,800

44.8%

$255,400

32.6%

13.8 % (2016 )

$329,000 (101 )

$330,875 (96 )

$271,000 (100 )

$233,500 (86 )

$228,000 (49 )

44.3%

Waiwhetu

$511,900

$510,350

2.3%

$441,200

15.7%

$365,150

39.8%

$352,300

44.9%

10.5 % (2016 )

$531,000 (20 )

$513,500 (18 )

$369,000 (21 )

$342,000 (21 )

$304,000 (23 )

74.7%

Waterloo

$590,750

$586,200

0.9%

$526,000

11.4%

$433,900

35.1%

$434,900

34.8%

7.5 % (2016 )

$571,000 (17 )

$579,000 (15 )

$524,000 (15 )

$465,500 (24 )

$523,000 (15 )

9.2%

WELLINGTON Aro Valley Berhampore

$661,550

$670,700 $578,900

0.1%

$596,800

$404,700

35.5 % (2015 )

$668,750 (8 ) $605,000 (23 )

$968,750 (2 ) $625,397 (18 )

$559,500 (11 ) $544,446 (24 )

$472,000 (5 ) $362,000 (22 )

$464,000 (7 ) $460,000 (7 )

44.1%

$423,900

45.6% 43.0%

44.5 % (2015 )

$521,300

36.0% 36.6%

$460,500

-0.4%

12.4% 11.0%

$493,050

$582,900

Brooklyn

$745,150

$749,350

0.0%

$685,500

9.3%

$570,000

31.5%

$538,400

39.2%

29.5 % (2015 )

$629,000 (33 )

$642,000 (25 )

$579,600 (34 )

$518,800 (22 )

$529,500 (20 )

18.8%

31.5%

Churton Park

$721,950

$719,450

0.3%

$635,350

13.2%

$546,050

31.8%

$513,900

40.0%

28.7 % (2015 )

$687,000 (25 )

$662,000 (33 )

$663,000 (41 )

$568,000 (27 )

$562,750 (28 )

22.1%

Hataitai

$845,300

$844,850

-1.5%

$766,100

10.3%

$648,700

30.2%

$597,500

41.4%

24.1 % (2015 )

$794,550 (34 )

$759,000 (35 )

$649,000 (28 )

$584,000 (23 )

$591,500 (22 )

34.3%

Island Bay

$805,600

$802,050

0.0%

$712,500

12.6%

$609,850

31.5%

$555,100

44.5%

28.1 % (2015 )

$718,000 (38 )

$767,500 (31 )

$618,000 (33 )

$600,250 (30 )

$617,000 (25 )

16.4%

Johnsonville

$582,500

$581,350

0.8%

$515,950

12.7%

$420,500

38.3%

$401,300

44.9%

37.1 % (2015 )

$572,000 (42 )

$601,250 (52 )

$519,000 (53 )

$445,625 (60 )

$384,000 (51 )

49.0%

Karori

$794,850

$790,850

-1.0%

$711,500

11.2%

$587,750

34.6%

$552,200

43.2%

34.3 % (2015 )

$718,000 (60 )

$722,690 (58 )

$574,550 (76 )

$527,000 (69 )

$470,500 (54 )

52.6%

Kelburn

$1,120,950

$1,122,000

-1.9%

$1,009,800

11.1%

$867,550

29.3%

$819,700

36.9%

20.2 % (2015 )

$980,000 (7 )

$999,000 (5 )

$1,276,250 (10 )

$782,250 (14 )

$875,000 (20 )

12.0%

Khandallah

$919,200

$915,100

-1.4%

$826,850

10.7%

$700,550

30.6%

$674,200

35.7%

27.6 % (2015 )

$792,000 (50 )

$743,150 (41 )

$822,000 (55 )

$656,500 (44 )

$761,000 (53 )

4.1%

Kilbirnie

$630,600

$628,250

1.1%

$577,100

8.9%

$472,250

33.0%

$435,900

44.1%

27.5 % (2015 )

$722,000 (11 )

$544,750 (10 )

$555,500 (12 )

$515,200 (13 )

$459,000 (14 )

57.3%

Lyall Bay

$683,450

$677,200

1.5%

$600,650

12.7%

$498,050

36.0%

$464,500

45.8%

38.5 % (2015 )

$627,500 (12 )

$680,500 (12 )

$633,500 (16 )

$448,000 (8 )

$521,500 (14 )

20.3%

Miramar

$734,300

$729,750

1.7%

$652,100

11.9%

$531,600

37.3%

$492,500

48.2%

36.4 % (2015 )

$738,791 (33 )

$743,000 (41 )

$604,063 (47 )

$493,000 (36 )

$512,000 (29 )

44.3%

Newlands

$552,650

$546,100

-1.1%

$479,150

14.0%

$388,800

40.5%

$376,200

45.2%

36.8 % (2015 )

$536,250 (46 )

$536,000 (43 )

$443,750 (38 )

$406,500 (28 )

$407,000 (31 )

31.8%

Newtown

$676,450

$669,650

-1.1%

$613,150

9.2%

$499,350

34.1%

$465,900

43.7%

35.4 % (2015 )

$659,000 (23 )

$588,000 (17 )

$614,150 (36 )

$475,000 (41 )

$484,000 (23 )

36.2%

Ngaio

$750,500

$748,900

1.2%

$676,250

10.7%

$563,400

32.9%

$528,000

41.8%

33.1 % (2015 )

$755,000 (31 )

$668,000 (29 )

$690,500 (23 )

$559,500 (25 )

$577,000 (35 )

30.8%

Northland

$786,850

$789,650

-0.7%

$713,800

10.6%

$595,400

32.6%

$560,000

41.0%

33.9 % (2015 )

$694,500 (14 )

$655,500 (16 )

$623,500 (12 )

$567,000 (11 )

$485,100 (13 )

43.2%

Paparangi

$586,850

$580,200

-1.4%

$508,800

14.0%

$413,900

40.2%

$396,500

46.3%

37.0 % (2015 )

$596,500 (12 )

$594,000 (7 )

$523,000 (13 )

$411,333 (5 )

$405,660 (13 )

47.0%

Seatoun

$1,281,850

$1,272,900

-0.8%

$1,149,550

10.7%

$975,900

30.4%

$935,500

36.1%

36.3 % (2015 )

$998,000 (16 )

$961,000 (11 )

$886,000 (20 )

$859,000 (15 )

$844,500 (12 )

18.2%

Strathmore Park

$718,650

$716,200

2.1%

$641,000

11.7%

$527,700

35.7%

$485,700

47.5%

42.1 % (2015 )

$802,000 (12 )

$749,000 (6 )

$579,000 (23 )

$524,000 (7 )

$462,500 (15 )

73.4%

Tawa

$562,500

$560,400

2.3%

$495,650

13.1%

$413,500

35.5%

$397,800

40.9%

31.2 % (2015 )

$576,000 (68 )

$604,500 (40 )

$480,525 (68 )

$413,750 (47 )

$400,000 (65 )

44.0%

Te Aro

$501,100

$503,050

1.7%

$451,300

11.5%

$398,400

26.3%

$420,100

19.7%

29.0 % (2015 )

$456,000 (52 )

$450,250 (54 )

$334,000 (63 )

$325,000 (45 )

$322,000 (28 )

41.6%

Wadestown

$968,550

$967,500

0.0%

$866,050

11.7%

$750,450

28.9%

$714,500

35.4%

27.1 % (2015 )

$809,500 (16 )

$717,000 (12 )

$781,250 (16 )

$662,000 (19 )

$709,750 (14 )

14.1%

Wellington Central

$396,100

$397,650

3.4%

$362,550

9.7%

$315,350

26.1%

$331,700

19.9%

30.9 % (2015 )

$240,500 (22 )

$274,000 (19 )

$354,000 (19 )

$389,000 (11 )

$291,000 (9 )

-17.4%

Wilton

$680,300

$673,250

3.5%

$621,550

8.3%

$504,200

33.5%

$479,200

40.5%

31.3 % (2015 )

$613,000 (9 )

$549,000 (10 )

$570,000 (13 )

$547,000 (11 )

$461,500 (16 )

32.8%

Woodridge

$660,000

$659,900

4.4%

$568,900

16.0%

$490,400

34.6%

$470,600

40.2%

33.4 % (2015 )

$570,825 (8 )

$664,838 (4 )

$481,000 (9 )

$405,000 (13 )

$599,500 (6 )

-4.8%

Smart property decisions start here

18

September 4, 2017 | PROPERTY REPORT

SPOTLIGHT ON . . . PONSONBY

Vibrant suburb appeals to many Ponsonby’s cafe and bar scene, plus being close to the CBD, attracts the young and young at heart, writes Graham Hepburn

F

The colourful Pride Parade is one of many community events in Ponsonby. PHOTO / FILE

irmly entrenched as one of central Auckland’s most desirable suburbs, Ponsonby is seeing more apartment developments as land values rise along with the demand for homes. Sites that used to be home to light industry are being snapped up for redevelopment, a classic example being Vinegar Lane. Once home to the DYC Vinegar factory, the site was acquired for the ill-fated and abandoned Soho Square development before being bought by Progressive Enterprises for a new supermarket. The company wanted only half of the site for its supermarket so the rest has been developed as a mixed-use site of commercial and residential buildings. Houses are up to four-storeys high and have internal courtyards, recessed balconies and roof terraces to provide outdoor living. These types of developments are popular with young professionals and also older couples whose children have left home. Wanting a bit more nightlife and less house maintenance, these more mature people have been selling up their family homes in the double grammar zone on the eastern side of the city and moving to Ponsonby or neighbouring Herne Bay. Ponsonby continues to attract people who enjoy an urban lifestyle, with a humming cafe and bar culture that is as alluring as its proximity to the city. Bernadette Morrison, of Bayleys, says people love Ponsonby for the lifestyle and the vibrant community that businesses and homeowners have worked hard to create. She says residents enjoy being able to leave the car at

home and walk to local shops and cafes. “A walk down the tightly packed streets shows villas with a blend of architectural styles, many refurbished with contemporary interiors and wide open back yard spaces. “The newly completed apartments in Vinegar Lane are a welcome addition to the area and offer the opportunity to live an exciting urban lifestyle.” Because Ponsonby is one of Auckland’s older suburbs and most of its housing was built by 1900, the villa is the dominant housing style although there is a smattering of townhouses and apartments that are being built on former commercial or industrial land. Many of the villas have been preserved and a lot have been extended to create more space and better indooroutdoor flow. Most of the development along Ponsonby Rd has seen old shops or houses turned into cafes, bars and restaurants, which means the strip has retained a lot of its character. Ponsonby is renowned for its community events, although more conservative types weren’t happy with the Hero Parade, a colourful nighttime celebration of gay pride down Ponsonby Rd that started in the 1990s and ran most years until it fizzled out in 2001 due to financial difficulties. The parade has returned to Ponsonby Rd in a much more family-friendly form as part of the Pride Festival, with the Pride Parade held during the day. It will be hitting the streets again next February. And at Christmas time, the switch is thrown on the Franklin Rd Christmas lights. Homes and businesses along the street are draped with fairy lights and feature all sorts of Christmas-themed illuminations.

19

September 4, 2017 | PROPERTY REPORT

RECENT SALES Felicity Scott, of Barfoot & Thompson, sold 34 Islington St, a three-bedroom bungalow sitting on a 299sq m site for $1.688 million. Andre Bodde, of Barfoot & Thompson, sold 1/22 Prosford St, a one-bedroom, one-bathroom apartment with single garage in a building on a corner site for $731,000. His colleague David Dowse sold 81 Summer St,

PROPERTY PRICES Bernadette Morrison says Ponsonby recorded a median house price of $1.688 million over the June 2017 quarter according to provisional figures released by the Real Estate Institute of New Zealand. The median price was up 8.2 per cent, or $128,000, from the same period a year earlier, compared to a 3.6 per cent median price increase in the wider Auckland region over the same period. An entry-level property would be a one-bedroom apartment that could be bought for $600,000 to $900,000. A three-bedroom home on a site of between 300sq m and 600sq m would sell in the range of $1.6 million to $1.8 million. Four-bedroom homes on similar sized sites would sell for between $2.2 million and $3 million.

a three-bedroom, two-bathroom home on 429sq m of land with one off-street park for $1.76 million. Sherryl Jones, of Barfoot & Thompson, sold 39 Douglas St, a four-bedroom, two-bathroom home with off-street parking for $1.7 million. The Remuera branch of Barfoot & Thompson sold a four-bedroom, three-bathroom home on a 458sq m site at 36 Ponsonby Tce for $2.83 million.

RENTS Two-bedroom units or apartments start at $550 a week, while three-bedroom homes are from about $800 upwards. Larger homes are few and far between but normally rent for more than $1000.

SCHOOLS

$2.83 million: 36 Ponsonby Tce.

Ponsonby Primary, Ponsonby Intermediate, Western Springs College, Auckland Girls Grammar, St Marys College, St Pauls College.

BEST STREETS Tole, Cowan, Clarence and Lincoln Sts, Ponsonby Tce

LOCAL ATTRACTIONS $1.76 million: 81 Summer St.

$1.7 million: 39 Douglas St.

Eating out Ponsonby has some of the best cafes, restaurants and bars in the country. If you love your caffeine, food or just plain old partying, the Ponsonby Rd strip has got it all. Franklin Rd Christmas lights Families pack Franklin Rd around Christmas time, to view the lighting display put on by homes and businesses along the street. Fairy lights are everywhere and there are all sorts of zany Christmas-themed illuminations.

$731,000: 1/22 Prosford St.

BAYLEYS PONSONBY ADDING VALUE IN EVERY TRANSACTION

Our residential sales team offer experience, expertise and the local knowledge to make a difference. When you need the best advice possible, turn to the experts – Bayleys Ponsonby. Call us today.

Pride Parade Ponsonby is a stronghold for the gay community, making the parade a great occasion for people to express themselves and have a good time.

$1.688 million: 34 Islington St.

Bernadette Morrison

Edward Pack

Blair Haddow

Jono King

Robyn Clark

Chris Batchelor

Karen Spires

Sally Ridge

Daryl Spense

Lisa Smyth

Simon Smith

David Downie

Luke McCaw

Suzie Paine

Peter Tanner

Trisha Vincent

Bernadette Morrison Sales Manager, 305 Ponsonby Road, Ponsonby, Auckland 09 375 8494 | 021 345 520 | bernadette.morrison@bayleys.co.nz Bayleys Real Estate Ltd, Licensed under the REAA 2008

www.bayleys.co.nz

20 September 4, 2017 | PROPERTY REPORT SPOTLIGHT ON . . . ELLERSLIE

The Auckland Jockey Club began staging races in Ellerslie in 1857. Photo / Files

Racing to live in Ellerslie Locals can thank a forward-thinking Scot for the amenities they enjoy in their suburb today, writes Graham Hepburn

R

acegoers who enjoy the beautiful gardens around Ellerslie Racecourse owe a debt of thanks to the vision of Scottish entrepreneur Robert Graham. While Ellerslie is synonymous with the racecourse of the same name, Graham first developed the area as farmland in the late 1840s. He also created a zoological park with exotic animals, and gardens around what is now Robert St in the 1870s that became a popular destination for day-trippers. The Auckland Jockey Club began staging races in 1857 and a few decades later the surrounding streets were filled with stables until residents became sick of the smell and the flies, forcing the stables to move further out to places such as Pukekohe and Takanini. Graham had planned to create a cemetery on the remainder of his estate but central government denied him permission so he subdivided the land into residential lots. The first national census in 1878 recorded 32 residents in the

village. By the 1930s there was a primary school, churches, sports clubs, a post office and a railway station. Residential development wasn’t rapid, though. In the 1950s there were still open tracts of scrubby land and paddocks. That picture has changed now with more housing and some light industry becoming established in the suburb. At the 2013 NZ Census, Ellerslie had 8667 residents, 80 per cent of which were young families. Sitting only 7 km southeast of Auckland’s CBD and with good transport links, the suburb was a popular hunting ground for first home buyers before house prices soared in the past decade. Many of the older homes close to the town centre have been replaced by apartments and terraced homes, providing affordable options and giving a younger feel to the area. David Storer, of Bayleys, says, “Locals love Ellerslie for its compact feel. It is a village, not a town, with a genuine high street along Main Highway featuring a plethora of culinary options day and night. “Education needs are a stroll away, be it the full primary at Ellerslie School, St Mary’s or Michael Park Steiner School.” He says the town centre, once quiet at night, is now a popular place to socialise.

“Doolan Brothers and Union Post lead the charge here but it is not all beer and bar quizzes, with the War Memorial Hall recently hosting Friends of the APO and The Improv Bandits also appearing.” Wendy Sadd, of Barfoot & Thompson, says the rejuvenated town centre is a source of pride. “There is always something to do. The local community come together to celebrate a wonderful fairy parade midSeptember every year that is specific to Ellerslie. This sees the main road shut down and is full with fairies and pirates telling stories and painting faces. It is a magical day of fun for the whole family. They also have an amazing Santa Parade which brings out the local community to get into the festive spirit.” Arterslie — an annual art festival — is also a popular event. Joe Voordouw, manager of Harcourts Ellerslie, says “Ellerslie appeals to a wide range of buyers mainly because of its great location. Not only is it handy to the city centre but it also has many of the other attractions that Auckland has to offer.” He adds it is well serviced by public transport with easy access to the motorway. Growing commercial and office districts in the suburb — as well as in Penrose and around Stonefields — that have replaced less attractive industrial areas, have increased Ellerslie’s appeal as a place to live for those workers.

21

September 4, 2017 | PROPERTY REPORT

RECENT SALES Barfoot & Thompson sold 22 Pukerangi Cres, a fourbedroom, two-bathroom family home in a soughtafter street on 776sq m for $1.585 million. The agency also oversaw the sale of 16 Innisfree Dr, a four-bedroom family home in need of modernising on 607sq m for $1.316 million. And it sold 3 Somerfield St, a two-bedroom home on a desirable flat site of 916sq m for $1.88 million. Bayleys agents Reinka Ratti and Steve Gill sold 387a Ellerslie- Panmure Highway, a three-bedroom,

PROPERTY PRICES one-bathroom single-level brick and tile home on 819sq m for $935,000. Their colleagues Michelle Hicks and Christopher Valladares oversaw the sale of 10a Umere Cres, a five-bedroom, two-bathroom contemporary home on 500sq m, which went for $1.35 million. Andrew Rumbles, of Bayleys sold a four-bedroom, two-bathroom modernised villa on 577sq m at 15 Findlay St — just a short stroll from the village — for $1.43 million.

An entry-level property, such as a two-bedroom terraced townhouse, ranges in price from $675,000 to $725,000. Two-bedroom units can be bought in the $600,000s. A three- or fourbedroom home on a 500sq m site would sell for between $1 million and $1.2 million. Larger homes on sites of about 750sq m generally sell for $1.75 million to $2.5 million.

RENTS Two-bedroom units or townhouses typically cost between $400 and $550 a week, depending on their age and amenities. Three-bedroom homes start around $600 and head into the $700s. Larger homes start at $800 a week.

SCHOOLS Ellerslie School, St Marys School, Michael Park School, One Tree Hill College.

$1.88 million: 3 Somerfield St.

BEST STREETS Pukerangi Cres, Umere Cres, Amy St, Aaron St, Malabar Dr, Ballin St. David Storer, of Bayleys, says many grander homes have traditionally sat along the streets heading up the ridge towards Remuera with Ladies Mile, Arthur, Arran and Amy Sts all leading up to Pukerangi Cres, some enjoying views to One Tree Hill or across Michaels Ave Reserve.

LOCAL ATTRACTIONS

$935,000: 387a Ellerslie Panmure Highway.

$1.35 million: 10a Umere Cres.

$1.585 million: 22 Pukerangi Cres.

$1.43 million: 15 Findlay St.

Ellerslie Racecourse Renowned for the gallops, Ellerslie Racecourse events have increasingly become more about family fun, fashion and food. The Pop Up Globe, hosting Shakespeare plays, was held in the gardens. The course’s infield has a driving range and a pitch and putt nine-hole course. Ellerslie Village The business association has been behind improving the streetscape of the town centre and boosting its vibrancy. The main street has cafes, bars and restaurants that are well supported by locals. Regular events such as this Sunday’s Ellerslie Spring Fairy Festival & Pirate Party attract big crowds.

BAYLEYS ONE TREE HILL AND ELLERSLIE

One Tree Hill

Ellerslie RESIDENTIAL RE LTD, BAYLEYS, LICENSED UNDER THE REA ACT 2008

22 September 4, 2017 | PROPERTY REPORT SPOTLIGHT ON . . . MAIRANGI BAY

Many of the bay’s properties lie beautifully to the sun. Photo / Files

Seaside lifestyle appealing With views of the channel and Rangitoto, it’s no wonder Mairangi Bay is a popular place to live, says Graham Hepburn

S

ea views and a laidback seaside lifestyle are the big drawcards for residents of Mairangi Bay. As Emma Donkin, Barfoot & Thompson Mairangi Bay branch manager, points out: “Due to Mairangi Bay’s sloping contours, many of the properties in this locality lie beautifully to the sun and to the magnificent Rangitoto and channel views — and prestigious clifftop properties understandably command premium prices.” With a village shopping centre and reserve and playground beside the safe swimming beach, it’s no wonder that locals love the lifestyle here. In summer, workers often pop down to the beach for a swim at lunchtime, and families enjoy evenings on the beach. The beach has its own surf lifesaving club, which patrols during summer. Like other parts of the North Shore, residential development began in earnest after the harbour bridge was opened in 1959. Before that, the area was dotted with holiday homes.

The land on which they sat used to be owned by Joseph Murray, whose farm spanned Murrays Bay and Mairangi Bay. In 1880 he had bought the land off local Maori, who knew the area as Waipapa, which means “water over wood” because of the stumps and logs found embedded in the sand in this area, the remnants of an ancient forest. When Murray took over the land, the two bays were known as Big and Little Murrays bays but after he sold the land to developers in 1912, to avoid confusion Little Murrays Bay was eventually renamed Mairangi Bay. Paula Morrison, Bayleys Mairangi Bay sales manager, says while the area enjoys its special community feeling, it is still within reasonable commuting distance of Auckland City, and has excellent local primary and intermediate schools and is in zone for Rangitoto College, the area’s most soughtafter high school. It is also handy to other institutions such as the Millennium Institute (for high-performance sport) and Massey University’s Albany campus. She adds: “Mairangi Bay has a mixture of housing, from

renovated 1950s houses to modern, designer homes, to apartments and stunning cliff-top properties with amazing water views. “There are also a number of community sports and social clubs including tennis and bowls, and the Mairangi Arts Centre offers a variety of day and evening classes. Nearby Murrays Bay has a yacht club — a hub for boating enthusiasts — where some of New Zealand’s finest sailors began their careers.” Emma Donkin adds, “Properties in this suburb generally consist of family homes, with a small scattering of ownership units throughout, although these are rarely available. “Many homes were built in the 1960s on smaller sites, which, until now, have been too small to subdivide. “However, with the advent of the new Unitary Plan, more and more adjoining properties have been bought by developers with a view to high-density housing being constructed. “Many of the older style homes in ‘blue ribbon’ streets have been rebuilt to provide outstanding family homes.”

23

September 4, 2017 | PROPERTY REPORT

RECENT SALES Stephanie Glennie and Peter Christoffersen, of Bayleys, marketed 1/7a Brighton Tce, which changed hands for $875,000. A 1960s brick and tile unit close to the Mairangi Bay shops, it has two bedrooms, a single detached garage and a small, private garden. Tara Menzies, of Bayleys, sold 9 Folkestone St, a four-bedroom, two-bathroom weatherboard home on a cross-lease site with sea views for $1.83 million. Bayleys' Sam Yeung sold 111a Matipo Rd, a four-

PROPERTY PRICES bedroom home on a 454sq m site for $1.285 million. Barfoot & Thompson marketed and sold the following three properties: 17B Ronald Macken Pl, a four bedroom, two-bathroom two-level townhouse on a 1â „2 share of 802sq m for $785,000; 474 East Coast Rd, an elevated three-bedroom brick/block/cedar home on 811sq m at pre-auction for $1.8 million; and 387 Beach Rd, a three-bedroom home with rumpus room on 850sq m at auction for $2.06 million.

A two- or three-bedroom unit or a home on a crosslease site sells for $800,000 up to the early $1 millions. An average home of three or four bedrooms on a site up to 800sq m in size sells from the low $1 millions up to the high $1 millions. A top-end property with up to five bedrooms sells for $2 million-plus.

RENTS Two-bedroom homes generally rent for $450-$500 a week, while three-bedroom homes are $600 upwards. Four-bedroom homes normally rent for around $700, while larger and more prestigious homes can easily top $1000 a week.

SCHOOLS Mairangi Bay, Murrays Bay and St Johns primary schools; Murrays Bay intermediate; Rangitoto College

$875,000: 1/7a Brighton Tce.

$1.285 million: 111a Matipo Rd.

BEST STREETS Whitby Cres and Brighton Tce for top end clifftop and executive homes with few properties left in their original state. Penzance Rd and St Ives Tce are popular with families.

LOCAL ATTRACTIONS Mairangi Bay beach White sands and safe swimming make this beach popular with families, especially with a playground nearby. Workers come down to the beach during lunchtime, sometimes with fish and chips, kick off their shoes and enjoy the setting. $1.8 million: 474 East Coast Rd.

$2.06 million: 387 Beach Rd.

$785,000: 17B Ronald Macken Pl.

$1.83 million: 9 Folkestone St.

Waterfront Opportunity T

here is something very special about our clean green New Zealand waterfront. With the sound of waves gently lapping the shore below and the crystal clear waters of the Hauraki Gulf stretching out to Rangitoto Island and beyond, you will never want to leave.

This undeniably beautiful cliff top home enjoys

simply sublime uninterrupted views, a perfect grandstand viewing platform for the Americas Cup. Elevated and north facing to enjoy all day sun, yet set on a completely flat and expansive 860m2 (more or less) freehold site.

L

oved by the current owners for almost twenty years, the home is immaculate both inside and out. There is also serious potential to add significant value with a cosmetic update should it be desired.

Rothesay Bay 129 Churchill Road

Mairangi Arts Centre The Mairangi Arts Centre in Hastings Rd is a community group with the centre holding regular exhibitions in its main gallery as well as providing studio space and exhibitions for emerging artists. There are also classes, workshops and holiday programmes. Farmers market Every Saturday from 8am to noon, the Mairangi Bay Farmers Market offers locally grown produce, fresh bread, gourmet food and handmade crafts. The market operates in the Barfoot & Thompson carpark, accessed via Green Gables.

As you step inside the front door you will

be greeted with space and grandeur. From the expansive living areas, huge family kitchen and spacious bedrooms to the amazing oversized carpeted garaging for four vehicles. Of course, there is also exceptional amounts of storage and plenty of extra parking for boats and guests.

E

njoying direct access to the gum-diggers coastal track from your garden, with all the local beaches within an easy stroll. Superbly located to also enjoy a flat five-minute walk to Rothesay Bay cafes and shops. Zoned for Rangitoto College and quick easy access to the private schools of Kristin and Pinehurst.

You will love this! Motivated vendors. For Sale: $3,895,000 View: Sunday 12- 12.45pm or By Private Appointment

Tara Menzies

B 09 487 0628 | M 021 720 307 tara.menzies@bayleys.co.nz 396 Beach Road, Mairangi Bay

Bayleys Real Estate Ltd, Mairangi Bay, Licensed under the REAA 2008

Outlook Green – introducing the Mews Collection A strictly limited choice of secluded apartments in stunning north-facing Outlook, Mission Bay. These superbly appointed two-bedroom and one-bedroom apartments come with a wonderful ‘something extra’ – real privacy. On the ground floor choose from two different garden apartment formats; two bedrooms (with media room) or one bedroom. Each has its own discreet courtyard (up to 140m2), a delightful green oasis for entertaining, for children to play, or for a pet to run free. Or choose a super-stylish one-bedroom apartment on Level One, with a beautiful outlook over the manicured shared garden. These apartments allow you to bask in the sun and enjoy the peace and quiet of this attractive private enclave within the complex. All Mews Apartments have the easiest of access to the sheltered shared garden, with its covered barbecue-dining area.

Visit our display suite at 236 Kepa Rd, Mission Bay Open Mon–Sun 10am–2pm, Thurs 6pm–8pm or by private appointment.

Trent Quinton 021 894 070

Ellis Prince 021 261 2590

trent.quinton@bayleys.co.nz ellis.prince@bayleys.co.nz

ONE BEDROOM APARTMENTS FROM $895,000 T WO BEDROOM + MEDIA APARTMENTS FROM $1,995,000

Find out more and register your interest at youroutlook.co.nz

Licensed under the REAA 2008