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Dear *|FNAME|*,
As New Zealand now moves into the Autumn months the property market is still showing continued increases in sale prices around the country, with a new national median of $415,000. Volumes of sales are however falling with a drop of 7.6% in February compared to February 2013. This is likely to be the effective of recent increases in interest rates as well as LVR (loan to value ration) restrictions on mortgages.
We will continue to report on property market trends throughout the year, but if you would like any additional information or statistics on a particular region of New Zealand, please do not hesitate to contact me.
Kind regards,
Hayley Lavender
National Marketing Manager
Bayleys Realty Group |
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Auckland |
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Auckland |
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Wellington |
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Canterbury |
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Canterbury |
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Otago |
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Northland |
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Rodney |
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Auckland |
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Auckland |
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Waikato |
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Bay of Plenty |
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Hawkes Bay |
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Wairarapa |
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| South Wairarapa |
Expressions of Interest |
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Manawatu |
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| Palmerston North |
$435,000 |
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Wellington |
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Nelson |
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| Kaiteriteri |
Offers over $1,500,000 |
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Marlborough |
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| NZ PROPERTY MARKET RESEARCH - January 2014 |
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The national median house price eased $25,000 (-5.8%) to $402,000 from record highs set in December 2013. But compared to January 2013 the median house price increased by $32,000 (8.6%).
Ten regions recorded an increase in the median price. 69% of the increase in the national median price compared to January last year occurred in Auckland and 13% occurred in Waikato/Bay of Plenty. Christchurch contributed 10% of the increase in median price over that period. Together these three regions accounted for 92% of the increase in the median price between January 2014 and January 2013.
Median Sale Price Comparison
| District |
Jan-2013 |
Jan-2014 |
Annual Difference |
| New Zealand Total |
$370,000 |
$402,000 |
8.6% |
| Northland |
$284,500 |
$310,000 |
9.0% |
| Auckland |
$509,250 |
$569,000 |
11.7% |
| Waikato / Bay of Plenty |
$312,500 |
$342,500 |
9.6% |
| Hawkes Bay |
$272,500 |
$275,000 |
0.9% |
| Manuwatu / Wanganui |
$220,000 |
$218,000 |
-0.9% |
| Taranaki |
$310,500 |
$314,625 |
1.3% |
| Wellington |
$382,500 |
$375,000 |
-2.0% |
| Nelson / Marlborough |
$340,000 |
$380,000 |
11.8% |
| Canterbury / Westland |
$344,000 |
$370,000 |
7.6% |
| Central Otago Lakes |
$425,000 |
$427,000 |
0.5% |
| Otago |
$234,500 |
$260,000 |
10.9% |
| Southland |
$180,000 |
$193,500 |
7.5% |
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| REGIONAL HIGHLIGHT - Waikato/Bay of Plenty |
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Each month we provide in-depth market research on a specific region of New Zealand. This month we highlight the Waikato and Bay of Plenty regions.
This region is well known for farming and also the beautiful beaches along the Eastern coast including the Coromandel Peninsula.
Sales volumes compared to January 2013 fell 4.4%, with some variation across the region (Taupo - 40%, Mt Maunganui/Papamoa +32%). Compared to December sales fell by 20%, with Gisborne the best performing part of the region with the same number of sales in both months.
The median price across the region increased $30,000 (+9.6%) compared to January 2013. Prices increased the most in Tauranga, Waikato Country and Hamilton, although Gisborne saw an 18.4% drop in its median price. Compared to December the median price fell by $4,000 (-1.2%) with Taupo, Eastern Bay of Plenty Country and Waikato Country the only parts of the region to record increases.
Source – REINZ |
| OPPORTUNITY OVERSEAS EXPO – March 2014 |
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If you are looking for more information on visas, employment and migration services or just general information on moving to and living in New Zealand the Opportunity Overseas Expo is the perfect place to find information. Expos will be held in London, Manchester and Dublin in late March and Bayleys will be producing a booklet which will be inside the bags distributed at the event. This booklet will detail some current properties for sale and rent as well as information on buying and letting property in New Zealand. Immigration NZ will be hosting a specific engineering and construction pavilion, so if you are interested in jobs in these sectors the expo will be the perfect opportunity to find out more information.
Click HERE to book tickets. |
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