Issuu

Monday, March 5, 2018

PHILTHE BUILDER HAVING A BOB EACH WAY

WHY TENANTS ARE STRUGGLING P8 INSIDE: LATEST QV.CO.NZ VALUES COVERING 420 NORTH ISLAND SUBURBS

WE HAVE HIDDEN OUR BEST KEPT SECRET SOMEWHERE IN HERE...

March 5, 2018 | PROPERTY REPORT

Inside Twyford’s plans for housing

3, 4

Market Watch with Nick Goodall

Property value trends

Check or chance

Coastal forecast

Pitfalls of renting

8, 9

QV Data Report with Andrea Rush

A day at the auctions

What the industry says

What your home is worth Spotlight on Beachlands Takapuna Dannemora

12-17 18, 19 20, 21 22, 23

Editor: Steve.Hart@nzherald.co.nz Contributors: Diana Clement, Catherine Smith, Greg Fleming, Sandra Goodwin, Lawrence Watt, Donna McIntyre, Nick Goodall, Andrea Rush. Photos: NZHerald, Getty, and supplied. Production: Donna McIntyre. Cover design & graphics: Rob Cox, Gina Lenssen. Display advertising: (09) 373 6004. Source: QV.co.nz / NZHerald graphic

Kiwi tenants need a safety net

t’s a mystery to me why some landlords, with a property worth hundreds of thousands of dollars, would allow it to fall into disrepair. This not only lowers the value of the property (and has an impact on neighbouring homes), it causes stress to the tenants and has knock-on effects such as health issues and higher heating bills. (A hole in the roof will do that.) Some landlords, as we discover in this edition of Property Report, think it’s okay to have a leaky roof, causing tenants to place a bucket on the floor to catch rainwater. Another property owner expects their tenant to carry out repairs for them. It seems landlords are free to ignore requests from tenants to carry out essential maintenance. Tenants are often reluctant to take matters further for fear of being given notice to quit. It’s like something out of Medieval Britain. I know of one person who won’t complain to their landlord about leaky guttering and a broken oven for fear of the rent going up. Is this how people are expected to live? In fear? And with notice periods of 42 or 90 days; how are families supposed to settle in a community?

One thing is for sure, absent landlords — who are living off-shore — add to the issues faced by tenants who have no direct line to the person they are paying rent to. It is high time the law was changed to give tenants security of tenure; so they can make a home and provide their children with a solid base. Having the shadow of a notice to quit over you is no way to live in a modern and progressive country. Landlords should also be required by law to keep their properties up to code. House building Who would want to be in minister Phil Twyford’s shoes?

While the previous government robustly denied there was a housing crisis, people were routinely found sleeping in the streets and in cars — if they were lucky enough to own one. Some home owners (and renters) converted their garage into “living” accommodation without resource consent. Now Labour has completed a stocktake, the housing/ homeless landscape is worse than we were led to believe. And although we could point fingers in a blame game, the bottom line is, it is Labour’s problem to fix. Thankfully, there should be some harmony between Auckland Council and Central Government; because issues this large cannot be fixed by the city council without support. Twyford, Minister of Housing and Urban Development, is hoping a Government-backed housing plan will allow private firms to build small homes on small sections that will be funded by the banks. In other words, the Government will under-write private home building schemes. That’s all well and good. But the Government also needs to ensure those unable to get a mortgage have the safety net of state housing at rents that won’t leave their children hungry.

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.

March 5, 2018 | PROPERTY REPORT

Phil Twyford, Minister of Housing and Urban Development, says there are ways to bring down the price of urban land so buildings can go up and allow spread without the cost of infrastructure — but he doesn’t say how.

PHOTO / JASON OXENHAM, NZHERALD

Twyford has a bob each way Increased borrowing by council and ‘targeted’ rates means SuperCity residents will pay to fix Auckland’s housing woes, writes Catherine Smith

ith a job title that includes housing, urban development and transport, new minister Phil Twyford is clear about his brief. “It transcends talk about traffic. It’s how we manage a city’s growth,” he says, from his car on the way to the airport after a presentation with the Employers and Manufacturers Association in Auckland. He’s doing a lot of selling his idea to groups from The Salvation Army to the Auckland Housing Summit. “It’s a splendid idea to build housing around transport hubs. And our new urban design authority will cut though the red tape to make development happen.” Every pundit for the last five years has a view on why the housing prices and supply got so out of whack, not just in Auckland, but also in other growing cities around the country. Despite his transport hat, Twyford is firmly of the ‘bob-each-way’ school of development that Auckland should be allowed to grow both up and out. “We really need to intensify. On the fringes, it’s expensive to build the infrastructure — and people want to be close to the jobs. Given the housing choices and the lifestyle choices, a young family wants an affordable place that’s not threequarters of an hour drive on the motorway. They don’t want to spend the weekends on mowing and gardens.” He echoes the vision of urbanists around the world, of apartment or terrace housing that is part of a walkable community, five minutes from transport hub with frequent service, density done well, high-quality builds. And concurs that the conversation often doesn’t include what’s known as the missing middle, the bit between multi-storey apartment blocks and spreading single family homes. “The market has failed to deliver a better choice and mix of housing,” he says. “The Auckland unitary plan is significant in freeing up height and density rules, especially around stations or town

hubs, to encourage density there, right around the city. Two or three storeys. Yes, we look after the heritage and beautiful garden suburbs, but three-storey walk-ups, town houses and terraces will deliver the human scale.” The tangle comes with the high price of urban land. Without going into specifics, Twyford insists there are things that can bring down the price of urban land, free up density and height so that buildings can go up and allow spread without the cost of infrastructure. He says that infrastructure today adds $50,000-$60,000 to the cost of the new build; but doesn’t say how the cost to councils (which can be over $100,000 each property) can be spread, or the mechanisms to discourage builds where infrastructure is uneconomic. He does, however, see that

The market has failed to deliver a better choice and mix of housing.

Phil Twyford

central government can help councils find the money to build the infrastructure. “One of the big obstacles, the block to growth is the lack of finance [to councils] to provide infrastructure. The status quo is a council that is strapped for cash, at its borrowing limits. Central government occasionally writes a big cheque for infrastructure, but how do you finance the growth? The last government set up Crown Infrastructure Partners. We’re looking at how to extend that, tap into long-term debt finance, for example selling bonds, or debt serviced by the developers that benefit, such as a targeted rate. That could unleash the ability of the city to grow.” Once land is sorted, the issue then turns to buildings to put on it. In December, the minister announced the launch of KiwiBuild to deliver 100,000 affordable houses over the next 10 years, boosting residential construction investment by 10 per cent, or $5.4 billion, by 2022. When legislation is passed, this programme will be picked up by the new urban authority, called the Housing Commission, but work is already under way. To get a grip on the size of the problem, Twyford commissioned an independent stocktake of the housing sector by Alan Johnson of The Salvation Army, Otago public

health professor Philippa Howden-Chapman and economist Shamubeel Eaqub. The sobering conclusion, supported by extensive data gathering, confirmed the crisis may be worse than thought across the whole sector from home ownership and market renting, to state housing and homelessness, and the social and health costs of substandard housing. Talk continues. Twyford is part of an Auckland crisis working group along with Deputy Mayor Bill Cashmore, iwi, NGOs and housing industry people. In March alone, the amalgamation of housing organisations, Community Housing Aotearoa (CHA), lists four talkfests from groups as diverse as the Property Council to the NZ Coalition to End Homelessness. CHABRANZ, research company Beacon and The Policy Observatory have a workshop on delivering good medium-density community housing, while the pre-fab sector has a design CoLab to raise productivity in construction methods. One of the 11 National Science Challenges, Building Better Homes Towns and Cities, released a study in December — lost in the Christmas rush — outlining how partitioning existing single-family homes, or adding granny flats (known as Accessory Dwelling Units, ADUs) had the potential to release some 180,000 additional dwellings. BRANZ is digging into build-to-rent programmes. Twyford is confident he can build the capacity to build the buildings, in an industry that is already at capacity, through a mix of training up young New Zealanders to work in the construction and related trades, introducing training incentives (such as free fees for apprentices) and tweaking skilled immigration settings to bring in workers. Mostly, though, he’s pinning the big growth — 10,000 homes a year by the third year — on de-risking development. By guaranteeing developers that the Government will buy apartments and terraced houses that meet the KiwiBuild criteria, they’ll have the capital (and their banks will have the confidence) to build at the affordable end of the market. Procuring volume means KiwiBuild can also drive down the price of building materials, some of the priciest in the world. And, most of all, Twyford is a fan of improved productivity through pre-fabrication. “We’ll contract the work to companies using off-site to pre-build panels. Only a handful have the capacity now, but Turn to pg 4

March 5, 2018 | PROPERTY REPORT

From pg 3

they’ll scale up and grow,” he says. “How? Through multiyear contracts to deliver hundreds and thousands [of dwellings] in a factory. Financing that quantity means firms can invest in the plant with certainty.” Where that pre-fab capacity is at won’t be known until late March, says Pamela Bell, who heads the New Zealand industry association PrefabNZ, as the sector of some 40 manufacturers is yet to complete a capacity and capability audit. Whether companies could ramp up quickly enough is another matter, she says. Compared to the traditional sticks and nails sector, pre-fabricators can quickly add another shift or a second manufacturing facility, but the sector needs a boost to double in three years to deliver the thousands of houses. Bell speculates that perhaps disruptive off-shore investment, or non-housing investors such as big insurance or pension funds could invest in build-to-rent, bringing with it professional managers instead of mum and dad landlords. She says smoothing the until-now boom-and-bust cycle would mean manufacturers could be confident in demand holding enough for them to invest confidently. There’s room to squeeze in more housing on existing property, too, according to Kay Saville-Smith whose study on accessory dwelling units (ADUs or granny flats) found ways to slip in some 46,000 homes in Auckland alone. But she says that with central government “blowing hot and cold” on housing, it’s become councils’ problem and many don’t have the capacity in their planning, zoning and district plan regimes to address it. “We keep saying how we want affordable, flexibility, good towns. But we never do it,” Saville-Smith says. “We can’t do a standardised product [prefab] if every local authority has a different view. This is a national discussion.” Short term, Twyford expects to tap vacant crown land for housing (as was done for the Special Housing Area in Moire Rd, Massey, in mid-2016). He envisages 12 to 15 large scale master planned developments on the scale of Hobsonville — but bringing back the affordable housing requirements abandoned by the last government — citing work already under way by Panuku Auckland Development. That is not

Housing and Urban Development Minister Phil Twyford with Claire Peng and Jacob Henry of Housing NZ.

waiting for the government’s urban development agency. He is inspired by cities such as Hong Kong where the transport authority builds housing above the transport hubs, or Perth which used transport to drive the development of that city. “We can take a much more joined-up approach, I’m determined to make that happen. We can optimise development around the stations, have housing along the rapid light rail to the airport,” Twyford says. “In a few decades it’ll be, ‘don’t build if it’s not on a transit hub’.

PHOTO / JASON OXENHAM, NZHERALD

“Urban development is not simple. Everybody realises we have to build more and better, but we have to take the community along with us. It’s one of the challenges, but it’s important if we want to do big development. Otherwise you lose the social licence to do this. It’s not about gentrification, pushing property prices up or driving people to the edges. It’s about building stronger communities.” Tenants battle bad landlords, page 8.

Competition hot in five top spots Now we’re all firmly back at work, it’s the perfect time to do a holiday hot spot review. I wanted to find out who those lucky people buying property in our holiday spots over the summer break are. I’m staying clear of the debate over New Zealand’s best holiday destinations, though. For simple analysis, I picked five of the country’s largest sea/lakeside areas, with significant short-term guest numbers over summer (according to Stats NZ). I then analysed sales in December 2017 and January 2018. My top five were the Far North and Thames Coromandel districts, Mount Maunganui, Taupo and Tasman districts. Accepting that not all buyers would be holidaymakers, the results are intriguing. Unsurprisingly, first home buyers aren’t particularly active in these hot spots. The highest share for this group of buyers is 16 per cent in Mount Maunganui. In Thames Coromandel they accounted for roughly 4 per cent across those two months (compared to 8 per cent long-term average). What struck me about The Mount, though, was an increase in cash sales over the Christmas/New Year period —

29 per cent of sales were to cashed-up multiple property owners, which represents a 6 per cent lift compared to this group’s share during the rest of 2017. In the Far North, purchasing behaviour doesn’t change too much over the holidays, with no more than a 1 per cent swing to/from any of the groups, other than first home buyers who drop from 12 per cent earlier in the year to 10 per cent over the warmer months. In Thames Coromandel, where we know first home buyers struggle over summer (4 per cent compared to 8 per cent the rest of the year), it’s multiple property owners who flex their muscles — 55 per cent of sales go to these buyers.

Half of these don’t even require a mortgage. It looks like homeowners are taking advantage of capital gains made elsewhere to me. In Taupo, multiple property owners again take centre stage but what’s interesting is the ratio of those needing a mortgage and those that are cashed up. Taupo buyers skipping the bank find it tougher over the break. Their usual share of 26 per cent drops to 20 per cent when the tourists hit town, while mortgaged multiple property owners did the opposite (lifting their share from 19 to 26 per cent). In Tasman, it’s definitely a mover’s game: 40 per cent of sales go to re-locators across most of the year, jumping slightly in December and January to 42 per cent. Both multiple property owners and first home buyers take a drop of a few percentages over the same period. So there you have it. If you’re seriously looking to nab a slice of Kiwi paradise next summer, now you know the types of buyers you’ll be competing against. For the rest of us, let’s just hope we haven’t seen the last of our summer weather. Bach buyers want simplicity, p6

March 5, 2018 | PROPERTY REPORT

Check or take a chance

It’s possible to buy a house that hasn’t been permitted, but it does entail risk, writes Greg Fleming

ne Auckland homeowner thought turning his pig sty into rental units was a good idea. Another built a three-storey prayer pagoda in his backyard. All went well until the council caught wind of the unpermitted additions. The problem has worsened in the last few years — a result of Auckland’s increasing property prices, forcing some homeowners to find another income stream. While the Building Act allows homeowners to do simple work such as replacing doors or building fences, owners cannot do anything structurally. “Carrying out building work without a consent leaves a building owner facing the prospect of [at the very least] having to apply for a Code of Acceptance (CoA),” says Jeff Fahrensohn, Auckland Council’s manager field surveying. “This will incur costs, and also the possibility of having to carry out additional works to bring the works up to a compliant standard (this may require a building consent) — with the worst case scenario being the need to remove the works due to them being unsafe, or unable to bring them into compliance with the NZBC or breaching other acts.” He says the issue is on the rise. “Particularly the increasing number of minor units we are seeing come through, which can create fire safety issues. In 2015 a centralised specialist team was formed to manage the CoA process to ensure we were dealing with applications consistently across the region.” He says that some work presents a risk to the safety and health of the occupants. “This could range from a poorly constructed deck or barrier that isn’t structurally sound, to constructing a flat under a building that isn’t sanitary or fit to occupy due to deficiencies with for example, ventilation, lighting, insulation or missing fire protection.” New home owners have been caught out, too, as they are responsible for the implications of unconsented work even if it pre-dates them. Anything unconsented on your property needs to have a CoA to meet the current New Zealand Building Code, not the code at the time of construction. And while the council doesn’t have teams actively looking for breaches, chances are it will be discovered in time, says Fahrensohn. “Council is made aware of unauthorised building work by complaints from the public, owners knowing about the work and looking to “tidy up” their property file, through a LIM report before selling their house, or prospective purchasers’ reviewing the property file before committing to purchasing a property and finding an issue and notifying council.” And then there’s always a chance of council staff coming across the unauthorised work while carrying out their normal duties. Risky business “If a buyer with knowledge of the unconsented work decides to go ahead with the purchase, they are adopting those risks as their own,” says Daniel Kelleher, a property law specialist at Buddle Findlay. “There is also an additional and much greater risk. The New Zealand Building Act building consent regime exists so that local councils can help ensure that building work is designed and constructed in a manner and with materials and methods that are safe and sanitary and that will last.” He says that council oversight has increased since the leaky home crisis and events such as London’s Grenfell Tower fire led to a reassessment of what is acceptable in terms of fire safety. “Where work has not been consented, a buyer has no assurance as to how good and acceptable the design, materials and workmanship used are, and the safety and durability of the work carried

A builder’s report may make for unhappy reading, but best you know before you agree to buy.

PHOTO / GETTY IMAGES

Anything unconsented on your property needs to have a CoA to meet the current New Zealand Building Code, not the code at the time of construction. out. The buyer is hoping that whoever did the work got it right, despite the lack of regulatory oversight. The chance that shortcuts have been taken is massively increased.” Insurance Additionally, buyers who buy a home with unpermitted work or structures risk lending and insurance difficulties. “Depending on the insurer, it might be difficult to get insurance if you know that a house is unconsented and fail to tell the insurer,” says Kelleher. “Many house lenders are often reluctant to lend where there is known unconsented work.” There is also the risk that when the buyer wants to sell the house, prospective on-purchasers, or their lawyers, may not be as prepared to accept the risk of unconsented work as the buyer. “That might limit the number of potential buyers or could even affect the price.” And while real estate agents are under obligation to reveal any unpermitted issues with the vendor, when it comes to sellers the issue is less clear-cut. “If the vendor has completed unconsented works, the purchaser may have a right to cancel the agreement (in limited circumstances) or a right to claim compensation. However, if the works were done by a previous owner, the vendor may remain silent on the issue,” says Kelleher. He says this may run the risk of committing misrepresentation if the circumstances indicate the vendor should have said something. “A possible example would be where the agent asks the vendor who misleads the agent who then misrepresents the situation to the purchaser.” And just seeing the LIM is not enough. “Remember a LIM is only a record of the information that the council has on a property. If an owner did not apply for a building consent at all, then the LIM will be of no immediate assistance.”

What is a CoA? A CoA is an acknowledgement that the building work is recognised by the council and provides limited assurance that the building work complies with the Building Code to the extent of only what can be seen or verified. Work that cannot be easily inspected or accessed, such as foundations, will not be covered by the CoA unless other means of proving compliance has been provided. A CoA does not have the same value as a building consent which has been assessed, inspected and issued with a Code Compliance Certificate. Source / Jeff Fahrensohn, Auckland Council’s manager field surveying. Buyers’ Tips ■ Read the Lim report ($293 from Auckland Council) and the council file (around $60). Compare the latest floor plan in the property file with the current layout of the home, to make sure all the building work is legal. ■ Be aware that properties built before the 1992 Building Act, under a building permit, did not need a final inspection or a Code of Compliance. ■ Get a private pre-purchase building inspection if you are concerned about the condition of a house you want to buy. Remember the LIM won’t record any unauthorised works unless the council has been notified. ■ Engage the services of a building surveyor/ pre-purchase house inspector.

March 5, 2018 | PROPERTY REPORT

All coasts are not created equal While summer’s temperatures have been hot, the heat has dropped a little in the coastal market, writes Diana Clement

uying the bach has always been a Kiwi dream. It’s ingrained in our psyche. But the coastal markets, where most baches are found, wax and wane and don’t necessarily follow the same cycle as the cities. Thomas Ujdur, senior consultant at QV, says the current summer season hasn’t been as hot as the 2015/16 and 2016/17 seasons on the bach market front. “The purchaser interest is still there, but agents report difficulty in getting the signature on the dotted line for properties in the more remote locations, and especially in the higher price brackets,” says Ujdur. It seems buyers are taking the wait-and-see approach with holiday properties — and most vendors not willing to drop below the current market level to achieve a sale, he says. In late January, when newly returned holiday makers were dreaming of what they could buy, Realestate.co.nz had 53 properties listed from Rodney to Cape Reinga with the word “bach” in the listing. Prices ranged from $169,000 for a leasehold two-bedroom bach at Hugh Barron Way, Whananaki, to $3,850,000 for an “iconic Kiwi bach plus 40 acres” at Cable Bay. Northland isn’t just one market. It’s many. It’s a little over an hour’s drive time from Kerikeri to Kaitaia, but they’re a world apart as real estate markets. There is a distinct premium to be paid for the white sands of the east coast, says Bayleys research manager Ian Little, whose research in 2016 found that buyers were paying almost double at east coast beaches compared to a similarsized piece of black sand terrain on the west coast. Exceptions to that rule in Northland include Opononi/ Omapere, which offers sheltered swimming in addition to bigger surf breaks. In terms of price rises, the Far North District saw 11.8 per cent average price rises for the year to December 2017, Whangarei district 9 per cent and Kaipara 6.2 per cent. Dennis Corbett, managing director of Harcourts Bay of Islands, says the question of what constitutes a “bach” comes up in his office regularly. Traditional 60-80sq m baches still exist on the Karikari

Baches don’t have to be coastal to earn income. Often it’s simplicity and remoteness that holidaymakers want.

Peninsula, for example, and can be picked up for $200,000 or less. But there are $3 million and $4 million houses in Corbett’s patch, which bear no resemblance to the fibrolite baches of the past. Corbett says, unlike Auckland, Hamilton and Tauranga, Northland markets have experienced single digit increases in the last 10 years. “It has been consistent steady growth. You are not buying (into) a bubble,” he says. Independent economist Rodney Dickens, who runs Strategic Risk Analysis, says the proximity to Auckland of Northland’s coastal property markets has played a significant role in determining whether they still offer value or have become expensive on a relative national basis. On the more desirable east coast, there is still some value, says Dickens. In the Mangonui area, which includes Cable Bay, Coopers Beach, Karikari, Taupo Bay and Whatuwhiwhi, the median dwelling price is below the New Zealand average, whereas it rose above it in the last decade. “Local prices are still at a somewhat larger than average discount to the national average price, which is consistent with the market still to some extent absorbing the huge increase in supply last decade. But the percentage discount has narrowed significantly in the last 18 months,” says Dickens. Before the boom that started in earnest in 2004, local prices had been at an average 32 per cent discount to the national average price in this area, whereas in the last year they were at a 48 per cent discount,” he says. Dickens adds: “If local prices were at a 32 per cent discount to the national average of $243,000 over the last year, the median price would have been $165,000 rather than $125,000.” This suggests that local prices in the Mangonui area are still cheap on a relative basis, he says. It’s not black and white, however, because changes in the

PHOTO / GETTY IMAGES

composition of sales can impact median prices. In Paihia and surrounds, REINZ figures for existing dwelling and section sales suggest the area still offers reasonable relative value compared to the national averages, says Dickens. However the Otamatea area — which includes Kaiwaka, Mangawhai and Kaipara district — is now expensive on a relative national basis, which may come down to the proximity of Auckland factor. The coastal areas of Whangarei Country have “no value”, says Dickens, which means bach buyers aren’t likely to get a bargain. With the proliferation of booking websites — such as Bookabach, Airbnb and Booking.com — more and more owners are earning an income. Dave Collins, who rented his Mangawhai bach through Holidayhouses.co.nz for three years and now runs agency Bach Stay Mangawhai, says even an average bach can earn $10,000 to $20,000 a year. Whether the rental covered a substantial amount of costs dependied on the size of the mortgage, but it covered a sizeable amount, he says. The advent of Airbnb has seen even cabin owners starting to make a good secondary income. But there could be some clouds on the horizon for bach owners. Ujdur says he would assume that the secondary home/bach market will be affected by the Labour Government’s property policies looking to steady property markets across the country. “The auction market in Auckland has slowed and periods of no growth or slight decline have been recorded in some locations,” he says. The flow on effects of negative growth in Auckland are traditionally felt in Northland soon after, with the bach market generally taking the biggest hit in values.

Fierce demand pushes rents up Rents across Auckland have risen at a much faster pace than house prices over the past year according to QV.co.nz figures — and competition for rentals is fierce in the city. Tenants can expect to pay between $350 and $450 for a one-bedroom flat, more than $500 for two bedrooms; $650 plus for three bedrooms and from $700 to $1000-plus for four or more bedrooms. The latest QV.co.nz E-Valuer data shows home values rose in some suburbs in the year to December 2017, and they dropped in others. However, values still remain high, meaning many Aucklanders have no choice but to pay higher and higher rents. Landlords’ costs are also rising and thus it’s likely rents will continue to rise during 2018. The greatest rent rises in the former Auckland city council suburbs over the past year were in St Johns where the median rental rose 31.3 per cent to $650 a week. With a median value of $1.2 million, the suburb has a gross yield of 2.9 per cent. Rents also jumped 25.6 per cent in the St Heliers/ Glendowie area to a median of $750 a week. Its median value is $1.6 million so that’s a gross yield of 2.5 per cent.

DATA REPORT ANDREA RUSH QV NATIONAL SPOKESPERSON

Rents in Ponsonby/Freemans Bay rose 16.5 per cent over the past year to $810 a week. These suburbs have a median value of around $1.5 million, so a gross yield of 2.7 per cent. On the North Shore, the East Coast Bays saw the greatest annual rent rise up 22.6 per cent to a weekly median rental of $650. With a median value of over $1.4 million, that’s a gross yield of 2.4 per cent. In Waitakere, Te Atatu South saw the highest annual rent rise of 10 per cent to $500 per week. With a median value of $821,000, that’s a gross yield of 3.2 per cent. Titirangi rents also rose 8 per cent to a weekly median of $520. This western suburb’s median value is $820,000

so the suburb has a gross yield of 3.1 per cent. In Manukau, Mangere East saw rents rise 11.4 per cent year on year to $390 a week; and the gross yield there is now around 3 per cent. In Papakura, Takanini/Ardmore rents rose the most, up 9.1 per cent over the past year to $537 per week. With a median value of around $700,000, that’s a gross yield of 4 per cent. In Franklin, rents rose the most in rural areas, up 11.1 per cent to 500 per week; with a median of $682,000, the gross yield is 3.8 per cent. In Rodney, Gulf Harbour rents rose the most, up 11.2 per cent to $575 a week. The area has a median value of $831,000, so that’s a gross yield of 3.6 per cent. During the year’s first three months there is intense competition for rental properties as tertiary students are looking for accommodation. This adds pressure to the housing shortage, but demand then tapers off. For those looking for a rental property, that’s worth keeping in mind. You can analyse rental yields and property values for Auckland suburbs and regions around NZ at qv.co.nz/ resources/property-investment-rental-analysis and use the rental calculator also on the website.

March 5, 2018 | PROPERTY REPORT

Alastair Russell is co-ordinator at Auckland Action Against Poverty, in Onehunga, and has met thousands of unhappy renters over the last 10 years. PHOTO / NZHERALD

Tough times for tenants With fewer people able to buy a home, more are renting — but wage pressures and bad landlords are causing stress for tenants, discovers Lawrence Watt

enting is increasingly becoming what people do, until they reach their 40s at least, in New Zealand. So what is it like out there? In New Zealand, 42 per cent of New Zealand adults rent, according to the 2013 Census. But what do tenants think about how landlords are treating them? Illana Norris, a working mother of two in Auckland has had a leaky roof and a blocked drain for over a month now, forcing her to collect leaking water in buckets during downpours. She’s had no luck getting the overseas landlord to make repairs. Meanwhile the leak continues, damaging the house, while the blocked overflowing drain has turned the driveway into a stream. “The owner knew I worked in the property industry and said that I should fix it,” she said. Illana has been renting the same house for years. Previously it had been rented through an agent, whom she says had dealt with problems more efficiently. Things went downhill after the owner unsuccessfully tried to sell the property, then took over managing it. She says one reason she rents is because it has been easier to get the problems fixed by the landlord (than having the responsibilities of ownership) – until now. She is looking for a new flat — and was a bit cagey talking in case she gets evicted. Landlords’ reluctance to make repairs is a common complaint, including water issues say tenants advice groups. Angela Maynard, coordinator Tenants Protection Association (Auckland), recalls a damp house case. She says the cause of the dampness and mould was that the roofing iron was loose, letting in rain. The association asked the landlord to fix it, but he replied he was too busy with his family to focus on repairs to his nine rental properties. Rebecca Cookson, an English teacher in Auckland, rented for several years in the South Island, before the earthquake

and chilly climate drove her north. One Sunday morning, while having a late breakfast with her partner and his eightyear-old son, the landlady called in unannounced. The landlady wanted to know why we were having breakfast so late in the morning, says Cookson. Then the landlady became upset that there was a child on the premises. She claimed it was a breach of the rental agreement. It was not, and Cookson felt it was no way to speak about the boy, who became upset by the attention. “It was all rubbish,” says Cookson. “He wasn’t living us, and there was nothing in the contract about children. “She just marched in. We were just having brunch, sort of thing. She seemed offended by that.” Cookson claims the landlady later told her that she wanted a family member to take over the property. Cookson believes it was a way of ending the tenancy in a hurry, as the notice period in these circumstances is 42 days as opposed to 90s days. It was difficult to disprove, so Cookson left —

Tenants’ help groups say the housing shortage has made it harder to be a tenant. Rents have been rising, while wages have been flat. time-consuming and expensive, employing movers, all while she was studying for exams. Then came the kicker. At the final property inspection, the landlady reckoned there were coffee stains on the bench and that some walls ought to be cleaned. The landlady refused to return any of the bond. “She wouldn’t give the bond back, or discuss it or anything,” Cookson. Cookson eventually got her money back after taking her case to the Tenancy Tribunal. Next up, Cookson rented a property through an agent. She signed for a fixed term of a year, but was not given a copy of the agreement. It turned out the overseas-based owners’ circumstances changed, and they wanted the property back. The agent then said Cookson had a periodic

tenancy. Cookson visited the Tenants Protection Association in Christchurch which found, she says, that the agent was mistaken. Cookson stayed on until the end of the contract and then moved to Auckland. Auckland is a great place to be but a bad place to rent, Cookson says. Apart from the high cost in general, there is a lack of one- and two-bedroom places suitable for couples. The high cost of renting their own place, where they can safely raise children, means many couples are delaying having children, she says. For greater Auckland, Barfoot & Thompson data shows the average two-bedroom dwelling costs $459 a week and in central suburbs, $489. Tenants’ help groups say the housing shortage has made it harder to be a tenant. Rents have been rising, while wages have been flat. Maynard says there are a lot of rent increases. She recalls a recent hike of $150 a week. Under the law, landlords can raise rents every six months. Maynard would like to see this period extended to several years. Rents are currently increasing more than twice as fast as general inflation. Average weekly rents in Auckland are up by $23, or 4.6 per cent in 12 months, says Barfoot & Thompson’s January 2018 rental report. Other data suggests even faster increases are happening. The rent for two-bedroom properties in Wellington and Hamilton has increased 30 per cent in the last 12 months, the Government’s A Stocktake of New Zealand Housing report found. Alastair Russell, a co-ordinator at Auckland Action Against Poverty, in Onehunga has met thousands of unhappy renters over the last decade. Problems range from unfixed leaks to infestations of rodents. He recalls a whole block of flats infested with rats. The usual legal option for tenants to deal with an unreasonable landlord is the Tenancy Tribunal. It’s paid for from the interest from tenants’ bonds, and is less formal than a court. But Russell finds most renters are not aware of their rights. For example, that they have a right to complain to the tribunal. The current act, the Residential Tenancies Act 1986, does not help, he says. People are only too aware there are “50 or 100 people waiting” to find a house. “Any landlord can issue any tenant with a 90-day notice,” he says. Russell advises renters to work together, forming a

March 5, 2018 | PROPERTY REPORT

Tough times for tenants relationship with the church or other community groups, so they have more than the power of one against an unreasonable landlord. Still, the Tenancy Tribunal does have considerable powers. In a recent case, the landlord/tenant relationship had broken down after a landlord failed to fix a leak into the lounge and bedroom. The disgruntled tenant cleared out without paying four weeks’ rent. The tribunal found that although rent was still owed, the landlord had to pay compensation during the period the house was leaky. He was out of pocket for more than $1000, in addition to the house being empty for a while, plus the cost of the repairs. Most cases that make it to the tribunal are taken by landlords, not tenants, though, says Shamubeel Eaquub, co-author of February’s Government’s A Stocktake of New Zealand Housing (download at goo.gl/vsx4z8). Tenants and landlords currently have a choice between a periodic and a fixed term tenancy agreement. While Maynard says the 90-day notice rule doesn’t work for tenants, neither does a 12-month fixed tenancy. The rule enables landlords to end a tenancy, without giving a reason. Maynard would like to see longer term rental contracts, but where there is flexibility for tenants to move out, if they need to. The good news for tenants is that change is coming. Housing and Urban Development Minister Phil Twyford, told the Herald that a review of the Residential Tenancies Act will get under way this year. “The review will advance a range of changes to make life better for renters and will include consideration of banning letting fees [charged by rental agents to tenants for letting a property, they also charge the landlord a percentage fee] and limiting rent increases to once per year,” he says. “It will also contain other initiatives to improve security of tenure and better allow tenants to make their house a home. This review is expected to result in legislation being introduced to Parliament by the end of the year.” Labour says it will lift the 42-day eviction rule (for family members) to 90 days.

PHOTO / GETTY IMAGES

Flatmates forever Rebecca Cookson (above), an English teacher living in Auckland, reckons she has lived in 10 flats. She found herself out of pocket after moving to the SuperCity, because renting in Auckland is so expensive, she says, and many people don’t get paid much. Cookson discovered the previous National Government had changed the regulations for teachers and she had lost her teacher’s certificate, because she works part-time. Re-certification involved doing a long refresher course, for which she would have to pay. In this Catch 22 situation, her income had fallen, and re-training was unaffordable. Since moving to Auckland, Cookson generally has flatted in a house, which costs $200-plus a week. Her current situation, in a large home with three older flatmates, works well. The main problem is that the head flatmate (who signs the rental agreement and pays the bond, then recoups

most of it from the other tenants) has a position of power. Cookson has found head flatmates sometimes are reluctant to pay back the bond when a tenant leaves. Unlike a landlord’s bond, Cookson says these bonds are not lodged with the Government. Tenancy law is lacking, she says, because it is not possible to take other flatmates to the Tenancy Tribunal, only to the Disputes Tribunal — which she has done with success. “There is no protection for tenants if there is a bad head tenant,” she says.“Head tenants who take tenants on should be compelled to the lodge the bond.” At previous flats, Cookson objected to other flatmates getting drunk, using drugs or “being nut jobs”. She stresses she gets on well with her current flatmates. She plans to get her teacher’s certificate back, now that the Government pays most of the retraining fee. Long term, Cookson would like to buy her own property, out of Auckland, where houses are affordable.

Germany: A marked difference In Germany and Switzerland, a higher proportion of people rent than in New Zealand, often from large institutional owners. Rental agreements can be for several years. In their book Generation Rent, Shamubeel and Selena Eaqub say tenants accept a bare unfurnished apartment, maybe even with no light bulbs and are allowed to make minor alternations. Shumabeel Eaqub. The Eaqubs recommend giving tenants more security of tenure by making it harder for landlords to evict them. They want to make tenancies more like commercial ones. It sounds quite similar to commercial tenancies in New Zealand, where tenants often make alterations or improvements. Evicting people is harder in Germany than in New Zealand, the Eaqubs say: “Landlords [in Germany] must give between three and nine months’ notice to evict a tenant, and can only do so with good reason. The notice period needed increases the longer the tenant has lived in the property. Landlords must also have a very good reason to evict a tenant,” they say. But it is a two-edged sword for German tenants, as they may be liable if they want to break the contract. This writer

Berlin; where tenants can enjoy rental periods of several years without fear of being asked to leave by their landlord.

once stayed with a professional couple in Lugano, northern Switzerland, who rented a pleasant apartment. But the couple wanted to move town, and were finding it difficult to get out of their long-term tenancy, facing the probability of paying the institutional landlord tens of thousands of dollars in compensation. But institutional landlords, large firms or trusts that own

PHOTO / GETTY

or manage terraced houses and apartment blocks may well suit renters. Angela Maynard, coordinator Tenants Protection Association (Auckland), likes the idea of institutional landlords, because they are more professional and more likely to deal with complaints properly, and get on top of repairs.

March 5, 2018 | PROPERTY REPORT

Bidders hold the trump cards

Auction attendants confer on what action to take as auctioneer Marian Tolich (below) scans the room for more bids at Barfoot & Thompson’s city auction rooms.

PHOTOS / GETTY

The tempo in auction rooms has slowed from the heady, halycon days of the property market’s high. Post-auction negotiations are now the norm, observes Lawrence Watts

nly a handful of Auckland properties are selling at auction, although auctioneers say some of the properties that are passed in, settle at a later date. For other properties, it will be several months before the buyer and the seller agree on a price. Barfoot & Thompson’s city auction room is a mini-market for Auckland real estate. By attending a few, you get a good idea of what houses are worth today. I attended two Barfoot & Thompson auction sessions. The room, in downtown Auckland, was almost full one day, halffull on the second day. With lots of people waiting to bid, it feels reminiscent of an old-fashioned stock exchange. On the side and back are little rooms, with sellers inside obscured from the bidders by opaque glass. The auctioneer controls the theatre, with agents running to and fro when buyers are not offering enough money. The halcyon days are well over. It’s clear that many properties will sell only after some negotiation, sweat and, perhaps, sellers’ fallen expectations. Buyers are a mix of mainly European, Chinese and Indian. Many, but not all, are couples. There is an air of excitement, particularly near the start. “Cut down the talk,” the auctioneer says at one point, so he can get on with his job. At one of the auctions I attend, a 30-something Chinese couple, wearing motorbike leathers, sit next to me. They arrive just in time to bid for a modern house on the EllersliePanmure Highway. “A mighty big garage to park your motorbike in,” the agent quips, but they miss out and the property is sold for $1.25 million to a bidder close to the back. When I look up from taking my notes, the couple have left, perhaps to look for another house. Three brick-and-tile units in New North Rd, Mt Albert,

SOLD AT AUCTION: 10 Glenveagh Dr, Mt Roskill for $1,220,000, and 5/5 Kamahi St, Mt Eden, for $994,000.

look like investor territory. A white-haired Pakeha man in front of me is one of the bidders. Bidding slows on this one, and the agent negotiates with the seller and the buyer. The property is passed in. This is a general pattern. The bidding often slows below the reserve. A real estate agent then talks separately to the buyer and seller, the latter in their private viewing room. There is usually then another bid, sometimes several, particularly if there are competing bidders. Another property is passed in after vigorous bidding. Back to open homes for the agent, I think to myself. “No other bidders. A little work to do there,” auctioneer Murray Smith says, before the buyer and seller will meet. Another young Chinese couple are bidding. She speaks clear English. The auction slows. An agent calls over, after talking to the seller in their frosted glass booth. The male buyer makes a phone call; and bidding re-starts. “I don’t think we’re too far away from a sale” says Smith. On another house, at an auction a few days later, an agent is talking to the bidder behind me, an Indian man in his 60s. The property concerned is a two-storey, four-bedroom semi-detached house in Dominion Rd. Bidding opens at $800,000, but stalls.

PHOTOS / SUPPLIED

“Will you go to nine?” the agent asks. “No,” replies the buyer. “So what is your best bid?” asks the agent. “$830,000,” the buyer replies. The bid is placed, but it is not enough for the seller and the property is passed in. Many auctions continue in this manner. Bidding stalls on the next property. “[Agent] Tony will give you some guidance on where you need to be,” auctioneer Marian Tolich says. There is more interest in a small, tidy, cedar two-storey house in Mt Eden on a reasonable-sized section. Bidding opens at $900,000, but stalls. The agent goes to talk to the bidders. Things get fairly vigorous. It goes to $990,000. “Round it up to a million,” says auctioneer Tolich. The bidder offers $900,940. “Any other bidders?” Tolich asks. There are no more bids and it sells. It was one of two properties sold under the hammer on that day, from a dozen listed. However, others may sell to this bidder afterwards, while others may sell to someone else, after the property is passed in. Buyers at house auctions are now mostly private individuals, rather than investors, says Tolich, after the auction.

March 5, 2018 | PROPERTY REPORT

INDUSTRY ANALYSIS As told to Donna McIntyre

Market enters a steady phase Mike Bayley Managing director Bayleys Corporation

he residential property market in and around greater Auckland is delicately yet comfortably poised in a state of equilibrium. In essence, it’s a static market. Prices are up slightly around 1 per cent year-on-year, while the inventory of housing stock for sale (the number of residential listings minus sales) is sitting virtually bang-on its long-term monthly average. Further balancing out that supply-and-demand equation, demand has been tempered since its peak. A number of local buyers are now out of the market as a result of lending regulations introduced by the Government and the RBNZ — even though those restrictions have been relaxed. Secondly, there has been a slowdown in foreign buyer interest driven by restrictions in moving funds out of China. Additionally, with average rental yield rates sitting around 3 per cent for investors, many in that sector have been looking at other opportunities — the commercial property sector, equities, or paying down debt when their fixed rate mortgages come off. Some six months of stability in the housing market had set the groundwork for the coming year. Or at least it had until the global equities realignment which sent tremors around the world early last month. While NZ’s sharemarket was spared the rollercoaster revaluations seen elsewhere, we noticed the nervousness here did have the effect of sending many investors back to the relative security of houses and apartments. Any refocus on residential property as an investment class will have been positively underpinned by the reserve bank’s decision last month to keep the official cash rate in its status quo.

Chris Kennedy CEO Harcourts

he average house price in Auckland was $935,773 in January, on a par with the figure for January 2017, which is encouraging, given how much market fluctuation we have seen in intervening months. Overall it was pleasing to see the year end on a busy note, with increases in written sales and the average sale price rounding out the year. That trend has continued into 2018. Written sales in Auckland for January were up 8.4 per cent compared to the same period last year, as were total listings — by 10.8 per cent — and the amount of residential stock on hand, by 9.9 per cent. This means that in this past quarter we’ve started to move back towards a good, balanced market. Not only do we have plenty of demand from buyers, but there is an increasing number of sellers. That should keep prices moving up, but perhaps not at the sky-rocketing levels we saw in 2014-16. That adds up to stability, which is our friend. If you want to sell your house quickly for a big return, you’re going to have to work a lot harder. But for almost everybody else — buyers and sellers, investors and owner-occupiers — stability means the ability to financially plan. One change I would like to see in the market in 2018 is the sustained belief among vendors that auctions are an effective sales method only in a strong market. Auckland auctions in January were down 16 per cent on January 2017. Overall, I think the key messages we can take, from a busy finish to 2017 and a good start to 2018, are that there’s no need for panic. Plan ahead where you can, and be ready to move on opportunities as they present themselves.

Peter Thompson Managing director Barfoot & Thompson

am positive about the prospects for Auckland residential property in 2018. The cycle of prices rising rapidly has been overcome and, for the past four months, prices have been stable. The most significant change in the last 12 months has been the decline in the number of sales. Currently, sales numbers are down about a third on where they were a year ago. Over the remainder of summer and autumn, I expect sales numbers to pick up, with prices overall rising modestly. We have a stable market. Properties are selling, buyers have the time to take a more measured approach to selecting a property, mortgage interest rates remain at historically low levels, construction is not keeping pace with population increases and initiatives are being considered that have the potential to make it easier for first time buyers and those on modest incomes to enter the market. There remains a solid market for higher-priced property, particularly properties selling in excess of $1 million. This is the best possible situation for the market to be in after nine years of rapidly rising prices, and will give confidence to sellers and buyers that the market is unlikely to experience a major price fall or increase. I anticipate that auctions will continue to be the preferred sales method. While clearance at auctions has fallen from 80 per cent during the height of market activity last year to around 50 per cent, the exposure an auction gives a property — and the opening up of the transaction to nonauction bidders should the property not sell under the hammer — remains a strong incentive for vendors to stick with the auctions.

Carey Smith Head of Agency Operations Ray White NZ

fter a subdued finish to the end of 2017 in the real estate market, there has been a noticeable increase — particularly in the latter part of January and the early part of February — in regard to new property coming onto the market. January results were buoyant and showed an increase across the market. There has been an increased level of activity from buyers attending open homes and this is showing as confidence returning to the market and a degree of normality. The new Government has settled in without too many legislative changes in the area of property. It is unclear at this point how the overseas investment legislation will be presented. There is stability in interest rates and the ability to be able to lend against less stringent LVR requirements has been welcomed by purchasers. In the main centres; Auckland is showing strong signs with good stock levels. Wellington, however, remains at a lower stock level; with Canterbury being more balanced. Generally, overall portfolio numbers across New Zealand are increasing and this will provide buyers with a greater level of choice. In regard to rental property, vacancy rates continue to be low and rental yield is holding firm and potentially expected to lift in the next quarter, which is a positive sign for the investment market. New compliance regulations come into place over the next period for rental properties. While this may affect yield, it is a positive outcome for tenants given the better living conditions.

Barry Thom and Grant Lynch Unlimited Potential Real Estate

Keith Niederer General manager LJ Hooker & Harveys Group

uckland has kicked off the New Year in style celebrating one of our hottest summers with an extravaganza of festivals and music concerts and, of course, the lighting of the iconic harbour bridge. The market in Auckland currently could be classed as a “steady as it goes” market unlike the frantic situation that existed last year. Interest rate increases seem highly unlikely with inflation remaining low in the December quarter giving the Reserve Bank little reason to change anything. Home owners could likely enjoy a welcome breather for the most part of 2018. With the change in Government, many investors may decide that being a landlord and being dictated to is not for them. There will be concern around the costs landlords face to ensure their investment properties are compliant with new legislation. This will create an ideal opportunity for first home buyers to attain a foothold in the real estate market. The Auckland market is now a buyers’ market and already we are experiencing buyers who are in no hurry to purchase. With no urgency, time is on their side. I believe prices will remain steady with no real drop, as the cost of land and buildings increase and time frames add up. We are all kidding ourselves if we believe one day we will have enough houses for everyone — ownership and rental — as the city will continue to grow and bulge at the seams. Thus 2018 looks like a year we can look forward to with full confidence in the Auckland real estate market.

he residential market nationwide, and particularly in Auckland, held its breath last year. This all happened on the back of a looming election, and then the convoluted result and, with it, much talk about property, tax and immigration. Together these factors had buyers and sellers adopt a wait-and-see mode. The result was a 20 per cent drop in sales throughout the Auckland market. To add to the degree of difficulty in 2017, banks were tough on lending criteria, and LVR restrictions for investors bit. There was also a general state of confusion generated by the new council valuations; so it is not difficult to understand why the residential market became something of a “stunned mullet”. But people’s lives go on. They marry, make money, lose money. Circumstances change. In short, it feels like we have left 2017 behind and are now in catch-up mode. In the face of the commentary around a softening market, while sales numbers are down, sale prices remain stable. In fact, they have risen slightly. It seems as though buyers now recognise this and have decided to buy. Similarly, sellers can see that it is not a bad time to sell. Sharemarket shakes will no doubt have some people take a fresh look at the time-proven stability of residential property. Interest rates remain low and demand never went away, it just got parked. Call us optimistic, but we see 2018 as a time when the market will return to more “normal” levels. While values may not climb as dramatically as recent years, it’s hard to see how “waiting for the market to fall” is a sensible option.

March 5, 2018 | 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 median value at 31JAN2018

E-Valuer estimate of median value at 31DEC2017

E-Valuer price change in 3 months to 31DEC2017

E-Valuer estimate of E-Valuer price E-Valuer estimate of median value at change in year median value at 31DEC2016 to 31DEC2017 31DEC2015

E-Valuer price change in 2 years to 31DEC2017

E-Valuer estimate of median value at market peak (31OCT2007)

19.3% 20.0%

$531,200 $581,400

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.

E-Valuer price Sales price in 3 months to Median price in 3 months to Median price in 3 months to Median price in 3 months to Median price in 3 months to Median price in 3 months to Median price change since 30NOV2017 in relation to CV 30NOV2017 (no. of sales in 30SEP2017 (no. of sales in 31DEC2016 (no. of sales in 31DEC2015 (no. of sales in 31DEC2014 (no. of sales in change in 3 market peak (CV date in brackets) brackets) brackets) brackets) brackets) brackets) years to (31OCT2007) 31DEC2017

GREATER AUCKLAND RODNEY Arkles Bay Army Bay

$890,000

Gulf Harbour

$839,850

Helensville

$684,350

Manly

$896,750

Omaha Orewa

$889,800 $913,100

0.6% -1.0%

$864,400 $881,150

$843,100

2.4%

$682,100

0.0%

$898,000

$1,599,500 $904,300

$914,000

2.9%

-2.7 % (2017 ) -0.2 % (2017 )

$697,000 (10 )

$638,500 (8 ) $619,000 (5 )

$867,000 (11 ) $733,000 (8 )

$634,000 (23 ) $695,000 (7 )

$644,500 (26 )

$619,000 (1 )

$689,000 (11 )

8.1% -10.2%

47.3%

0.7 % (2017 )

$794,000 (19 )

$789,500 (24 )

$796,000 (27 )

$674,000 (64 )

$582,000 (56 )

36.4%

87.9%

-2.1 % (2017 )

$640,000 (7 )

$665,250 (6 )

$724,000 (14 )

$563,000 (16 )

$510,750 (22 )

25.3%

57.4%

-2.5 % (2017 )

$719,000 (21 )

$736,000 (18 )

$762,000 (16 )

$665,000 (30 )

$592,000 (31 )

21.5%

$1,016,900

55.9%

9.4 % (2017 )

$1,228,000 (5 )

$1,555,000 (9 )

$1,240,500 (10 )

$1,265,000 (14 )

$1,014,000 (27 )

21.1%

9.8%

$562,300

61.4%

-2.3 % (2017 )

$910,000 (51 )

$985,000 (66 )

$875,000 (56 )

$832,000 (83 )

$657,500 (94 )

38.4%

$573,800

63.0%

-2.7 % (2017 )

$827,000 (23 )

$866,700 (19 )

$875,000 (23 )

$777,500 (60 )

$681,000 (51 )

21.4%

-1.1 % (2017 )

$1,130,000 (20 )

$1,131,750 (42 )

$1,119,000 (23 )

$1,010,000 (51 )

$820,000 (76 )

37.8%

3.6%

$746,150 $761,150

$822,500

2.5%

$720,800

17.0%

$572,400

$654,150

4.3%

$574,900

18.6%

$363,100

-0.3%

$903,300

-0.6%

$801,350

12.1%

$570,700

$1,585,700

0.6%

N/A

$1,378,350

15.0%

$907,600

-1.0%

$902,900

0.5%

$826,800

Red Beach

$936,000

$935,100

-0.4%

$937,450

-0.3%

$838,300

11.5%

Silverdale

$1,137,500

$1,133,550

0.7%

$1,128,500

0.4%

$1,007,650

12.5%

67.5% 57.1%

Snells Beach

$783,650

$781,550

3.2%

$774,550

0.9%

$670,500

16.6%

$528,300

47.9%

2.0 % (2017 )

$737,000 (12 )

$697,000 (18 )

$710,000 (27 )

$610,500 (26 )

$517,500 (28 )

42.4%

Stanmore Bay

$858,250

$856,050

1.2%

$833,400

2.7%

$727,600

17.7%

$513,700

66.6%

3.7 % (2017 )

$727,000 (31 )

$718,750 (34 )

$752,500 (40 )

$649,000 (53 )

$562,000 (71 )

29.4%

Warkworth

$770,600

$774,450

3.4%

$732,550

5.7%

$657,950

17.7%

$492,200

57.3%

1.6 % (2017 )

$707,000 (33 )

$690,000 (29 )

$762,000 (29 )

$630,500 (24 )

$537,000 (49 )

31.7%

Wellsford

$537,050

$535,000

2.5%

$481,850

11.0%

$431,100

24.1%

$314,600

70.1%

7.3 % (2017 )

$512,000 (11 )

$485,000 (13 )

$484,000 (13 )

$419,000 (15 )

$324,000 (13 )

58.0%

$1,018,300 $1,392,250

$1,018,450 $1,387,700

1.3% 1.9%

$982,100

3.7%

19.1% 12.4%

82.3% 85.7%

$1,039,000 (26 ) $987,000 (4 )

$926,000 (31 ) $1,279,000 (16 )

$963,500 (42 ) $1,124,250 (14 )

$676,500 (68 )

$747,200

1.1 % (2017 ) -3.3 % (2017 )

$857,000 (35 )

-1.4%

$855,450 $1,234,550

$558,800

$1,407,550

26.7% 28.0%

NORTH SHORE Albany Bayswater

$1,217,000 (4 )

$951,000 (12 )

Bayview

$843,950

$847,850

2.1%

$840,050

0.9%

$746,550

13.6%

$430,600

96.9%

0.5 % (2017 )

$740,000 (19 )

$772,000 (25 )

$771,000 (33 )

$697,000 (43 )

$624,000 (67 )

18.6%

Beach Haven

$888,950

$883,450

1.1%

$887,450

-0.5%

$790,550

11.8%

$451,700

95.6%

0.4 % (2017 )

$800,250 (30 )

$740,000 (23 )

$788,550 (41 )

$719,000 (59 )

$594,500 (64 )

34.6%

Belmont

$1,206,450

$1,204,550

2.2%

$1,186,950

1.5%

$1,045,250

15.2%

$604,700

99.2%

4.4 % (2017 )

$1,151,000 (11 )

$1,147,000 (9 )

$1,463,500 (12 )

$831,000 (15 )

$864,000 (29 )

33.2%

Birkdale

$799,750

$800,050

0.3%

$799,350

0.1%

$716,950

11.6%

$397,100

101.5%

1.9 % (2017 )

$778,000 (35 )

$767,000 (31 )

$807,000 (51 )

$726,000 (54 )

$549,750 (64 )

41.5%

Birkenhead

$1,071,950

$1,075,050

1.7%

$1,070,150

0.5%

$952,450

12.9%

$565,700

90.0%

3.9 % (2017 )

$1,145,000 (31 )

$1,035,000 (29 )

$968,500 (46 )

$845,000 (46 )

$729,000 (75 )

57.1%

Browns Bay

$1,050,150

$1,044,450

0.3%

$1,034,000

1.0%

$921,000

13.4%

$543,700

92.1%

-2.1 % (2017 )

$949,000 (51 )

$986,000 (49 )

$875,500 (50 )

$803,000 (56 )

$762,000 (99 )

24.5%

Campbells Bay

$1,986,400

$1,976,550

0.6%

$1,851,700

6.7%

$1,640,350

20.5%

$1,028,600

92.2%

15.9 % (2017 )

$2,725,000 (6 )

$1,995,750 (8 )

$1,845,000 (13 )

$1,101,000 (10 )

$1,577,000 (13 )

72.8%

Castor Bay

$1,618,100

$1,626,250

-0.8%

$1,626,200

0.0%

$1,480,250

9.9%

$940,500

72.9%

6.8 % (2017 )

$1,342,000 (12 )

$1,379,000 (18 )

$1,535,000 (31 )

$1,153,500 (22 )

$1,238,000 (34 )

8.4%

Chatswood

$1,278,150

$1,279,350

0.3%

$1,255,950

1.9%

$1,148,400

11.4%

$671,800

90.4%

3.5 % (2017 )

$1,200,000 (19 )

$1,167,000 (15 )

$1,221,500 (13 )

$1,115,000 (15 )

$857,500 (18 )

39.9%

Devonport

$1,723,300

$1,728,700

1.8%

$1,672,400

3.4%

$1,482,450

16.6%

$951,700

81.6%

0.9 % (2017 )

$1,416,000 (25 )

$1,749,000 (19 )

$1,455,000 (28 )

$1,387,000 (31 )

$1,203,000 (50 )

17.7%

Fairview Heights

$1,387,100

$1,373,900

1.9%

$1,346,250

2.1%

$1,238,450

10.9%

N/A

-6.6 % (2017 )

$1,363,000 (12 )

$1,430,000 (13 )

$1,389,000 (8 )

$1,125,000 (11 )

$1,034,000 (23 )

31.8%

Forrest Hill

$1,218,900

$1,214,700

0.5%

$1,175,800

3.3%

$1,095,900

10.8%

$551,200

120.4%

0.8 % (2017 )

$1,168,000 (24 )

$1,164,000 (26 )

$1,137,000 (62 )

$992,150 (42 )

$885,000 (62 )

32.0%

Glenfield

$872,950

$874,100

0.5%

$865,600

1.0%

$785,250

11.3%

$429,700

103.4%

0.2 % (2017 )

$820,750 (64 )

$826,000 (60 )

$808,000 (70 )

$759,000 (97 )

$643,000 (124 )

27.6%

Greenhithe

$1,411,400

$1,412,700

0.5%

$1,439,700

-1.9%

$1,275,450

10.8%

$774,600

82.4%

2.5 % (2017 )

$1,411,000 (16 )

$1,385,000 (21 )

$1,435,000 (25 )

$1,230,000 (55 )

$950,000 (59 )

48.5%

Hauraki

$1,531,650

$1,539,200

0.2%

$1,510,800

1.9%

$1,338,100

15.0%

$768,400

100.3%

-0.1 % (2017 )

$1,267,500 (10 )

$1,407,500 (12 )

$1,502,000 (23 )

$1,176,500 (26 )

$930,000 (23 )

36.3%

Hillcrest

$1,033,100

$1,034,150

0.0%

$1,031,100

0.3%

$940,350

10.0%

$490,500

110.8%

-1.6 % (2017 )

$1,012,000 (31 )

$1,072,000 (25 )

$997,000 (55 )

$873,000 (53 )

$820,500 (56 )

23.3%

Mairangi Bay

$1,511,350

$1,525,450

0.6%

$1,446,650

5.4%

$1,323,600

15.3%

$746,200

104.4%

-2.0 % (2017 )

$1,415,500 (14 )

$1,502,500 (16 )

$1,405,000 (31 )

$1,336,000 (24 )

$1,042,000 (37 )

35.8%

Milford

$1,446,150

$1,445,700

0.0%

$1,406,350

2.8%

$1,265,500

14.2%

$755,700

91.3%

-3.5 % (2017 )

$1,004,000 (17 )

$1,051,000 (24 )

$1,174,000 (41 )

$983,500 (50 )

$1,057,000 (61 )

-5.0%

Murrays Bay

$1,520,400

$1,527,650

1.4%

$1,471,650

3.8%

$1,340,600

14.0%

$789,200

93.6%

-3.0 % (2017 )

$1,466,000 (7 )

$1,161,000 (10 )

$1,527,000 (21 )

$1,400,000 (14 )

$933,500 (34 )

57.0%

Narrow Neck

$1,568,400

3.1%

$1,540,000

1.8%

$1,385,700

13.2%

$843,500

85.9%

7.3 % (2017 )

$1,563,000 (7 )

$1,616,000 (6 )

$1,413,500 (10 )

$1,385,000 (19 )

$1,119,000 (17 )

39.7%

Northcote

$1,080,700

$1,080,250

-0.1%

$1,070,800

0.9%

$959,400

12.6%

$545,200

98.1%

-1.1 % (2017 )

$1,097,000 (27 )

$1,123,500 (32 )

$997,000 (32 )

$822,000 (49 )

$787,500 (44 )

39.3%

Northcote Point

$1,421,050

$1,414,700

2.9%

$1,367,850

3.4%

$1,252,600

12.9%

$738,300

91.6%

4.1 % (2017 )

$1,290,000 (9 )

$1,203,000 (8 )

$1,147,000 (11 )

$1,057,000 (13 )

$863,000 (14 )

49.5%

Northcross

$1,105,700

$1,104,750

0.3%

$1,096,850

0.7%

$977,550

13.0%

$567,600

94.6%

4.4 % (2017 )

$1,303,800 (9 )

$1,040,000 (11 )

$944,500 (12 )

$899,000 (22 )

$715,000 (33 )

82.3%

Oteha

$926,000

$925,000

2.0%

$886,800

4.3%

$784,650

17.9%

$497,800

85.8%

3.4 % (2017 )

$758,000 (10 )

$872,000 (14 )

$737,000 (29 )

$596,000 (38 )

$579,000 (24 )

30.9%

Pinehill

$1,373,250

$1,364,850

1.7%

$1,342,650

1.7%

$1,206,250

13.1%

$733,900

86.0%

-0.1 % (2017 )

$1,415,500 (12 )

$1,395,000 (7 )

$1,140,000 (19 )

$1,180,000 (15 )

$889,000 (18 )

59.2%

Rothesay Bay

$1,404,850

$1,398,900

2.1%

$1,387,800

0.8%

$1,228,900

13.8%

$738,500

89.4%

1.5 % (2017 )

$1,357,000 (15 )

$1,253,000 (15 )

$1,550,000 (15 )

$960,000 (22 )

$1,092,000 (22 )

24.3%

Schnapper Rock

$1,366,200

$1,375,400

2.9%

$1,420,650

-3.2%

$1,199,850

14.6%

$793,400

73.4%

-10.5 % (2017 )

$1,300,000 (6 )

$1,322,500 (8 )

$1,515,000 (15 )

$1,250,000 (21 )

$960,500 (24 )

35.3%

Stanley Point

$2,012,050

$2,026,600

2.0%

$1,943,450

4.3%

$1,689,450

20.0%

$1,114,200

81.9%

4.0 % (2017 )

$1,305,000 (7 )

$1,781,000 (6 )

$1,550,000 (9 )

$1,770,000 (9 )

$1,132,000 (13 )

15.3%

Sunnynook

$1,024,100

$1,022,750

2.3%

$1,009,800

1.3%

$939,800

8.8%

$473,900

115.8%

-0.8 % (2017 )

$1,023,500 (16 )

$1,069,000 (25 )

$894,000 (29 )

$795,000 (23 )

$786,000 (42 )

30.2%

Takapuna

$1,747,400

$1,760,500

0.7%

$1,677,700

4.9%

$1,476,150

19.3%

$934,700

88.3%

5.6 % (2017 )

$1,297,000 (15 )

$1,245,000 (27 )

$1,420,000 (39 )

$1,233,000 (58 )

$874,000 (63 )

48.4%

Torbay

$1,034,250

$1,030,850

0.1%

$1,027,950

0.3%

$921,300

11.9%

$554,300

86.0%

-2.0 % (2017 )

$933,000 (43 )

$926,000 (53 )

$949,000 (79 )

$858,000 (82 )

$729,000 (117 )

28.0%

Totara Vale

$889,200

$881,200

0.7%

$874,800

0.7%

$784,400

12.3%

$432,700

103.7%

-2.3 % (2017 )

$879,500 (18 )

$862,000 (19 )

$845,000 (27 )

$771,000 (37 )

$619,500 (36 )

42.0%

Unsworth Heights

$991,200

$990,150

-0.3%

$978,550

1.2%

$884,800

11.9%

$533,000

85.8%

6.3 % (2017 )

$962,000 (17 )

$962,000 (15 )

$897,000 (15 )

$879,000 (26 )

$770,000 (35 )

24.9%

Waiake

$1,380,850

$1,379,150

1.4%

$1,386,000

-0.5%

$1,228,500

12.3%

$818,500

68.5%

-1.8 % (2017 )

$1,183,000 (4 )

$1,312,000 (5 )

$1,058,000 (10 )

$1,264,500 (8 )

$876,000 (14 )

35.0%

Windsor Park

$1,194,300

$1,195,400

0.6%

$1,141,750

4.7%

$1,035,950

15.4%

$583,900

104.7%

5.7 % (2017 )

$1,215,000 (1 )

$1,110,000 (1 )

$1,251,000 (8 )

$1,147,000 (9 )

$792,000 (19 )

53.4%

WAITAKERE Glen Eden Glendene

$727,300 $761,700

$726,250 $763,700

-0.2% -0.9%

$728,750 $753,100

-0.3% 1.4%

$652,050 $702,600

11.4% 8.7%

$359,000 $388,600

102.3% 96.5%

0.5 % (2017 ) 2.4 % (2017 )

$679,100 (65 ) $735,000 (11 )

$698,500 (76 ) $747,100 (19 )

$693,000 (121 ) $706,500 (24 )

$644,000 (107 ) $670,000 (35 )

$512,000 (119 ) $601,000 (48 )

32.6% 22.3%

Green Bay

$917,250

$924,000

-0.5%

$911,450

1.4%

$843,500

9.5%

$471,300

96.1%

0.6 % (2017 )

$791,000 (11 )

$861,000 (8 )

$889,000 (12 )

$801,500 (8 )

$678,000 (15 )

16.7%

Smart property decisions start here

March 5, 2018 | PROPERTY REPORT E-Valuer estimate of median value at 31JAN2018

E-Valuer estimate of median value at 31DEC2017

E-Valuer price change in 3 months to 31DEC2017

E-Valuer estimate of E-Valuer price E-Valuer estimate of median value at change in year median value at 31DEC2016 to 31DEC2017 31DEC2015

E-Valuer price change in 2 years to 31DEC2017

E-Valuer estimate of median value at market peak (31OCT2007)

Henderson

$768,150

$769,000

-0.9%

$789,100

-2.5%

Hobsonville

$969,650

$965,100

0.1%

$940,150

2.7%

$696,700

10.4%

$401,800

91.4%

-0.1 % (2017 )

$724,750 (98 )

$744,500 (116 )

$742,000 (129 )

$634,000 (195 )

$542,000 (210 )

33.7%

$845,550

14.1%

$511,000

88.9%

3.0 % (2017 )

$945,000 (23 )

$923,750 (36 )

$937,000 (55 )

$777,708 (66 )

$748,500 (46 )

26.3%

Kelston

$729,200

$728,500

0.0%

$738,750

-1.4%

$674,900

Laingholm

$798,450

$804,650

-3.7%

$819,800

-1.8%

$701,950

7.9%

$341,600

113.3%

1.3 % (2017 )

$684,500 (11 )

$739,500 (16 )

$754,000 (15 )

$623,000 (20 )

$524,000 (33 )

30.6%

14.6%

$495,300

62.5%

-1.5 % (2017 )

$694,000 (7 )

$733,000 (7 )

$857,000 (15 )

$659,000 (15 )

$578,500 (12 )

20.0%

Massey

$746,000

$745,100

-1.1%

$755,550

-1.4%

$680,000

9.6%

$382,900

94.6%

-0.1 % (2017 )

New Lynn

$739,900

$741,850

-0.6%

$764,800

-3.0%

$668,300

11.0%

$352,700

110.3%

-5.0 % (2017 )

$709,000 (77 )

$707,000 (97 )

$721,000 (113 )

$630,750 (124 )

$539,000 (121 )

31.5%

$695,000 (44 )

$685,000 (79 )

$689,000 (87 )

$657,000 (96 )

$544,000 (109 )

27.8%

Piha

$970,000

$984,000

-0.2%

$976,850

0.7%

$881,350

11.6%

$768,700

28.0%

4.6 % (2017 )

$830,000 (5 )

$930,000 (3 )

$784,000 (7 )

Ranui

$700,450

$704,100

0.1%

$702,500

0.2%

$621,700

13.3%

$346,500

103.2%

-1.9 % (2017 )

$652,000 (40 )

$667,000 (34 )

$642,000 (45 )

$746,050 (9 )

$606,000 (8 )

37.0%

$557,000 (52 )

$493,500 (62 )

Sunnyvale

$721,800

$718,050

-0.9%

$742,550

-3.3%

$651,150

10.3%

$369,600

94.3%

-6.3 % (2017 )

$702,500 (18 )

$717,000 (19 )

$707,000 (17 )

32.1%

$573,000 (27 )

$512,000 (44 )

37.2%

Swanson

$822,200

$829,150

-0.5%

$839,650

-1.3%

$751,850

10.3%

$460,800

79.9%

1.2 % (2017 )

$744,000 (23 )

$796,000 (26 )

Te Atatu Peninsula

$951,400

$956,300

0.3%

$962,800

-0.7%

$853,500

12.0%

$457,600

109.0%

-0.3 % (2017 )

$968,000 (40 )

$846,000 (37 )

$804,000 (31 )

$692,000 (15 )

$603,050 (20 )

23.4%

$924,500 (56 )

$754,000 (61 )

$696,000 (71 )

Te Atatu South

$802,300

$802,200

-0.9%

$832,100

-3.6%

$747,600

7.3%

$404,600

98.3%

0.9 % (2017 )

$750,000 (50 )

$751,250 (56 )

$775,000 (53 )

39.1%

$694,000 (69 )

$594,500 (74 )

26.2%

Titirangi

$925,000

$929,100

0.1%

$955,100

-2.7%

$852,600

9.0%

$520,900

78.4%

1.6 % (2017 )

$855,000 (35 )

$772,000 (39 )

$865,000 (56 )

$765,750 (72 )

$700,500 (74 )

22.1%

West Harbour

$1,016,300

$1,014,550

-0.4%

$1,006,100

0.8%

$938,450

8.1%

$546,400

85.7%

-3.3 % (2017 )

$1,027,500 (25 )

$972,000 (42 )

$915,000 (40 )

$979,000 (65 )

$710,000 (82 )

44.7%

AUCKLAND Auckland Central Avondale

$525,550

$524,700

0.6%

$486,500

7.9%

$437,850

19.8%

$281,800

86.2%

-2.4 % (2017 )

$412,000 (201 )

$427,000 (222 )

$441,250 (230 )

$367,000 (283 )

$302,000 (352 )

36.4%

$833,600

$833,300

-0.4%

$833,050

0.0%

$752,400

10.8%

$405,200

105.7%

-2.4 % (2017 )

$807,000 (38 )

$802,444 (46 )

$785,500 (64 )

$735,000 (67 )

$624,000 (95 )

29.3%

Blockhouse Bay

$984,650

$989,250

0.6%

$1,002,500

-1.3%

$897,650

10.2%

$475,000

108.3%

-0.9 % (2017 )

$897,000 (33 )

$964,000 (21 )

$883,500 (40 )

$857,500 (36 )

$703,000 (54 )

27.6%

Eden Terrace

$670,650

$673,250

2.7%

$651,850

3.3%

$570,500

18.0%

$361,500

86.2%

-1.7 % (2017 )

$622,000 (20 )

$644,000 (21 )

$573,099 (21 )

$530,000 (37 )

$355,000 (31 )

75.2%

Ellerslie

$1,030,350

$1,037,150

0.8%

$1,028,250

0.9%

$911,650

13.8%

$490,000

111.7%

-1.3 % (2017 )

$893,000 (37 )

$859,000 (44 )

$934,500 (48 )

$793,000 (52 )

$613,000 (53 )

45.7%

Epsom

$1,902,550

$1,910,600

1.2%

$1,848,500

3.4%

$1,684,350

13.4%

$908,100

110.4%

3.5 % (2017 )

$1,296,000 (31 )

$1,512,500 (52 )

$1,633,000 (71 )

$1,565,444 (80 )

$1,363,000 (103 )

-4.9%

Freemans Bay

$1,294,100

$1,298,250

1.3%

$1,315,000

-1.3%

$1,189,250

9.2%

$683,900

89.8%

-0.5 % (2017 )

$1,362,500 (24 )

$1,215,000 (25 )

$1,014,000 (29 )

$838,000 (35 )

$1,087,000 (37 )

25.3%

Glen Innes

$1,028,900

$1,022,800

-1.7%

$920,900

11.1%

$870,050

17.6%

$418,500

144.4%

-2.7 % (2017 )

$1,097,000 (11 )

$1,097,000 (19 )

$1,152,500 (10 )

$861,000 (12 )

$805,250 (20 )

36.2%

Glendowie

$1,713,700

$1,713,500

-1.5%

$1,618,400

5.9%

$1,471,700

16.4%

$817,800

109.5%

4.1 % (2017 )

$1,562,500 (24 )

$1,620,000 (31 )

$1,575,000 (31 )

$1,230,000 (41 )

$1,246,000 (32 )

25.4%

Grafton

$534,100

$535,700

0.5%

$537,300

-0.3%

$464,400

15.4%

$317,900

68.5%

1.7 % (2017 )

$458,000 (21 )

$458,000 (15 )

$396,700 (26 )

$540,000 (35 )

$465,000 (19 )

-1.5%

Greenlane

$1,491,250

$1,498,200

0.9%

$1,473,750

1.7%

$1,329,700

12.7%

$725,100

106.6%

-2.5 % (2017 )

$1,147,000 (11 )

$1,121,500 (13 )

$1,228,000 (25 )

$1,135,000 (29 )

$1,010,500 (39 )

13.5%

Grey Lynn

$1,430,900 $2,620,100

$1,436,900 $2,623,400

1.7% 0.9%

$1,349,550 $2,470,900

6.5% 6.2%

$1,204,300 $2,102,500

19.3% 24.8%

$654,100 $1,466,000

119.7% 78.9%

4.7 % (2017 ) 8.9 % (2017 )

$1,230,000 (41 ) $1,482,000 (12 )

$1,230,000 (49 ) $2,310,000 (13 )

$1,132,000 (69 ) $2,643,000 (19 )

$1,133,000 (61 ) $2,282,500 (24 )

$912,000 (81 ) $1,387,000 (21 )

34.9% 6.8% 35.1%

Herne Bay Hillsborough

$1,114,400

$1,119,800

0.8%

$1,110,300

0.9%

$991,300

13.0%

$580,000

93.1%

-2.7 % (2017 )

$998,500 (16 )

$976,000 (9 )

$1,015,500 (28 )

$912,000 (36 )

$739,000 (33 )

Kingsland

$1,144,050

$1,139,300

0.8%

$1,121,300

1.6%

$1,013,850

12.4%

$538,300

111.6%

-2.0 % (2017 )

$739,500 (4 )

$857,000 (4 )

$880,000 (21 )

$627,000 (17 )

$788,000 (24 )

-6.2%

Kohimarama

$1,751,250

$1,773,500

1.7%

$1,742,550

1.8%

$1,481,050

19.7%

$934,600

89.8%

2.5 % (2017 )

$2,160,500 (18 )

$1,720,000 (17 )

$1,684,000 (20 )

$1,140,000 (21 )

$1,230,000 (33 )

75.7%

Lynfield

$1,068,000

$1,072,550

2.1%

$1,035,700

3.6%

$918,350

16.8%

$542,100

97.9%

9.4 % (2017 )

$853,000 (1 )

$1,144,000 (5 )

$933,000 (10 )

$846,000 (13 )

$777,000 (17 )

9.8%

Meadowbank

$1,316,700

$1,322,000

-2.1%

$1,276,300

3.6%

$1,159,750

14.0%

$606,600

117.9%

-1.8 % (2017 )

$1,268,000 (13 )

$1,189,000 (21 )

$1,315,000 (21 )

$1,202,000 (28 )

$959,500 (35 )

32.2%

Mission Bay

$1,871,850

$1,888,600

1.9%

$1,767,400

6.9%

$1,494,700

26.4%

$948,500

99.1%

-5.0 % (2017 )

$1,752,500 (8 )

$1,845,000 (9 )

$1,446,344 (19 )

$1,185,000 (23 )

$1,160,000 (37 )

51.1%

Morningside

$1,056,650

$1,058,650

-0.4%

$1,053,050

0.5%

$953,350

11.0%

$507,900

108.4%

0.3 % (2017 )

$571,000 (9 )

$592,000 (17 )

$907,000 (13 )

$611,000 (30 )

$396,000 (19 )

44.2% 17.0%

Mount Albert

$1,101,200

$1,103,100

-0.4%

$1,087,150

1.5%

$980,450

12.5%

$517,900

113.0%

-5.3 % (2017 )

$927,000 (31 )

$1,044,000 (41 )

$911,000 (57 )

$847,000 (65 )

$792,000 (109 )

Mount Eden

$1,497,800

$1,491,650

2.0%

$1,426,500

4.6%

$1,303,100

14.5%

$688,600

116.6%

0.3 % (2017 )

$1,169,000 (55 )

$1,140,000 (66 )

$1,488,944 (82 )

$1,200,750 (92 )

$1,090,000 (133 )

7.2%

Mount Roskill

$979,750

$981,850

1.2%

$970,000

1.2%

$876,100

12.1%

$475,700

106.4%

-1.2 % (2017 )

$848,000 (49 )

$813,000 (40 )

$889,000 (77 )

$816,000 (70 )

$767,000 (119 )

10.6%

Mount Wellington

$796,550

$795,500

-1.3%

$800,800

-0.7%

$716,150

11.1%

$385,800

106.2%

-1.7 % (2017 )

$766,500 (66 )

$757,000 (72 )

$739,000 (95 )

$688,500 (108 )

$566,500 (116 )

35.3%

New Windsor

$982,550

$980,850

-0.3%

$962,150

1.9%

$895,600

9.5%

$458,400

114.0%

1.3 % (2017 )

$987,000 (12 )

$955,000 (11 )

$949,500 (24 )

$848,750 (22 )

$792,500 (34 )

24.5%

Newmarket

$763,750

$761,600

-0.6%

$705,100

8.0%

$655,900

16.1%

N/A

-4.9 % (2017 )

$722,500 (6 )

$880,000 (8 )

$656,000 (9 )

$650,000 (15 )

$535,000 (13 )

35.0%

One Tree Hill

$1,064,350

$1,065,500

-0.6%

$1,065,400

0.0%

$935,000

14.0%

$520,500

104.7%

1.5 % (2017 )

$931,000 (16 )

$819,000 (11 )

$1,108,000 (24 )

$797,000 (25 )

$794,000 (28 )

17.3%

Onehunga

$925,750

$924,900

-1.0%

$930,100

-0.6%

$830,550

11.4%

$464,300

99.2%

0.6 % (2017 )

$770,000 (49 )

$874,000 (46 )

$929,500 (84 )

$758,500 (74 )

$751,000 (94 )

2.5%

Oneroa

$1,406,300

$1,406,550

0.1%

$1,223,750

14.9%

$1,052,450

33.6%

$688,100

104.4%

2.0 % (2017 )

$844,000 (8 )

$1,216,000 (10 )

$1,224,500 (27 )

$826,000 (23 )

$740,000 (33 )

14.1%

Onetangi

$1,401,950

$1,398,500

-0.7%

$1,199,050

16.6%

$1,047,850

33.5%

$739,500

89.1%

13.5 % (2017 )

$828,000 (7 )

$847,000 (7 )

$1,933,000 (5 )

$741,250 (10 )

$582,500 (16 )

42.1%

Orakei

$1,913,700

$1,919,400

2.1%

$1,720,050

11.6%

$1,577,000

21.7%

$988,300

94.2%

10.1 % (2017 )

$1,925,000 (8 )

$1,666,000 (5 )

$1,645,000 (25 )

$1,275,000 (23 )

$1,280,000 (27 )

50.4%

Ostend

$956,300 $606,050 $816,000 $1,668,200

-0.7% -1.3% 0.0% 0.5%

$892,500 $614,450 $834,600 $1,589,200

7.1% -1.4% -2.2% 5.0%

$786,950 $535,600 $737,450 $1,450,600

21.5% 13.2% 10.7% 15.0%

Point Chevalier Point England

$1,477,500 $960,700

$1,469,000 $954,350

0.3% -1.8%

$1,419,300 $870,650

3.5% 9.6%

$1,292,650 $822,200

13.6% 16.1%

$515,500 $298,700 $403,300 $915,800 $667,500 $397,500

85.5% 102.9% 102.3% 82.2% 120.1% 140.1%

1.4 % (2017 ) -3.9 % (2017 ) -2.4 % (2017 ) -0.8 % (2017 ) 2.4 % (2017 ) 8.0 % (2017 )

$785,000 (10 ) $618,000 (18 )

Parnell

$960,400 $607,400 $814,400 $1,645,500

$906,700 (7 ) $985,000 (23 ) $1,493,000 (18 ) $907,000 (1 )

$797,000 (6 ) $536,000 (29 ) $694,000 (17 ) $827,500 (32 ) $1,205,000 (17 ) $992,000 (4 )

$839,000 (16 ) $635,500 (32 ) $830,500 (18 ) $1,642,000 (51 ) $1,305,000 (34 ) $915,000 (12 )

$690,250 (16 ) $606,500 (33 ) $787,000 (23 ) $1,022,000 (40 ) $1,244,500 (26 ) $785,000 (5 )

$540,000 (15 ) $428,000 (55 ) $569,000 (24 ) $1,333,000 (65 ) $1,038,500 (48 ) $670,000 (13 )

45.4% 44.4% 59.3% -26.1% 43.8% 35.4%

Ponsonby Remuera

$1,766,300 $2,112,050

4.4% 6.8%

$1,114,750 $1,167,350

3.9% 5.8%

$1,545,100 $1,764,200 $1,013,550 $1,047,500

15.2% 19.7%

$1,160,800 $1,232,400

2.3% -0.2% 0.7% -0.3%

$1,705,600 $1,977,100

Royal Oak Saint Johns

$1,779,800 $2,112,100 $1,158,000 $1,235,500

14.3% 17.9%

$853,500 $1,058,800 $561,700 $600,800

108.5% 99.5% 106.2% 105.6%

6.9 % (2017 ) 0.2 % (2017 ) 7.3 % (2017 ) -1.0 % (2017 )

$1,737,500 (16 ) $1,675,000 (83 ) $887,000 (9 ) $1,058,500 (20 )

$1,755,000 (15 ) $1,683,000 (84 ) $905,500 (14 ) $972,000 (23 )

$1,790,010 (27 ) $1,933,000 (151 ) $1,051,000 (18 ) $1,003,500 (19 )

$1,520,000 (27 ) $1,545,000 (159 ) $1,026,000 (22 ) $980,000 (24 )

$1,370,000 (43 ) $1,205,000 (159 ) $806,750 (32 ) $812,500 (38 )

26.8% 39.0% 9.9% 30.3%

Saint Marys Bay

$2,284,500

$2,259,400

2.5%

$2,215,850

2.0%

$1,941,100

16.4%

$1,212,900

86.3%

-14.2 % (2017 )

$990,000 (3 )

$1,550,000 (4 )

$1,885,000 (5 )

$1,885,000 (8 )

$1,757,000 (13 )

-43.7%

Sandringham

$1,105,350

$1,109,550

-0.3%

$1,096,250

1.2%

$978,750

13.4%

$504,400

120.0%

3.7 % (2017 )

$989,000 (27 )

$1,049,500 (28 )

$1,000,000 (47 )

$772,000 (40 )

$691,000 (65 )

43.1%

St Heliers

$1,769,450

$1,786,750

0.4%

$1,697,550

5.3%

$1,479,950

20.7%

$927,200

92.7%

-0.5 % (2017 )

$1,665,000 (27 )

$1,660,000 (43 )

$1,745,000 (67 )

$1,205,000 (61 )

$1,132,500 (72 )

47.0%

Stonefields Surfdale

$1,327,100 $958,400 $1,016,050 $1,348,600

$1,329,700 $953,400 $1,015,800 $1,353,500

-0.7% -0.5% 1.0% -0.3%

$1,252,250 $854,300 $979,900 $1,156,400

6.2% 11.6% 3.7% 17.0%

$1,152,900 $754,450 $882,450 $1,074,200

15.3% 26.4% 15.1% 26.0%

N/A $516,800 $514,100

N/A 84.5% 97.6%

-3.0 % (2017 ) 2.7 % (2017 ) 1.1 % (2017 )

$1,275,000 (28 ) $1,067,000 (4 ) $1,224,000 (3 )

$1,298,888 (41 ) $824,500 (8 ) $1,309,000 (5 )

$1,428,750 (14 ) $972,000 (15 ) $776,000 (10 )

$1,180,000 (13 ) $699,000 (17 ) $906,000 (10 )

$945,000 (49 ) $632,000 (11 ) $646,000 (17 )

34.9% 68.8% 89.5%

$528,600

156.1%

1.7 % (2017 )

$1,342,000 (2 )

$1,355,000 (5 )

$1,875,000 (5 )

$910,000 (11 )

$847,000 (3 )

58.4%

$893,150 $1,890,850

$893,700 $1,914,100

0.8% 1.9%

$938,150 $1,797,500

-4.7% 6.5%

$839,000 $1,605,100

6.5% 19.3%

$453,200 $869,900

97.2% 120.0%

6.6 % (2017 ) 6.2 % (2017 )

$971,500 (12 ) $1,924,000 (15 )

$855,500 (8 ) $1,705,000 (17 )

$1,075,000 (19 ) $1,665,000 (24 )

$719,000 (9 ) $1,669,000 (20 )

$608,500 (8 ) $1,427,000 (27 )

59.7% 34.8%

Botany Downs

$1,217,650 $1,002,450

$1,216,650 $1,004,450

0.8% -0.1%

$1,196,500 $1,002,350

1.7% 0.2%

$1,014,750 $888,150

19.9% 13.1%

$659,700 $522,600

84.4% 92.2%

1.0 % (2017 ) -1.7 % (2017 )

$1,214,000 (33 ) $954,000 (15 )

$1,179,000 (31 ) $919,000 (19 )

$1,100,000 (43 ) $944,000 (20 )

$903,500 (28 ) $847,000 (31 )

$835,000 (47 ) $743,000 (33 )

45.4% 28.4%

Bucklands Beach

$1,294,900

$1,293,800

-0.4%

$1,308,150

-1.1%

$1,110,100

16.5%

$650,000

99.0%

-1.9 % (2017 )

$1,226,513 (18 )

$1,247,000 (19 )

$1,167,000 (36 )

$966,500 (42 )

$806,500 (66 )

52.1%

Burswood

$933,400

$932,550

-1.2%

$924,850

0.8%

$829,500

12.4%

$474,700

96.5%

0.0 % (2017 )

$964,000 (5 )

$957,000 (5 )

$869,500 (8 )

$766,500 (6 )

$717,000 (9 )

34.4% 48.6%

Otahuhu Panmure

Three Kings Wai O Taiki Bay Waterview Westmere MANUKAU Beachlands

Clendon Park

$567,750

$561,550

0.8%

$558,550

0.5%

$493,150

13.9%

$293,100

91.6%

6.5 % (2017 )

$552,000 (24 )

$576,000 (20 )

$560,000 (28 )

$472,000 (35 )

$371,500 (70 )

Clover Park

$641,200

$642,950

-1.0%

$653,900

-1.7%

$584,550

10.0%

$335,700

91.5%

3.6 % (2017 )

$632,000 (13 )

$636,000 (13 )

$644,000 (17 )

$600,000 (27 )

$416,000 (31 )

51.9%

Cockle Bay

$1,299,700

$1,298,350

2.3%

$1,289,050

0.7%

$1,123,750

15.5%

$694,800

86.9%

-2.2 % (2017 )

$1,155,000 (13 )

$1,147,750 (16 )

$1,220,000 (17 )

$1,044,500 (30 )

$897,000 (30 )

28.8%

Dannemora

$1,411,650

$1,399,500

-2.5%

$1,477,900

-5.3%

$1,253,950

11.6%

$718,200

94.9%

-3.7 % (2017 )

$1,347,000 (13 )

$1,356,500 (14 )

$1,415,000 (11 )

$1,335,000 (7 )

$1,079,500 (18 )

24.8%

East Tamaki

$891,300

$911,000

1.5%

$871,600

4.5%

$783,500

16.3%

$471,000

93.4%

-0.9 % (2017 )

$642,000 (13 )

$799,500 (31 )

$928,000 (35 )

$862,500 (32 )

$698,500 (38 )

-8.1%

East Tamaki Heights

$1,310,000

$1,302,400

-2.7%

$1,333,250

-2.3%

$1,167,100

11.6%

$697,600

86.7%

-2.4 % (2017 )

$1,142,000 (17 )

$1,201,500 (19 )

$1,220,000 (13 )

$1,037,000 (25 )

$895,000 (23 )

27.6%

Eastern Beach

$1,485,050

$1,489,250

-2.4%

$1,545,750

-3.7%

$1,309,650

13.7%

$792,500

87.9%

0.0 % (2017 )

$1,474,000 (4 )

$1,012,000 (5 )

$1,109,000 (3 )

$1,039,500 (4 )

$894,000 (11 )

64.9%

Farm Cove

$1,375,450

$1,364,850

0.5%

$1,402,450

-2.7%

$1,203,300

13.4%

$674,900

102.2%

-3.9 % (2017 )

$1,087,500 (8 )

$1,144,000 (11 )

$1,443,000 (10 )

$974,500 (10 )

$1,037,000 (17 )

4.9%

Favona

$694,150

$694,800

2.3%

$669,250

3.8%

$587,850

18.2%

$346,600

100.5%

5.9 % (2017 )

$660,000 (9 )

$718,500 (22 )

$731,500 (22 )

$588,076 (24 )

$485,000 (27 )

36.1%

$1,029,400

$1,029,800

-1.0%

$1,066,200

-3.4%

$934,150

10.2%

$582,800

76.7%

-4.1 % (2017 )

$1,010,000 (82 )

$1,040,000 (123 )

$1,018,000 (104 )

$916,000 (114 )

$819,500 (188 )

23.2%

Flat Bush

Smart property decisions start here

March 5, 2018 | PROPERTY REPORT E-Valuer estimate of median value at

E-Valuer estimate of median value at

E-Valuer price change in 3

E-Valuer estimate of E-Valuer price E-Valuer estimate of median value at change in year median value at

E-Valuer price change in 2

E-Valuer estimate of median value at

31JAN2018

31DEC2017

months to 31DEC2017

31DEC2016

to 31DEC2017

Golflands

$1,056,250

$1,051,000

1.5%

$1,086,650

Goodwood Heights

$880,350

$883,500

0.0%

$894,100

Half Moon Bay

$1,201,200

$1,200,350

-0.8%

Highland Park

$908,950

$909,900

0.5%

Howick

$984,100

$982,500

Mangere

$676,800

$679,050

31DEC2015

years to 31DEC2017

market peak (31OCT2007)

-3.3%

$939,850

11.8%

$551,600

-1.2%

$793,800

11.3%

$526,300

$1,243,250

-3.5%

$1,074,850

11.7%

$619,100

$935,250

-2.7%

$818,250

11.2%

$472,900

0.3%

$997,450

-1.5%

$862,050

14.0%

$512,000

2.9%

$671,450

1.1%

$589,750

15.1%

$339,800

(CV date in brackets)

brackets)

years to 31DEC2017

90.5%

8.3 % (2017 )

$1,134,500 (8 )

$1,057,000 (11 )

$1,057,500 (16 )

$935,000 (13 )

$717,000 (23 )

58.2%

67.9%

0.0 % (2017 )

$964,489 (9 )

$774,000 (10 )

$719,000 (15 )

$747,000 (27 )

$594,000 (13 )

62.4%

93.9%

-1.4 % (2017 )

$944,000 (19 )

$910,000 (17 )

$924,000 (25 )

$897,000 (27 )

$800,500 (48 )

17.9%

92.4%

-2.2 % (2017 )

$930,000 (7 )

$778,000 (7 )

$814,500 (14 )

$858,000 (19 )

$642,000 (13 )

44.9%

91.9%

0.5 % (2017 )

$846,000 (45 )

$922,000 (37 )

$923,000 (49 )

$802,000 (65 )

$710,500 (76 )

19.1%

99.8%

0.9 % (2017 )

$707,000 (18 )

$674,000 (29 )

$695,000 (36 )

$554,000 (39 )

$469,000 (55 )

50.7%

Mangere Bridge

$972,700

$973,300

-0.9%

$979,250

-0.6%

$864,950

12.5%

$455,700

113.6%

-6.9 % (2017 )

$852,000 (15 )

$908,250 (20 )

$989,500 (32 )

$799,500 (44 )

$718,000 (48 )

18.7%

Mangere East

$653,400

$652,800

1.3%

$649,800

0.5%

$567,250

15.1%

$317,000

105.9%

1.7 % (2017 )

$645,750 (38 )

$627,000 (32 )

$645,000 (55 )

$569,000 (65 )

$454,000 (96 )

42.2%

Manurewa

$665,500

$661,900

1.9%

$655,550

1.0%

$575,450

15.0%

$336,800

96.5%

0.8 % (2017 )

$595,000 (81 )

$614,500 (122 )

$602,000 (131 )

$535,000 (186 )

$423,500 (250 )

40.5%

Manurewa East

$622,650

$622,500

0.8%

$624,300

-0.3%

$545,050

14.2%

$321,400

93.7%

1.6 % (2017 )

$621,500 (6 )

$550,000 (6 )

$672,000 (17 )

$555,000 (11 )

$432,000 (13 )

43.9%

Maraetai

$1,266,950

$1,264,950

-1.3%

$1,267,950

-0.2%

$1,071,450

18.1%

$748,500

69.0%

-5.2 % (2017 )

$1,042,500 (2 )

$945,000 (6 )

$1,204,000 (16 )

$1,120,000 (7 )

$849,500 (12 )

22.7%

Mellons Bay

$1,637,850

$1,640,850

-0.2%

$1,634,850

0.4%

$1,419,850

15.6%

$812,100

102.1%

10.8 % (2017 )

$1,920,000 (5 )

$989,000 (7 )

$1,277,633 (14 )

$1,385,000 (22 )

$1,254,000 (15 )

53.1%

Northpark

$1,174,500

$1,179,350

-0.8%

$1,185,450

-0.5%

$1,025,200

15.0%

$585,100

101.6%

2.5 % (2017 )

$1,077,000 (15 )

$1,237,000 (14 )

$981,000 (16 )

$1,023,500 (18 )

$834,500 (32 )

29.1%

Otara

$556,700

$550,600

-2.9%

$589,950

-6.7%

$499,600

10.2%

$280,300

96.4%

2.6 % (2017 )

$544,000 (9 )

$553,000 (16 )

$593,000 (23 )

$471,000 (31 )

$389,000 (40 )

39.8%

Pakuranga

$935,250

$933,750

1.2%

$962,750

-3.0%

$826,500

13.0%

$467,900

99.6%

2.9 % (2017 )

$892,000 (21 )

$808,000 (19 )

$948,000 (28 )

$742,000 (35 )

$654,000 (53 )

36.4%

Pakuranga Heights

$914,650

$911,750

0.9%

$940,350

-3.0%

$809,050

12.7%

$448,500

103.3%

-3.8 % (2017 )

$800,000 (13 )

$794,000 (29 )

$878,000 (34 )

$764,000 (37 )

$708,000 (45 )

13.0%

Papatoetoe

$719,100

$719,350

1.8%

$708,750

1.5%

$626,300

14.9%

$368,200

95.4%

-0.8 % (2017 )

$655,500 (100 )

$644,000 (105 )

$656,000 (160 )

$624,000 (195 )

$469,000 (230 )

39.8%

Randwick Park

$612,800

$612,000

2.1%

$610,700

0.2%

$530,000

15.5%

$323,600

89.1%

-3.4 % (2017 )

$601,000 (20 )

$531,891 (22 )

$605,500 (26 )

$504,000 (27 )

$398,000 (43 )

51.0%

Shelly Park

$1,230,850

$1,229,350

2.9%

$1,265,900

-2.9%

$1,111,150

10.6%

$706,300

74.1%

-0.1 % (2017 )

$1,034,000 (7 )

$1,055,750 (10 )

$989,000 (8 )

$1,087,000 (13 )

$734,500 (14 )

40.8% 40.3%

Somerville

$1,210,750

$1,216,600

-1.4%

$1,223,850

-0.6%

$1,080,950

12.5%

$633,800

92.0%

0.5 % (2017 )

$1,220,944 (14 )

$1,248,000 (12 )

$1,073,500 (16 )

$1,112,000 (25 )

$870,000 (24 )

Sunnyhills

$1,279,450

$1,286,600

2.0%

$1,326,400

-3.0%

$1,131,950

13.7%

$638,900

101.4%

-2.8 % (2017 )

$1,051,500 (12 )

$1,231,000 (10 )

$1,314,250 (16 )

$1,135,000 (17 )

$877,000 (21 )

19.9%

The Gardens

$1,023,050

$1,034,250

1.2%

$1,076,850

-4.0%

$913,800

13.2%

$620,800

66.6%

-0.3 % (2017 )

$1,010,000 (9 )

$1,010,000 (11 )

$958,000 (15 )

$895,000 (25 )

$732,000 (27 )

38.0%

Totara Heights

$829,100

$831,650

0.0%

$846,450

-1.7%

$756,550

9.9%

$487,300

70.7%

-2.2 % (2017 )

$826,000 (6 )

$800,000 (6 )

$877,000 (13 )

$731,000 (11 )

$608,500 (14 )

35.7%

Wattle Downs

$796,200

$795,250

-1.1%

$797,200

-0.2%

$738,000

7.8%

$449,400

77.0%

-3.2 % (2017 )

$767,500 (27 )

$715,000 (33 )

$749,000 (45 )

$695,000 (53 )

$629,000 (63 )

22.0%

Weymouth

$635,250

$637,500

3.3%

$626,200

1.8%

$553,300

15.2%

$330,600

92.8%

3.2 % (2017 )

$632,000 (33 )

$639,000 (33 )

$614,000 (59 )

$527,000 (64 )

$448,250 (64 )

41.0%

PAPAKURA/FRANKLIN Clarks Beach Conifer Grove

$806,250

$806,200 $781,600

1.7%

-1.2%

$681,100 $701,750

18.4% 11.4%

$528,300

-0.2%

$759,100 $790,950

6.2%

$778,150

$458,600

52.6% 70.4%

2.9 % (2017 ) -4.0 % (2017 )

$737,000 (7 ) $800,500 (8 )

$690,500 (6 ) $804,000 (14 )

$689,000 (10 ) $774,000 (17 )

$710,000 (13 ) $722,000 (21 )

$511,500 (15 ) $564,000 (23 )

41.9%

Manukau

$548,050

$547,700

-0.3%

$547,350

0.1%

$473,500

15.7%

$304,500

79.9%

-9.5 % (2017 )

$505,000 (9 )

$398,500 (6 )

$485,000 (11 )

$418,000 (18 )

$311,000 (19 )

62.4%

Opaheke

$677,450

$681,750

-1.0%

$700,100

-2.6%

$626,700

8.8%

$391,900

74.0%

-2.0 % (2017 )

$638,000 (10 )

$621,000 (11 )

$713,444 (20 )

$641,750 (16 )

$516,944 (20 )

23.4%

Pahurehure

$760,550

$759,750

0.2%

$751,750

1.1%

$686,750

10.6%

$444,100

71.1%

0.8 % (2017 )

$744,500 (18 )

$686,000 (9 )

$731,000 (23 )

$637,000 (25 )

$540,000 (18 )

37.9%

Papakura

$604,800

$606,850

-0.3%

$610,100

-0.5%

$532,700

13.9%

$324,400

87.1%

-1.6 % (2017 )

$567,500 (96 )

$590,500 (118 )

$586,500 (154 )

$522,000 (171 )

$387,000 (146 )

46.6% 35.7%

44.1%

Pukekohe

$669,700

$667,450

-0.1%

$661,350

0.9%

$595,900

12.0%

$406,400

64.2%

-0.4 % (2017 )

$677,000 (89 )

$668,500 (94 )

$639,000 (145 )

$574,000 (149 )

$499,000 (149 )

Red Hill

$600,500

$602,300

0.3%

$595,800

1.1%

$524,000

14.9%

$336,700

78.9%

8.5 % (2017 )

$640,500 (4 )

$579,000 (9 )

$554,500 (18 )

$422,000 (13 )

$396,500 (14 )

61.5%

Rosehill

$640,000

$646,000

-2.2%

$681,150

-5.2%

$599,850

7.7%

$374,300

72.6%

2.5 % (2017 )

$692,000 (16 )

$675,000 (15 )

$639,000 (25 )

$629,000 (14 )

$439,000 (15 )

57.6%

Takanini

$699,700

$701,900

-0.3%

$705,700

-0.5%

$631,150

11.2%

$393,200

78.5%

0.0 % (2017 )

$737,500 (49 )

$735,750 (48 )

$728,000 (60 )

$615,000 (66 )

$506,000 (106 )

45.8%

Waiuku

$619,200

$619,400

0.5%

$600,000

3.2%

$530,200

16.8%

$377,600

64.0%

0.9 % (2017 )

$612,000 (38 )

$647,000 (45 )

$589,000 (59 )

$463,000 (94 )

$424,000 (73 )

44.3%

WHANGAREI/NORTHLAND Dargaville

$307,400

5.7% 1.7%

39.4%

$281,000 (28 )

4.5%

$176,000 (14 )

$206,250 (16 )

$235,500 (46 ) $159,641 (20 )

$220,000 (29 ) $141,000 (24 )

$165,250 (16 ) $113,000 (13 )

93.9%

33.7%

3.6 % (2017 ) 27.7 % (2016 )

$320,500 (24 )

$138,950

$224,200 $177,800

37.0%

$158,900

17.7% 16.9%

$220,400

$186,950

$307,150 $185,750

$260,850

Kaikohe Kaitaia

$224,000

$225,000

3.1%

$192,950

16.6%

$167,300

34.5%

$214,200

5.0%

20.0 % (2016 )

$207,000 (38 )

$202,500 (38 )

$173,750 (42 )

$141,000 (24 )

$169,000 (19 )

22.5%

Kamo

$479,250

$475,100

0.8%

$442,000

7.5%

$366,000

29.8%

$360,900

31.6%

34.7 % (2015 )

$428,000 (66 )

$425,500 (66 )

$414,000 (72 )

$347,000 (83 )

$288,500 (40 )

48.4%

Kensington

$439,100

$438,050

1.3%

$412,000

6.3%

$333,950

31.2%

$344,000

27.3%

48.9 % (2015 )

$415,000 (23 )

$415,000 (35 )

$382,000 (39 )

$364,000 (29 )

$267,000 (29 )

55.4%

Kerikeri

$649,700 $818,550 $619,750 $387,850 $720,500 $436,800

$653,400 $816,750 $612,450 $384,700 $702,200 $434,400

0.4% 0.6% 3.0% 0.0% 0.6% 0.2%

$610,850 $745,000 $551,800 $352,950 $667,900 $404,600

7.0% 9.6% 11.0% 9.0% 5.1% 7.4%

$503,100 $632,650 $471,000 $293,400 $554,350 $330,950

29.9% 29.1% 30.0% 31.1% 26.7% 31.3%

$508,700 $552,800 $463,100 $279,200 $574,000

28.4% 47.7% 32.3% 37.8% 22.3%

15.2 % (2016 ) 2.9 % (2017 ) 37.9 % (2015 ) 30.8 % (2015 ) 33.0 % (2015 )

$562,000 (49 ) $735,000 (17 ) $652,500 (10 ) $375,000 (9 ) $580,000 (5 )

$638,750 (50 ) $717,000 (19 ) $655,000 (9 ) $369,500 (16 ) $546,200 (7 )

$564,500 (72 ) $677,500 (22 ) $502,000 (10 ) $347,000 (15 ) $604,000 (22 )

$481,500 (66 ) $612,000 (39 ) $393,000 (14 ) $261,500 (22 ) $479,000 (19 )

$424,500 (57 ) $440,250 (26 ) $409,500 (15 ) $259,000 (11 ) $471,000 (16 )

32.4% 67.0% 59.3% 44.8% 23.1%

$335,100

29.6%

36.0 % (2015 )

$450,000 (30 )

$420,000 (39 )

$336,500 (49 )

$304,000 (51 )

$274,750 (28 )

63.8%

Tikipunga Whangarei Heads

$324,700 $553,650 $393,350 $643,950

$324,200 $548,050 $388,500 $641,650

3.0% 0.2% 0.5% 0.7%

$277,200 $509,800 $364,950 $621,700

17.0% 7.5% 6.5% 3.2%

$233,500 $418,100 $293,000 $520,700

38.8% 31.1% 32.6% 23.2%

$244,800 $397,700 $296,900 $541,600

32.4% 37.8% 30.9% 18.5%

59.3 % (2015 ) 49.1 % (2015 ) 44.6 % (2015 ) 35.9 % (2015 )

$345,000 (17 ) $550,000 (14 ) $401,000 (19 ) $615,000 (5 )

$306,500 (22 ) $449,000 (10 ) $379,750 (28 ) $722,500 (6 )

$274,000 (25 ) $527,000 (13 ) $355,000 (41 ) $655,500 (8 )

$245,000 (33 ) $379,250 (28 ) $288,000 (44 ) $587,000 (5 )

$187,000 (17 ) $334,000 (23 ) $239,000 (22 ) $384,000 (6 )

84.5% 64.7% 67.8% 60.2%

Whau Valley

$436,400

$435,400

2.2%

$402,900

8.1%

$329,000

32.3%

$343,700

26.7%

33.1 % (2015 )

$471,000 (9 )

$424,000 (9 )

$354,000 (11 )

$296,000 (20 )

$314,500 (12 )

49.8%

COROMANDEL/HAURAKI/MATAMATA Matamata $484,450 Matarangi $664,200

$483,850

1.6% 0.9%

$428,550

12.9% 8.3%

$344,100

51.1%

0.3% 1.2% 0.9% 1.9% 1.4%

$425,250 $316,250 $765,500

$330,800 $246,850 $667,700

38.1% 41.8% 25.5%

$429,000 (27 ) $309,000 (62 )

$294,000 (47 ) $357,000 (8 ) $294,000 (51 )

$626,750 $356,500

7.4% 10.7% 9.5% 7.5% 11.1%

$477,000 (15 ) $417,000 (46 )

$408,000 (64 ) $425,000 (25 ) $419,000 (49 )

44.2%

13.5% 44.8%

$476,500 (50 ) $489,500 (10 ) $421,000 (48 )

$329,000 (73 )

$584,500 $315,400

47.4 % (2015 ) -0.5 % (2017 ) 46.3 % (2015 )

$424,000 (53 )

$559,200

40.6% 18.6%

$320,200

$663,200

$520,350 $277,350

29.5% 42.7%

$233,400 $684,500 $537,000 $266,200

50.0% 22.5% 25.5% 48.7%

59.8 % (2015 ) 3.9 % (2017 ) 9.4 % (2017 ) 54.3 % (2015 )

$296,000 (18 ) $600,000 (24 ) $455,000 (9 ) $379,000 (17 )

$380,000 (21 ) $663,500 (26 ) $555,000 (9 ) $359,000 (16 )

$322,500 (20 ) $641,000 (51 ) $587,000 (27 ) $358,000 (29 )

$244,250 (30 ) $502,000 (43 ) $425,000 (41 ) $259,000 (43 )

$173,500 (22 ) $499,000 (31 ) $414,000 (11 ) $238,500 (26 )

70.6% 20.2% 9.9% 58.9%

THE REGIONS

Mangawhai Heads Maunu Morningside One Tree Point Onerahi Raumanga Ruakaka

Morrinsville Paeroa

$612,100

55.8%

33.6% 41.8%

Pauanui

$459,800 $349,600 $836,150

$456,700 $350,000 $838,200

Tairua Te Aroha

$674,950 $395,350

$673,900 $395,900

Thames

$478,700

$477,000

3.0%

$448,400

6.4%

$363,500

31.2%

$336,800

41.6%

6.8 % (2017 )

$456,000 (26 )

$445,000 (35 )

$457,000 (40 )

$351,000 (57 )

$316,500 (52 )

44.1%

Waihi

$353,500

$351,250

0.0%

$331,050

6.1%

$249,900

40.6%

Whangamata Whitianga

$746,100 $633,250

$744,300 $633,700

2.3% 1.9%

$678,100 $570,450

9.8% 11.1%

$555,050 $481,800

34.1% 31.5%

$256,700 $533,000 $476,200

36.8% 39.6% 33.1%

52.6 % (2015 ) 1.7 % (2017 ) -0.5 % (2017 )

$337,000 (25 ) $669,000 (29 ) $513,000 (42 )

$335,000 (29 ) $664,500 (38 ) $509,000 (56 )

$310,000 (33 ) $646,500 (58 ) $451,000 (73 )

$231,500 (74 ) $452,000 (66 ) $419,000 (70 )

$195,000 (41 ) $394,600 (72 ) $354,000 (59 )

72.8% 69.5% 44.9%

Beerescourt

$362,050 $616,900

$359,900 $618,150

-3.6% -1.1%

$354,350 $589,400

1.6% 4.9%

$308,550 $527,550

16.6% 17.2%

$257,900 $432,700

39.6% 42.9%

21.0 % (2015 ) 28.6 % (2015 )

$331,500 (12 ) $538,000 (12 )

$358,000 (13 ) $594,000 (9 )

$366,000 (12 ) $524,000 (9 )

$331,000 (13 ) $494,000 (13 )

$235,000 (13 ) $410,000 (15 )

41.1% 31.2%

Chartwell

$543,000

$542,150

1.0%

$525,500

3.2%

$450,200

20.4%

$364,300

48.8%

29.8 % (2015 )

$584,000 (44 )

$620,000 (44 )

$557,000 (58 )

$409,500 (52 )

$369,500 (58 )

58.1%

Claudelands

$510,700

$508,950

0.4%

$492,900

3.3%

$422,400

20.5%

$352,200

44.5%

27.0 % (2015 )

$439,000 (13 )

$434,000 (15 )

$488,500 (22 )

$441,250 (22 )

$379,000 (13 )

15.8%

Dinsdale

$486,450

$486,500

1.5%

$463,150

5.0%

$404,400

20.3%

$332,400

46.4%

32.2 % (2015 )

$485,000 (31 )

$486,375 (52 )

$462,000 (56 )

$382,000 (81 )

$301,250 (57 )

61.0%

Enderley

$381,500

$380,000

0.3%

$377,300

0.7%

$317,450

19.7%

$270,100

40.7%

27.1 % (2015 )

$404,500 (12 )

$400,000 (22 )

$454,250 (14 )

$324,500 (30 )

$265,000 (18 )

52.6%

Fairfield

$483,350

$483,500

-0.1%

$469,000

3.1%

$409,600

18.0%

$340,600

42.0%

30.9 % (2015 )

$528,000 (20 )

$434,000 (24 )

$412,500 (24 )

$344,500 (58 )

$307,250 (50 )

71.8%

Fairview Downs

$470,400

$472,550

1.1%

$454,100

4.1%

$404,400

16.9%

$317,300

48.9%

23.4 % (2015 )

$512,000 (9 )

$467,250 (8 )

$463,000 (24 )

$400,250 (22 )

$316,000 (17 )

62.0%

Fitzroy

$506,300

$503,650

1.3%

$477,850

5.4%

$420,050

19.9%

$313,500

60.7%

24.0 % (2015 )

$429,000 (5 )

$474,000 (5 )

$501,000 (11 )

$410,250 (14 )

$292,000 (8 )

46.9%

Flagstaff

$739,800

$740,600

-0.1%

$728,500

1.7%

$626,900

18.1%

$490,700

50.9%

24.8 % (2015 )

$782,000 (49 )

$737,000 (73 )

$747,000 (73 )

$602,000 (121 )

$565,500 (85 )

38.3%

HAMILTON CITY Bader

Smart property decisions start here

March 5, 2018 | PROPERTY REPORT E-Valuer estimate of median value at

E-Valuer estimate of median value at

E-Valuer price change in 3

31JAN2018

31DEC2017

months to 31DEC2017

E-Valuer estimate of E-Valuer price E-Valuer estimate of median value at change in year median value at 31DEC2016

to 31DEC2017

31DEC2015

E-Valuer price change in 2

E-Valuer estimate of median value at

years to 31DEC2017

market peak (31OCT2007)

(CV date in brackets)

brackets)

years to 31DEC2017

Forest Lake

$487,400

$487,700

-1.2%

$470,700

3.6%

$411,750

18.4%

$323,900

50.6%

28.7 % (2015 )

$505,500 (10 )

$478,000 (15 )

$484,000 (13 )

$399,000 (15 )

$330,000 (15 )

53.2%

Frankton

$409,950

$409,850

0.3%

$400,850

2.2%

$344,350

19.0%

$295,800

38.6%

27.2 % (2015 )

$380,500 (31 )

$394,000 (41 )

$374,100 (49 )

$316,000 (67 )

$275,000 (42 )

38.4% 40.4%

Glenview

$501,750

$499,850

0.0%

$477,400

4.7%

$414,400

20.6%

$333,500

49.9%

28.2 % (2015 )

$501,250 (24 )

$507,000 (39 )

$487,000 (36 )

$404,000 (57 )

$357,000 (38 )

Hamilton East

$488,500

$489,050

1.1%

$473,300

3.3%

$403,750

21.1%

$331,300

47.6%

22.2 % (2015 )

$473,000 (61 )

$475,500 (74 )

$481,000 (75 )

$392,000 (93 )

$326,975 (98 )

44.7%

Hillcrest

$532,000

$536,650

0.2%

$519,800

3.2%

$452,800

18.5%

$365,400

46.9%

26.0 % (2015 )

$505,000 (23 )

$566,500 (28 )

$530,000 (33 )

$462,000 (72 )

$389,000 (47 )

29.8%

Huntington

$740,950

$743,750

-0.6%

$739,850

0.5%

$634,700

17.2%

$532,000

39.8%

24.4 % (2015 )

$694,000 (39 )

$709,500 (38 )

$719,000 (56 )

$618,900 (82 )

$529,000 (56 )

31.2%

Maeroa

$470,950

$471,750

0.5%

$459,500

2.7%

$398,700

18.3%

$317,000

48.8%

23.7 % (2015 )

$506,250 (12 )

$475,000 (18 )

$466,450 (26 )

$374,000 (25 )

$316,500 (16 )

60.0%

Melville

$427,500

$429,600

0.2%

$415,200

3.5%

$359,450

19.5%

$292,900

46.7%

22.6 % (2015 )

$415,000 (23 )

$457,000 (24 )

$432,300 (29 )

$370,550 (51 )

$260,000 (31 )

59.6%

Nawton

$432,400

$433,100

0.0%

$416,200

4.1%

$357,800

21.0%

$298,100

45.3%

27.5 % (2015 )

$396,100 (46 )

$424,500 (49 )

$397,000 (65 )

$339,000 (95 )

$269,000 (61 )

47.2%

Pukete

$552,250

$555,000

-0.1%

$560,150

-0.9%

$475,200

16.8%

$369,800

50.1%

21.5 % (2015 )

$524,000 (22 )

$550,750 (26 )

$521,500 (30 )

$474,000 (31 )

$390,000 (25 )

34.4%

Queenwood

$666,100

$665,300

-0.5%

$648,100

2.7%

$557,250

19.4%

$450,800

47.6%

23.9 % (2015 )

$602,000 (12 )

$684,500 (8 )

$731,000 (12 )

$496,750 (18 )

$419,000 (9 )

43.7%

Rototuna

$704,100

$703,150

-0.4%

$697,150

0.9%

$589,850

19.2%

$482,800

45.6%

20.7 % (2015 )

$739,000 (18 )

$719,000 (22 )

$737,000 (19 )

$575,000 (28 )

$502,000 (33 )

47.2%

Rototuna North

$701,400

$701,150

-1.1%

$694,050

1.0%

$601,700

16.5%

$465,300

50.7%

24.0 % (2015 )

$697,500 (27 )

$699,750 (30 )

$678,000 (24 )

$608,000 (41 )

$496,900 (42 )

40.4%

Saint Andrews

$551,000

$550,200

-2.0%

$541,300

1.6%

$475,700

15.7%

$371,600

48.1%

13.8 % (2015 )

$487,500 (27 )

$515,500 (24 )

$539,000 (35 )

$435,000 (38 )

$366,250 (30 )

33.1%

Silverdale

$487,750

$486,500

-0.3%

$475,750

2.3%

$414,450

17.4%

$328,200

48.2%

29.5 % (2015 )

$479,000 (12 )

$495,000 (9 )

$545,900 (8 )

$379,000 (20 )

$318,500 (8 )

50.4%

WAIKATO/WAIPA/OTOROHANGA/SOUTH WAIKATO Cambridge $665,800 $665,900

1.5%

$506,650

9.8%

$248,250

$662,500 (62 ) $324,000 (21 )

$644,000 (53 ) $330,500 (28 )

$580,000 (71 ) $295,000 (43 )

$543,000 (70 ) $241,000 (63 )

$417,000 (106 )

1.0%

64.9% 59.9%

15.0 % (2016 )

$339,800

31.4% 36.9%

$403,800

$339,500

$607,550 $309,550

9.6%

Huntly

58.9% 77.5%

Kihikihi

$375,950

$377,300

1.6%

$337,400

11.8%

$281,200

34.2%

$250,700

50.5%

18.7 % (2016 )

$393,000 (11 )

$403,000 (8 )

$339,000 (18 )

$264,000 (27 )

$235,000 (11 )

67.2%

Leamington

$574,450

$570,650

1.3%

$525,300

8.6%

$427,750

33.4%

$356,100

60.2%

11.8 % (2016 )

$568,500 (66 )

$569,000 (49 )

$490,000 (63 )

$444,000 (91 )

$395,000 (69 )

43.9%

Ngaruawahia

$380,750

$382,100

1.1%

$345,800

10.5%

$277,550

37.7%

$253,100

51.0%

-1.3 % (2017 )

$352,250 (26 )

$372,250 (30 )

$342,000 (28 )

$273,000 (42 )

$227,000 (38 )

55.2%

Putaruru

$291,550

$289,000

5.0%

$224,100

29.0%

$176,600

63.6%

$193,600

49.3%

79.4 % (2015 )

$272,500 (18 )

$274,000 (35 )

$228,500 (30 )

$194,750 (46 )

$150,000 (26 )

81.7%

Raglan

$629,800

$634,700

2.6%

$591,450

7.3%

$461,650

37.5%

$454,000

39.8%

10.5 % (2017 )

$535,500 (16 )

$565,750 (14 )

$488,501 (35 )

$410,500 (40 )

$391,000 (36 )

37.0%

Te Awamutu

$457,200

$457,000

1.7%

$405,550

12.7%

$338,750

34.9%

$310,300

47.3%

17.1 % (2016 )

$444,000 (69 )

$434,000 (70 )

$394,500 (84 )

$342,500 (127 )

$287,000 (84 )

54.7%

Tokoroa

$188,900

$187,900

3.0%

$154,200

21.9%

$124,400

51.0%

$142,000

32.3%

60.9 % (2015 )

$178,100 (74 )

$177,000 (85 )

$151,000 (70 )

$119,500 (86 )

$98,000 (55 )

81.7%

Tuakau

$539,500

$539,650

0.8%

$541,450

-0.3%

$455,000

18.6%

$321,800

67.7%

1.8 % (2017 )

$532,000 (19 )

$515,000 (29 )

$562,000 (33 )

$474,608 (49 )

$400,000 (43 )

33.0%

WAITOMO/TAUPO/RUAPEHU Hilltop $520,900 Kinloch $667,400

$517,300

-0.4% 1.2%

$488,300

5.9% 8.8%

$401,750

$437,300 $508,400

$450,000 (22 ) $645,000 (10 )

$385,000 (27 )

30.8%

10.9 % (2016 ) 18.0 % (2016 )

$501,000 (19 )

$514,500

28.8% 29.2%

18.3%

$664,950

$371,500 (28 ) $430,500 (12 )

$335,000 (13 ) $407,000 (17 )

56.0%

$611,150

$212,500

2.2 % (2017 )

$635,000 (9 )

$565,500 (8 )

$182,500 (66 )

49.6%

Kuratau

$440,700

$435,350

3.9%

$404,050

7.7%

$398,250

9.3%

$458,300

-5.0%

3.3 % (2016 )

$352,000 (3 )

$329,000 (3 )

$339,500 (6 )

$439,250 (8 )

$302,000 (7 )

16.6%

Nukuhau

$492,450

$493,200

1.3%

$454,400

8.5%

$388,850

26.8%

$383,200

28.7%

19.5 % (2016 )

$503,500 (18 )

$442,000 (15 )

$408,000 (35 )

$370,000 (40 )

$341,000 (23 )

47.7% 15.3%

Ohakune

$247,150

$247,300

0.7%

$227,000

8.9%

$205,950

20.1%

$246,900

0.2%

0.9 % (2017 )

$192,000 (13 )

$247,750 (18 )

$271,000 (23 )

$177,500 (10 )

$166,500 (14 )

Omori

$406,800

$402,050

6.6%

$368,400

9.1%

$363,550

10.6%

$429,000

-6.3%

2.4 % (2016 )

$332,000 (5 )

$332,000 (7 )

$279,000 (10 )

$322,000 (5 )

$304,250 (2 )

9.1%

Richmond Heights

$449,300

$451,700

2.9%

$408,900

10.5%

$338,150

33.6%

$331,300

36.3%

17.6 % (2016 )

$448,500 (18 )

$474,000 (13 )

$439,000 (17 )

$322,500 (22 )

$331,500 (18 )

35.3%

Tauhara

$307,850

$305,100

1.0%

$279,400

9.2%

$221,250

37.9%

$243,900

25.1%

1.5 % (2016 )

$245,000 (7 )

$254,000 (11 )

$278,500 (14 )

$211,250 (18 )

$173,500 (8 )

41.2%

Taumarunui

$138,000

$138,400

3.1%

$122,650

12.8%

$97,950

41.3%

$131,900

4.9%

2.9 % (2017 )

$145,000 (33 )

$141,500 (34 )

$123,000 (28 )

$116,000 (34 )

$79,000 (21 )

83.5%

Taupo

$416,350

$417,500

1.2%

$388,250

7.5%

$319,550

30.7%

$339,200

23.1%

14.1 % (2016 )

$344,000 (50 )

$350,000 (47 )

$362,000 (63 )

$288,500 (62 )

$277,000 (41 )

24.2%

Te Kuiti

$198,400

$200,250

2.5%

$162,600

23.2%

$139,450

43.6%

$176,800

13.3%

45.3 % (2015 )

$196,000 (27 )

$210,000 (21 )

$155,000 (31 )

$128,500 (30 )

$173,000 (10 )

13.3%

Turangi

$213,100

$215,200

4.0%

$189,700

13.4%

$169,100

27.3%

$230,500

-6.6%

21.1 % (2016 )

$160,500 (30 )

$176,000 (47 )

$170,000 (29 )

$167,000 (19 )

$171,000 (17 )

-6.1%

Waipahihi

$624,250

$624,500

1.1%

$577,250

8.2%

$506,950

23.2%

$546,000

14.4%

18.1 % (2016 )

$498,500 (12 )

$562,000 (15 )

$527,000 (15 )

$447,500 (12 )

$439,000 (15 )

13.6%

$538,600 $811,450

$536,350

$407,350 $602,050

13.6 % (2016 ) 5.7 % (2016 )

$498,000 (23 )

$508,500 (22 ) $778,000 (16 )

$495,000 (31 )

33.8%

$350,600 $558,800

53.0%

$770,850

7.1% 4.5%

31.7%

$805,250

0.4% 0.4%

$501,000

Omokoroa

$369,000 (49 ) $448,000 (31 )

$329,000 (31 ) $485,000 (23 )

51.4% 61.2%

Pukehina

$687,850

$685,250

2.2%

$618,350

10.8%

$473,100

44.8%

$544,200

25.9%

5.5 % (2016 )

$417,000 (9 )

$546,000 (8 )

$540,000 (17 )

$442,000 (18 )

$275,500 (8 )

51.4%

Te Puke

$477,300

$479,850

1.3%

$431,500

11.2%

$340,500

40.9%

$316,400

51.7%

14.0 % (2016 )

$474,000 (25 )

$388,000 (35 )

$393,000 (49 )

$319,400 (90 )

$274,000 (51 )

73.0%

Waihi Beach

$799,200

$793,650

1.0%

$699,850

13.4%

$595,700

33.2%

$617,500

28.5%

12.0 % (2016 )

$666,500 (16 )

$705,000 (17 )

$619,500 (26 )

$545,500 (38 )

$457,000 (23 )

45.8%

$542,850 $769,300

$543,200

0.0%

$346,300

56.9%

$499,600

55.8%

$775,000 (29 )

$543,500 (16 ) $802,500 (24 )

$479,000 (19 ) $767,500 (39 )

$402,000 (55 )

27.4%

39.4 % (2015 ) 41.9 % (2015 )

$529,000 (15 )

6.1%

$434,750 $610,900

24.9%

3.4%

$526,900 $733,600

3.1%

$778,150

$328,750 (28 ) $544,000 (60 )

60.9% 42.5%

Brookfield

$551,200

$552,700

1.3%

$535,150

3.3%

$444,250

24.4%

$347,300

59.1%

49.3 % (2015 )

$481,000 (21 )

$469,000 (17 )

$532,000 (17 )

$439,000 (49 )

$381,000 (50 )

26.2%

Gate Pa

$459,800

$454,550

2.2%

$438,350

3.7%

$355,300

27.9%

$288,600

57.5%

47.8 % (2015 )

$459,000 (26 )

$440,000 (31 )

$441,000 (29 )

$356,000 (53 )

$293,000 (30 )

56.7%

Greerton

$512,550

$502,900

0.0%

$494,750

1.6%

$401,700

25.2%

$326,300

54.1%

40.2 % (2015 )

$468,000 (17 )

$480,000 (16 )

$490,000 (24 )

$389,000 (43 )

$315,000 (29 )

48.6% 36.2%

WESTERN BAY OF PLENTY Katikati

TAURANGA Bellevue Bethlehem

44.1%

$782,000 (10 )

$684,500 (21 )

$657,000 (63 )

Hairini

$511,800

$516,250

-0.1%

$503,400

2.6%

$414,700

24.5%

$344,600

49.8%

54.3 % (2015 )

$494,000 (9 )

$536,500 (10 )

$468,500 (24 )

$393,500 (26 )

$362,827 (17 )

Judea

$505,650

$509,200

1.0%

$492,250

3.4%

$410,150

24.1%

$324,700

56.8%

43.4 % (2015 )

$438,000 (13 )

$440,000 (25 )

$535,500 (17 )

$381,750 (38 )

$275,000 (20 )

59.3%

Matua

$774,900

$786,050

0.0%

$772,700

1.7%

$650,650

20.8%

$547,800

43.5%

42.4 % (2015 )

$719,000 (24 )

$796,500 (16 )

$619,000 (33 )

$532,250 (52 )

$467,000 (33 )

54.0%

Maungatapu

$609,650

$615,700

0.7%

$604,650

1.8%

$485,100

26.9%

$441,600

39.4%

40.6 % (2015 )

$624,750 (14 )

$703,000 (11 )

$629,000 (12 )

$472,000 (12 )

$438,000 (16 )

42.6%

Mount Maunganui

$843,350

$848,150

1.9%

$796,450

6.5%

$670,550

26.5%

$551,500

53.8%

39.8 % (2015 )

$657,750 (120 )

$654,000 (118 )

$599,000 (159 )

$530,500 (222 )

$416,000 (170 )

58.1%

Ohauiti

$687,500

$685,950

0.6%

$681,300

0.7%

$557,800

23.0%

$462,100

48.4%

40.9 % (2015 )

$592,500 (17 )

$580,500 (14 )

$640,500 (20 )

$602,500 (22 )

$498,500 (22 )

18.9%

Otumoetai

$716,950

$719,400

0.9%

$693,050

3.8%

$574,650

25.2%

$487,900

47.4%

41.0 % (2015 )

$653,000 (37 )

$624,000 (39 )

$645,500 (56 )

$527,000 (73 )

$436,000 (75 )

49.8%

Papamoa Beach

$690,000

$689,500

-0.7%

$674,700

2.2%

$571,900

20.6%

$464,200

48.5%

36.3 % (2015 )

$658,000 (147 )

$654,000 (168 )

$647,000 (176 )

$544,500 (228 )

$455,000 (212 )

44.6%

Parkvale

$445,150

$441,600

2.4%

$423,150

4.4%

$342,950

28.8%

$278,600

58.5%

55.6 % (2015 )

$450,500 (6 )

$437,500 (10 )

$390,000 (12 )

$342,000 (25 )

$228,500 (16 )

97.2%

Pyes Pa

$699,300

$698,950

0.2%

$691,500

1.1%

$565,100

23.7%

$475,200

47.1%

35.1 % (2015 )

$690,000 (45 )

$728,500 (56 )

$684,000 (55 )

$545,000 (66 )

$484,000 (63 )

42.6%

Tauranga South

$614,100

$616,550

1.8%

$586,800

5.1%

$482,850

27.7%

$420,300

46.7%

42.5 % (2015 )

$540,500 (22 )

$547,500 (14 )

$557,750 (38 )

$442,000 (41 )

$445,000 (36 )

21.5%

Welcome Bay

$580,250

$583,000

0.5%

$574,500

1.5%

$463,650

25.7%

$379,800

53.5%

40.1 % (2015 )

$572,000 (37 )

$596,000 (61 )

$549,000 (68 )

$432,000 (92 )

$370,500 (56 )

54.4%

Fordlands

$322,800 $188,050

$320,150 $188,150

4.1% 8.2%

$284,950 $158,000

12.4% 19.1%

$217,550 $119,400

47.2% 57.6%

$228,400 $124,400

40.2% 51.2%

10.4 % (2017 ) 12.4 % (2017 )

$274,000 (5 ) $181,750 (4 )

$315,000 (9 ) $203,000 (3 )

$253,000 (8 ) $183,500 (6 )

$231,000 (9 ) $105,000 (9 )

$191,000 (7 ) $110,238 (2 )

43.5% 64.9%

Glenholme

$442,250

$438,900

2.6%

$402,600

9.0%

$315,800

39.0%

$325,100

35.0%

7.9 % (2017 )

$437,500 (20 )

$422,000 (21 )

$372,500 (26 )

$296,000 (29 )

$281,000 (17 )

55.7%

Hillcrest

$366,150

$356,200

1.8%

$333,400

6.8%

$269,950

32.0%

$263,900

35.0%

8.6 % (2017 )

$432,000 (4 )

$359,000 (5 )

$266,000 (9 )

$287,000 (11 )

$269,500 (8 )

60.3%

Kawaha Point

$486,750

$483,900

2.9%

$433,300

11.7%

$369,950

30.8%

$387,100

25.0%

3.2 % (2017 )

$538,000 (11 )

$388,000 (11 )

$417,500 (12 )

$301,000 (9 )

$243,500 (8 )

120.9%

Koutu

$291,900

$287,950

3.2%

$242,750

18.6%

$187,050

53.9%

$203,000

41.8%

12.2 % (2017 )

$280,500 (8 )

$200,000 (6 )

$173,000 (15 )

$195,500 (8 )

$134,000 (7 )

109.3%

ROTORUA Fairy Springs

Lynmore

$594,250

$587,350

1.1%

$541,250

8.5%

$440,350

33.4%

$404,400

45.2%

-0.4 % (2017 )

$554,000 (19 )

$585,000 (13 )

$565,000 (13 )

$412,000 (29 )

$381,000 (20 )

45.4%

Mangakakahi

$300,700

$299,800

1.4%

$272,800

9.9%

$212,450

41.1%

$212,300

41.2%

9.8 % (2017 )

$356,000 (9 )

$315,000 (17 )

$287,000 (23 )

$206,000 (18 )

$179,250 (16 )

98.6%

Ngongotaha

$401,350

$397,900

4.5%

$367,750

8.2%

$289,700

37.3%

$283,400

40.4%

10.9 % (2017 )

$304,000 (17 )

$356,000 (17 )

$335,000 (24 )

$253,000 (39 )

$259,500 (22 )

17.1%

Owhata

$395,400

$391,550

3.2%

$354,050

10.6%

$280,050

39.8%

$273,900

43.0%

6.0 % (2017 )

$341,500 (32 )

$351,750 (38 )

$311,000 (27 )

$266,000 (55 )

$291,000 (29 )

17.4%

Pukehangi

$376,650

$375,000

3.1%

$347,200

8.0%

$275,350

36.2%

$267,800

40.0%

3.9 % (2017 )

$309,000 (17 )

$346,000 (25 )

$283,000 (30 )

$213,500 (40 )

$265,000 (17 )

16.6%

Springfield

$496,500

$493,400

0.4%

$464,550

6.2%

$380,600

29.6%

$370,000

33.4%

2.1 % (2017 )

$560,000 (17 )

$516,000 (21 )

$469,000 (21 )

$358,000 (22 )

$306,000 (11 )

83.0%

Utuhina

$359,300

$354,400

1.7%

$323,500

9.6%

$256,850

38.0%

$250,700

41.4%

8.7 % (2017 )

$340,500 (12 )

$354,000 (7 )

$311,050 (14 )

$246,000 (11 )

$222,000 (7 )

53.4%

Western Heights

$281,850

$278,750

2.1%

$246,500

13.1%

$192,300

45.0%

$204,900

36.0%

5.2 % (2017 )

$270,500 (18 )

$243,500 (18 )

$239,000 (34 )

$157,000 (31 )

$162,000 (9 )

67.0%

Smart property decisions start here

March 5, 2018 | PROPERTY REPORT E-Valuer estimate of median value at

E-Valuer estimate of median value at

E-Valuer price change in 3

31JAN2018

31DEC2017

months to 31DEC2017

WHAKATANE/KAWERAU/OPOTIKI Kawerau $213,750

E-Valuer estimate of E-Valuer price E-Valuer estimate of median value at change in year median value at

E-Valuer price change in 2

E-Valuer estimate of median value at

31DEC2016

to 31DEC2017

31DEC2015

years to 31DEC2017

market peak (31OCT2007)

(CV date in brackets)

brackets)

41.8%

years to 31DEC2017

$168,950

55.4%

$148,500 $195,300

29.6%

117.4 % (2015 ) 19.8 % (2016 )

$231,500 (16 )

$171,000 (37 ) $189,000 (10 )

$162,700 (51 ) $172,500 (16 )

$126,000 (61 ) $154,000 (26 )

$85,000 (22 )

$204,100

$116,950 $162,900

$212,000 (37 )

0.5%

24.6% 24.1%

80.0%

$255,150

$210,500 $253,200

5.9%

Opotiki

$177,500 (8 )

149.4% 30.4%

Whakatane

$403,700

$402,500

1.6%

$359,400

12.0%

$304,750

32.1%

$317,700

26.7%

14.0 % (2016 )

$371,500 (72 )

$377,000 (63 )

$355,000 (83 )

$289,000 (84 )

$280,000 (51 )

32.7%

LOWER NORTH ISLAND GISBORNE/HAWKES BAY Akina

$352,250

$350,300

2.4%

$304,050

15.2%

$252,700

38.6%

$256,500

36.6%

22.5 % (2016 )

$359,500 (26 )

$329,000 (21 )

$294,000 (31 )

$248,875 (22 )

$217,000 (13 )

65.7%

Bluff Hill

$691,250

$687,600

9.0%

$554,550

24.0%

$488,650

40.7%

$515,700

33.3%

9.7 % (2017 )

$494,000 (13 )

$372,750 (10 )

$463,500 (18 )

$381,750 (18 )

$402,000 (17 )

22.9%

Flaxmere

$229,800

$228,500

2.9%

$205,800

11.0%

$169,200

35.0%

$178,200

28.2%

19.0 % (2016 )

$200,000 (45 )

$161,000 (39 )

$199,500 (46 )

$164,000 (52 )

$131,000 (37 )

52.7%

Frimley

$509,350

$505,550

3.7%

$437,100

15.7%

$368,850

37.1%

$364,200

38.8%

24.2 % (2016 )

$448,000 (18 )

$472,000 (15 )

$373,000 (15 )

$343,000 (13 )

$301,000 (17 )

48.8%

Gisborne

$270,200

$270,500

3.1%

$260,700

3.8%

$214,950

25.8%

$271,200

-0.3%

6.2 % (2017 )

$341,500 (10 )

$328,500 (6 )

$258,000 (9 )

$152,000 (7 )

$204,000 (4 )

67.4%

Greenmeadows

$530,550

$525,000

4.5%

$459,650

14.2%

$392,200

33.9%

$375,800

39.7%

4.0 % (2017 )

$479,000 (19 )

$495,550 (22 )

$451,000 (37 )

$369,000 (35 )

$339,625 (36 )

41.0%

Havelock North

$641,800

$641,250

1.8%

$565,750

13.3%

$479,800

33.6%

$465,200

37.8%

21.8 % (2016 )

$564,000 (79 )

$572,500 (66 )

$568,500 (94 )

$467,000 (119 )

$398,250 (110 )

41.6%

Hospital Hill

$628,800

$621,950

6.3%

$518,550

19.9%

$451,300

37.8%

$471,700

31.9%

19.3 % (2017 )

$529,000 (12 )

$679,000 (9 )

$504,000 (13 )

$489,000 (19 )

$310,000 (19 )

70.6%

Inner Kaiti

$330,200

$330,100

1.6%

$293,650

12.4%

$256,400

28.7%

$321,400

2.7%

1.3 % (2017 )

$317,500 (8 )

$287,000 (8 )

$265,000 (7 )

$214,550 (11 )

$245,500 (6 )

29.3%

Mahora

$415,500

$414,350

2.8%

$353,550

17.2%

$300,600

37.8%

$297,700

39.2%

23.6 % (2016 )

$369,000 (27 )

$365,000 (26 )

$318,250 (28 )

$275,000 (27 )

$249,355 (14 )

48.0%

Mangapapa

$263,800

$264,500

1.7%

$244,950

8.0%

$209,400

26.3%

$239,500

10.4%

2.4 % (2017 )

$274,000 (23 )

$263,000 (25 )

$245,000 (23 )

$182,000 (25 )

$213,000 (10 )

28.6%

Maraenui

$220,300

$220,650

-0.2%

$206,100

7.1%

$159,750

38.1%

$194,700

13.3%

-0.9 % (2017 )

$222,000 (13 )

$238,000 (14 )

$211,000 (19 )

$168,500 (14 )

$159,000 (13 )

39.6%

Marewa

$362,650

$357,750

2.6%

$308,950

15.8%

$258,700

38.3%

$270,400

32.3%

2.4 % (2017 )

$354,000 (18 )

$336,000 (18 )

$288,500 (27 )

$265,000 (37 )

$240,500 (16 )

47.2%

Mayfair

$358,000

$358,100

1.5%

$302,450

18.4%

$258,000

38.8%

$261,900

36.7%

25.7 % (2016 )

$399,000 (21 )

$361,500 (24 )

$280,500 (30 )

$279,000 (15 )

$220,000 (11 )

81.4%

Napier South

$419,900

$417,200

3.3%

$355,800

17.3%

$299,900

39.1%

$288,600

44.6%

2.7 % (2017 )

$421,000 (28 )

$399,000 (33 )

$349,500 (25 )

$287,500 (39 )

$250,000 (19 )

68.4%

Onekawa

$369,000

$365,300

1.4%

$318,550

14.7%

$263,500

38.6%

$264,400

38.2%

3.9 % (2017 )

$379,000 (27 )

$364,500 (34 )

$331,500 (28 )

$282,500 (23 )

$275,500 (20 )

37.6%

Parkvale

$390,200

$390,950

3.9%

$331,050

18.1%

$281,700

38.8%

$283,200

38.0%

26.1 % (2016 )

$389,000 (25 )

$364,000 (23 )

$337,500 (18 )

$292,500 (22 )

$230,500 (15 )

68.8% 44.7%

Pirimai

$381,500

$376,250

-0.3%

$340,450

10.5%

$282,800

33.0%

$272,300

38.2%

-0.3 % (2017 )

$400,000 (15 )

$403,250 (24 )

$347,200 (15 )

$302,000 (27 )

$276,500 (15 )

Raureka

$363,450

$363,850

4.7%

$310,600

17.1%

$261,750

39.0%

$270,500

34.5%

20.7 % (2016 )

$369,000 (24 )

$341,000 (25 )

$296,000 (25 )

$276,500 (35 )

$213,000 (5 )

73.2%

Riverdale

$349,050

$348,850

-0.3%

$317,000

10.0%

$278,600

25.2%

$311,400

12.0%

-3.0 % (2017 )

$358,000 (7 )

$375,000 (5 )

$311,500 (10 )

$244,000 (4 )

$235,000 (5 )

52.3%

Saint Leonards

$380,150

$376,100

2.2%

$311,650

20.7%

$267,500

40.6%

$270,200

39.2%

27.5 % (2016 )

$350,000 (20 )

$406,000 (17 )

$282,500 (19 )

$264,000 (21 )

$237,000 (18 )

47.7%

Tamatea

$396,700

$389,050

-1.3%

$352,800

10.3%

$286,100

36.0%

$289,500

34.4%

2.9 % (2017 )

$381,500 (26 )

$381,000 (28 )

$371,000 (31 )

$286,000 (33 )

$264,000 (23 )

44.5%

Taradale

$526,600

$518,800

4.6%

$459,600

12.9%

$386,050

34.4%

$364,600

42.3%

2.8 % (2017 )

$485,500 (62 )

$504,250 (52 )

$440,000 (57 )

$389,500 (82 )

$335,500 (46 )

44.7%

Te Hapara

$257,050

$256,900

1.8%

$237,150

8.3%

$204,150

25.8%

$245,800

4.5%

1.1 % (2017 )

$260,000 (49 )

$244,500 (42 )

$221,500 (26 )

$222,250 (32 )

$201,000 (26 )

29.4%

Waipukurau

$292,750

$290,350

6.1%

$240,000

21.0%

$209,400

38.7%

$228,200

27.2%

54.2 % (2015 )

$276,875 (36 )

$259,000 (39 )

$235,000 (49 )

$215,000 (37 )

$188,500 (30 )

46.9%

Whataupoko

$404,450

$405,050

1.5%

$359,200

12.8%

$315,600

28.3%

$370,200

9.4%

-0.1 % (2017 )

$332,725 (20 )

$315,500 (27 )

$348,500 (32 )

$299,000 (27 )

$293,000 (25 )

13.6%

$362,750 $179,300

$362,950 $177,700

3.2%

14.1% 7.4%

31.7% 16.2%

35.3% 4.7%

2.7 % (2017 )

$332,000 (47 ) $163,000 (37 )

$329,000 (37 ) $161,000 (36 )

$320,000 (45 ) $173,500 (54 )

$264,000 (43 ) $146,000 (42 )

$229,000 (33 ) $141,000 (26 )

45.0%

$152,950

$268,300 $169,800

0.9 % (2017 )

1.8%

$318,150 $165,500

$275,600

Dannevirke Featherston

$314,750

$311,150

5.5%

$249,600

24.7%

$198,650

56.6%

$224,400

38.7%

3.7 % (2017 )

$344,173 (15 )

$319,000 (25 )

$256,750 (30 )

$196,000 (24 )

$220,000 (21 )

56.4%

Greytown

$550,550

$547,600

6.9%

$455,050

20.3%

$415,500

31.8%

$379,500

44.3%

6.9 % (2017 )

$537,000 (13 )

$599,500 (10 )

$432,500 (32 )

$495,500 (22 )

$353,000 (19 )

52.1%

Lansdowne

$351,700

$350,650

2.9%

$292,150

20.0%

$262,500

33.6%

$273,000

28.4%

0.4 % (2017 )

$312,000 (42 )

$323,500 (30 )

$248,000 (29 )

$248,000 (44 )

$240,500 (32 )

29.7%

TARARUA/WAIRARAPA Carterton

15.6%

Martinborough

$479,800

$478,250

5.3%

$401,600

19.1%

$375,400

27.4%

$345,500

38.4%

-0.3 % (2017 )

$409,000 (17 )

$344,000 (9 )

$419,250 (26 )

$334,000 (31 )

$364,000 (19 )

12.4%

Masterton

$302,200

$301,600

2.6%

$265,300

13.7%

$231,850

30.1%

$241,600

24.8%

3.9 % (2017 )

$281,500 (70 )

$270,500 (66 )

$261,750 (85 )

$221,000 (65 )

$197,500 (38 )

42.5%

Pahiatua

$196,500

$196,000

0.3%

$182,750

7.3%

$167,850

16.8%

$164,200

19.4%

3.6 % (2017 )

$170,500 (14 )

$161,000 (23 )

$157,500 (26 )

$145,500 (14 )

$170,000 (11 )

0.3%

Solway

$315,000

$314,450

1.9%

$284,150

10.7%

$247,850

26.9%

$248,000

26.8%

2.1 % (2017 )

$294,000 (20 )

$307,000 (18 )

$289,000 (33 )

$221,000 (33 )

$239,000 (23 )

23.0%

$202,600 $454,450

$200,250 $456,650

2.6% 3.3%

$169,750 $431,100

18.0% 5.9%

$145,300 $403,200

37.8% 13.3%

$184,900 $346,000

8.3% 32.0%

15.7 % (2016 ) 8.7 % (2016 )

$212,000 (20 ) $410,500 (30 )

$189,503 (18 ) $407,500 (36 )

$150,000 (27 ) $372,500 (32 )

$137,000 (21 ) $337,650 (34 )

$132,000 (26 ) $371,500 (46 )

60.6% 10.5%

TARANAKI/WANGANUI Aramoho Bell Block Castlecliff

$169,550

$166,850

3.4%

$136,100

22.6%

$114,700

45.5%

$152,800

9.2%

25.0 % (2016 )

$145,500 (36 )

$124,750 (36 )

$112,000 (39 )

$124,500 (24 )

$92,750 (14 )

56.9%

Frankleigh Park

$440,800

$439,350

1.8%

$424,100

3.6%

$384,450

14.3%

$351,200

25.1%

-3.0 % (2016 )

$406,500 (12 )

$359,500 (16 )

$409,000 (23 )

$342,000 (23 )

$391,500 (10 )

3.8%

Gonville

$183,050

$182,250

3.3%

$156,350

16.6%

$141,650

28.7%

$172,100

5.9%

22.5 % (2016 )

$142,500 (38 )

$166,000 (35 )

$151,000 (51 )

$171,500 (22 )

$139,500 (24 )

2.2%

Hawera

$257,850

$257,200

2.2%

$242,800

5.9%

$239,700

7.3%

$240,700

6.9%

10.0 % (2015 )

$244,500 (64 )

$235,500 (62 )

$237,000 (63 )

$226,500 (56 )

$218,500 (46 )

11.9%

Highlands Park

$583,350

$576,200

1.4%

$551,350

4.5%

$517,350

11.4%

$477,200

20.7%

5.0 % (2016 )

$469,000 (13 )

$440,000 (13 )

$668,700 (7 )

$523,500 (16 )

$496,000 (10 )

-5.4%

Inglewood

$350,900

$351,250

1.5%

$330,000

6.4%

$289,500

21.3%

$267,300

31.4%

19.1 % (2016 )

$304,000 (21 )

$290,000 (17 )

$291,250 (26 )

$256,500 (32 )

$265,000 (30 )

14.7% 8.5%

Merrilands

$505,150

$501,650

2.3%

$481,700

4.1%

$436,550

14.9%

$394,800

27.1%

4.4 % (2016 )

$455,750 (28 )

$435,000 (23 )

$426,000 (24 )

$447,000 (27 )

$420,000 (17 )

New Plymouth

$535,650

$537,050

1.8%

$510,850

5.1%

$450,250

19.3%

$414,200

29.7%

7.5 % (2016 )

$523,000 (23 )

$501,000 (25 )

$409,500 (22 )

$434,000 (35 )

$477,500 (30 )

9.5%

Saint Johns Hill

$359,350

$361,300

4.6%

$317,250

13.9%

$288,300

25.3%

$312,600

15.6%

10.6 % (2016 )

$407,000 (17 )

$372,000 (14 )

$369,000 (15 )

$287,500 (20 )

$284,000 (15 )

43.3%

Spotswood

$340,600

$341,550

3.7%

$319,000

7.1%

$286,250

19.3%

$252,900

35.1%

10.3 % (2016 )

$326,500 (20 )

$337,000 (11 )

$331,000 (16 )

$252,000 (13 )

$285,000 (17 )

14.6%

Springvale

$297,350

$295,600

2.0%

$259,800

13.8%

$236,750

24.9%

$263,700

12.1%

12.8 % (2016 )

$246,500 (31 )

$246,750 (32 )

$235,750 (34 )

$218,000 (42 )

$221,000 (28 )

11.5%

Strandon

$571,200

$569,950

0.5%

$545,400

4.5%

$489,350

16.5%

$422,800

34.8%

13.5 % (2016 )

$489,000 (15 )

$538,000 (14 )

$570,500 (18 )

$411,000 (11 )

$405,000 (13 )

20.7%

Stratford

$254,600

$255,500

1.2%

$241,450

5.8%

$221,100

15.6%

$214,100

19.3%

2.4 % (2017 )

$252,000 (31 )

$245,000 (27 )

$225,500 (30 )

$235,000 (42 )

$177,000 (26 )

42.4%

Tawhero

$255,850

$251,850

2.2%

$223,100

12.9%

$208,400

20.8%

$223,300

12.8%

15.2 % (2016 )

$236,000 (12 )

$237,000 (15 )

$224,500 (22 )

$176,000 (16 )

$162,000 (7 )

45.7%

Vogeltown

$391,050

$389,750

0.0%

$369,600

5.5%

$339,050

15.0%

$300,100

29.9%

7.6 % (2016 )

$358,750 (16 )

$350,250 (16 )

$365,000 (15 )

$333,500 (14 )

$294,500 (10 )

21.8%

Waitara

$284,750

$284,300

0.2%

$262,800

8.2%

$247,600

14.8%

$220,500

28.9%

9.5 % (2016 )

$279,000 (25 )

$283,250 (24 )

$249,000 (23 )

$247,500 (22 )

$232,000 (23 )

20.3%

Wanganui

$185,900

$185,200

3.6%

$158,550

16.8%

$141,600

30.8%

$179,800

3.0%

13.1 % (2016 )

$172,000 (38 )

$158,500 (46 )

$156,000 (35 )

$121,000 (28 )

$160,000 (20 )

7.5%

Wanganui East

$209,450

$209,000

3.4%

$178,850

16.9%

$161,400

29.5%

$182,300

14.6%

19.2 % (2016 )

$215,000 (37 )

$196,700 (38 )

$160,500 (51 )

$194,000 (35 )

$127,000 (12 )

69.3%

Westown

$397,950

$395,550

1.9%

$384,150

3.0%

$344,500

14.8%

$314,400

25.8%

5.5 % (2016 )

$353,000 (38 )

$349,000 (31 )

$372,000 (56 )

$370,500 (42 )

$314,000 (39 )

12.4%

Awapuni

$341,050 $361,900

$338,700 $361,050

5.1% 2.0%

$302,000 $328,050

12.2% 10.1%

$269,600 $286,550

25.6% 26.0%

$257,300 $282,200

31.6% 27.9%

31.1 % (2015 ) 28.0 % (2015 )

$299,294 (30 ) $347,000 (43 )

$303,000 (18 ) $345,875 (48 )

$277,000 (21 ) $313,500 (68 )

$259,500 (20 ) $267,000 (42 )

$249,000 (19 ) $274,000 (46 )

20.2% 26.6%

Feilding

$346,400

$345,750

0.7%

$316,300

9.3%

$281,900

22.6%

$275,100

25.7%

17.1 % (2016 )

$344,000 (85 )

$317,000 (111 )

$308,500 (128 )

$254,000 (117 )

$233,000 (91 )

47.6%

Fitzherbert

$569,800

$569,850

2.5%

$531,450

7.2%

$489,950

16.3%

$477,800

19.3%

16.8 % (2015 )

$554,000 (19 )

$567,000 (20 )

$526,000 (24 )

$487,000 (21 )

$467,000 (21 )

18.6%

Highbury

$303,550

$301,500

1.2%

$274,700

9.8%

$241,500

24.8%

$242,600

24.3%

31.1 % (2015 )

$300,000 (17 )

$290,000 (25 )

$273,500 (38 )

$234,500 (32 )

$193,000 (19 )

55.4%

Hokowhitu

$478,000

$477,400

1.5%

$444,700

7.4%

$402,050

18.7%

$398,100

19.9%

21.8 % (2015 )

$427,000 (46 )

$412,000 (58 )

$428,000 (71 )

$375,000 (75 )

$366,000 (48 )

16.7%

Kelvin Grove

$441,950

$443,700

1.8%

$419,400

5.8%

$360,800

23.0%

$336,500

31.9%

22.1 % (2015 )

$427,000 (45 )

$434,000 (45 )

$430,000 (51 )

$382,000 (48 )

$362,000 (46 )

18.0%

RANGITIKEI/MANAWATU Ashhurst

Marton

$211,350

$211,000

4.4%

$171,700

22.9%

$150,550

40.2%

$183,700

14.9%

6.3 % (2017 )

$180,000 (41 )

$180,000 (39 )

$154,000 (31 )

$167,000 (31 )

$135,000 (23 )

33.3%

Milson

$364,600

$365,800

3.7%

$334,050

9.5%

$291,100

25.7%

$284,100

28.8%

30.8 % (2015 )

$336,000 (28 )

$312,250 (38 )

$321,000 (47 )

$334,000 (24 )

$264,000 (20 )

27.3%

Palmerston North

$366,850

$366,750

1.9%

$340,850

7.6%

$298,450

22.9%

$300,000

22.3%

25.5 % (2015 )

$345,000 (33 )

$351,500 (42 )

$347,412 (42 )

$334,000 (37 )

$304,000 (41 )

13.5%

Roslyn

$310,600

$309,600

3.2%

$281,050

10.2%

$242,250

27.8%

$241,200

28.4%

36.1 % (2015 )

$291,000 (33 )

$270,500 (40 )

$257,000 (33 )

$255,000 (39 )

$225,000 (34 )

29.3%

Takaro

$316,300

$314,650

0.9%

$290,500

8.3%

$251,600

25.1%

$251,400

25.2%

28.0 % (2015 )

$332,500 (42 )

$329,000 (29 )

$310,000 (41 )

$245,000 (34 )

$235,000 (31 )

41.5%

Terrace End

$377,600

$377,000

2.6%

$344,500

9.4%

$302,100

24.8%

$298,200

26.4%

27.0 % (2015 )

$362,000 (25 )

$369,000 (30 )

$310,000 (33 )

$306,500 (22 )

$280,000 (35 )

29.3%

West End

$352,050

$350,600

1.2%

$321,550

9.0%

$282,300

24.2%

$282,900

23.9%

25.8 % (2015 )

$332,000 (27 )

$319,000 (25 )

$306,000 (33 )

$254,000 (27 )

$242,000 (29 )

37.2%

Smart property decisions start here

March 5, 2018 | PROPERTY REPORT E-Valuer estimate of median value at

E-Valuer estimate of median value at

E-Valuer price change in 3

E-Valuer estimate of E-Valuer price E-Valuer estimate of median value at change in year median value at

E-Valuer price change in 2

E-Valuer estimate of median value at

31JAN2018

31DEC2017

months to 31DEC2017

31DEC2016

to 31DEC2017

HOROWHENUA/KAPITI Foxton Foxton Beach

$220,700

$221,800 $317,500

3.9%

$316,100

4.0%

$176,350 $265,000

25.8% 19.8%

$232,900

Levin

$297,300

$299,700

3.2%

$255,150

17.5%

$209,150

Otaki

$373,150

$370,350

5.2%

$325,650

13.7%

$255,750

Otaki Beach

$378,100

$376,350

5.9%

$331,150

13.6%

$263,300

Paraparaumu

$515,800

$516,550

3.7%

$450,000

14.8%

$371,600

Paraparaumu Beach

$575,150

$574,350

2.4%

$514,900

11.5%

$428,700

34.0%

Raumati Beach

$586,600

$585,800

2.0%

$525,250

11.5%

$432,850

Raumati South

$588,200

$588,000

3.4%

$531,800

10.6%

$440,150

Waikanae

$556,200

$554,550

3.4%

$508,300

9.1%

$417,900

Waikanae Beach

$628,700

$628,800

2.4%

$568,150

10.7%

$742,250 $354,900

12.5% 13.8%

$294,500

31DEC2015

years to 31DEC2017

market peak (31OCT2007)

(CV date in brackets)

brackets)

$153,100

44.9% 36.3%

$171,700

29.2% 26.8%

33.2 % (2016 ) 33.7 % (2016 )

$222,250 (21 ) $321,000 (17 )

$209,000 (13 )

$250,400

$250,000 (11 )

$162,000 (28 ) $206,000 (21 )

$104,000 (13 ) $200,000 (29 )

$152,000 (15 ) $194,500 (28 )

43.3%

$237,100

26.4%

26.2 % (2016 )

$269,000 (113 )

$259,000 (122 )

$230,500 (149 )

$201,000 (149 )

$168,000 (79 )

60.1%

44.8%

$262,000

41.4%

8.4 % (2017 )

$365,000 (26 )

$361,500 (20 )

$325,000 (33 )

$249,000 (35 )

$224,000 (23 )

62.9%

42.9%

$276,500

36.1%

4.3 % (2017 )

$347,250 (12 )

$345,000 (13 )

$307,000 (18 )

$234,000 (23 )

$228,000 (17 )

52.3%

39.0%

$355,900

45.1%

2.1 % (2017 )

$442,000 (63 )

$447,750 (54 )

$413,500 (70 )

$379,000 (77 )

$322,000 (61 )

37.3%

$409,400

40.3%

3.5 % (2017 )

$576,000 (44 )

$532,500 (48 )

$477,650 (50 )

$375,500 (62 )

$359,000 (63 )

60.4%

35.3%

$415,700

40.9%

3.8 % (2017 )

$539,000 (19 )

$556,839 (32 )

$491,750 (30 )

$348,000 (47 )

$375,500 (28 )

43.5%

33.6%

$414,900

41.7%

7.1 % (2017 )

$580,000 (15 )

$512,000 (11 )

$474,000 (23 )

$384,000 (23 )

$406,500 (22 )

42.7%

32.7%

$378,900

46.4%

4.2 % (2017 )

$511,500 (47 )

$547,000 (40 )

$519,000 (63 )

$402,750 (64 )

$400,000 (75 )

27.9%

$459,900

36.7%

$420,800

49.4%

5.5 % (2017 )

$628,000 (26 )

$597,000 (21 )

$517,000 (35 )

$464,500 (34 )

$405,300 (31 )

54.9%

$631,650

32.2% 37.1%

N/A $285,200

N/A

12.2 % (2016 ) 20.0 % (2016 )

$765,000 (15 )

$756,750 (16 ) $420,500 (8 )

$785,500 (14 )

$618,250 (28 ) $318,512 (10 )

$585,000 (22 )

41.6%

$295,000 (11 )

30.8% 48.8% 62.8%

years to 31DEC2017

46.2% 65.0%

GREATER WELLINGTON PORIRUA Aotea

$837,550 $402,900

$835,200

2.5%

$403,750

3.6%

Cannons Creek

$326,100

$337,450

6.3%

$275,200

22.6%

$224,450

50.3%

$222,800

51.5%

25.1 % (2016 )

$331,000 (12 )

$310,500 (6 )

$287,000 (19 )

$215,000 (17 )

$203,300 (12 )

Papakowhai

$608,350

$614,100

2.8%

$562,300

9.2%

$469,350

30.8%

$463,400

32.5%

10.1 % (2016 )

$639,000 (5 )

$569,500 (8 )

$470,500 (8 )

$452,000 (15 )

$423,000 (8 )

51.1%

Paremata

$678,900 $725,900

$678,100 $723,500

0.2% 0.8%

$617,300 $657,800

9.8% 10.0%

$522,550 $557,400

29.8% 29.8%

$512,500 $560,800

32.3% 29.0%

13.3 % (2016 ) 12.1 % (2016 )

$672,000 (9 ) $558,750 (8 )

$524,500 (11 ) $767,000 (5 )

$512,100 (15 ) $684,389 (8 )

$512,000 (17 ) $529,250 (8 )

$555,500 (10 ) $514,000 (16 )

21.0% 8.7%

Ascot Park

Plimmerton

$439,000 (9 )

$365,000 (7 )

Ranui

$393,650

$394,100

8.1%

$320,750

22.9%

$275,600

43.0%

$265,900

48.2%

21.6 % (2016 )

$419,000 (12 )

$360,500 (10 )

$277,000 (13 )

$273,500 (14 )

$285,000 (13 )

47.0%

Titahi Bay

$466,900

$464,400

1.7%

$408,200

13.8%

$339,750

36.7%

$335,900

38.3%

18.6 % (2016 )

$432,500 (20 )

$449,000 (27 )

$427,000 (41 )

$349,179 (42 )

$341,500 (28 )

26.6%

Whitby

$666,200

$666,450

2.8%

$600,050

11.1%

$503,800

32.3%

$491,900

35.5%

12.8 % (2016 )

$619,500 (50 )

$569,500 (41 )

$593,500 (68 )

$474,500 (77 )

$469,000 (66 )

32.1%

UPPER HUTT Birchville Ebdentown

$446,350

$446,500

12.5% 9.0%

$312,850

42.7% 35.4%

$311,700

13.9 % (2016 )

$391,500 (18 ) $392,000 (17 )

$419,500 (14 ) $361,000 (19 )

$416,500 (13 ) $375,000 (15 )

$304,500 (11 ) $324,000 (14 )

$287,000 (14 )

$323,000

43.2% 30.4%

15.8 % (2016 )

$421,350

1.0% 1.0%

$396,900

$424,950

$321,000 (17 )

36.4% 22.1%

Elderslea

$455,150

$451,550

0.7%

$426,400

5.9%

$354,150

27.5%

$358,100

26.1%

15.6 % (2016 )

$464,000 (13 )

$415,500 (18 )

$458,500 (16 )

$374,000 (21 )

$321,000 (15 )

44.5%

Pinehaven

$511,600

$505,300

2.7%

$460,300

9.8%

$377,950

33.7%

$372,700

35.6%

13.3 % (2016 )

$507,000 (3 )

$479,000 (5 )

$409,000 (13 )

$335,500 (14 )

$365,000 (19 )

38.9%

Silverstream

$568,250

$565,450

2.3%

$519,550

8.8%

$427,850

32.2%

$426,100

32.7%

15.6 % (2016 )

$541,750 (20 )

$552,750 (14 )

$518,000 (26 )

$486,000 (31 )

$500,500 (24 )

8.2%

Totara Park

$441,000

$439,250

-1.9%

$393,200

11.7%

$325,350

35.0%

$319,600

37.4%

13.4 % (2016 )

$434,000 (17 )

$440,000 (17 )

$400,000 (19 )

$324,000 (23 )

$309,099 (9 )

40.4%

Trentham

$430,200

$427,350

1.4%

$396,500

7.8%

$314,800

35.8%

$315,400

35.5%

16.8 % (2016 )

$414,500 (40 )

$424,000 (38 )

$417,000 (43 )

$359,500 (59 )

$321,000 (35 )

29.1%

Wallaceville

$417,100

$414,350

2.4%

$381,500

8.6%

$298,450

38.8%

$299,400

38.4%

16.2 % (2016 )

$444,000 (9 )

$409,500 (10 )

$329,250 (10 )

$366,000 (7 )

$282,000 (11 )

57.4%

$507,100 $608,750

$508,400 $607,850

0.8%

38.8% 26.6%

$427,000 (21 )

$363,000 (14 ) $418,000 (13 )

54.1%

$632,375 (10 )

$502,000 (23 ) $575,000 (20 )

$435,000 (21 )

10.5 % (2016 )

$559,500 (14 ) $590,000 (13 )

$586,500 (18 )

24.4%

$366,200 $480,200

10.0 % (2016 )

6.8%

$377,100 $488,550

34.8%

-0.7%

$466,400 $568,900

9.0%

Belmont Boulcott

$627,450

0.3%

$580,150

8.2%

$494,800

26.8%

$468,100

34.0%

4.8 % (2016 )

$472,250 (12 )

$551,500 (12 )

$622,000 (13 )

$519,000 (18 )

$462,000 (17 )

2.2%

Eastbourne

$804,100

$807,350

0.2%

$759,250

6.3%

$674,500

19.7%

$695,300

16.1%

8.4 % (2016 )

$719,000 (17 )

$719,000 (13 )

$686,000 (20 )

$687,000 (33 )

$601,500 (21 )

19.5%

HUTT Avalon

$386,650

$311,250

41.1%

Epuni

$558,150

$557,100

0.2%

$517,650

7.6%

$425,800

30.8%

$409,800

35.9%

10.0 % (2016 )

$610,500 (18 )

$457,000 (11 )

$447,000 (10 )

$460,500 (10 )

$416,000 (11 )

46.8%

Kelson

$540,150

$539,550

-0.3%

$495,100

9.0%

$398,700

35.3%

$372,200

45.0%

13.2 % (2016 )

$482,000 (13 )

$482,000 (9 )

$460,000 (19 )

$395,750 (18 )

$360,000 (12 )

33.9%

Maungaraki

$599,400

$600,350

-1.8%

$561,300

7.0%

$433,450

38.5%

$410,100

46.4%

9.7 % (2016 )

$564,500 (16 )

$639,000 (13 )

$557,000 (21 )

$425,750 (22 )

$424,000 (19 )

33.1%

Naenae

$392,600

$391,050

0.3%

$343,650

13.8%

$280,650

39.3%

$283,300

38.0%

16.8 % (2016 )

$362,500 (37 )

$379,000 (41 )

$350,000 (37 )

$280,000 (53 )

$262,900 (30 )

37.9% 38.9%

Normandale

$585,150

$585,450

-2.7%

$552,600

5.9%

$439,300

33.3%

$408,400

43.4%

16.0 % (2016 )

$586,000 (6 )

$590,000 (5 )

$557,000 (8 )

$515,500 (8 )

$422,000 (9 )

Petone

$625,650

$626,350

-0.4%

$611,000

2.5%

$464,550

34.8%

$432,400

44.9%

6.0 % (2016 )

$702,000 (26 )

$669,500 (35 )

$602,050 (39 )

$508,350 (36 )

$442,000 (38 )

58.8%

Stokes Valley

$406,700

$407,100

2.1%

$353,850

15.0%

$300,750

35.4%

$305,300

33.3%

16.1 % (2016 )

$397,000 (50 )

$401,250 (46 )

$342,000 (62 )

$306,500 (64 )

$273,000 (29 )

45.4%

Taita

$400,200

$397,600

0.2%

$339,200

17.2%

$279,100

42.5%

$264,000

50.6%

20.8 % (2016 )

$403,500 (10 )

$397,000 (25 )

$341,819 (26 )

$300,500 (26 )

$346,250 (28 )

16.5%

Wainuiomata

$360,700

$360,350

4.2%

$302,500

19.1%

$245,450

46.8%

$255,400

41.1%

20.2 % (2016 )

$344,000 (73 )

$340,599 (73 )

$325,500 (92 )

$242,750 (72 )

$221,000 (69 )

55.7%

Waiwhetu

$517,250

$518,000

1.0%

$475,950

8.8%

$379,700

36.4%

$352,300

47.0%

10.8 % (2016 )

$462,000 (8 )

$489,500 (22 )

$489,000 (19 )

$388,500 (19 )

$360,000 (11 )

28.3%

Waterloo

$596,500

$598,550

-0.8%

$561,400

6.6%

$449,700

33.1%

$434,900

37.6%

7.6 % (2016 )

$624,500 (18 )

$699,000 (13 )

$508,500 (22 )

$473,750 (24 )

$433,500 (26 )

44.1%

$689,400 $611,350

$685,650

1.6%

50.0%

$659,000 (9 ) $608,808 (16 )

$649,000 (13 )

35.1%

41.2 % (2015 ) 42.3 % (2015 )

$642,500 (8 )

$449,250

$460,500 $404,700

48.9%

0.6%

5.9% 10.3%

31.5%

$606,850

$647,750 $550,150

$521,600

Berhampore

$452,250 (8 )

$497,800 (14 )

$623,000 (12 ) $467,000 (21 )

$504,675 (16 ) $507,000 (25 )

30.6% 20.1%

Brooklyn

$787,800

$784,800

1.2%

$737,250

6.4%

$610,200

28.6%

$538,400

45.8%

33.8 % (2015 )

$724,000 (21 )

$762,000 (15 )

$649,000 (19 )

$539,000 (35 )

$539,000 (23 )

34.3%

Churton Park

$761,300

$757,900

1.5%

$699,800

8.3%

$576,150

31.5%

$513,900

47.5%

38.9 % (2015 )

$739,000 (31 )

$771,150 (20 )

$683,500 (28 )

$620,000 (49 )

$547,000 (42 )

35.1%

Hataitai

$860,100

$865,450

2.7%

$835,550

3.6%

$673,500

28.5%

$597,500

44.8%

29.1 % (2015 )

$724,109 (18 )

$846,500 (14 )

$795,258 (18 )

$724,000 (29 )

$592,000 (27 )

22.3%

Island Bay

$865,250

$861,050

3.8%

$780,750

10.3%

$641,650

34.2%

$555,100

55.1%

33.0 % (2015 )

$727,000 (20 )

$696,000 (23 )

$701,500 (30 )

$598,500 (49 )

$540,500 (32 )

34.5%

Johnsonville

$613,550

$607,400

2.4%

$555,800

9.3%

$448,350

35.5%

$401,300

51.4%

40.0 % (2015 )

$576,250 (28 )

$586,500 (28 )

$562,000 (51 )

$480,100 (60 )

$435,500 (52 )

32.3%

Karori

$824,550

$821,450

2.5%

$767,200

7.1%

$628,500

30.7%

$552,200

48.8%

38.0 % (2015 )

$663,000 (51 )

$629,000 (31 )

$628,021 (64 )

$599,000 (89 )

$535,000 (68 )

23.9%

Kelburn

$1,147,650

$1,148,950

1.5%

$1,120,150

2.6%

$906,300

26.8%

$819,700

40.2%

23.5 % (2015 )

$922,500 (14 )

$1,049,500 (4 )

$895,000 (17 )

$748,000 (16 )

$841,000 (22 )

9.7%

Khandallah

$949,450

$950,800

2.1%

$903,450

5.2%

$741,500

28.2%

$674,200

41.0%

40.3 % (2015 )

$849,000 (27 )

$819,500 (26 )

$858,500 (46 )

$655,000 (58 )

$725,000 (50 )

17.1%

Kilbirnie

$658,900

$655,950

2.9%

$615,250

6.6%

$509,150

28.8%

$435,900

50.5%

33.0 % (2015 )

$548,511 (8 )

$665,000 (8 )

$692,000 (19 )

$551,500 (14 )

$517,000 (21 )

6.1%

Lyall Bay

$709,400

$711,350

2.2%

$646,700

10.0%

$540,200

31.7%

$464,500

53.1%

42.1 % (2015 )

$736,900 (13 )

$745,250 (12 )

$641,000 (18 )

$569,000 (15 )

$472,000 (19 )

56.1%

Miramar

$744,050

$746,700

0.0%

$693,300

7.7%

$573,800

30.1%

$492,500

51.6%

43.3 % (2015 )

$694,500 (22 )

$686,000 (22 )

$678,000 (34 )

$570,500 (57 )

$519,000 (39 )

33.8%

Newlands

$577,650

$575,000

1.8%

$532,050

8.1%

$418,800

37.3%

$376,200

52.8%

47.4 % (2015 )

$589,000 (27 )

$586,500 (22 )

$535,300 (49 )

$422,800 (48 )

$403,350 (34 )

46.0%

Newtown

$710,900

$702,600

1.2%

$650,250

8.1%

$533,250

31.8%

$465,900

50.8%

33.2 % (2015 )

$697,000 (11 )

$631,750 (12 )

$633,666 (31 )

$532,250 (32 )

$480,000 (20 )

45.2%

Ngaio

$770,600

$771,950

0.9%

$722,250

6.9%

$593,400

30.1%

$528,000

46.2%

34.5 % (2015 )

$747,000 (18 )

$662,000 (17 )

$701,874 (28 )

$528,000 (34 )

$521,250 (26 )

43.3%

WELLINGTON Aro Valley

Northland

$819,250

$823,450

1.1%

$786,250

4.7%

$639,250

28.8%

$560,000

47.0%

41.2 % (2015 )

$820,500 (12 )

$846,750 (6 )

$673,000 (13 )

$588,000 (16 )

$460,000 (17 )

78.4%

Paparangi

$610,350

$604,650

1.0%

$559,250

8.1%

$446,000

35.6%

$396,500

52.5%

53.1 % (2015 )

$612,000 (6 )

$555,100 (6 )

$583,350 (10 )

$417,000 (19 )

$406,000 (13 )

50.7%

Seatoun

$1,262,350

$1,265,700

-0.8%

$1,219,350

3.8%

$1,030,400

22.8%

$935,500

35.3%

-3.0 % (2015 )

$958,500 (2 )

$1,056,975 (4 )

$940,282 (12 )

$854,000 (25 )

$852,500 (12 )

12.4%

Strathmore Park

$731,100

$729,900

0.1%

$673,950

8.3%

$566,750

28.8%

$485,700

50.3%

32.3 % (2015 )

$657,000 (5 )

$657,000 (17 )

$687,000 (9 )

$621,000 (20 )

$496,500 (14 )

32.3%

Tawa

$592,300

$591,500

2.0%

$532,700

11.0%

$429,600

37.7%

$397,800

48.7%

42.9 % (2015 )

$562,000 (39 )

$615,000 (27 )

$527,500 (68 )

$422,100 (58 )

$405,250 (56 )

38.7%

Te Aro

$530,450

$527,600

2.8%

$480,350

9.8%

$412,150

28.0%

$420,100

25.6%

39.0 % (2015 )

$459,500 (42 )

$420,500 (30 )

$417,000 (47 )

$385,000 (75 )

$354,000 (47 )

29.8%

Wadestown

$1,019,850

$1,022,650

3.4%

$948,400

7.8%

$800,200

27.8%

$714,500

43.1%

37.1 % (2015 )

$852,000 (9 )

$866,500 (7 )

$933,250 (20 )

$680,000 (25 )

$722,000 (22 )

18.0%

Wellington Central

$408,500

$404,650

0.2%

$381,250

6.1%

$329,850

22.7%

$331,700

22.0%

26.5 % (2015 )

$292,000 (22 )

$286,000 (23 )

$264,500 (22 )

$246,000 (27 )

$249,660 (15 )

17.0%

Wilton

$711,300

$710,650

0.8%

$635,100

11.9%

$532,500

33.5%

$479,200

48.3%

36.2 % (2015 )

$690,000 (9 )

$748,000 (7 )

$587,000 (7 )

$573,500 (10 )

$463,500 (10 )

48.9%

Woodridge

$689,400

$683,850

2.9%

$598,800

14.2%

$507,600

34.7%

$470,600

45.3%

44.9 % (2015 )

$564,555 (7 )

$615,500 (11 )

$511,500 (10 )

$607,150 (15 )

$537,000 (7 )

5.1%

Smart property decisions start here

March 5, 2018 | PROPERTY REPORT

SPOTLIGHT ON . . . BEACHLANDS

From sleepy shore to hot spot For its first sleepy half-century-plus Beachlands was a small settlement, writes Sandra Goodwin

esidential and commercial development in the coastal settlement of Beachlands has been progressing at an impressive rate of knots. Bayleys Howick Manager Brian Clark says: “It is a massive growth area now. There are developments all across Beachlands and there’s still a fair way to go in future. There are a lot of sections just coming on the market now. “And Beachland’s new Pohutukawa Coast Shopping Centre has opened within the last 12 months with a Countdown supermarket and various eateries as well as service providers such as a medical centre. It’s located within a couple of hundred metres of the Beachlands Road turn-off from the Whitford-Maraetai Rd.” The accelerating wave of increasing popularity and development the suburb has been experiencing over the last 30 years is in distinct contrast to the pace for much of its existence. Farmland was first subdivided for holiday homes there in the 1920s, and some 1950s development cemented Beachlands as a residential beachside retreat. But for its first sleepy half-century-plus it was a small settlement. Clark says: “It was known for its little baches on quarter acre sections. “As eastern parts of Auckland grew in popularity, some growth extended to Beachlands which appealed to people looking for a coastal country lifestyle.” Clark says significant milestones were the creation of Pine Harbour Marina around the late 80s-early 90s and the staged subdivision of Spinnaker Bay which started in Beachlands in the early 2000s. “A lot of its sections had water views to Waiheke, and I remember there was quite a rush on them.

Its proximity to the water is a big draw but this seaside suburb has a lot of other attractions.

“We sold 15 in one day,” says Clark. He sees those changes as the turning point that has culminated in extensive development in Beachlands today accompanied by improved infrastructure and facilities. Clark remembers how, in his early days in real estate, buyers often moved to Beachlands for its lifestyle but tired of its lack of infrastructure and moved elsewhere within a couple of years. “That’s not the case now. You can even have your commute taken care of on the Pine Harbour Ferries.” These run between Pine Harbour Marina on Beachlands’ western shore and downtown Auckland 15 times daily on weekdays, taking 30 minutes each way. The Pine Harbour Fresh Market modelled on the French village green markets operates on the first Saturday morning of the month, closing in winter. Clark says: “The marina has become a hive of activity as all marinas do, quite attractive with a couple of eateries and

PHOTOS / HERALD FILES

a bit of housing built around it. “The only thing Beachlands lacks currently is a high school — and I guess that will come in due course — with pupils currently taking the bus into Howick.” Clark says Year 1 to 8 pupils at Beachlands School appreciate the school’s pool in the hot summer months. Many homes are within walking distance of the school and a community-minded ‘walking bus’ guides children who go to school on foot. The suburb was identified as one of Auckland’s property hotspots because of its median sales price jump from the first half of 2016 to the first half of 2017. While older properties still make up part of the area, much of the growth is fuelled by buyers wanting to share in the area’s relaxed lifestyle in new houses on decent-sized sections. Clark says new housing tends to be modern and of a high standard, appealing to middle- and upper-income earners. Some low-rise apartments are also planned for the suburb. The area’s increasing popularity has seen some prime cliff-top properties in ‘old Beachlands” fetching $2-million and up. As with most coastal settlements, properties with good sea views command a premium. Clark says despite the changes, the relaxed coastal lifestyle remains, with the area popular for boating and fishing. “There’s good fishing there and Waiheke is practically within spitting distance.” Beachlands beaches include Shelly Bay and Sunkist Bay. However, many residents enjoy popular nearby beach Maraetai and also swim, picnic and check out farmland animals at Omana Regional Park which separates Beachlands from Maraetai.

March 5, 2018 | PROPERTY REPORT

RECENT SALES Bayleys Howick manager Brian Clark’s branch’s agents have sold the following four properties, representative of the area’s prices. A well-presented older 80sq m home at 49 Second View Ave in established Beachlands sold for $844,000 (2017 CV $770,000). In popular Spinnaker Bay, a four-bedroom brick and

PROPERTY PRICES tile home at 16 Weatherly Dr sold for $1.23m (2017 CV $1.17m). A four-bedroom home near Pine Harbour Marina at 44 Pine Harbour Pde sold for $1.33m (2017 CV $1.3m). A new Spinnaker Bay five-bedroom home at 66 Constellation Ave, Spinnaker Bay sold for $1.33m (2017 CV $1.3m).

Established Beachlands offers a mix of older baches and larger homes primarily on 1012sq m (quarter acre) sections with entry level upwards of $800,000 and clifftop/waterfront properties able to sell for upwards of $2m. In Beachlands’ new subdivisions, a typical three to four-bedroom new home sells for around the mid-$1.2ms with larger, higher specified homes reaching $1.7m.

RENTS Three-bedroom homes in the original part of Beachlands achieve rents of around $575 to $650 weekly. Special rentals close to the water offering five-bedrooms plus can achieve rents as high as $1000 per week.

SCHOOLS Beachlands School caters for Years 1 to 8, with the bonus of a pool. There isn’t a high school in Beachlands yet but local teens bus to nearby Howick College. $1.23m: 16 Weatherly Dr.

BEST STREETS For property prices which can top $2-million, look to Spinnaker Bay’s Weatherly Drive. Or in the vicinity of the ‘Old Beachlands’ shopping centre look to First View Ave, Pohutukawa Rd, Cherrie Rd and cliff-top Hawke Cres.

LOCAL ATTRACTIONS Motukaraka Island Often called Flat Island by locals, this level-headed island is a short walk offshore at low tide. $1.33m: 66 Constellation Ave.

$844,000: 49 Second View Ave.

Beachlands-Maraetai Walkway This 6km scenic coastal walkway and cycleway includes bridges and boardwalks. Pine Harbour Marina Obviously handy for ferrying folk and sea-going boaties, it has become a little entertainment hub, also operating a monthly fresh market.

$1.33m: 44 Pine Harbour Pde.

20 March 5, 2018 | PROPERTY REPORT SPOTLIGHT ON . . . TAKAPUNA

By the lake and sea

PHOTO / TED BAGHURST

This suburb’s golden mile between the salt and fresh water is coveted land, writes Sandra Goodwin

art of what makes Takapuna exceptional as a suburb is its golden mile, a narrow strip of land with the sea to its east and Lake Pupuke to its west, says Victoria Bidwell of Bayleys Takapuna. She says: “It’s exceptional to get a lake and the sea in the same suburb, even when you look at international cities. You can walk from the beach to the other side in less than five minutes and be on the lake windsurfing.” Late 1800s property development in the area subdivided farmland so wealthy Aucklanders could have summer houses enjoying Takapuna’s lake and beaches. Bidwell says with beach-goings’ growth in popularity, seawards-side properties came to command the highest prices, a trend which continues to this day. She advises you often get comparatively good value for money by buying to the western side of Takapuna’s main thoroughfares, securing properties which sometimes deliver views towards the city. An exception stems from the appeal of prime west-side lake-side properties, the best of which face the sun, run down to the lake-water and have jetties.

Seaward-side Takapuna properties increase in value the closer they are to the beach, the most coveted being waterfront with direct beach access. Top-end waterfront homes have sold for $10-million plus. However they’re a small subset of those properties seawards side of the suburbs’ main thoroughfares that typically cost $2-million-plus, rising to $3 million or $4-million if they’re close to the beach. Bidwell says: “Takapuna is popular with expatriate Kiwi buyers and overseas buyers who’ve moved here and got citizenship because their experience overseas means they put a high value on waterfront property, whereas sometimes we Kiwis take for granted our access to beaches.” She says: “An interesting feature of Takapuna’s waterfront we’ve retained is The Takapuna Beach Holiday Park, the motor camp where my mother used to stay in her caravan for a month every year. It provides the opportunity for all New Zealanders to enjoy a taste of prime waterfront land.” The big change in the Takapuna market is the number of apartments that are coming on stream or planned, enabled by the Unitary Plan, says Bidwell. “Apartments haven’t really been a big feature of the housing landscape here but that will change. We did have a few townhouse developments along Hurstmere Rd in the 70s and 80s, some of which are very nice. “The other thing which has been changing is the shopping and dining landscape here which has come of age with more restaurants overlooking the water, and a lot more boutique

shops along Hurstmere Rd. It’s more sophisticated and more appealing to young people.” She says Takapuna’s enduring appeal is that it still offers a relaxed lifestyle “with all the facilities you’d ever want but without that big city feel. “It’s outdoorsy and it feels safe so if you’ve got children they can walk to school or to their friends’ houses. “People love the fabulous recreational options we have — swimming or paddle-boarding at the beaches, being able to launch your boat at Takapuna to go fishing and having so many sports grounds.” She says Thorne Bay is a local treasure. There is no road running directly to it, but the Takapuna-Milford coastal walk goes to the bay. And Takapuna’s state secondary schools such as Takapuna Grammar and Westlake Girls and Boys has attracted some buyers to move across the bridge to buy in these zones. But bus services mean families based in Takapuna can send their children to prestigious Albany or city-side schools. Bidwell says: “I’ve sold to people who have moved to the Bays because they’ve got children who are promising sailors and they want them to go to the Murrays Bay Sailing Club, which has produced some renowned sailors. “And gone are the days when Takapuna people thought of it as a big deal to nip to the other side of the bridge. Off-peak you can drive over to Ponsonby for dinner in seven minutes.”

March 5, 2018 | PROPERTY REPORT

RECENT SALES Victoria Bidwell of Bayleys has sold the following properties, which are indicative of Takapuna’s prices. A tidy three-bedroom entry-level home on a half site of 946sq m at 29B Tennyson Ave in central Takapuna with a July 2017 CV of $1,350,000 sold for $1,402,000. A great do-up on a 973sq m subdivisable site close to Takapuna Beach at 36A Hauraki Rd with a $2,750,000

PROPERTY PRICES ( July 2017) CV sold for $2,700,000. A five-bedroom 435sq m new home on a 796sq m full site just two back from Takapuna Beach sold for $4,560,000 ( July 2017 CV $4,530,000). A top-end waterfront property at 10B Brett Ave with a 462sq m home on 1800sq m of exclusive use land with riparian rights plus 1/8 share of 2163sq m sold for $7,750,000 (the same as its 2014 CV).

You may buy an older inland property on a half-site in the early $1-millions but properties seawards side of the main thoroughfare typically cost $2-million-plus. Good seawards-side homes reasonably close to the beach typically cost $3 million to $4 million, while prime waterfront properties can command $10 million plus.

RENTS Entry level is typically one- to two-bedroom units or apartments for $450 to $650 weekly although high-end versions of the same with premium locations and panoramic sea and city views can bring in around $1000 a week. Family living in three- to five-bedroom dwellings typically range from $650 to $900 a week, with higher-end versions achieving $1100 to $1500 weekly and luxurious versions offering advanced features and sea vistas exceeding $2000 a week in rent.

SCHOOLS $4.56 million: 22 Park Ave.

Takapuna Primary, Normal Intermediate, and Grammar, Westlake Girls and Boys.

BEST STREETS The seaside avenues (such as Minnehaha, O’Neills and Brett Aves), Hurstmere Rd along the golden mile, Lake View Rd for north-orientated properties going down to the lake sometimes with jetties; Clifton Rd and any street on the seaward side running down to or near the beach such as Park Ave, Cameron St or William St. $1,402,000: 29B Tennyson Ave.

LOCAL ATTRACTIONS Takapuna Beach and Lake Pupuke A glorious beach and just across the road, in the crater of an extinct volcano, a peaceful freshwater lake popular with rowers, kayakers, divers, windsurfers and yachties. Takapuna-Milford Coastal Walk A seaside walk which takes about 30 minutes one-way (for which decent walking shoes are recommended as a bit of rockhopping is entailed).

$7,750,000: 10B Brett Ave.

$2,700,000: 36A Hauraki Rd.

Takapuna’s shops Takapuna’s regenerated shopping centre.

List your property with Bayleys in April and you could earn double Airpoints Dollars™. This means not only will you get yourself a great result, you could also earn up to 1,000 Airpoints™ Dollars* to put towards your next trip or to spend at the Airpoints™ Store. So to find out more about how to

Double Earn

double the distance, double the trips or double the fun, call Bayleys Howick on 09 535 5480.

bayleys.co.nz/airpoints

Airpoints Dollars™ on the House

Licensed under the REAA 2008. *Double Airpoints Dollar earn rate is 1APD for every $1,000 of the sale price. Double Airpoints Dollars offer is capped at 1,000 Airpoints Dollars. Only available on standard commission rates. Must be a sole agency. Only available for residential, rural and lifestyle properties. Cannot be used in conjunction with other specials or promotions. Double Airpoints Dollars offer is only available to property listed between 1st-30th April 2018. Airpoints Dollar accrual requests will be submitted to Air New Zealand after the settlement of sale. Only available to vendors on sale transactions. Further terms and conditions apply. Visit bayleys.co.nz/airpoints to view terms and conditions. Airpoints Programme terms and conditions also apply.

22 March 5, 2018 | PROPERTY REPORT SPOTLIGHT ON . . . DANNEMORA

Witness to rapid growth

Once farmland, Dannemora is now a popular and established eastern suburb, says Sandra Goodwin

annemora is now a well-established, mature suburb, despite the many middle-aged Aucklanders who can clearly remember when it was simply farmland between Howick and Manukau. Grant Sykes, manager of Barfoot & Thompson’s Dannemora branch, says: “People like buying there because it has a sense of community, seeing it’s well established now and it is years since it was a new suburb. “There are still some new houses being built there but it’s a suburb where we’re now seeing a lot of refurbishment of homes to update them.” Sykes explains the relatively small suburb, which is around 20km south-east of central Auckland’s Queen St, took its name from Dannemora Holdings, a company which was a key to subdivision and land development in the area. Dannemora’s growth was fairly consistent from the 1990s on. A succession of more and more new homes and show homes attracted many residents from Howick, especially those who were tiring of the upkeep of their older homes on larger sections. A couple of elements boosted the suburb’s popularity more — Asian immigrants moving to East Auckland, and the opening of the Botany Town Centre in 2001. Sykes says: “In Dannemora’s early days, people used to

think of it having big houses on relatively small pieces of dirt, compared to say, Howick. It’s interesting to note how those section sizes typically of 500 or 600sq m are considered reasonably sized by buyers these days, compared to some new developments where homes might be on 250sq m.” Sykes says lots of Dannemora’s early homes were four or five-bedrooms meaning three-bedroom homes command a slight price premium for their size given they’re relatively scarce. “Its schools are a big driver for people wanting to live in the area with Point View Primary School, Somerville Intermediate and Botany Downs Secondary College being particularly popular.” Property prices tend to go up with the land’s elevation towards Point View Drive. That’s largely thanks to some larger sections, more premium homes and good sunsets and views towards the Waitakeres and the Manukau Harbour. “And if you get high enough, you can get views of all the city lights out to Sky Tower.” Sykes acknowledges the timing of Dannemora’s development means a portion of earlier homes in the suburb were re-clad after “leaky building issues”. “Nowadays a lot of Dannemora owners are focused on refurbishing elements in their homes to keep abreast of the trends.”

Dannemora from Point View Dr. PHOTO /TED BAGHURST

Lots of new kitchens are going in, granite benches are replacing Formica ones. Darker carpet is popular to replace original colours. Sykes says the schooling and nearby facilities including the Botany Town Centre now attracts families buying their second and third homes, rather than just older people. “Dannemora’s average sale price is just over $1 million now so that’s not really first home buyer territory.” Residents don’t necessarily have much of a commute to their jobs. Sykes says: “Development or relocation of companies to nearby Highbrook has brought so many jobs with it, including some corporate jobs.” When driving in the evening, Sykes sees residents out walking. Some make use of the Logan Carr Reserve which starts opposite the Botany Town Centre and includes exercise equipment parents can work out on while their children enjoy the playground. The Point View Reserve offers nearly 20ha with multiple tracks. Sykes hears residents praising the variety of ethnic foods available close to Dannemora. “You can have anything, you name it; from Thai to Korean to Indian and so on.” He and his co-workers enjoy fare at the tea house-cafe at New Zealand’s largest Buddhist temple, Fo Guang Shan, just south of Dannemora, where non-Buddhists are welcome.

March 5, 2018 | PROPERTY REPORT

RECENT SALES In a quiet cul-de-sac at 12 Naul Pl, a three-bedroom home on a 437sq m section sold for $840,000 (2017 CV $1,050,000). An easy-care four-bedroom family home of 220sq m on 461sq m of land at 14 Earlshall Dr, with a 2017 CV of $1,125,000, changed hands for $1,030,000.

PROPERTY PRICES A three-bedroom brick-and-tile home with an established garden at 20 Millington Pl sold for $1,088,000 (2017 CV $1,075,000). A spacious two-storey five-bedroom home at Number 9 in the no-exit street of Banshire Cl with a 2017 CV of $1,325,000 sold for $1,170,000.

Dannemora property prices average just over $1 million, its top-end properties selling for more than $2 million. Three-bedroom homes command a slight price premium being less common amidst many larger four-plus-bedroom houses.

RENTS Dannemora’s good rental demand, partially driven by school zones and the shortage of stock reflective of the Auckland market, sees rental properties typically rented within a week. Threebedroom homes tend to bring in around $550 to $640 per week, four-bedroom ones around $650 to $750 per week.

SCHOOLS Point View School, Star of the Sea School (Howick), Somerville Intermediate School, Botany Downs Secondary College, Sancta Maria College. $840,000: 12 Naul Pl.

BEST STREETS

Armstrong Farm Dr for its views and premium houses on sizeable sections. Lansell Dr is a part of Dannemora which can be elevated with lovely established trees. Westerham Dr for its fine views of the city and its night lights.

LOCAL ATTRACTIONS Point View Reserve Point View Reserve’s 29ha include multiple tracks, some fitness-inducing steps, regenerating native bush and views of Auckland’s sprawl and towards quieter countryside. $1,088,000: 20 Millington Pl.

$1,030,000: 14 Earlshall Dr.

$1,170,000: 9 Banshire Cl.

We’ve got hundreds of buyers because we’ve just sold their homes. 593 sales across the Auckland region in January.

The Logan Carr Reserve The Logan Carr Reserve starts across the road from Botany Town Centre and boasts walks, playground, exercise equipment plus ponds and ducks. The Fo Guang Shan temple Non-Buddhists are welcome at the country’s largest Buddhist temple, the Fo Guang Shan temple south of Dannemora, designed in the architectural style of the Tang Dynasty. Its tea housecafe and spring Cherry Blossom Festival are popular.

Dannemora 1/345 Chapel Road 09 271 6199

barfoot.co.nz

CBRE DOES AUCTIONS. Delivering exceptional client outcomes through auctions. CBRE New Zealand operates a specialist auction platform, focused on creating competitive tension in the sales process through increased participation, leading edge technology and industry experts. Auctions @ CBRE caters for all commercial real-estate markets and sectors providing exceptional outcomes for our clients. Book your next auction with CBRE today.