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Home Inspection News – Issue 39

Real Estate Market June 2020

The residential property market in June 2020 was the first full month of real estate marketing, open homes, auctions and sales under level 1 (border only)
restrictions. The result was the highest number of property sales for a June month in 4 years. Not only did the number of properties sold increase but so did the prices.

Across New Zealand prices increased by 3.8% compared to a month ago and in Auckland increased by 2.8% for the month. The median house price in New Zealand is now $639,000 which is up 9.2% in the last 12 months. In Auckland the median house price is now $928,000 also up 9.2%. Every region in the country has had price increases from 12 months ago.

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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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