Home Inspection News – Issue 38

Property Market News

Because of the Alert Level 3 restrictions open homes were not allowed and only 2 viewings per day was permitted for would be buyers. The result was a 46% drop in sales numbers
nationally in May 2020 compared to May 2019. A shortage of listings also contributed to the low level of sales.

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Home Inspection News – Issue 37

The Property Market Post-Covid19

There was almost an 80% fall in the number of property sales across New Zealand in April as Covid19 level 4 lockdown made it very difficult for property sales. Given these facts the usual sales data is pretty well meaningless. More important will be the results following lockdown level 4 and level 3.

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Home Inspection News – Issue 34

Congratulations to Duane Turner on achieving the prestigious PRESIDENTS CLUB international award for inspections!

January 2020 Real Estate Market Update

As predicted last year the housing market is set to boom in 2020. January saw the highest number of residential sales for a January month in 4 years.

Nationally sales were 0.9% higher than 12 months ago. Auckland was up 9.7% year on year.

Nelson, Manawatu / Whanganui, Bay of Plenty and Marlborough all had sales increases of more than 10% over January 2020. Prices too are continuing to rise strongly.

The median price increased in all of the 16 regions of New Zealand.

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Home Inspection News – Issue 33

The property market is December 2019

More sales and higher prices was the message for December as 2019 came to a close. Nationally in 2019 the median house price rose by 12.3%, starting the year at $560,000 and
ending at $630,000 in December.

In Auckland the median house price rose by $30,000 to $890,000 which was a mere 3.5% increase. Only the West Coast region saw a fall in the median price in 2019 which was down 13.6% to $190,000.

The other 15 regions all had price increases.

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Home Inspection News – Issue 32

Congratulations to Aaron McDonald from Hamilton for achieving the prestigious Gold international award for inspections!

There is little doubt now that Auckland house prices are on the rise and joining the vast majority of regions in New Zealand. Yet another new record high for the national median price of $630,000 up 8.6% from $580,000 in November 2018.

Ten of the regions set new record highs. Manawatu / Wanganui equalled its record high. Only two regions – Northland and Tasman saw falls in median price compared to November 2018. All 4 major cities show median price increases for the last 12 months. Dunedin 14.4%, Christchurch 5.2%, Wellington 12.1% and Auckland 2.9%.

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Home Inspection News – Issue 31

Congratulations to Elliott & Carol Drayton on achieving the prestigious Gold international award for inspections!

building-report-Christchurch

There is Gold in Christchurch!

Housing Market in October 2019

House prices in New Zealand reached a new record high in October. The national median price is now $607,500 which is up $46,000 or 8.6% from 12 months ago.

In Auckland the median price rose by $7,000 or 0.8% from a year ago. At $868,000 this is the highest Auckland price in 19 months. The increase from the previous month was 2.4%.

The only region in New Zealand to experience a decrease in median price for the last 12 months was Taranaki with a small fall of 0.5%. All other regions saw increases and new records were set in:

Bay of Plenty $620,000 up 7.8%

Northland $525,000 up 9.4%

Waikato $570,000 up 9.6%

Otago $550,000 up 15.8%

Hawkes Bay $535,000 up 16.3%

Manawatu / Wanganui $407,500 up 20.9%

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Home Inspection News – Issue 30

Congratulations to Duane Turner on achieving the prestigious Diamond Elite international award for inspections!

home-inspector

The story of September was one of rising house prices across New Zealand. The median NZ house price rose to $597,000 up 6.6% compared to 12 months ago.

New record median prices were recorded in:
Waikato $550,000 up 5.6% from September 2018

Hawkes Bay $500,000 up 13.4% from September 2018

Taranaki $400,000 up 15.9% from September 2018

Southland $315,000 up 22.1% from September 2018

Manawatu / Whanganui $397,000 up 24.1% from September 2018

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Home Inspection News – Issue 29

August Real Estate Activity 

Lower sales across New Zealand, 6.1% lower than August last year. The lowest number of sales for 7 months were:

Southland –33.2% 62 less sales
Hawkes Bay –18.4% 42 less sales
Taranaki –16.6% 31 less sales

Sales were up in the following areas:
Tasman +12.3%
Bay of Plenty +7.7%
Nelson +2.9%

The main reason for the fall is the lowest number of new listings for the last 3 consecutive months since 2007.

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